Phate Zhang

The financing will be used to support the 2024 debut of ClearMotion's fully active suspension CM1, which eliminates the sway in the car that disrupts the ride.

Xpeng and Li Auto are currently in a period of transition between old and new products, and sales performance will be under pressure in the near term, according to a local analyst.

The earnings report represents the final reset of numbers before the long-awaited product supercycle takes off and Nio can finally demonstrate the power of its brand and ecosystem.

Nio expects record deliveries in each month of the fourth quarter, while mass production of the 150-kWh pack will be delayed by several months.

CATL has moved up the mass production shipments of the Qilin Battery to the end of this year instead of the previously mentioned 2023, according to local media.

Nio's guidance of 31,000-33,000 vehicle deliveries for the third quarter means it expects September deliveries of 10,271 to 12,271.

This would include 6.99 million BEVs and 3.37 million PHEVs, according to a team of local analysts.

The new joint venture will handle battery procurement for Honda's two joint ventures in China, instead of the two companies buying batteries from CATL separately as they did before.

Jidu plans to launch a limited edition of its first model in partnership with the Chinese Lunar Exploration Program, with a limited number of 1,000 units and exclusive rights for owners.

With the exception of the entry-level Model Y, which has a wait time of 1-4 weeks, Tesla has further reduced the expected delivery dates for all of its models in China by 6 weeks.