CnEVPost Newsletter: Li Auto says Covid had big impact on April production; BYD teases interior design of Seal
Li Auto apologizes for delivery delays, says Covid had big impact on April production - CnEVPost — cnevpost.com Li Auto said it is actively working with supply chain companies to restore capacity in an effort to keep delivery delays to less than three weeks.
Tesla sells used cars at higher prices than new cars on its China website - CnEVPost Tesla's Chinese website sells a used Model 3 as well as a used Model Y for a price higher than the price of a new car with the same specifications.
BYD teases interior design of Seal - CnEVPost The images released by BYD show a clean design with a large center screen and a slightly smaller instrument screen inside the car.
BYD's auto business has passed its most stressful time, net profit will improve quarter by quarter, analysts say - CnEVPost BYD's net profit will continue to improve every quarter going forward as lithium carbonate prices fall and model price increases bring profit flexibility, CITIC Securities said.
BYD Semiconductor unveils new MCU chip for vehicles - CnEVPost From windows and seats, to body control and engine control, every innovation in automotive electronics has to be realized through the computing and control functions of MCU chips.
CATL shares plunge as investors worry about rising costs affecting profits - CnEVPost Rumors surfaced yesterday that CATL may post earnings of less than RMB 5 billion in the first quarter, falling short of market expectations.
EV battery maker Gotion signs supply deal with Geely's commercial vehicle division - CnEVPost Gotion will supply power cell products to Geely New Energy Commercial Vehicle Group from 2022 to 2024, with an estimated total of 126,000 units.
Huawei-backed AITO to raise prices of first model M5 next month - CnEVPost AITO Wenjie M5 retail sales in March were 3,045 units, according to data released by the CPCA earlier this month.
Alibaba-backed DeepRoute unveils new Robotaxi fleet with self-driving kit costing less than $10,000 - CnEVPost DeepRoute-Driver 2.0 currently costs less than $10,000, and the cost of the self-driving system could be reduced by another 70 percent after large-scale partnerships with automakers.
Covid's impact on China's auto industry expected to continue into May and result in 20-40% production loss, CPCA says - CnEVPost In the first two weeks of April, Chinese passenger vehicle wholesale sales averaged 24,000 units per day, down 44 percent year-on-year and down 48 percent from the average for the first two weeks of March.