CnEVPost Newsletter: NIO, XPeng, and Li Auto insurance registration comparison

What do June's insurance registrations say about NIO, XPeng, and Li Auto? - CnEVPost — cnevpost.com

For car companies, insurance registrations are data that more accurately reflect sales, and this data for NIO, XPeng Motors, and Li Auto in June reveals something interesting.

ES6 owner becomes first lucky winner to decide where NIO builds battery swap station - CnEVPost NIO started pushing the mystery box to owners on its app on July 7, and the 10 luckiest users got to decide the battery swap station construction area. Now the first lucky winner has appeared.

NIO puts two new battery swap stations into operation, bringing total to 310 - CnEVPost NIO's new battery swap station in Hangzhou is its third second-generation station in the region and the company's ninth there.

XPeng's Hong Kong stock added to Chinese mainland index - CnEVPost There are currently several funds in the China A-share market that track the index, meaning that XPeng's Hong Kong stock is expected to receive passive capital inflows from the mainland.

XPeng gets nearly HK$2 billion additional capital through over-allotment of shares in Hong Kong - CnEVPost The HKEx has approved the listing of the over-allotted shares and they will be available for trading starting at 9 a.m. on July 19.

SPDB International initiates coverage on XPeng HK stock with Buy rating - CnEVPost SPDB International initiated coverage on XPeng Motors' Hong Kong shares with a Buy rating, according to Sina.com.cn, which did not mention a target price.

Half of Tesla's sales in China come from cities with restrictions on car purchases - CnEVPost Tesla Model 3 sales in China in June were 45.7 percent from cities with restrictions on car purchases, and for the Model Y, that ratio was 52.2 percent, according to a July 15 report from Essence Securities.

Tesla to launch Supercharger station with solar energy storage in Shanghai on July 17 - CnEVPost Tesla China announced Thursday that it will launch a station with solar power, energy storage and supercharging capabilities in Shanghai on July 17.

BYD to establish battery production base in northeastern Chinese city Changchun - CnEVPost BYD, the government of Changchun City in northeast China's Jilin Province and FAW Group signed an agreement on Wednesday for the new energy vehicle maker to establish a power battery production base in Changchun.

BYD sets up new firm in Shenyang, with business scope including battery sales - CnEVPost BYD established a new company in Shenyang, North China's Liaoning province on Wednesday, following the establishment of a new company in Hefei, Anhui province on July 12.

CATL signs deal with Chinese city to establish another headquarters - CnEVPost In addition to the new headquarters, CATL will also work with Yibin to build a production base, an industrial ecosystem, an international training center, a new energy academy and a new energy industry fund.

WM Motor to launch its first sedan, M7, within the year - CnEVPost The car will have powerful self-driving hardware with multiple LiDARs and 500-1000 TOPS of computing power.

Leap Motor's plant gets vehicle production qualification - CnEVPost Leap Motor said Wednesday that its plant in Jinhua, Zhejiang province, has been qualified to produce new energy vehicles. That means the company's products can be produced under the name Leap Motor, rather than its OEM.

Leap Motor's flagship SUV C11 to go into mass production in October - CnEVPost Leap Motor founder Zhu Jiangming said the company is confident in its self-driving technology and expects to achieve full-scene autonomous driving by 2024 and surpass Tesla within three years.

Enovate ME5 with extended-range technology launched, priced from $23,200 - CnEVPost The Enovate ME5, a compact SUV with extended-range technology, was launched on July 13, with two versions priced at 149,900 RMB ($23,200) and 159,900 RMB respectively.

Leap Motor closes over $700 million Pre-IPO round of financing - CnEVPost Leap Motor will likely file for an IPO in the second half of this year and is expected to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, in late 2021 or early 2022.

China's NEV penetration rate hit record high of 15% in June - CnEVPost That's up 3 percentage points from May and up 7 percentage points from 8 percent in January. The ratio was 11 percent in the first half of this year, an increase of 5 percentage points from 2020.