For the first gear ten-spot months, China ‘s NEPV policy registrations edged up 1.77 % year on class to 725,200 units. There were 16,756 vehicles from taiwanese NEV inauguration registered last month, a year-on-year rise of 157.78 %. With around 104,000 units registered, the vehicles made by startups contributed to 14.34 % of China ‘s overall NEPV sales for the Jan.-Oct. period.
In terms of Oct. insurance registrations, the peak five startups were still NIO, Li Auto, Xpeng Motors, HOZON Auto and WM Motor. With 14,739 units registered in total, the five companies accounted for 88 % of the policy book of overall startup-made vehicles. Compared to Sept., the rankings of NIO, Li Auto and Xpeng Motors remained unaltered. HOZON Auto outperformed WM Motor, moving up to the fourth station. NIO’s EC6 coupe SUV posts MoM registration leap The combine registrations of NIO vehicles amounted to 4,880 units in October, growing 2.1 % from the previous calendar month. The month-on-month increase should be wholly credited to the hike in EC6 registrations. The caller started delivering the electric coupe SUV in late September, and saw the insurance volume surge to 836 units last month.
Compared to Sept., both ES6 and ES8 posted decrease, while they were still honored the best-selling and the second best-selling all-electric SUV models in China by Oct. indemnity volume.
NIO EC6 ; photograph credit : NIO
On November 6, NIO launched the 100kWh battery pack with battery ascent plans. The 100kWh cell-to-pack battery pack has realized 37 % higher energy density than the existing 70kWh barrage. Powered by the 100kWh barrage, the NEDC range of the NIO EC6 can increase to 615km. Under the promote design, if users opt to buy an ES8, ES6 or EC6 and subscribe for the 100kWh battery pack under the BaaS ( Battery as a Service ) model, they can purchase the vehicle without battery throng while paying a monthly subscription fee of 1,480 yuan ( $ 225 ). Users of the 70kWh battery gang can choose to either buy a 100kWh battery pack for permanent upgrades or pay a monthly subscription fee of 880 yuan ( $ 134 ) for flexible upgrades. Li ONE once again honored best-selling new energy SUV model in Oct. With 3,438 vehicles registered, Li ONE was once again crowned the hottest-selling new energy SUV model in China by Oct. policy registrations.
notably, Li ONE was besides the best-selling full-sized fresh energy SUV model for the first ten months. The CIRC ‘s data show that the Jan.-Oct. indemnity registrations of the Li ONE reached 22,160 units, 14,726 units more than that of the runner-up NIO ES8. As of October, Li Auto has deployed 41 retail outlets covering 36 cities in China, six of which—Haikou, Xining, Weifang, Wenzhou, Taizhou and Nanzhou—opened their first Li Auto sales center concluding calendar month. Li ONE ; photograph credit : li Auto
The startup plans to make its retail net footfall into such cities as Taiyuan, Yantai, Changchun, Baoding, Hohhot, Tangshan, Fuzhou and Jinhua by the end of this class. lithium Auto delivered 8,660 Li ONEs in the third quarter ( Q3 ) of 2020, up from 6,604 units for the second draw, according to the inauguration ’ mho Q3 fiscal results. The company expects its fomite deliveries to be between 11,000 and 12,000 units for the one-fourth quarter, representing an increase of roughly 27 % to 38.6 % from the previous quarter. Xpeng P7 ranked eighth among premium car models by Oct. registrations
The registrations of Xpeng Motors ‘ vehicles slid 12.7 % over a month earlier to 2,970 units, chiefly due to the downturn in the Xpeng P7 volume. According to the CIRC, among mid-sized premium car models priced at and above 300,000 yuan ( $ 45,515 ), the P7 was ranked eighth by Oct. indemnity volume.
On October 20, the 10,000th P7 rolled off the production course at Xpeng ‘s Zhaoqing plant. It took the inauguration fewer than 160 days to achieve the milestone, making Xpeng the first base EV inauguration in China to make the accomplishment for a single motor in such a short circuit time.
Xpeng P7 ; photograph credit rating : Xpeng Motors
At its 2nd Tech Day in former Oct., Xpeng launched 18 firmware OTA updates, adding 82 new features to its vehicles. The voice adjunct ‘s average monthly utilization rate reached 99.74 % and in-car navigation utilization rate achieved 92.54 %, according to Xpeng ‘s 2020 Smart Car Operations Report. Xpeng ‘s autonomous driving system XPILOT 3.0, planned for release in the first quarter of 2021, will provide Navigation Guided Pilot ( NGP ) for highways and memory car park for carparks. These modern features address some of the major challenges for drivers in China.
HOZON Auto’s two models gain MoM growth in Oct.
HOZON Auto ‘s newly vehicle registrations leapt to 2,077 units in Oct. from 1,669 units in Sept. as both the Nezha N01 and the Nezha U achieved growth. notably, the volume of the Nezha N01 kept continuous month-over-month up momentum for three straight months. The inauguration saw its third product model, the Nezha V smalled-sized SUV, hit the market on Nov. 3. Targeting the entry-level BEV section, the modern exemplary is priced from 59,900 yuan ( $ 9,100 ) to 75,900 yuan ( $ 11,530 ) after subsidies.
Nezha V ; photograph credit : Nezha
HOZON Auto said it received orders of 1,260 Nezha Vs on the first day when the new model became available for sale. The company has initiated its Series C financing and attempts to have its shares trade on the Science and Technology Innovation Board ( STAR Market ) next year. As of now, HOZON Auto has completed four rounds for financing with over 6.25 billion yuan ( $ 949.689 million ) gathered in sum. WM Motor faces double-digit MoM drop in Oct. registrations WM Motor saw its sum registrations dip 19 % month on calendar month to 1,374 units. Both theEX5 and theEX6 faced decrease over the former month, while the overall downturn should be more impute to the chute in the EX5 ‘s bulk.
Shanghai Securities Regulatory Bureau exposed in Oct. WM Motor was receiving pre-listing tutor and planned to go populace at the STAR Market in early 2021.
WM EX6 Plus ; photo credit : WM Motor
According to the corporate data platform Tianyancha, WM Motor Technology Group Company Limited has acquired 15 % stake in a Hunan-based software technical school company, joining the growing phone number of automakers that attempt to get a beachhead in software world.
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WM Motor has reportedly signed a probationary agreement with Uber to export the WM EX5 to more than 10 european countries, as an optional fomite for Uber ‘s drivers. It may be the adjacent taiwanese startup stepping into oversea market following NIO, Xpeng Motor and AIWAYS .
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