CnEVPost Newsletter: EV stocks soar in HK; Tesla Shanghai rumored to cut production

EV stocks soar in HK: NIO up 12%, XPeng up 20% - CnEVPost — cnevpost.com NIO and Li Auto are both up about 30 percent since last Monday, while XPeng has rallied 70 percent in the same period.

NIO ET5 review by Telescope: Open the floodgates - CnEVPost If you strip all the premium features away and treat ET5 as a normal car, it is still a very compelling proposition.

NIO's battery swap network finishes initial coverage of city cluster around Xi'an - CnEVPost NIO completed initial coverage of the region with 16 battery swap stations, connecting 14 cities in Shaanxi, Gansu and Shanxi.

Tesla sells record 100,291 China-made vehicles in Nov - CnEVPost This represents an 89.73 percent increase over the 52,859 vehicles sold in the same month last year and a 39.87 percent increase over the 71,704 vehicles sold in October.

Tesla Shanghai plant reportedly to cut production as demand falls short of expectations - CnEVPost The production cut at Tesla's Shanghai plant will take effect as soon as this week, a move estimated to likely reduce output by about 20 percent, according to Bloomberg.

BYD Nov sales breakdown: Song 64,145 units, Han 31,786 units - CnEVPost The BYD Yuan family sold 29,402 units in November, while the Qin family sold 28,320 units.

BYD Atto 3 best-selling model in Israel in Nov - CnEVPost The BYD Atto 3 sold 2,333 units in Israel in November, making it the best-selling of all models in the country.

WM Motor plans backdoor listing in HK to solve financial woes, report says - CnEVPost WM Motor plans a backdoor listing through a reverse takeover of Apollo Future Mobility Group, which is already listed in Hong Kong, according to local media.

VW suffers complaints in China due to on-board system failures in ID series EVs - CnEVPost Many owners have complained about the blackout of the onboard screens, frequent loss of network connectivity, and various fault codes randomly appearing in VW's ID series electric cars.

Gotion High-tech secures new lithium mining right in Jiangxi - CnEVPost Gotion High-tech was awarded the mining right for a period of five years, with a design production scale of 3 million tons per year.

Global EV battery market share in Oct: CATL 37.6%, BYD 16.2% - CnEVPost BYD returned to second place in the global power battery market in October, overtaking LG Energy Solution.

China's Nov wholesale sales of passenger NEVs hit record 732,000, CPCA estimates show - CnEVPost Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.