CnEVPost Newsletter: XPeng sees spike in orders; Deutsche Bank expects China BEV sales to reach 5m next year
XPeng reportedly secured over 3,000 single-day orders on Sunday as purchase benefits set to shrink - CnEVPost — cnevpost.com This is largely due to the fact that XPeng's car purchase benefits for consumers will begin to be reduced on December 13.
XPeng pushes latest Xmart OS public beta to P7, brings memory parking route sharing feature - CnEVPost The feature will provide great convenience for other users, such as the ability to quickly reach supercharging stations in underground parking lots.
Deutsche Bank ups Li Auto price target to $34, maintains Hold rating - CnEVPost Edison Yu's team updated their sales forecast for Li Auto in 2022, expecting the company to deliver an average of 10,000 Li ONEs per month and 15,000 units of the new SUV next year.
Deutsche Bank expects BEV sales in China to reach 5 million units next year - CnEVPost Edison Yu's team expects China's BEV penetration to be more than 40 percent by 2025, equivalent to about 10 million units.
BYD expects to sell up to 1.2 million NEVs next year - CnEVPost BYD expects to sell 600,000 pure-play EVs and 500,000-600,000 plug-in hybrids next year, corresponding to a market share of about 25 percent in China.
BYD, Niu Technologies-backed Niutron reportedly take over failed automaker Dorcen's plants - CnEVPost Niutron, the new energy vehicle brand founded by Niu Technologies founder Li Yinan, is expected to be officially launched on December 15.
Xiaomi subsidiary Smartmi reportedly jumps on car-making bandwagon - CnEVPost Smartmi's first model will be an SUV, and a car design firm has been approaching Smartmi about a car design, according to local media.
Pony.ai's driverless vehicle was involved in a minor collision during routine testing in California, and the company subsequently voluntarily halted its unmanned testing in the state.
BAIC BluePark says it has completed development of 2nd-gen solid-state battery cells - CnEVPost BAIC BluePark says its planned third-generation solid-state battery technology will be used in a new Arcfox-branded model with a cell energy density of 360Wh/kg.
HiPhi, highest priced local Chinese EV brand, delivered 763 vehicles in Nov - CnEVPost HiPhi's first model, the HiPhi X, starts at RMB 800,000 ($125,600) for the four-seat version. By comparison, NIO's hot-selling NIO ES6 starts at RMB 358,000.
Svolt Energy closes about $940 million in Series B+ financing - CnEVPost The funds will be used mainly to develop new technologies and build new production bases and R&D centers.