CnEVPost Newsletter: China NEV insurance registrations in 5th week of Dec
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CnEVPost Newsletter: China NEV insurance registrations in 5th week of Dec
China NEV insurance registrations in 5th week of Dec: BYD 55,706, Tesla 4,338, NIO 3,975
For the five weeks in December, November 28 to January 1, Tesla vehicles had 48,154 insurance registrations in China.
After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.
NIO Capital leads Series A funding round in local battery recycling firm
Ruilong was founded in 2016 and has four recycling plants, three of which are already in operation.
BYD working with Nvidia to bring GeForce NOW cloud gaming to its vehicles
GeForce NOW will enable occupants of these vehicles to stream games while parked or charging their NEVs, BYD said.
Lotus to allow Eletre buyers to opt for e-mirrors, set to be 1st to do so in China
Deliveries of Lotus Eletre with optional electronic exterior mirrors will begin as early as July 1, 2023, the first day that Chinese regulations will allow car companies to use such mirrors.
Leapmotor would have to sell at least 400,000 units a year to break even, CEO says
Scale is important for a car company, and without scale it's impossible to be profitable, said Leapmotor's CEO.
Neta raises vehicle prices by as much as $870 as subsidies exit
Neta's sales of 152,073 units in 2022 are the highest of China's major new car makers, but its flagship model starts at half the average sales price of NIO models.
Global EV battery market share in Nov: CATL 40.9%, BYD 15.6%
CATL's installed power battery volume from January to November was 165.7 GWh, ranking first with a 37.1 percent market share.
Chinese consumers' demand for cars set to fall in Jan, industry body says
Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.
China's retail auto sales exceed 2.4 million in Dec, up 47% from Nov, preliminary CPCA data show
The CPCA did not release preliminary sales figures for NEVs in December. Previous figures showed the CPCA expected the figure to be around 700,000 units.