CnEVPost Newsletter: Daily Recap Nov 22, 2024 Xiaomi's 2nd EV model could be launched in Q1 2025, report says Xiaomi's second EV model is scheduled to hit the market in February or March next year, internally codenamed MX11, and will compete directly with the Tesla Model Y, according to local media. Nio denies after rumor of acquisition by BYD swirls A Nio executive has denied a rumor that the company will be acquired by BYD, after the fake information circulated widely on social media....

CnEVPost Newsletter: Daily Recap Nov 20, 2024 Nio posts lower-than-expected Q3 revenue, gross margin improves Nio reported weaker-than-expected revenue in the third quarter, which was also below its guidance range. It reported a net loss that was flat from the second quarter, with gross margin improving to 10.7 percent. Nio Q3 earnings call: Sales and profitability targets, new model plans, and more Nio is confident of doubling sales next year and aims to be profitable by 2026. The third...

CnEVPost Newsletter: Daily Recap Nov 19, 2024 China EV insurance registrations for week ending Nov 17: Nio 3,800, Tesla 17,100, Xiaomi 5,700, BYD 94,700 Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200. Xpeng Q3 revenue beats estimates, gross margin hits record high Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations. Nio still hopes to expand...