CnEVPost Newsletter: NIO sees first milestone in ET5 production, gears up to enter Denmark

NIO sees first ET5 prototypes for production line validation roll off line - CnEVPost — cnevpost.com The NIO ET5 took one and a half months from being unveiled to seeing the first prototypes for production line validation roll off the line, compared to four months for the ET7.

NIO gears up for Denmark entry as it joins local car importers association - CnEVPost NIO has become a member of the Danish Car Importers Association, the first move we've seen from the company in the country.

NIO completes repurchase right offer for its convertible senior notes due 2024 - CnEVPost None of the noteholders have exercised their repurchase rights and no notes have been surrendered for repurchase, according to a statement from NIO.

XPeng reportedly expects to deliver 13,000 vehicles in Jan, aims for 250,000 units this year - CnEVPost XPeng expects to deliver about 9,000 units in February, and deliveries in March are expected to pick up to about 16,000 units on par with last December, according to local media.

XPeng plans to replace CATL's batteries with CALB because their prices have risen too much, report says - CnEVPost XPeng will gradually replace the power cells originally supplied by CATL with those of CALB, as the price of CATL's products has risen too much, according to local media.

Ping An Securities initiates coverage on XPeng with 'Recommend' rating, expects it to turn profitable in 2024 - CnEVPost This means the team sees XPeng outperforming the overall market by 10-20 percent within the next six months.