CnEVPost Newsletter: NIO to build plant for sub-brand models at NeoPark

NIO to build plant for sub-brand models at NeoPark, plans to start production in 2024 - CnEVPost — cnevpost.com Hefei Economic Development Zone and NIO signed a cooperation agreement on NeoPark Phase II and key components projects.

Li Auto reports Q1 revenue of RMB 9.56 billion, beating estimates - CnEVPost Li Auto's guidance for second quarter deliveries is 21,000-24,000 vehicles, meaning it expects 16,833-19,833 combined deliveries in May and June.

Tesla sells only 1,512 China-made vehicles in April, produces 10,757 - CnEVPost Wholesale sales of Tesla's China-made vehicles fell by 64,302 units, or 97.7 percent, in April compared with 65,814 units in March.

Tesla reportedly suspends production at Shanghai plant again due to supply issues - CnEVPost Among Tesla's suppliers facing problems is wiring harness maker Aptiv after an infection was found among its employees, according to the report.

EV stocks plunge in Hong Kong as overall market moves lower - CnEVPost It's another sell-off unrelated to the fundamentals of these companies, as investors worry about the prospect of aggressive interest rate hikes by the Federal Reserve.

Denza, BYD's JV with Mercedes-Benz, to launch MPV model D9 on May 16 - CnEVPost The Denza D9 MPV will be available in a pure electric EV version as well as a DM plug-in hybrid version.

Great Wall Motor's Ora brand sells 3,088 vehicles in April, down 78% from March - CnEVPost In the January-April period, Ora sales were 36,842 units, down 3.5 percent from 38,159 units in the same period last year.

China's wholesale sales of passenger NEVs in April falls 38.5% from March, CPCA data show - CnEVPost The penetration of NEVs in wholesale sales in April was 29.6 percent, up from 25.1 percent in March.