CnEVPost Newsletter: Tesla's price cut; NIO's ET5 recall

Jan 6, 2023

Tesla sharply cuts prices of entire Model 3 and Model Y lineup in China

Tesla has cut the prices of its entire Model 3 and Model Y lineup by as much as 48,000 yuan in China to boost demand in the world's largest EV market.

Tesla's cost-based pricing is reason behind price cut in China, exec says

A Tesla executive says the price cut is due to the company's good cost control and a government call, but apparently, the more important reason is weak demand.

Tesla announces prices for new Model S and X in China, deliveries will both begin in Q2

The Model S starts at RMB 789,900 ($115,000) in China and the Model X at RMB 879,900.

XPeng most vulnerable to Tesla price cut among Chinese EV trio

By the close of trading, XPeng was down 6.82 percent in Hong Kong, Li Auto was down 6.55 percent and NIO was down 4.03 percent.

NIO recalls 997 ET5s due to risk of high-voltage wiring harness breakage in crashes

Some of the ET5 vehicles included in the recall are at risk of having their high-voltage wiring harnesses break and short-circuit in a severe head-on collision.

Mobileye begins autonomous driving tests in Germany with NIO ES8

The NIO ES8, equipped with Mobileye's self-driving hardware and software, is planned for use in a robotaxi service and to integrate on-demand shuttles into local public transportation in Germany.

BYD starts construction of new $1.5 billion battery base

The first phase of the project, with an investment of RMB 5 billion, is expected to start production in December.

Announcing EV sales figures becomes war: Here's how it originated, and what Dec numbers tell

NIO reported the first ever monthly delivery update on October 15th 2018. It then evolved the infographic to the next level.

Zeekr aims to double sales to about 140,000 vehicles in 2023

Zeekr plans to start selling vehicles in Europe later this year and is not planning to enter the US consumer market.

Xiaomi working on two models, 1st model to take on Tesla Model 3, report says

Xiaomi's first model will compete with Tesla's Model 3 sedan, but is stronger in size, and performance and similarly positioned to the XPeng P7, according to local media.