CnEVPost Newsletter: China NEV sales for week ending Mar 5
CnEVPost Newsletter: China NEV sales for week ending Mar 5
China NEV insurance registrations for week ending Mar 5: BYD 38,932, Tesla 13,266, NIO 3,345
The NIO ET5 had 2,106 insurance registrations last week, the ET7 had 154 and the ES7 had 227.
China's Feb retail sales of passenger NEVs up 32% from Jan to 438,000, preliminary CPCA data show
China's new energy passenger vehicle penetration at retail in February was 32.1 percent, up 6.4 percentage points from 25.7 percent in January.
Automakers in central China's Hubei offer hefty subsidies as sales pressure mounts
Authorities in Hubei province have joined forces with local automakers this month to offer subsidies for car purchases of up to RMB 90,000 yuan ($13,000) for some models.
CATL's share in global EV battery market slips in Jan, BYD rises
CATL's battery installations rose 6.5 percent year-on-year in January, below the industry's growth rate of 18.1 percent.
The Toyota bZ3 is priced lower than the BYD Han EV in China, but higher than the BYD Destroyer 05 PHEV.
Xiaomi's car project progresses beyond expectations, mass production set for H1 2024, CEO says
Spy photos of what is suspected to be Xiaomi's first model have been circulating on Weibo recently, showing the exterior and some of the interior design of the model.
Financially troubled WM Motor says it's pushing hard to resume production
WM Motor will have more than 100 dealership stores in China gradually return to regular service, the company said.
NIO Capital's portfolio firm Standard Robots closes new financing
Standard Robots aims to use driverless, robotics and AI technologies to create efficient and flexible logistics solutions to help manufacturing companies improve productivity.
Overseas premiums likely to provide support for lithium prices in China, analysts say
Overseas lithium prices are already at a 20 percent premium to Chinese prices, which is expected to provide support for lithium prices as the export window opens, analysts said.