CnEVPost Newsletter: EV makers in China report Nov deliveries
NIO delivered record 10,878 vehicles in Nov, up 106% year-on-year - CnEVPost — cnevpost.com NIO's previous guidance for fourth-quarter deliveries was 23,500 to 25,500 vehicles, which means it is expected to deliver 8,955-10,955 in December.
China's subsidies for NEVs set to decline next year, and this is what NIO is offering to year-end buyers - CnEVPost China's subsidies for NEVs will be reduced by 30 percent next year, and Tesla decided last week to let consumers immediately bear the cost increase.
XPeng delivered record 15,613 units in Nov, up 270% year-on-year - CnEVPost XPeng delivered a record 15,613 units in November, meeting the company's previously mentioned target of 15,000 units for single month deliveries.
Li Auto delivered record 13,485 vehicles in Nov, up 190% year-on-year - CnEVPost Li Auto's previous guidance for fourth quarter deliveries was 30,000-32,000 vehicles, meaning it is expected to deliver 8,866-10,866 units in December.
Tesla says reports that Shanghai plant could meet 500,000-unit production goal this year inaccurate - CnEVPost Chinese media reported earlier today that Tesla's Grace Tao said that Giga Shanghai will be able to reach its annual production goal of 500,000 units this year.
WM Motor delivered 5,027 vehicles in Nov, up 67% year-on-year - CnEVPost This is a new high for WM Motor's single-month deliveries, but only two more than the 5,025 units delivered in October.
WM Motor says it has raised $152 million in Series D2 funding - CnEVPost The financing was led by real estate developer Agile Property, bringing its total Series D funding to $457 million.
Volkswagen ID. family sold 14,167 units in China in Nov, up 11% from Oct - CnEVPost This is the third consecutive month that the Volkswagen ID. family of electric vehicles has delivered more than 10,000 units in China.
GAC Aion delivered 14,566 vehicles in Nov, up 123% year-on-year - CnEVPost From January to November, the cumulative sales of GAC Aion exceeded 100,000 units, reaching 106,985 units.
Zeekr delivered 2,012 units in Nov, its second delivery month - CnEVPost Zeekr made its first delivery of the Zeekr 001 on October 23, with 199 units delivered in October.
Leap Motor delivered record 5,628 vehicles in Nov, up 236% year-on-year - CnEVPost Leap Motor said chip shortages and restrictions on industrial electricity use have had some impact on capacity in parts of its supply chain.
Neta delivered 10,013 vehicles in Nov, surpassing 10k for first time - CnEVPost Neta is now offering three models in China, all starting at under RMB 100,000.
Kaixin Auto unveils strategic plan for NEVs - CnEVPost Kaixin's shares rose about 20 percent in pre-market trading before narrowing to less than 4 percent.
Huawei, Tsinghua University sign deal to collaborate on smart cars - CnEVPost Huawei and Tsinghua University have signed three long-term research cooperation agreements to jointly tackle key technology issues in the auto field.