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CnEVPost Newsletter: Chinese EV makers face Covid shock
April could be lost month for Chinese EV makers as Covid situation worsens, says Deutsche Bank - CnEVPost — cnevpost.com Deutsche Bank analyst Edison Yu's team expects sales of EVs to fall across the board in April and may also be affected in May, leading to a broad downward revision of second-quarter volumes.
Covid brings about 20% loss to China's auto production, CPCA secretary general says - CnEVPost In April, production and sales in China's auto industry continued to face uncertainty, the CPCA said.
EV stocks plunge in Hong Kong as Covid curbs disrupt supply chain - CnEVPost NIO said on Saturday that it has suspended production as Covid has caused partners in its supply chain to shut down production.
Tesla sells 65,814 China-made vehicles in March, exports only 60 from Shanghai plant - CnEVPost Production at Giga Shanghai was suspended for two days on March 16 and 17 due to Covid controls, and has been suspended again since March 28.
BYD Han's new variants get 48,136 orders 6 hours after official launch - CnEVPost BYD officially launched the Han DM-i, Han DM-p, Han EV Founding Edition and Han EV Green Edition on Sunday.
CATL's market share in China rises to 50.49% in March - CnEVPost CATL's installed base in China in March was 10.81 GWh, capturing 50.49 percent of the market share, up 2.47 percentage points from February.
Self-driving startup Haomo closes RMB hundreds of millions in Series A+ funding - CnEVPost Haomo expects to launch an urban road version of its L2 autonomous driving system, NOH, in mid-2022 and a full-scenario version later this year.
China's NEV sales rise 114% year-on-year to 484,000 units in March, CAAM data show - CnEVPost China's auto industry is facing higher costs and a lack of consumer momentum, but production and sales of NEVs have continued their rapid growth, the CAAM said.
China sees wholesale sales of passenger NEVs at 455,000 units in March, up 122% year-on-year - CnEVPost Due to the price hikes, NEV orders before the price hikes performed well, with ample orders overall, the CPCA said.
China's power battery installations rise 138% year-on-year to 21.4 GWh in March - CnEVPost LFP batteries lead ternary batteries in China for the ninth consecutive month.