CnEVPost Newsletter: NIO's 2nd plant gets major progress in construction
NIO's 2nd plant gets major progress in construction, expected to start production in Sept next year - CnEVPost — cnevpost.com The built plant is expected to be handed over to NIO for the installation of production equipment by the end of November.
While Tesla, NIO gain, fuel luxury cars retreat across the board in China - CnEVPost Year-on-year sales performance in Sept: Tesla Model 3 up 68.8%, NIO ES6 up 63.9%, NIO EC6 up 21087.5%, while BMW 5 Series down 21.3%, Mercedes-Benz E-Class down 52.6%, Audi A4 down 53.4%.
NIO Capital invests in local energy storage system integrator - CnEVPost NIO Capital said the energy storage industry is exploding and is bullish on Hyper Strong's extensive experience as a provider of energy storage system solutions.
BOC International initiates coverage on XPeng with Buy rating and $50 price target - CnEVPost The team believes XPeng is expected to differentiate itself in the smart electric vehicle era through rapid software iteration and seamless integration with hardware.
BYD surges over 5% in Shenzhen as it maintains top-selling NEV brand in China in Sept - CnEVPost BYD's wholesale sales reached 70,432 units in September, ahead of Tesla China's 56,006 units, the CPCA data showed.
Deutsche Bank raises its forecast for BEV sales in China to 2.5 million units this year - CnEVPost NEV penetration in China has come in at about 20 percent, which Deutsche Bank analyst Edison Yu believes indicates a continued acceleration in the adoption curve.
Hongguang Mini EV sales reached 35,169 units in Sept, up 75% year-on-year - CnEVPost The Wuling Hongguang Mini EV has sold more than 400,000 units cumulatively since deliveries began in July last year.
Chinese users' satisfaction with NEVs on par with fuel vehicles for first time, survey shows - CnEVPost All three NIO models are among the top three in terms of customer satisfaction with pure electric midsize and large SUVs.
China's NEV fleet reaches 6.78 million units, 2.28% of total vehicles - CnEVPost When will China's new energy vehicles become saturated? The latest data suggests that point may still be quite far away.