CnEVPost Newsletter: NIO added over 10k orders in Oct; Elon Musk shares Chinese poem on Twitter

NIO president says EV maker added over 10k orders in Oct, didn't suffer chip shortage for the month - CnEVPost — cnevpost.com Qin Lihong said in an interview that NIO's order count has exceeded 10,000 for several months in a row.

NIO president says production line worked at full capacity for only 10 days in October - CnEVPost "There were not enough vehicles that could be used for deliveries, which is not a big deal," Qin Lihong said.

NIO offers lower down payment options for its used car buyers - CnEVPost NIO has begun offering its used car buyers a minimum down payment of 15 percent, lower than the 30 percent minimum option previously offered by local banks.

NIO opens new charging line in Northeast China under Power Up Plan - CnEVPost NIO has opened at least 10 charging lines under the Power Up Plan this year.

XPeng to report Q3 earnings on Nov 23 - CnEVPost Deutsche Bank's Edison Yu's team expects XPeng to record revenue of RMB 5.63 billion in the third quarter.

XPeng begins public testing of system similar to driver's license points to prevent users from abusing assisted driving features - CnEVPost XPeng users will be given an initial 100 points, which will be deducted if they are found to be abusing assisted driving.

Elon Musk shares Chinese poem on Twitter, and this is what it means - CnEVPost Poetry was often used by ancient Chinese literary scholars to express their emotions, and now Tesla CEO Elon Musk has done the same.

Elon Musk gets thousands of donations on Weibo for Chinese poem he shared on Twitter - CnEVPost The world's richest man received thousands of donations from Chinese Internet users for an ancient Chinese poem.

Tesla inks three-year deal with world's largest lithium supplier - CnEVPost Founded in 2000, Ganfeng Lithium has production capacity for more than 40 lithium compounds and lithium metal products.

Volkswagen ID. family sold 12,736 units in China in Oct, up 25.8% from Sept - CnEVPost Volkswagen ID.3 deliveries in China reached 1,255 units in the first week of its launch.

Leap Motor delivered 3,654 vehicles in Oct, up 256% from a year earlier - CnEVPost Leap Motor's deliveries in October fell about 11 percent from September, which the company blamed on a chip shortage and power crunch in China.

Dongfeng Motor's premium EV brand Voyah delivered 1,006 units in Oct, up 11% from Sept - CnEVPost Since deliveries began in August, Voyah's cumulative deliveries have reached 2,322 units.

US EV startup Fisker signs battery supply deal with China's CATL - CnEVPost CATL will supply Fisker with more than 5 GWh of capacity annually from 2023-2025.