What do June's insurance registrations say about Nio, Xpeng, and Li Auto?
For car companies, insurance registrations are data that more accurately reflect sales, and this data for Nio, Xpeng Motors, and Li Auto in June reveals something interesting.
Half of Tesla's sales in China come from cities with restrictions on car purchases
Tesla Model 3 sales in China in June were 45.7 percent from cities with restrictions on car purchases, and for the Model Y, that ratio was 52.2 percent, according to a July 15 report from Essence Securities.
Leapmotor's plant gets vehicle production qualification
Leapmotor said Wednesday that its plant in Jinhua, Zhejiang province, has been qualified to produce new energy vehicles. That means the company's products can be produced under the name Leapmotor, rather than its OEM.
China's NEV penetration rate hit record high of 15% in June
That's up 3 percentage points from May and up 7 percentage points from 8 percent in January. The ratio was 11 percent in the first half of this year, an increase of 5 percentage points from 2020.
BYD sets up new firm in Shenyang, with business scope including battery sales
BYD established a new company in Shenyang, North China's Liaoning province on Wednesday, following the establishment of a new company in Hefei, Anhui province on July 12.
Leapmotor closes over $700 million Pre-IPO round of financing
Leapmotor will likely file for an IPO in the second half of this year and is expected to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, in late 2021 or early 2022.
Xpeng gets nearly HK$2 billion additional capital through over-allotment of shares in Hong Kong
The HKEx has approved the listing of the over-allotted shares and they will be available for trading starting at 9 a.m. on July 19.
Filing reveals range information for Xpeng P5
Xpeng Motors' upcoming P5 model includes at least three range versions, according to the company's filing with the Ministry of Industry and Information Technology (MIIT).
Alibaba-backed connected car firm Banma gets $464 million capital increase
Banma, the connected car company backed by Alibaba, announced on July 14 that it has completed an RMB 3 billion ($464 million) capital increase from its existing shareholders.
Baidu wins $15.3 million Chongqing smart transportation pilot project
Baidu has won an RMB 98.8 million ($15.3 million) bid for the first phase of a smart transportation pilot project in the Yongchuan District in southwest China's Chongqing.