Smart and Sustainable Electric Mobility
Neta has announced the closing of a RMB 7 billion Crossover round of financing, without revealing any other details about the funding.
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DC fast charging makes EV road trips practical, but owners are cautioned that frequent fast-charging can also cause battery degradation. That isn't necessarily the case, a new study has found. Recurrent, which produces battery health reports for used EVs, studied fast charging on over 12,500 Tesla vehicles in the U.S. Cars that were fast-charged... Nio announced its Q2 earnings today, and here are the key takeaways from the earnings call, with the latest being at the top.
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Deutsche Bank says Nio's third-quarter delivery guidance is below their expectations, which could mean that new order flow will be hard to sustain after the initial surge.
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EVs have surpassed at least 5% of new car sales in 23 countries, according to a new Bloomberg report. Much of that sales growth has happened in the past year, according to the report. Five more countries have 5% EV sales—which Bloomberg analysts consider a tipping point for mass adoption—than a year ago. And median EV sales were up 55%... Almost the whole market was up in W34. Xpeng grew 50% up, Zeekr grew 106% up, and Tesla and Nio grew 22% up. Li Auto -3.75% down.
The post China NEV sales in week 34: BYD 51,700, Tesla 17,000, Nio 5,000 appeared first on CarNewsChina.com.
Nio reported revenue of RMB 8.77 billion in the second quarter, missing market expectations of RMB 9.254 billion, compared with RMB 10.29 billion in the same period last year.
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On August 28, BYD released its 2023 H1 financial report. On August 28, BYD released its 2023 H1 financial report. BYD achieved a revenue of 35.86 billion in H1 2023 and made a profit of 1.51 billion USD.
The post BYD sold 1.25 million cars and made a profit of 1.5 billion USD in H1 2023 appeared first on CarNewsChina.com.
A previous report said that a number of Chinese automakers, including Chery and Nio, were planning to order their own car carriers.
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Between August 1 and August 27, Nio registered 16,000, Xpeng 11,700, Li Auto 29,100, and Tesla 56,400 EVs in China.
The post China EV insurance registrations for the week ending Aug 27: Tesla 17,000, Li Auto 7,700, Nio 5,000 appeared first on CnEVPost.
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