CnEVPost Newsletter: NIO gets another Buy rating; Tesla China sales explode
CITIC Securities initiates coverage on NIO with Buy rating and $45 price target - CnEVPost — cnevpost.com
CITIC Securities believes that the low- and mid-end EV market is highly competitive, while the high-end market in which NIO is present has fewer players and huge room for growth.
NIO's energy replenishment facility tracker - CnEVPost As of October 12, NIO has 535 battery swap stations and 382 superchargers in China providing 2,348 charging piles.
XPeng begins to warm up for its Tech Day to be held on Oct 24 - CnEVPost XPeng is expected to announce more information about its flying car, replenishment facilities and the City NGP.
BMW delivered 32,000 NEVs in China in Jan-Sept, half of NIO - CnEVPost In the past four months alone, NIO's deliveries reached 32,522 vehicles, comparable to BMW's NEV sales in the first nine months.
Tesla China's wholesale sales reached 56,006 units in Sept, up 394% from a year earlier - CnEVPost China-made Tesla vehicles sold 52,153 units in China in September, compared to 3,853 units exported.
Owner ordered to pay Tesla about $7,750 for falsely claiming brake failure - CnEVPost
The crash occurred on August 12, 2020, when the owner was driving a Model 3 that crashed into a dozen cars before coming to a stop.
Tesla, NIO supplier CATL to build $5 billion recycling facility for used battery materials - CnEVPost The investment will be used to build a site to recycle used battery materials and produce materials including lithium iron phosphate.
China's NEV sales expected to top 3 million units this year, CAAM official says - CnEVPost The forecast is safe because if NEV sales exceed 300,000 units in each of the remaining three months, sales will exceed 3 million units for the year.
Leap Motor reportedly considering $1 billion HK IPO - CnEVPost Leap Motor was founded in 2015 and aims to gain a 10 percent market share of China's new energy vehicle market by 2025.
JAC sold 14,400 EVs in Sept, up 163% from a year earlier - CnEVPost
The sales figure should include NIO's vehicles, which sold a record 10,628 units in September.
China NEV sales reached 357,000 units in Sept, up 148% year-on-year, CAAM data show - CnEVPost Sales of pure electric vehicles reached 296,000 units, up 1.5 times year-on-year.
China passenger NEV retail sales exceed 300,000 units for first time in Sept - CnEVPost
Wholesale sales of new energy passenger vehicles in China reached 355,000 units in September, the second month in a row to exceed 300,000 units.
LFP battery installations in China continue to extend lead over ternary batteries in September - CnEVPost In the first nine months, China's power battery installed base was 92.0 GWh, up 169.1 percent year-on-year, with ternary batteries still taking the lion's share.
Commodity price hikes, power crunch have more serious impact on automakers than chip shortages, GAC Aion exec says - CnEVPost
The price of lithium carbonate was RMB 70,000 ($10,850) per ton last year, but now it has risen to RMB 270,000.