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CnEVPost Newsletter: China NEV insurance registrations; NIO earnings preview
Insurance registrations in 1st week of Nov: BYD 37,168, Tesla 11,195, NIO 2,852 - CnEVPost — cnevpost.com Li Auto with 2,224 units, XPeng with 1,115 units, Zeekr with 2,308 units and Neta with 1,896 units.
NIO to report Q3 earnings on Nov 10, what to watch? - CnEVPost "Our gross margin is meaningfully higher as we believe NIO will recognize the majority of its regulatory credit sales in 3Q, similar to last year," writes Deutsche Bank analyst Edison Yu's team.
XPeng organizational restructuring said to be nearing completion - CnEVPost XPeng has appointed former brand head Li Pengcheng as assistant to the CEO, reporting to chairman and CEO He Xiaopeng, according to local media.
XPeng's flying car arm secures over $800 million in credit from four banks - CnEVPost XPeng Aeroht said the move will increase its confidence in the flying car business and support it to increase capital investment in research and development.
BYD finalizes Chinese name for its premium car brand - CnEVPost The brand's official launch is expected in the first quarter of 2023, when its first hardcore off-road model will be unveiled.
BYD's premium brand reportedly to be launched in Q1 2023 - CnEVPost The first model of BYD's premium brand is expected to be a hardcore crossover model priced at RMB 1 million or more.
Tesla offers discounts of up to $1,110 for inventory cars in China - CnEVPost This appears to be the latest move by Tesla to boost sales in the fourth quarter after it cut prices in China late last month.
Tesla Shanghai plant exports record 54,504 vehicles in Oct - CnEVPost Tesla China's wholesale sales in October were 71,704 units, including 54,504 units exported, according to a report released today by the CPCA.
RoboSense flexes muscles at Tech Day, unveils new solid-state LiDAR and dedicated lab for testing - CnEVPost RoboSense unveiled the product called RS-LiDAR-E1, its first all-solid-state LiDAR, becoming another player in the field.
Nvidia offers A800 chip for Chinese customers as alternative to A100, report says - CnEVPost Nvidia said Monday it will launch the A800 chip in China, which complies with recent US export control regulations.
Geely's Geometry brand launches two new models equipped with Huawei HarmonyOS - CnEVPost Geometry's two models, the G6 and M6, were officially launched with a price range of RMB 149,800 to RMB 186,800 after subsidies.
China Oct wholesale sales of passenger NEVs flat from Sept, CPCA data show - CnEVPost The release of year-end automotive consumer demand is at risk and uncertain due to the recent rebound of the Covid outbreak in China, which has impacted auto showroom traffic and order patterns, the CPCA said.