Nio’s new orders in May up 37% from Apr, Deutsche Bank survey shows
BYD and Tesla both saw record highs in new orders in China in May, according to Deutsche Bank.
Li Auto further cuts 2024 sales target to around 480,000 units, report says
This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.
China EV insurance registrations for week ending Jun 2: Nio 6,700, Tesla 15,200, BYD 53,400, Xiaomi 2,200
Nio vehicles saw a record 6,700 insurance registrations in China last week, up 24.07 percent from 5,400 the week before.
Li Auto reportedly merges sales and delivery teams for higher volume
Li Auto has merged its sales and delivery teams to eliminate possible conflicts of interest between the two in order to better sell cars.
Li Auto delivers 35,020 cars in May, highest year-to-date
May's deliveries were Li Auto's highest single-month volume so far this year, though still well below last December's record 50,353 vehicles.
Li Auto sees 20,000th Li L6 roll off line
Li Auto said Li L6 production capacity continues to climb and will top 20,000 units next month.
EV stocks surge in HK ahead of May deliveries, Nio leads with 10% gain
Insurance registrations for Nio vehicles were 15,400 for May 1-26, already close to the full month of deliveries in April.
China EV insurance registrations for week ending May 26: Nio 5,400, Tesla 13,100, BYD 55,000, Xiaomi 2,700
During the May 1-26 period, insurance registrations for Nio vehicles were 15,400, Tesla 43,900, BYD 209,900 and Xiaomi 6,700.
China EV insurance registrations for week ending May 19: Nio 4,400, Tesla 13,900, BYD 53,600, Xiaomi 2,000
Between May 1-19, Nio had 10,000 insurance registrations, Tesla 30,800, BYD 154,900, Xiaomi 4,000, Li Auto 18,600, and Xpeng 4,800 units.
Li Auto shares plunge in HK on disappointing earnings, delay of more BEV launches
Li Auto's BEV endeavors appear to be facing structural challenges as transferring its EREV success to BEV is not so straightforward, Deutsche…