Global EV battery market share in Jan-Aug: CATL 36.9%, BYD 15.9%
CATL's share of the global EV battery market in January-August rose from January-July, while BYD declined slightly.
Li Auto targets annual sales of at least 3 million vehicles by 2028, report says
Li Auto's management believes China's NEV penetration will reach 90 percent by 2028, when it will need to sell at least 3 million vehicles annually if it is to become one of the top five players, according to local media.
Chinese self-driving startup Haomo unveils new ADAS kits set to dramatically drive adoption of smart driving features
Haomo unveiled three ADAS kits priced as low as $410 and not relying on high-definition maps to capitalize on the opportunity presented by smart driving features that will cover the vast majority of new cars over the next two years.
Tesla delivers 43,507 vehicles in China in Sept, Shanghai plant exports 30,566 units
During the third quarter, Tesla delivered 139,624 vehicles in China, accounting for 32.1 percent of its global deliveries of 435,059 vehicles.
Nio's 2 priciest models, ES8 and EC7, both see wait times reduced to 3-4 weeks
Three days ago, on October 8, wait times for four of Nio's least expensive models were all reduced to 2-3 weeks.
WM Motor files for 'pre-restructuring', says it will seek rebirth
WM Motor still has commercial value and some of its creditors are willing to reorganize, it said.
Xpeng suspends procurement head in anti-corruption drive
Xpeng emphasized that the move does not affect businesses including commerce and production. The company fell more than 10 percent in the US on Monday.
China EV insurance registrations for week ending Oct 8: Li Auto 6,900, Nio 1,300, Xpeng 1,300
Most of last week was covered by China's long National Day holiday -- which ran from September 29 to October 6.
CATL rumored to have given lower prices for batteries supplied to Nio and Zeekr
Nio CEO William Li told CnEVPost last month that every RMB 50,000 drop in the price of lithium carbonate would result in roughly a 1.5 percent improvement in gross margin for the company.
GAC Aion officially launches Hyper SSR electric supercar, starting at $176,380
The Hyper SSR is offered in three versions and deliveries were made to the first owners today.
