CnEVPost Newsletter: XPeng earnings beat; Tesla begins deliveries of Model Y Standard Range
XPeng reports Q2 revenue of RMB 3.76 billion, above expectations - CnEVPost — cnevpost.com Xpeng Motors reported revenue of RMB 3.761 billion in the second quarter, beating market expectations of RMB 3.436 billion.
Here's what you need to know from XPeng's Q2 earnings call - CnEVPost As the Zhaoqing factory further releases capacity, XPeng is expected to reach 15,000 units delivered in a single month in the fourth quarter.
XPeng CEO expects China's EV market to enter new fast track - CnEVPost The penetration rate of electric vehicles is generally more than 15 percent in first-tier cities, meaning customer acceptance of EVs is on the rise, He said.
Chinese regulator invites NIO, CATL, BYD to conference on supporting development of NEVs - CnEVPost They made suggestions around supporting the accelerated development of the industry and the achievement of the carbon-neutral goal of the automotive industry's carbon peak.
NIO's new battery swap station with Sinopec opens in Dalian, bringing total to 391 - CnEVPost — cnevpost.com The station in Dalian is the latest battery swap station that we have seen built by NIO and Sinopec after Beijing, Taiyuan and Shijiazhuang.
Tesla and NIO supplier CATL reports 131% year-over-year increase in H1 net profit - CnEVPost CATL's stock traded in Shenzhen was up over 5 percent at the opening, but has now turned down.
Tesla begins deliveries of Model Y Standard Range in China - CnEVPost — cnevpost.com The first Model Y Standard Range models were delivered to customers in Beijing on August 26, a month and a half after the model opened for pre-orders on July 8.
Tesla updates app in China, redesigns interface and brings online store - CnEVPost The update became available in Apple's iOS App Store in China on August 26, and the biggest change that can be seen after the update is that the entire user interface has been redesigned.
Tesla Model 3 becomes first EV to sell over 1 million units - CnEVPost — cnevpost.com Global deliveries of the Tesla Model 3 have reached 1,031,588 by the end of the second quarter, making it the first EV to sell more than 1 million units.
Xiaomi says DeepMotion acquisition aims to shorten time for its self-driving cars to hit market - CnEVPost "Driverless technology is actually at the heart of smart electric vehicles. We are determined to be deeply involved and hope to shorten the time to market for our self-driving cars with this acquisition."
BYD gears up for its expanded presence in battery sector by setting up new firms - CnEVPost In addition to the rapid growth in new energy vehicle production, BYD is also accelerating its expansion in the power battery sector.
Hainan issues first self-driving open road test license to Hongqi E-HS3 - CnEVPost Traditional Chinese car companies are stepping up efforts to catch up with new car makers, including XPeng Motors and NIO, in self-driving technology.
Baidu Apollo launches self-driving routes in Beijing's Tongzhou District - CnEVPost Tongzhou was turned into the Beijing Municipal Administrative Center to restructure the spatial pattern of Beijing. It covers a total area of about 155 square kilometers.
SAIC reports revenue of $55 billion in H1, up 30% year-over-year - CnEVPost SAIC's first-half net profit attributable to shareholders of the listed company was RMB 13.31 billion, up 58.61 percent year-over-year.
Guangdong NEV production up 204.8% year-over-year in Jan-July - CnEVPost From January to July, the value-added of the automobile manufacturing industry in Guangdong grew 20.7 percent year-over-year.
China ranks No. 1 in EV sales for 6th consecutive year, report says - CnEVPost The MIIT released its annual report on the development of China's automotive industry (2021) on Thursday, the first of its kind.