CnEVPost Newsletter: NIO's Q2 revenue beats estimates, reveals latest business progress on call

NIO's Q2 revenue beats expectations while losses widen - CnEVPost — cnevpost.com NIO's guidance of 31,000-33,000 vehicle deliveries for the third quarter means it expects September deliveries of 10,271 to 12,271.

NIO's Q2 earnings call: Significant delivery ramp-up expected in Q4; 150-kWh battery delayed - CnEVPost NIO expects record deliveries in each month of the fourth quarter, while mass production of the 150-kWh pack will be delayed by several months.

Insurance registrations: NIO sells 2,882 vehicles in 1st week of Sept, XPeng 1,849, Li Auto 1,554 - CnEVPost NIO continued to outsell its local counterpart XPeng and Li Auto in the first week of September, as deliveries of its new models began to see a steady rise.

Tesla further cuts wait times for nearly all models in China by 6 weeks - CnEVPost With the exception of the entry-level Model Y, which has a wait time of 1-4 weeks, Tesla has further reduced the expected delivery dates for all of its models in China by 6 weeks.

CATL moves up Qilin Battery's mass production shipments to year-end, report says - CnEVPost CATL has moved up the mass production shipments of the Qilin Battery to the end of this year instead of the previously mentioned 2023, according to local media.

Jidu to unveil limited edition of its first model in Oct - CnEVPost Jidu plans to launch a limited edition of its first model in partnership with the Chinese Lunar Exploration Program, with a limited number of 1,000 units and exclusive rights for owners.

Honda to form new JV in China for more efficient battery supply from CATL - CnEVPost The new joint venture will handle battery procurement for Honda's two joint ventures in China, instead of the two companies buying batteries from CATL separately as they did before.

China's NEV sales expected to exceed 10 million in 2023, analysts say - CnEVPost This would include 6.99 million BEVs and 3.37 million PHEVs, according to a team of local analysts.