China EV insurance registrations for week ending Oct 29: Nio 4,600, Xpeng 5,800, Li Auto 10,000, Tesla 10,800
Between October 1 and October 29, insurance registrations were 14,100 for Nio, 15,200 for Xpeng, 36,800 for Li Auto and 27,300 for Tesla in China.
BYD's premium Yangwang brand opens 1st batch of 22 stores
By the end of the year, Yangwang aims to open more than 90 directly-managed stores in more than 40 cities in China.
Tesla's entry-level Model 3 wait time gets shorter in China
Tesla's entry-level Model 3 now has a wait time of 2-6 weeks in China, down from 6-9 weeks previously.
Nio and auto parts supplier Baolong sign cooperation deal
At the current stage, Baolong and Nio will cooperate on products including air springs, wheel speed sensors, and optical rain sensors.
BYD posts record Q3 net profit, gross margin hits 3-year high
BYD reported a record net profit of RMB 10.41 billion in the third quarter, up 52.59 percent from the second quarter. Gross margin for the third quarter was 22.12 percent, a record high since the third quarter of 2020.
Neta ships EVs to Turkey; to start selling multiple models in UAE in 2024
Neta aims to transform itself into a global high-tech technology company and reach one million sales in global markets by 2026.
BMW recalls 41,446 units of 5 Series plug-in hybrids in China over battery issue
The vehicles' high-voltage batteries have a dual-battery cell module design that risks causing thermal runaway.
CATL puts new battery production base into operation, claims to be able to produce 1 cell in 1 second
The first phase of CATL's Guizhou production base has been put into operation with an annual capacity of 30 GWh, capable of producing a cell in 1 second and a pack in 2.5 minutes.
BYD's Fang Cheng Bao brand starts trial operations of 1st 70 directly-managed stores
Fang Cheng Bao started the pre-sale of its first model, the Bao 5, in August, with a pre-sale price range of RMB 300,000 - RMB 400,000.
Baidu-backed Jiyue officially launches its debut EV model to take on Tesla Model Y
The Jiyue 01 is larger and less expensive than the Tesla Model Y, while leveraging Baidu's capabilities on cockpit intelligence as well as smart driving to provide additional appeal.
