CnEVPost Newsletter: China NEV sales last week; NIO cuts delivery guidance
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CnEVPost Newsletter: China NEV sales last week; NIO cuts delivery guidance
China NEV insurance registrations in 4th week of Dec: BYD 51,636, Tesla 8,915, NIO 2,690
NIO vehicles registered 2,690 insurance units in the fourth week of December, including 1,273 ET5s, 595 ES7s, 439 ES6s, 213 ET7s, 89 ES8s and 81 EC6s.
NIO lowers guidance for Q4 deliveries, citing challenges from Covid outbreak
NIO now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter, down 4,500-8,500 units from its previously issued guidance of 43,000-48,000 vehicles.
Tom Zhu no longer acts as legal representative of Tesla's operating entity in China
The change is another sign that Zhu is fading from Tesla's China operations, local media report says.
How is China's NEV industry faring as Covid wave sweeps country? CICC explains
Major automakers including BYD, Tesla, NIO, and Li Auto were relatively unaffected, as they all have a certain level of order backlog, according to CICC.
China downgrades Covid control in decisive break with zero-Covid policy
This is another major adjustment to the Covid control policy since China began implementing strict Class A infectious disease prevention and control measures on January 20, 2020.