Goldman Sachs initiates coverage on Nio with Neutral rating
Despite its early-mover advantage, Nio's growth momentum could remain soft on relatively fewer new model launches given its mature product portfolio vs. peers, Goldman Sachs said.
China's NEV retail sales up 11% MoM to 936,000 in Dec, preliminary CPCA data show
China's retail penetration of passenger NEVs was 39.6 percent in December and 35.7 percent in 2023, according to preliminary CPCA data.
China issues guidelines for vehicle-grid interaction, aims for NEVs to be mobile energy storage facilities
China aims for NEVs to become an important part of the energy storage system by 2030, providing tens of millions of kilowatts of regulation capacity to the power system.
Changan's EV unit Avatr to add EREVs to its product lineup
Avatr will launch two new models in 2024 and will have four EVEVs to add to the lineup, its president said.
Zeekr partners with local dealer to tap Singapore market
Zeekr will launch the right-hand drive versions of the Zeekr 009 and Zeekr X in Singapore, with deliveries starting in the third quarter of 2024.
China EV insurance registrations for week ending Dec 31: Nio 5,700, Xpeng 4,800, Li Auto 14,100, Tesla 15,800
In December, 17,700 Nio vehicles were registered for insurance in China, 17,300 for Xpeng and 76,000 for Tesla.
Nio issues repurchase right notice for convertible senior notes due 2026
As of January 2, the notes had an aggregate principal amount of $301,448,000 outstanding.
X9 set to lift Xpeng's volume and gross margin, says Deutsche Bank
Pricing for the Xpeng X9 has been more aggressive than expected, and volume could go upside in the first half of 2024, said Deutsche Bank.
China's Dec NEV wholesale sales at record 1.13 million units, CPCA estimates show
Preliminary estimates show that for the full year 2023, China's wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA.
Tesla sells 94,139 China-made cars in Dec, 2nd highest on record
China-made Tesla vehicles sold 248,686 units in the fourth quarter, contributing 51.33 percent of its global deliveries.
