CnEVPost Newsletter: Tesla cuts prices in China, reinstates owner referral program

Tesla cuts prices of Model 3 and Model Y in China - CnEVPost — cnevpost.com All versions of Tesla Model 3 and Model Y are priced lower in China, with the entry-level Model Y dropping below RMB 300,000 and eligible for purchase subsidies.

Tesla reinstates owner referral program in China - CnEVPost For Tesla owners, they can earn bonus points upon delivery if they refer a friend to buy a Tesla vehicle.

Tesla sees 24% of Q3 revenue come from China - CnEVPost The US remains Tesla's largest market, contributing 47.73 percent of revenue in the third quarter.

NIO to offer buy option in Europe starting Nov 21 - CnEVPost Delivery of the cars from the purchase option will begin in 2023.

Spy photos show XPeng testing new SUV that could be Model Y rival - CnEVPost The new SUV, which could be the XPeng G5, will be the model that the company previously mentioned would compete with the Tesla Model Y, according to local media.

BYD produces over 2 million solar modules in Brazil - CnEVPost In April, BYD opened a new photovoltaic module production line at its Brazil plant, allowing for increased productivity and efficiency.

Jidu sees 1st validation prototype of ROBO-01 roll off line - CnEVPost While vehicle hardware development is underway, Jidu has begun testing its assisted driving system in city and highway scenarios in Shanghai in October.

WM Motor reportedly cuts employees' salaries to ease financial strain - CnEVPost Starting in October, WM Motor is paying only 70 percent of normal salaries to regular employees and 50 percent to management, according to local media.

Former Huawei smart driving veteran Su Jing reportedly joins VW's JV with Horizon Robotics - CnEVPost Su Jing, a former Huawei executive and self-driving industry veteran, has joined Volkswagen's joint venture with Horizon Robotics, according to local media.

China's Oct retail sales of NEVs expected to be 550,000 units, CPCA says - CnEVPost In terms of retail sales, the penetration rate of NEVs in China is expected to be about 28.8 percent in October, down from 31.8 percent in September.