Nio's orders up 19% in Apr from Mar, Deutsche Bank survey shows
The sequential increase in new orders for Nio in April was mainly due to lower prices for its BaaS battery rental service, according to Deutsche Bank.
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Xpeng to report Q1 2024 earnings on May 21
Xpeng delivered 21,821 vehicles in the first quarter, slightly above the lower end of the guidance range of 21,000 - 22,500 vehicles.
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Li Auto to report Q1 2024 earnings on May 20
Li Auto delivered 80,400 vehicles in the first quarter, exceeding the upper end of its lowered guidance range.
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China Apr NEV wholesale at 800,000, down 2% from Mar, CPCA estimates show
Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum in sales, the CPCA said.
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Tesla China sells 62,167 cars in Apr, down 30% from Mar
In the January-April period, Tesla China sold 283,043 vehicles, down 7.25 percent from 305,164 in the same period last year.
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China EV insurance registrations for week ending May 5: Nio 3,600, Tesla 11,000, BYD 52,600, Xiaomi 1,300
Li Auto had 5,300 insurance registrations last week and Xpeng 1,400.
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Global EV battery market share in Jan-Mar 2024: CATL 37.9%, BYD 14.3%
CATL continues to be No. 1, but with a slightly reduced share from Jan-February. BYD is back in second place, overtaking LG Energy Solution.
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Onvo L60 seen without camouflage next to Nio swap station
This is the first time the side of the Onvo L60 has been seen in its entirety without camouflage, showing that the model looks somewhat similar to Nio's coupe SUV model, the EC6.
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Nio sub-brand Onvo to use BYD batteries, report says
BYD has been renovating its battery pack production lines in Anhui province and will supply smaller a battery pack for a version of Onvo's new EV, according to Reuters.
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Nio provides 65,779 battery swap services on average per day in Apr
On average, each Nio user made four battery swaps in April, each lasting about three minutes.
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