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CnEVPost Newsletter: Nio Onvo L60 launch; ​China EV insurance registrations

Published 15 days ago • 1 min read

CnEVPost Newsletter: Daily Recap

Sept 19, 2024

​Nio Onvo launches L60 to take on Tesla Model Y, and wider competition​

Nio's sub-brand Onvo has officially launched its first model, the L60, which is priced much lower than the Tesla Model Y, but brings more interior space and better features.

​Nio Onvo now has 40% of its store managers from Tesla​

Onvo currently has 180 store managers in China, 40 percent of whom are from Tesla and 27 percent from Li Auto, an executive said.

​Nio mulling takeover of Audi Brussels car plant, report says​

Nio is one of the candidates considering taking over the Audi Brussels car plant in the city of Vorst in Brussels, which is at risk of being shut down, according to a Belgian media report.

​Xpeng P7+ makes real-life debut, launch expected in Q4​

Xpeng's CEO drove a lightly camouflaged P7+ to the Apsara Conference held by Alibaba today.

​Li Auto's cheapest model Li L6 reaches 100,000 delivery milestone​

The Li L6 is now Li Auto's main seller, with monthly deliveries exceeding 20,000 units in each of the last three months.

​China EV insurance registrations for week ending Sept 15: Nio 4,200, Tesla 15,600, Xiaomi 3,100, BYD 86,000​

Li Auto had 12,600 insurance registrations last week, Xpeng 4,300, Zeekr 4,700, Leapmotor 7,900 and Aito 9,600.

​China NEV retail at 445,000 in Sept 1-15, up 12% from same period last month​

China's NEV retail penetration was 53.74 percent in the September 1-15 period, and 45.15 percent year-to-date.

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