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CnEVPost Newsletter: NIO to build new industrial park in Anhui; BYD's market cap exceeds RMB 1 trillion
NIO to build parts industrial park in Lu'an, Anhui province with local government - CnEVPost — cnevpost.com The first phase of the park is scheduled to be completed in the first half of 2023 and will have an annual capacity of 300,000 tons of aluminum die-casting.
NIO ET7 in top 10 best-selling premium sedans in China for second consecutive month - CnEVPost The NIO ET7 ranked ninth in China's top premium sedan sales in May, moving up one spot from its first full delivery month in April.
Deutsche Bank's first look at NIO's Q1 earnings - CnEVPost "We continue to believe NIO can exit 2022 at around a 25,000 monthly deliveries run-rate," said Edison Yu's team.
NIO's battery swap network covers major highway from Beijing to Kunming - CnEVPost As of June 10, NIO had 964 battery swap stations in China, 247 of which are located along highways.
BYD's market cap reaches RMB 1 trillion - CnEVPost A series of catalysts are driving BYD's rally, with its shares up about 50 percent cumulatively since May 10.
BYD's Denza brand expanding aggressively as it works to build 76 stores across China - CnEVPost Months after BYD decided to increase its stake in Denza, its joint venture with Mercedes-Benz, to 90 percent, the brand is moving ahead at a rapid pace in its new product planning and offline store construction.
Tesla rumored to participate in subscription for Chinese lithium giant Tianqi's Hong Kong listing - CnEVPost Previously BYD has made a strategic investment in another Chinese lithium producer, Chengxin Lithium, and signed a lithium procurement contract with it.
Tesla delivers 3,950 Model 3 and 5,875 Model Y vehicles in China in May - CnEVPost Tesla's Shanghai plant produced 33,544 vehicles in May, with 22,340 of those vehicles being exported.
Tesla's 35,000th Supercharger worldwide installed in central Chinese city Wuhan - CnEVPost This comes seven months after Tesla installed its 30,000th Supercharger worldwide.
CATL's share in China's power battery market rebounds in May while BYD declines - CnEVPost CATL and BYD's share of the China power battery market returned to their respective normal levels in May, after a Covid disruption in April narrowed their gap significantly.
SAIC-GM-Wuling to unveil first model to use DJI's smart driving system - CnEVPost The model could be based on the Baojun KiWi EV and equipped with DJI's D80/D80+ smart driving system.
China's NEV sales up 49.6% in May from April, CAAM data show - CnEVPost China's auto industry as a whole still reported lower sales in May compared to a year ago, despite an improvement from April.