CnEVPost Newsletter: China NEV weekly sales data; Hedge fund position changes
China NEV insurance registrations in 2nd week of Nov: BYD 40,721, Tesla 13,939, NIO 3,124 - CnEVPost — cnevpost.com NIO was at 3,124 units for the week, indicating that the company's capacity appears to have recovered from the impact of Covid in Hefei earlier this month.
George Soros fund continues to boost bets on NIO in Q3 - CnEVPost In addition to increasing its purchases of NIO bonds, Soros Fund also bought calls on NIO for the first time in the third quarter.
Renaissance cuts its position in NIO in Q3, doubles bets on XPeng and Li Auto - CnEVPost Renaissance reduced its stake in NIO by 28.63 percent in the third quarter, while increasing its holdings in XPeng and Li Auto by 74.47 percent and 106 percent, respectively.
NIO's battery swap network covers all districts of Hangzhou - CnEVPost In Hangzhou, NIO's battery swap stations number 39, covering all 13 local districts.
Most Tesla models see shorter wait times in China - CnEVPost Faster deliveries from Tesla in China near the end of the year are expected to allow more local consumers to take advantage of the expiring state purchase subsidies.
BYD scraps plans to spin off its semiconductor unit for separate listing - CnEVPost BYD said its semiconductor business will add large investments that are expected to have a significant impact on the unit's future assets and business structure.
BYD gears up for more testing of its premium brand's first model - CnEVPost BYD appears to be shipping test vehicles for the first model of its Yangwang brand in preparation for winter testing.
Spy shots: BYD may be making two additional sedans - CnEVPost BYD is building a new sedan for each of its Dynasty series and Ocean series, according to local media.
Lithium carbonate now costs 10 times more than it did two years ago - CnEVPost Every RMB 100,000 increase in the price of lithium carbonate will have a 2 percentage point impact on NIO's gross margin, the company's CEO previously said.