Smart and Sustainable Electric Mobility
On a full-year basis, the reopening of China will have a positive impact on consumer sentiment and should boost vehicle production and sales in the second quarter, said Edison Yu's team.
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NIO vehicles registered 2,818 insurance units in China last week, including 1,794 ET5s.
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From January 2 to January 8, China NEV insurance registrations were 77,000 units, down from 163,700 units the previous week.
The post China NEV insurance registrations last week: BYD 35,924, Tesla 2,110, NIO 2,818 appeared first on CnEVPost.
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For the full year 2022, retail sales of new energy passenger vehicles in China were 5.67 million units, contributing 27.6 percent of all passenger vehicle sales.
The post China's retail sales of passenger NEVs at record 640,000 units in Dec, CPCA data show appeared first on CnEVPost.
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From January to October 2022, a total of 493,600 new vehicles were sold in Beijing, 34.24 percent of which were NEVs.
The post Beijing to hand out 100,000 extra license plates in 2023, 70% to EVs appeared first on CnEVPost.
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Deliveries of Lotus Eletre with optional electronic exterior mirrors will begin as early as July 1, 2023, the first day that Chinese regulations will allow car companies to use such mirrors.
The post Lotus to allow Eletre buyers to opt for e-mirrors, set to be 1st to do so in China appeared first on CnEVPost.
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The CPCA did not release preliminary sales figures for NEVs in December. Previous figures showed the CPCA expected the figure to be around 700,000 units.
The post China's retail auto sales exceed 2.4 million in Dec, up 47% from Nov, preliminary CPCA data show appeared first on CnEVPost.
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Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.
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After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.
The post Goldman Sachs raises 2023 forecast for China auto sector to reflect faster-than-expected Covid reopening appeared first on CnEVPost.
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Battery-grade lithium carbonate has fallen more than 10 percent compared to mid-November when prices reached as high as RMB 590,000 per ton.
The post Lithium carbonate prices fall to around RMB 500,000 with outlook remains bearish appeared first on CnEVPost.
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