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Timothytan12
2021-03-11
To the moon
Tesla’s China-made Model Y takes off despite holiday car sales slump
Timothytan12
2021-03-05
🚀🌑
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electric vehicle market.BEIJING —Tesla’s Model Y is getting off to a solid start in China, less than three months","content":"<div>\n<p>KEY POINTSTesla’s Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.Tesla announced on New Year’s Day ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/11/teslas-china-made-model-y-takes-off-despite-holiday-car-sales-slump.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla’s China-made Model Y takes off despite holiday car sales slump</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s China-made Model Y takes off despite holiday car sales slump\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 11:35 GMT+8 <a href=https://www.cnbc.com/2021/03/11/teslas-china-made-model-y-takes-off-despite-holiday-car-sales-slump.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSTesla’s Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.Tesla announced on New Year’s Day ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/11/teslas-china-made-model-y-takes-off-despite-holiday-car-sales-slump.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/03/11/teslas-china-made-model-y-takes-off-despite-holiday-car-sales-slump.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196242388","content_text":"KEY POINTSTesla’s Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.Tesla announced on New Year’s Day the China-made mid-size SUV would begin deliveries at a price that Chinese media said was 30% cheaper than previously announced.The data show Chinese start-ups still lag bigger automakers in China’s electric vehicle market.BEIJING —Tesla’s Model Y is getting off to a solid start in China, less than three months since deliveries began.The mid-size SUV was the third best-selling electric car in February at 4,630 vehicles, according to data released Wednesday by the China Passenger Car Association. Taking January into account, the data showed the car was the ninth-best seller among new energy vehicles, a category that includes electric cars.Tesla announced on New Year’s Day its China-madeModel Y would begin deliveriesat a price that Chinese media said was 30% cheaper than previously announced.The Model Y was popular even though car sales typically fall during the week-long Lunar New Year holiday, which was in February this year.Nationwide passenger car sales fell 45.5% in February from January, according to the association. For the first two months of the year, that data showed nearly 3.34 million passenger cars have been sold in China, with new energy vehicles accounting for 7.5%.Chinese electric car start-upsXpengandLi Autoboth announced asharp drop in deliveries in Februaryto just over 2,000 vehicles each and low forecasts for the first quarter. RivalNioled the group withroughly twice the deliveries in Februaryand a much higher guidance for the quarter.The three Chinese start-ups’ vehicles rank among the top 15 new energy cars sold in China in the first two months of the year, according to the passenger car association data.Tesla’s Model 3 takes second placeBut the start-ups still lag bigger automakers in China’s electric vehicle market.First place went to the Hongguang Mini, a low-cost miniature electric car developed by General Motors’ joint venture with Wuling Motors and state-owned SAIC Motor.Tesla’s Model 3 sedan, which was the best-selling electric car in China last year, ranked second for February and the first two months of the year, according to the association’s data.In third place for January and February combined wasBYD’s luxury Han sedan, the data showed. The vehicle, which comes in both pure-electric and hybrid models, has surged in popularity since its launch last summer.Due to reliance on self-reporting, some in China’s auto industry have cast doubt on the accuracy of the association’s figures.","news_type":1},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367280075,"gmtCreate":1614954194797,"gmtModify":1703483408613,"author":{"id":"3575359419941977","authorId":"3575359419941977","name":"Timothytan12","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359419941977","authorIdStr":"3575359419941977"},"themes":[],"htmlText":"🚀🌑","listText":"🚀🌑","text":"🚀🌑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/367280075","repostId":"1196034072","repostType":4,"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":367280075,"gmtCreate":1614954194797,"gmtModify":1703483408613,"author":{"id":"3575359419941977","authorId":"3575359419941977","name":"Timothytan12","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359419941977","authorIdStr":"3575359419941977"},"themes":[],"htmlText":"🚀🌑","listText":"🚀🌑","text":"🚀🌑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/367280075","repostId":"1196034072","repostType":4,"repost":{"id":"1196034072","kind":"news","pubTimestamp":1614953178,"share":"https://www.laohu8.com/m/news/1196034072?lang=&edition=full","pubTime":"2021-03-05 