CnEVPost Newsletter: NIO increases registered capital of two subsidiaries; China monthly NEV sales exceed 300,000 for first time
NIO increases registered capital of two subsidiaries in Anhui by 50% - CnEVPost — cnevpost.com NIO (NYSE: NIO) increased the registered capital of one of its subsidiaries in Anhui Province by 50 percent from RMB 2 billion ($310 million) to RMB 3 billion.
XPeng P5, G3i enter China's vehicle purchase tax exemption list - CnEVPost XPeng Motors' (NYSE: XPEV) P5 sedan and G3i SUV models have entered the list of vehicles exempted from vehicle purchase tax in China, paving the way for the start of their official sales.
Tesla allows Model Y owners in China to pay to boost their vehicles' power - CnEVPost The information shows that the owner can shorten the vehicle's 0-100 km/h acceleration time from 5 seconds to 4.4 seconds by paying RMB 14,100 ($2,190).
Tesla opens new delivery center in Beijing, its largest in Asia with 101 delivery spaces - CnEVPost On the eighth anniversary of its entry into the Chinese market, Tesla is upping the ante here by opening a mega-delivery center.
Xiaomi reportedly plans to release first car in 2024, aims to sell 900,000 units in three years - CnEVPost Xiaomi's automotive business has big ambitions, with plans to launch its first model in the first half of 2024 and a new car in each of the following three years.
Chinese EV startup Neta says it will enter overseas markets, unveils first right-hand-drive model - CnEVPost Neta announced Friday that it will enter the new energy vehicle market of the ASEAN to compete in the worldwide industry and kick off its globalization journey.
SAIC unveils share buyback plan of up to RMB 3 billion after tepid stock performance - CnEVPost By Thursday's close, the company's shares were down 12 percent this year. BYD, by comparison, rose 40 percent in the same period.
Huawei's auto partner Sokon signs five-year deal with CATL to guarantee battery capacity - CnEVPost If an affiliation agreement is not signed in the current year, the default annual supply for the following year will be 10 GWh.
Chinese market regulator fines three auto chip dealers for price gouging - CnEVPost China's State Administration for Market Regulation (SAMR) fined three auto chip distributors a total of 2.5 million yuan ($400,000) for inflating the price of auto chips.
Analysts expect chip shortage to improve later this month - CnEVPost China's auto industry is expected to enter the inventory-raising phase, with manufacturers' production and wholesale volumes expected to pick up, the team said.
China's LFP battery installations extend its lead over ternary batteries in Aug - CnEVPost China's lithium iron phosphate (LFP) battery installed base surpassed ternary batteries for the first time this year in July, and that lead widened in August.
China's NEV sales exceed 300,000 units for first time in Aug, CAAM data show - CnEVPost China's NEV sales in August were 321,000 units, up 181.9 percent from a year ago and 18.6 percent from July.
Explainer: What is the difference between CPCA and CAAM's China auto sales data? - CnEVPost The trends presented by the two data are consistent most of the time, but sometimes they may be inconsistent or even differ.