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Permalink | Email this | CommentsCATL reported revenue of RMB 79.77 billion in the first quarter, a new low since the second quarter of 2022.
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China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. BNEF estimates to global battery-cell demand for both EVs and energy storage came in at around 950 gigawatt-hours in 2023—but manufacturing capacity was more than twice that, at around 2,600 gigawatt-hours... IM L6 will launch on May 13 with deliveries beginning later in May. Car has already achieved more than 10,000 pre-sales orders.
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Citi analysts in a research note earlier this month expected the SU7 to deliver around 55,000 to 70,000 units for the full year.
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Jaguar Land Rover will become the first luxury automaker to adopt Chery's platform, with the partnership close to being finalized, according to local media.
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Nio's independent car-making qualification has been officially approved, and the company has started producing and delivering EVs under its own name, local media said.
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The 2024 ET5 and 2024 ES7 will make their debut in China, while the 2024 ET7 will also be launched in China at the Beijing auto show.
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Of that 10 GWh of battery assets, they contain more than 17,000 tons of nickel, more than 6,300 tons of cobalt and more than 5,700 tons of lithium.
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