CnEVPost Newsletter: NIO ET5 among best-selling premium sedans; XPeng to report Q3 earnings on Nov 30
NIO ET5 makes top 10 list of best-selling premium sedans in China for 1st time - CnEVPost — cnevpost.com October was the first full delivery month for the ET5. Deliveries of the model began on September 30, with 221 units delivered in September.
Horizon Robotics CEO says NIO's new brand will use its chips - CnEVPost Horizon Robotics entered into a partnership with NIO last week that will see one of the latter's new brand's models use its products, the chipmaker's CEO Yu Kai said.
XPeng to report Q3 earnings on Nov 30 - CnEVPost XPeng delivered 29,570 vehicles in the third quarter, up 15.21 percent from the same period last year and down 14.10 percent from the second quarter.
Tesla Oct sales in China: Model Y at 14,391, Model 3 at 2,809 - CnEVPost Tesla produces new vehicles in the first half of each quarter primarily for export, and October's numbers continue that pattern.
New Model S and Model X to begin touring Tesla showrooms across China on Nov 17 - CnEVPost Tesla is ramping up marketing for the Model S and Model X in China, even though they haven't seen new vehicle deliveries here in the past two years.
Deutsche Bank on China NEV sales: Secular shift intact despite weak consumer sentiment - CnEVPost Edison Yu's team expects China NEV sales momentum to pick up in November and December, when a host of new models should drive sales to new highs and NEV subsidies are poised to exit.
CITIC Securities expects China to sell 9 million NEVs next year, sees limited impact of subsidy withdrawal - CnEVPost For most of the best-selling electric vehicle models, the amount of subsidies as a percentage of the selling price is only 4-11 percent this year, CITIC Securities said.
No price cut wave in China's EV industry after Tesla move, CPCA's Cui says - CnEVPost The CPCA secretary general said automakers would be in an awkward position to raise prices next year after cutting them at the end of this year, which would be bad for sales activity.
Changan chairman calls for regulatory efforts to bring down raw material costs for NEVs - CnEVPost China should launch a crackdown on the profiteering of some players and stop some companies from hoarding and speculating on raw materials, according to the chairman of Changan.
Audi's 1st charging stations in China to come online within this year - CnEVPost The first Audi charging stations in Beijing, Shanghai, Guangzhou and Shenzhen will soon be in operation.