China EV insurance registrations for week ending Dec 17: Nio 3,400, Xpeng 4,800, Li Auto 11,300, Tesla 18,300
Between December 1 and December 17, Nio was 7,900, Xpeng 8,700, Li Auto 24,300, Tesla 41,700, BYD 116,100.
CYVN to become Nio's largest shareholder, while William Li to retain most voting rights
At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment.
BYD catches up with Tesla in global BEV market share in Q3
BYD has caught up with Tesla's 17 percent share of the global BEV market in the third quarter and is expected to overtake Tesla as the global leader in the fourth quarter, Counterpoint Research said.
Xpeng sees price competition continuing until traditional OEMs can't profit on ICEs
Xpeng believes that expanding volumes is critical, and will continue to prioritize volumes into 2024, as well as improving profitability through cost reductions.
Nio secures new $2.2 billion investment from Abu Dhabi's CYVN
CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July.
EV battery maker Rept makes HK stock market debut with market cap above CALB
Rept's latest market capitalization of HK$42.4 billion overtook CALB as the highest lithium battery maker listed in Hong Kong.
Xpeng offers $1,400 limited-time discount on G6
G6 delivered 8,750 units in November, contributing 43.66 percent of Xpeng's monthly deliveries of 20,041 units.
Nio finishes 150-kWh battery range challenge with 1,044 km
After 1,044 kilometers of driving, the Nio ET7 has a remaining charge of 3 percent or 36 kilometers of remaining CLTC range.
William Li confirms flagship model to be launched at Nio Day 2023 as ET9
Nio will launch the ET9 at Nio Day 2023 on December 23, trying to enter a market dominated by models including Mercedes-Benz Maybach.
William Li to personally test Nio's 150-kWh semi-solid-state battery and live-stream whole journey
Li will drive an ET7 with a 150-kWh battery pack from Shanghai on December 17 at 6:30 am local time and live-stream his experience.