Month: May 2023

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China Electric eMobility eV Insurance Registrations Li Auto Li Xiang

Li Auto stops sharing weekly sales data, CEO explains why

Li Auto CEO said they have been complained about by many of their peers, so they are temporarily unable to publish insurance data from last week.

(Image credit: CnEVPost)

Li Auto (NASDAQ: LI) continued to share weekly auto insurance registration numbers in China after they became unavailable on major channels starting in April.

Now the automaker has stopped sharing those numbers as well, and its founder, chairman and CEO Li Xiang explained why.

"We have been complained and reported by many peers, so we can't release the insurance registration data for the time being since last week, very unfortunate," Li wrote on Weibo today.

Notably, earlier today, multiple versions of a table purportedly showing the insurance registration data for the first week of May circulated on Chinese social media, with Li claiming that much of the data was fake.

"I saw that some of my peers couldn't stand the fact that some people started faking the insurance registration data (which every car company buys) and took it upon themselves to release the real data for the first week," he said.

Li Auto's insurance was not less than 6,000 in that falsified data, but 7,000, he said.

Previously, we had access to those numbers every Tuesday, and it was Li Auto's practice to share a portion of them later to show off that it was leading the pack among new car makers.

The company last shared those numbers on May 5, when it provided a table showing that it sold 8,100 units in the week of April 24 to April 30.

Li Auto delivered 25,681 vehicles in April, another monthly high, while surpassing the 20,000-delivery mark for the second consecutive month.

On May 10, Li Auto reported its first-quarter earnings with guidance that second-quarter vehicle deliveries would range from 76,000 to 81,000.

This means that it expects to deliver a total of 50,319 to 55,319 vehicles in May and June.

Insurance registrations for week ending Apr 30: Tesla 11,500, Li Auto 8,100, NIO 2,600

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Categories
Electric eMobility eV

Watch Drag Race Between 3 EVs and 1 ICE SUV Come To Surprising Result

It’s Kia vs. Genesis vs. Ford vs. BMW and the question is: will electric power win?
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China Electric eMobility eV Nio NIO Singapore

Singapore’s deputy PM visits NIO House in Shanghai

NIO is building a R&D Center in Singapore, where it looks into smart power solutions & autonomous driving technologies, said Lawrence Wong.

Singapore's deputy PM visits NIO House in Shanghai-CnEVPost

A Singaporean deputy prime minister visited a NIO House in Shanghai today, the first senior local official to visit the electric vehicle (EV) maker since it went public on the country's stock market.

Lawrence Wong, Singapore’s Deputy Prime Minister and Minister for Finance, tweeted today that he visited NIO and saw its next-generation battery technology.

"NIO is building a R&D Center in SG, where it looks into smart power solutions & autonomous driving technologies. Had a fruitful conversation & I wish NIO all the best in its EV journey in SG," Wong wrote.

Wong shared a picture that shows William Li, the founder, chairman and CEO of NIO, accompanying him on his tour.

"NIO team is honored to welcome Singapore Deputy Prime Minister and Minister for Finance Mr. Lawrence Wong and Singaporean government officials for a visit and further discussion at NIO House | Shanghai Tower today," the EV company said in a retweet.

On May 20, 2022, NIO was listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST), becoming the first Chinese automaker to list in three locations.

NIO announced at the time that it would establish an artificial intelligence and autonomous driving R&D center in Singapore. The company has already established R&D centers in Beijing, Shanghai, San Jose, USA, and Europe.

"We will also leverage Singapore's advantageous position as an international financial and technology center. By collaborating with science and research institutions and establishing NIO's R&D center for AI and AD in Singapore, we will further broaden and enhance our global R&D footprint," Li said at the time.

NIO made a secondary listing in Hong Kong by way of introduction on March 10, 2022, and the listing in Singapore was its second secondary listing.

NIO is currently down 2.89 percent to S$8.07 in Singapore. It closed down 2.46 percent to HK$63.50 in Hong Kong today.

NIO makes its debut on Singapore's stock market

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Categories
Baojun Baojun Yep China Electric Electric cars eMobility eV Report SGMW

GM-SAIC-Wuling made Baojun Yep’s interior unveiled in China

The Baojun Yep will hit the market in June this year with a price tag about of 14,000 USD. It has 68 hp and 303 km of range.

The post GM-SAIC-Wuling made Baojun Yep’s interior unveiled in China appeared first on CarNewsChina.com.

Categories
Electric eMobility eV

Tesla Said To Step Up Driver Monitoring To Track Yawns, Blinks

Tesla hacker @greentheonly said he noticed the code is being added, but not propagated to anything UI yet.
Categories
Electric eMobility eV

NIO ET5 Orion Name Confirmed For Upcoming Chinese EV Wagon

The premium station wagon has a 482-horsepower dual-motor setup.
Categories
China Electric eMobility eV HK Stocks Industry News

New auto index launched in HK stock market with constituents including BYD, NIO, XPeng, Li Auto

The Hang Seng Indexes Company Limited launched the Hang Seng Automobile Index today with a year-to-date return of about 9 percent.

A new index is now available for investors who wish to track the performance of the Chinese auto industry chain in the stock market.

