China NEV insurance registrations for week ending Feb 12: BYD 31,417, Tesla 6,963, Nio 3,045
BYD and Nio's numbers were higher than the previous week, while Tesla's were lower than the previous week.
Ford to build $3.5 billion LFP battery plant in Michigan with CATL's technology
CATL will provide technology and service support for the production of the LFP battery plant, while Ford will be responsible for cell and vehicle integration.
Bridgewater cuts holdings in Nio, Xpeng and Li Auto in Q4
Bridgewater reduced its holdings in Nio by 27.91 percent, Xpeng by 6.15 percent and Li Auto by 46.63 percent during the fourth quarter.
Nio ES7, ET7, ET5 wait times become shorter
Wait times for the Nio ES7 and ET7 have both changed from the previous 3-4 weeks to about 3 weeks, and the ET5 has gone from about 3 weeks to 2-3 weeks.
Shanghai auto show to be held on April 18-27
The upcoming Auto Shanghai 2023 will be the first major auto show in China after the lifting of Covid controls.
Regulatory filing: Human Horizons working on 3rd model HiPhi Y
The HiPhi Y will be priced in the RMB 400,000-500,000 range and will be the least expensive of Human Horizons' models, previous reports have implied.
Fitch expects China's NEV sales to maintain strong growth, while ICE vehicle sales to decline
Fitch expects sales of passenger NEVs in China to grow by more than 30 percent in 2023, while ICE vehicles will decline by the low teens.
Regulatory filing: Nio's new EC6 coming
Deliveries of the new EC6 are expected to begin before the end of May, according to previous hints from Nio management.
Zeekr secures $750 million in Series A funding, bringing valuation to $13 billion
Zeekr filed a draft registration statement for a potential IPO with the SEC on December 7 on a confidential basis.
Nio vehicles still sell at higher average prices than BMW in China, despite lower-priced ET5 becomes key to sales
Nio vehicles sold for an average of RMB 413,300 ($60,700) in January, higher than BMW's RMB 399,400 and Lexus' RMB 390,600 in China.