China EV insurance registrations for week ending Jul 16: Tesla 10,000, Li Auto 7,700, Nio 3,900, Xpeng 2,100
Between July 1 and 16, Nio sold 8,000 units, Li Auto 16,900, Xpeng 3,500 and Tesla 13,000.
Over 60% of NEVs sold in China in Q1 fitted with L2 driver assistance systems, Canalys says
A total of 13 percent of NEVs were equipped with more advanced L2+ driver assistance systems, with Li Auto and Nio contributing about half of that total.
Great Wall launches Tank 500 SUV in Bahrain
Great Wall Motor has launched the Tank 500 SUV in Bahrain, the fourth Middle Eastern market the model has entered after the UAE, Saudi Arabia and Oman.
Solid-state battery startup Talent New Energy closes new funding, has over 10 GWh of capacity planned
Talent's second phase of a 2 GWh/year plant in Chongqing is expected to be completed by the end of 2023, and a 10 GWh/year industrial park project in Anhui is under construction.
SAIC's EV unit Rising Auto plans to add over 50 swap stations by year-end
Rising Auto said in March that it has three battery swap stations in Shanghai and has completed the selection of sites for more than 50 battery swap stations in 10 cities.
Nio to hold Nio Power Day 2023 on Jul 20
This will be Nio's third Nio Power Day event, and details about the 150-kWh semi-solid battery pack could be one of the main topics.
Nio, Xpeng, Li Auto CEOs pose for rare photo amid intensifying competition among China's EV trio
They were last pictured together on June 6, 2020, when Nio, Xpeng, and Li Auto were all struggling to boost sales.
HiPhi launches HiPhi Y with starting price almost same as Nio ES6 to target mainstream premium EV market
The HiPhi Y, which starts at just RMB 1,000 more than the Nio ES6 but far less than HiPhi's other two models, is trying to get a piece of the mainstream premium EV market.
Gotion expects H1 profit to rise as much as 209.69% to $28 million
Gotion's earnings preview implies it will post a net profit of RMB 7,439 to RMB 124.4 million in the second quarter, a year-on-year increase of 129.46 percent to 283.68 percent.
BYD expects H1 profit to rise as much as 225.43% year-on-year to $1.64 billion
BYD's earnings preview implies that its net profit for the second quarter will be RMB 6.37 billion to RMB 7.57 billion, up 128.56 percent to 171.62 percent year-on-year.
