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CnEVPost Newsletter: XPeng Q3 earnings; BYD sodium-ion batteries; BMW i3 discounts
XPeng posts Q3 revenue of $960 million, up 19% year-on-year - CnEVPost — cnevpost.com XPeng expects fourth-quarter deliveries of 20,000 to 21,000 units, possibly suggesting that its December deliveries are expected to rebound to around 10,000 units.
XPeng Q3 earnings: Deutsche Bank's first look - CnEVPost XPeng delivered better-than-expected third-quarter operating results, accompanied by a slightly better-than-feared outlook.
XPeng co-founder Henry Xia resigns as board executive director - CnEVPost This is due to XPeng's recent organizational restructuring and personal matters, the company said in an announcement.
XPeng allows all orders placed before year-end to enjoy this year's subsidy - CnEVPost Orders with deposits paid by 24:00 on December 31 will continue to receive the same purchase subsidies as in 2022, XPeng said.
NIO reaches 100 swap stations in Shanghai - CnEVPost As of today, NIO's battery swap station network has completed its initial coverage of all districts in Shanghai.
BYD may launch new model with sodium-ion batteries in Q2 2023, report says - CnEVPost The BYD Seagull, which is expected to be launched in the second quarter of 2023, will be the first model with sodium-ion batteries and is expected to be priced as low as about $8,484, according to local media.
BYD to sell EVs in Mexico next year, aims for 10% share in long term - CnEVPost BYD hopes to sell 10,000 cars in Mexico in 2023 and 20,000 to 30,000 in 2024.
BMW dealers reportedly offering significant discounts for i3 buyers in China - CnEVPost BMW dealers are offering up to RMB 105,000 in discounts for i3 buyers in China, possibly to clear inventory ahead of new models' launch, according to local media.
CATL wins patent lawsuit against smaller rival CALB - CnEVPost CALB said that its products have adopted more advanced technologies and that its existing products will not be stopped for sale.
Lithium prices losing momentum to climb higher - CnEVPost Lithium carbonate prices have stopped rising for the first time in nearly 18 weeks, with buyers in a growing wait-and-see mood and sellers starting to loosen their offers.
Morgan Stanley expects lithium prices to see inflection point in 2023 - CnEVPost Morgan Stanley sees the price of lithium carbonate in China falling to $47,500 per ton in the second half of 2023, implying a 35 percent drop from the current spot.