CnEVPost Newsletter: NIO shipping ET5s in China; Buffett sells more BYD shares

NIO spotted shipping ET5s in China, first deliveries to begin Sept 30 - CnEVPost — cnevpost.com The NIO ET5 will be available in showrooms starting September 9 and will begin allowing consumers to lock in their orders, with its open test drive coming after that date.

Nvidia says it got US permit to export key chips in updated filing - CnEVPost The US government authorized A100 and H100 order fulfillment and logistics through the company's Hong Kong facility through September 1, 2023, Nvidia said.

China FAW said to use self-driving chips from local maker Cambricon - CnEVPost Cambricon's first self-driving chip has been taped out and is expected to be in mass production later this year, according to local media.

BYD sells 174,915 NEVs in Aug, another record high - CnEVPost BYD's vehicle deliveries in August were impacted by power constraints and Covid outbreaks. The company is aiming for 280,000 units of monthly deliveries by the end of the year.

BYD Aug sales breakdown: Song 42,500 units, Qin 39,512 units - CnEVPost BYD's flagship Han family of sedans sold 26,003 units in August, while the flagship Tang family of SUVs sold 10,815 units.

BYD's order backlog reaches 700,000 units, aims for 280,000 monthly deliveries by year-end - CnEVPost The latest US subsidy bill is discriminatory, and if the US government insists on this policy, BYD will consider temporarily abandoning the US market.

Buffett sells additional 1.7 million BYD shares after first move late last month - CnEVPost Berkshire reduced its stake in BYD to 18.87 percent on September 1 after cutting its holdings by 1.176 million BYD H shares.

China EV sales: Better than feared but new concerns emerging - CnEVPost The delivery numbers themselves don't have any major negative surprises, but other developments are hurting stocks, including the Nvidia chip ban and the Chengdu Covid lockdown.

Xiaomi's first model will be LiDAR-equipped sedan, report says - CnEVPost Xiaomi founder Lei Jun is convinced that the endgame of competition in the EV industry is autonomous driving, and that LiDARs are the key sensors to achieve high-level autonomous driving.

China waives about $6 billion worth of NEV purchase taxes in Jan-July - CnEVPost China's policy is expected to exempt about RMB 100 billion of NEV purchase taxes next year.