The American EV startup also opened up demo drives to everyone who's interested in the all-electric pickup.
Category: eMobility
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
The post Li Auto stops sharing weekly sales data, CEO explains why appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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?
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.
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.
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. #NIO #PowerSwap #BlueSkyComing #EV #Sustainability https://t.co/Zz2lhuMlUT
— NIO (@NIOGlobal) May 15, 2023
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.
The post Singapore's deputy PM visits NIO House in Shanghai appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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.
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.
NIO ET5 Orion Name Confirmed For Upcoming Chinese EV Wagon
The premium station wagon has a 482-horsepower dual-motor setup.
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, XPeng, Li Auto, Leapmotor, Geely, 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 Code | Constituent Name | ||||
|---|---|---|---|---|---|
| A Shares | B Shares | H Shares | Red Chips | Others | |
| 1958 | BAIC MOTOR | ||||
| 9888 | BIDU - SW | ||||
| 710 | BOE VARITRONIX | ||||
| 1211 | BYD COMPANY | ||||
| 285 | BYD ELECTRONIC | ||||
| 489 | DONGFENG GROUP | ||||
| 3606 | FUYAO GL ASS | ||||
| 2238 | GAC GROUP | ||||
| 1772 | GANFENG LITHIUM | ||||
| 175 | GEELY AUTO | ||||
| 2333 | GREATWALL MOTOR | ||||
| 179 | JOHNSON ELEC H | ||||
| 148 | KINGBOARD HLDG | ||||
| 9863 | LEAPMOTOR | ||||
| 2015 | LI AUTO - W | ||||
| 558 | LK TECH | ||||
| 425 | MINTH GROUP | ||||
| 1316 | NEXTEER | ||||
| 9866 | NIO - SW | ||||
| 1478 | Q TECH | ||||
| 20 | SENSETIME - W | ||||
| 3808 | SINOTRUK | ||||
| 2382 | SUNNY OPTICAL | ||||
| 819 | TIANNENG POWER | ||||
| 9696 | TIANQI LITHIUM | ||||
| 3898 | TIMES ELECTRIC | ||||
| 2338 | WEICHAI POWER | ||||
| 868 | XINYI GLASS | ||||
| 9868 | XPENG - W | ||||
| 1585 | YADEA | ||||
The post New auto index launched in HK stock market with constituents including BYD, NIO, XPeng, Li Auto appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Tesla Cybertruck Series Production Inches Closer As Final Stamping Component Arrives
A drone photo shows what looks like a massive die-casting machine.
Tesla Cybertruck Series Production Inches Closer As Final Stamping Component Arrives
A drone photo shows what looks like a massive die-casting machine.