The Hang Seng Indexes Company Limited (HSI) today announced the launch of three new indices, including the Hang Seng Automobile Index.

"The Hang Seng Automobile Index aims to reflect the overall performance of companies that are engaged in the value chain of automobile production, and are listed in Hong Kong," the description on the HSI website reads.

The new index -- calculated and disseminated in real-time at two-second intervals -- had a return of 9.26 percent for the year to last Friday. As of press time, the index was up 0.69 percent today.

The Hang Seng Automobile Index has a fixed component of 30 stocks and will be reviewed every six months.

The index's current constituents include car companies such as BYD, NIO, , , Leapmotor, , Great Wall Motors, and GAC Group, as well as suppliers such as LK Technology and Fuyao Glass.

The description page on the HSI website does not provide information on the weighting of these constituents in the index.

The index has a base period of December 31, 2019, with a base value of 3,000 points and is currently quoted at 3,272.24 points.

At press time, NIO was down 2.3 percent to HK$63.60 in Hong Kong, XPeng down 2.03 percent to HK$38.55, Li Auto down 0.96 percent to HK$113, BYD was flat and Leapmotor was up 1.47 percent to HK$34.55.

Hang Seng Automobile Index

Stock CodeConstituent Name
A SharesB SharesH SharesRed ChipsOthers
1958BAIC MOTOR
9888BIDU - SW
710BOE VARITRONIX
1211BYD COMPANY
285BYD ELECTRONIC
489DONGFENG GROUP
3606FUYAO GL ASS
2238GAC GROUP
1772GANFENG LITHIUM
175GEELY AUTO
2333GREATWALL MOTOR
179JOHNSON ELEC H
148KINGBOARD HLDG
9863LEAPMOTOR
2015LI AUTO - W
558LK TECH
425MINTH GROUP
1316NEXTEER
9866NIO - SW
1478Q TECH
20SENSETIME - W
3808SINOTRUK
2382SUNNY OPTICAL
819TIANNENG POWER
9696TIANQI LITHIUM
3898TIMES ELECTRIC
2338WEICHAI POWER
868XINYI GLASS
9868XPENG - W
1585YADEA

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Electric eMobility eV

Tesla Cybertruck Series Production Inches Closer As Final Stamping Component Arrives

A drone photo shows what looks like a massive die-casting machine.
Categories
Aito AITO M9 China Electric Electric cars eMobility eV Huawei PHEV Report Seres

Huawei’s AITO M9 flagship SUV fan render images revealed in China

The AITO M9 is a full-size luxury SUV that will hit the Chinese market in Q4 2023 with a starting price of 71,800 USD.

The post Huawei’s AITO M9 flagship SUV fan render images revealed in China appeared first on CarNewsChina.com.

Categories
Battery Swap China Electric eMobility eV Nio

NIO exceeds 1,400 swap stations in China

NIO's 1,400th battery swap station in China was built with German retail giant METRO, and the two have built a total of 21 such facilities together to date.

NIO exceeds 1,400 swap stations in China-CnEVPost

(Image credit: NIO)

NIO (NYSE: NIO) has surpassed 1,400 battery swap stations in China, as deployment of its third generation of the facility accelerates.

The electric vehicle (EV) maker today put eight new battery swap stations into operation, bringing the total to 1,403, with 374 of them located along highways, according to an article it posted today on the NIO App.

NIO's 1,400th battery swap station in China is located next to a store of German retail giant METRO in Shanghai, and is the 61st third-generation battery swap station of the EV maker.

The partnership between NIO and METRO began two years ago when the two signed a strategic cooperation agreement on March 29, 2021, to collaborate on the construction of charging stations and battery swap stations.

To date, 21 battery swap stations have been jointly built by the two companies, NIO said today.

NIO exceeds 1,400 swap stations in China-CnEVPost

NIO's owners have used battery swap services more than 22 million times, averaging nearly 50,000 times a day, and on average, a vehicle receives a fully charged battery from a battery swap station every 1.9 seconds, NIO said.

In addition to providing replenishment services, these battery swap stations have provided a total of 76,131 battery upgrades to owners, according to the article.

NIO allows owners to upgrade their standard-range battery packs to 100 kWh long range packs on a monthly, annual, or permanent basis.

NIO exceeds 1,400 swap stations in China-CnEVPost

On March 3, NIO began offering incentives to encourage owners to upgrade their battery packs to long-range ones.

At the NIO Day 2022 event on December 24, 2022, NIO's third-generation battery swap station was launched, capable of storing up to 21 packs, up from 13 in its previous generation and 5 in the first generation of that facility.

NIO announced plans at the time to add 400 battery swap stations in 2023, though that plan was raised to 1,000 on February 21.

William Li, NIO's founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, with a goal of having more than 2,300 battery swap stations in China by the end of 2023.

NIO's first 10 third-generation battery swap stations went live in 10 Chinese cities on April 12.

On April 18, Li said on the first day of the Shanghai auto show that NIO will add about 200 battery swap stations every month starting in June.

As of May 15, NIO also had 2,580 charging stations in China, offering 15,312 charging piles. The company's charging map has access to more than 7,000,000 third-party charging stations.

NIO swap station count update: 8 added, total 1,403

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