CnEVPost Newsletter: NIO ET7 gets 5-star rating from Euro NCAP; BYD sees 3 millionth NEV roll off line

NIO ET7 scores five stars in Euro NCAP and Green NCAP ratings - CnEVPost — cnevpost.com The NIO ET7 scored second only to the Tesla Model S and the Model Y in Safety Assist, with the latter two models both scoring 98 percent in this area.

NIO ET7 wait time further reduced to 3-5 weeks - CnEVPost Faster deliveries may indicate that supply chain conditions are allowing NIO to ramp up capacity so that more consumers can access purchase subsidies that are due to expire at the end of the year.

XPeng adjusts benefits offered to consumers, denies price cuts - CnEVPost Although XPeng has not directly adjusted the prices of its models, the discounts to some extent amount to a price cut in disguise, local media said.

XPeng-backed LiDAR maker Zvision closes Series C funding round - CnEVPost Zvision closes tens of millions of dollars in Series C funding, raising nearly $100 million this year.

BYD sees its 3 millionth NEV roll off line - CnEVPost It took BYD 13 years to see its first 1 million NEVs produced, and an additional year and a half to see the number go from 1 million to 3 million.

BYD to launch extra new brand besides Yangwang, chairman says - CnEVPost NIO hopes to enter the mass market with two sub-brands, while BYD will enter the premium market with two new brands.

Man ordered to apologize and pay damages to Tesla for defamation - CnEVPost A Chinese court has ordered the man to publicly apologize to Tesla in a newspaper and pay compensation of 10,000 yuan.

Mercedes-Benz slashes EQ series prices in China by up to $33,740 - CnEVPost Despite the steep price cuts, industry watchers remain pessimistic about the performance of the Mercedes-Benz EQ series in China.

China has exempted about $10 billion in purchase taxes on NEVs so far this year - CnEVPost As of November 10, a total of 4.48 million NEVs has been sold in China this year, up 78.1 percent year-on-year.

US regulators get 'good access' in reviewing Chinese firms' audits, report says - CnEVPost This is a key step in resolving a long-running bilateral dispute, a Reuters report said.