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CnEVPost Newsletter: ​China EV insurance registrations; ​BYD raises 2024 sales target

Published 9 months ago • 1 min read

CnEVPost Newsletter: Daily Recap

Sept 10, 2024

​China EV insurance registrations for week ending Sept 8: Nio 4,500, Tesla 16,200, Xiaomi 3,200, BYD 73,600​

Li Auto had 10,700 insurance registrations last week, Xpeng 3,600, Zeekr 4,600, Leapmotor 6,300 and Aito 7,700.

​BYD raises 2024 sales target to 4 million units​

BYD has raised its annual sales target to 4 million units, Morgan Stanley analyst Tim Hsiao said in a research note citing comments from the NEV maker's management.

​Xpeng asks suppliers to boost capacity as Mona M03 orders exceed 2,000 units per day​

Xpeng is asking suppliers to boost capacity for the Mona M03 to help it improve delivery efficiency, saying in a letter that recent orders for the new model exceeded 2,000 units per day.

​Chery plugs into Nio's charging network​

Nio and Chery have entered into a partnership that opens up Nio Power's charging network to brands including Chery, Exceed and Jetour.

​Huawei-backed Aito launches 5-seat variant of M9 to further tap luxury SUV market​

Aito has launched a five-seat variant of its flagship SUV, the M9, at a starting price of RMB 469,800 ($66,000), following the success of the SUV's six-seat version in the luxury SUV market.

​China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show​

China's BEV sales rebounded to 646,000 units in August, up 17.24 percent from July, while PHEV sales rose to a new record high of 453,000 units.

​EU to lower proposed tariffs on EVs from China, report says​

The European Union is set to make small reductions in the proposed additional tariff rates on EVs from China, with Tesla facing a reduction from 9 percent to just under 8 percent, according to Bloomberg.

​China EV battery installations in Aug: CATL's share 44.46%, BYD 24.96%​

CATL's share in August decreased by 2.84 percentage points from July, while BYD increased by 2.14 percentage points.

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