China EV insurance registrations for week ending May 5: Nio 3,600, Tesla 11,000, BYD 52,600, Xiaomi 1,300
Li Auto had 5,300 insurance registrations last week and Xpeng 1,400.
Nio sub-brand Onvo to use BYD batteries, report says
BYD has been renovating its battery pack production lines in Anhui province and will supply smaller a battery pack for a version of Onvo's new EV, according to Reuters.
Chinese eVTOL maker Ehang completes passenger-carrying demo flight in UAE
Ehang completed a passenger-carrying demo flight of the EH216-S in the UAE, and the local debut flights of the EH216-F for high-rise firefighting and the EH216-L for air logistics.
Nio sub-brand Onvo's website goes online
Onvo's website address is onvo.cn, and the text in the center of the page reads "First model L60, stay tuned."
Nio rumored to reveal management team for Onvo sub-brand on May 9
The head of the Onvo brand is Ai Tiecheng, a senior vice president at Nio who was previously general manager of WeWork Greater China.
Exclusive: CATL has talked with dozen automakers for tech licensing; working on 2nd-gen sodium batteries
In a recent wide-ranging interview with CnEVPost, a CATL spokesperson talked about the company's overseas partnership model and its layout for new technologies.
Li L6 orders exceed 30,000 units, says Li Auto
Li Auto updated order numbers for the Li L6 and reminded potential customers that there is only 1 day left for the model's limited-time purchase entitlements to expire.
Zeekr seeks to raise $368 million in US IPO at $5.13 billion valuation
Zeekr is seeking a valuation of up to $5.13 billion in a US IPO, about half of Nio's current market capitalization of $11.6 billion.
BYD sells 313,245 NEVs in Apr, overseas sales hit record high
BYD sold 134,465 BEVs in April, down 3.89 percent from March, and 177,583 PHEVs, up 9.8 percent from March.
Nio delivers 15,620 cars in Apr, growth outshines Li Auto and Xpeng
In January-April, Nio delivered 45,673 vehicles, up 21.15 percent year-on-year.
