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CnEVPost Newsletter: NIO ET7 becomes 10th best-selling premium sedan in China in April
NIO ET7 becomes 10th best-selling premium sedan in China in first full delivery month - CnEVPost — cnevpost.com The Mercedes-Benz C-Class was No. 1 with 10,648 units sold, but down 34.1 percent from a year ago.
NIO expects to list in Singapore on May 20 - CnEVPost NIO's Singapore listing will make it the first EV maker in the world to list in three venues.
Deutsche Bank's first look at Li Auto's Q1 earnings - CnEVPost Li Auto reported solid Q1 results while Q2 guidance was somewhat soft given uncertainty around the Covid recovery cadence.
Tesla's Shanghai plant sees first vehicle exports since resuming production - CnEVPost The Glovis Splendor vehicle carrier with 4,767 Tesla vehicles departed from Shanghai's Nangang terminal to the Port of Koper in Slovenia.
Tesla Model Y remains best-selling premium SUV in China in Jan-April, even though sales near 0 last month - CnEVPost Tesla Model Y sales in China were 960 units in April, down 98 percent from 39,730 units in March.
Elon Musk confirms Tesla will expand Shanghai plant - CnEVPost China is the world's largest market for new cars and electric vehicles and will account for 25 or 30 percent of Tesla's total business in the long run, Musk said.
BYD significantly narrows gap with CATL in China's EV battery market in April - CnEVPost BYD's share reached 32.2 percent in April, narrowing the gap to 6.1 percentage points from CATL's 38.3 percent share.
Leapmotor unveils C01 sedan with cell to chassis technology - CnEVPost The Leapmotor C01 is a sedan over 5 meters in length with a pre-sale price range of RMB 180,000 ($26,770) - 270,000.
EV stocks soar in Hong Kong as broader market recovers - CnEVPost As of press time, NIO was up 5.29 percent, XPeng was up 5.79 percent, Li Auto was up 9.88 percent and BYD was up 6.05 percent.
HiPhi sells 316 units in April, down 31% from March - CnEVPost HiPhi X has accumulated nearly 6,000 deliveries and sold at an average price of nearly RMB 700,000 ($103,950), it said.
China's April NEV sales at 299,000 units, down 38% from March, CAAM data show - CnEVPost Compared to the NEV market, China's overall auto market performed worse in April, with sales down 47.1 percent from March.