Smart and Sustainable Electric Mobility
By continents, Chinese vehicles are mainly exported to:
- Africa: Egypt and South Africa
- Asia: Saudi Arabia, India, Thailand, and Vietnam
- Europe: Russia and the UK
- North America: USA, Mexico, and the Caribbean
- South America: Brazil, Chile, Peru, and Ecuador
The post China became the world’s largest vehicle exporter in Q1 2023, surpassing Japan appeared first on CarNewsChina.com.
Filed under: Green,Ford,Alternative Fuels,Minivan/Van,Commercial Vehicles,Electric,Hydrogen Cars
Continue reading Ford begins testing fuel-cell E-Transit in the U.K.
Ford begins testing fuel-cell E-Transit in the U.K. originally appeared on Autoblog on Sat, 13 May 2023 09:00:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsBridgewater reduced its holdings in NIO by 40.53 percent, XPeng by 25.98 percent and Li Auto by 54.69 percent in the first quarter.
Bridgewater Associates, the world's largest hedge fund founded by renowned investor Ray Dalio, reduced its position in the Chinese electric vehicle (EV) trio in the first quarter, the second consecutive quarter it did so.
Bridgewater held 2,526,156 US-traded ADRs of NIO (NYSE: NIO) at the end of the first quarter, down 1,721,751 shares, or 40.53 percent, from 4,247,907 at the end of the fourth quarter, according to a Form 13F it filed with the SEC on Friday.
The value of Bridgewater's holdings in NIO was $26.55 million at the end of the first quarter, down $14.87 million, or 35.90 percent, from $41.42 million at the end of the fourth quarter.
Bridgewater's holdings in NIO decreased by 27.91 percent in the fourth quarter of last year. Prior to that, the fund's position in NIO had grown for five consecutive quarters.
At the end of the first quarter, Bridgewater's holdings in XPeng (NYSE: XPEV) stood at 1,501,493, a decrease of 527,119, or 25.98 percent, from the end of the fourth quarter.
The fund's holdings in XPeng were last valued at $16.68 million, a decrease of 17.27 percent from the end of the fourth quarter.
Bridgewater's holdings in XPeng decreased by 6.15 percent during the fourth quarter of last year. This followed three quarters of increased or unchanged holdings.
Bridgewater's holdings in Li Auto's US-traded ADRs were 792,442 shares at the end of the first quarter, a decrease of 956,375 shares or 54.69 percent from the end of the fourth quarter.
Bridgewater's Li Auto position had a value of $19.77 million at the end of the first quarter, a decrease of 44.58 percent from the end of the fourth quarter.
NIO, XPeng, and Li Auto all gained in the first quarter, up 7.79 percent, 9.14 percent, and 22.3 percent, respectively.
Renaissance keeps NIO position stable in Q1, nearly liquidates position in XPeng
The post Bridgewater cuts positions in NIO, XPeng, Li Auto in Q1 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Renaissance reduced its position in NIO by 0.16 percent, XPeng by 98.88 percent and Li Auto by 20.44 percent during the first quarter.
Renaissance Technologies LLC, one of the world's most prominent hedge funds, held its position in NIO (NYSE: NIO) steady during the first quarter, but reduced its holdings in XPeng (NYSE: XPEV) and Li Auto (NASDAQ: LI).
Renaissance held 10,791,394 US-traded ADRs of NIO at the end of the first quarter, down 17,200 shares or 0.16 percent from 10,808,594 at the end of the fourth quarter, according to a Form 13F filing on Friday.
Renaissance's holdings in NIO were worth about $113 million, up $8.03 million, or 7.62 percent, from $105 million at the end of the second quarter, as NIO shares rose in the first quarter.
The fund began its holdings in NIO in the second quarter of 2021, when it bought 5,293,900 shares. It reduced its holdings in NIO by 28.63 percent and 14.77 percent in the third and fourth quarters of last year, respectively.
While maintaining a flat position in NIO, the fund reduced its holdings in XPeng and Li Auto, particularly in XPeng, in the first quarter.
At the end of the first quarter, Renaissance held 81,929 shares of XPeng's US-traded ADRs, down 7,236,771, or 98.88 percent, from 7,318,700 shares at the end of the fourth quarter last year.
The fund's holdings in XPeng were valued at $910,000, down 98.75 percent from $72.75 million at the end of the fourth quarter.
Renaissance first bought XPeng in the third quarter of 2021.
The fund owned 8,111,300 shares of Li Auto at the end of the first quarter, down 2,083,700 shares or 20.44 percent from 10,195,000 at the end of the fourth quarter.
Its holdings in Li Auto were worth $202 million, down 2.69 percent from $208 million at the end of the fourth quarter.
Renaissance first bought Li Auto in the second quarter of 2021 and increased its position in the company in each subsequent quarter until the fourth quarter of last year, when it reduced its stake in the automaker by 17.91 percent.
During the first quarter, NIO gained 7.79 percent, XPeng gained 9.14 percent and Li Auto gained 22.3 percent.
The post Renaissance keeps NIO position stable in Q1, nearly liquidates position in XPeng appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Toyota bZ3 is the first EV jointly developed by Toyota and BYD, produced by FAW-Toyota's Tianjin factory and supplied to the Chinese market.
The post Toyota’s first electric sedan, the bZ3, sold 2,342 units in the first month after launching in China appeared first on CarNewsChina.com.
Filed under: Earnings/Financials,Green,Tesla,Car Dealers,Electric,Rivian,Lucid
Continue reading Tesla, Rivian, Lucid snatch $910 million from traditional dealers in California
Tesla, Rivian, Lucid snatch $910 million from traditional dealers in California originally appeared on Autoblog on Fri, 12 May 2023 16:40:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | Comments