CnEVPost Newsletter: JPMorgan raises its position in NIO in Q4; Tesla sells 59,845 China-made vehicles in Jan

JPMorgan raises its position in NIO, cuts XPeng and Li Auto in Q4 - CnEVPost — cnevpost.com JPMorgan Chase increased its holdings in NIO by about 6 million shares, or 378 percent, compared with the end of the third quarter.

BlackRock boosts holdings in NIO and Li Auto in Q4, cuts XPeng slightly - CnEVPost BlackRock increased its holdings in NIO by 2,412,164 shares and Li Auto by 1,851,864 shares, while decreasing its holdings in XPeng by 425,701 shares in the fourth quarter.

Chinese hedge fund Greenwoods increases position in XPeng and Li Auto in Q4 - CnEVPost Greenwoods also bought an initial 14,285 shares of Tesla during the fourth quarter worth about $15 million. It does not hold any shares of NIO.

Tesla China sells 59,845 units in Jan, up 286.5% year-on-year - CnEVPost That includes 40,499 units for export and 19,346 units for Tesla's retail sales in China.

Tesla may build new plant in northeastern Chinese city of Shenyang - CnEVPost The city of Shenyang will lay the groundwork for major NEV projects, including Tesla's, an official WeChat account for Liaoning province said in an article Saturday.

Tesla denies it has plans to build new factory in Shenyang - CnEVPost Tesla China sources say reports that Tesla's second factory in China will be located in Shenyang's Dadong District are false.

Tesla reportedly to finalize site for second plant in China in 2023 - CnEVPost Tesla will start looking for a site for its new factory in China this year, with the exact location to be determined in 2023, according to local media.

BYD said to have secured Tesla's battery order for 204,000 vehicles per year - CnEVPost BYD's batteries for Tesla will begin mass production in March, and Tesla cars with the blade batteries are expected to hit the market in the second quarter, the latest rumor says.

BYD files for Metaverse trademark - CnEVPost Several companies, including NIO, XPeng and Li Auto, are in the process of applying for the Metaverse trademarks.

CATL sues rival Svolt Energy, alleging unfair competition - CnEVPost Nine former CATL employees joined two affiliated companies of Svolt Energy, and CATL believes that the individuals violated their non-compete agreements, according to local media.

CATL says it has reported to police in response to 'series of malicious rumors' - CnEVPost A series of malicious rumors about CATL being sanctioned by the US, being removed from the ChiNext index, and failed negotiations with Tesla have sparked market misunderstandings, it said.

Mercedes-Benz's EQE sedan appears on regulatory list for comment in China - CnEVPost The Mercedes-Benz EQE will be the German automaker's next electric sedan to be introduced to China after the EQS.

Premium Chinese EV brand HiPhi sells 550 units in Jan, down 40% from Dec - CnEVPost HiPhi's only model currently on sale, the HiPhi X, has a starting price of RMB 570,000 ($90,000).

NIO's OEM JAC sells 15,536 EVs in Jan, up 89% year-on-year - CnEVPost JAC sold 51,558 units of all models in January, down 10.6 percent from 57,697 units in the same month last year.

Lithium price surge won't have much impact on China's NEV industry, says CPCA chief - CnEVPost The global lithium battery shortage will gradually dissolve as technology improves and capital is invested in huge amounts, he said.

WeChat now available for 15 carmakers' models, including Li Auto - CnEVPost Tencent's earnings report showed that WeChat had 1.26 billion users worldwide.

Great Wall Motor's Ora brand sells 13,229 vehicles in Jan, up 29% year-on-year - CnEVPost Ora's main model, the Good Cat, sold 9,020 units in January, up 333 percent year-on-year.

China's Jan wholesale sales of passenger NEVs at 412,000 units, up 140% year-on-year - CnEVPost This was down 18.5 percent from December, which the CPCA said was consistent with the characteristics of the same month last year.