22:06","market":"us","language":"en","title":"Is The Nio Sell-Off Overdone?","url":"https://stock-news.laohu8.com/highlight/detail?id=1196034072","media":"Benzinga","summary":"NIO Inc. shares have been soundly thrashed in the tech sell-off, and thequarterlyreport released ea","content":"<p><a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> shares have been soundly thrashed in the tech sell-off, and thequarterlyreport released earlier this week did little to assuage sentiment. The stock is now in bear market territory, having pulled back 35.7 % from the Feb. 10 high of $64.60.</p><p>Is the sell-off in the shares justified? Did fundamentals flash the red light to investors, who were thronging to the stock in droves ahead of the current downturn?</p><p><b>The 2020 Highs:</b> The COVID-19 pandemic, which broke out at the end of 2019 and ravaged the global economies for much of 2020, proved a blessing for some companies that benefited from the adversity.</p><p>Nio, a luxury EV maker, should have taken a big hit in the year, as cash-strapped users preferred to hold back on big-ticket buys. The company did have its momentum of despair in the first two months of 2020. Not bogged down by the adverse geopolitical milieu, the EV startup chose to be proactive instead. The company announced several innovative product andservice offerings.</p><p>Deliveries continued to climb through the year, with Nio's charismatic CEO William Bin attributing the strength to the growing recognition of its premium brand, the competitive and compelling products and services, the expanding sales network, and most importantly, the support from its passionate and loyal user community.</p><p>For 2020, Nio delivered 43,728 vehicles, an increase of 111% year-over-year.</p><p>The company also managed to rein in costs, giving margins a lift. It also succeeded in mobilizing finances through a combination of equity, debt and strategic investments, removing a key existential risk it faced in 2019.</p><p>Promptly the stock began discounting the fundamental improvement and closed out 2020 with a gain in excess of 1,100%. The strong rally stretched valuation to levels, with some skeptics beginning to question the irrational exuberance in the stock.</p><p><b>Fundamentals, Stock Pause At Start of 2021:</b> Nio had a strong start to the year, as it continued to clock record monthly deliveries in January. The stock raced to a record high of $66.99 on Jan. 11, as it reacted to the announcements the company made at the annual Nio Day held on Jan. 10.</p><p>Thereafter, it has been a bumpy ride for the stock. Since the start of February, the stock has been caught in the vortex of the tech sell-off. Incidentally, market leader and EV pioneer<b>Tesla, Inc.</b>TSLAwas not spared either. Since the all-time split-adjusted high of $900.40 hit in late January, Tesla shares have given back over 30%.</p><p>Nio investors were pinning their hopes on a stellar fourth-quarter report to lift the stock from the depressed levels. It was not to be. The stock continued to bleed despite the EV maker reporting $1 billion revenues for the quarter and seeing an expansion in gross margins.</p><p>Naysayers were quick to highlight the wider-than-expected loss and the month-over-month drop in deliveries.</p><p>As outlined by Deutsche Bank Securities analyst Edison Yu, the underperformance on the bottom line had to do with forex losses, engendered by a weaker dollar.</p><p>Although initially Nio did not explain away the February softness, it later clarified in a blog post the weeklong Lunar New Year holiday that fell in the month played spoilsport.</p><p>\"The majority of the employees receive seven days off work as a public holiday to spend time with their families, though the celebrations can last for more than two weeks nationwide. Most of the factories were shut down for weeks, and many products that rely on shipping and manufacturing might have been delayed,\" Nio said in the post.</p><p><b>Is Recovery In The Cards:</b> The company has several catalysts ahead, including the launch of its first sedan, named ET7, and its plan to expand into Europe this year. The company is also making solid progress with respect to its advanced driver-assisted system, battery technology and battery swapping stations.</p><p>With the increasing uptake of its battery-as-a-service offering and its recently announced autonomous driving-as-a-service, the company has laid the groundwork for recurrent revenue streams.</p><p>This apart, the attractive market opportunity presented by the burgeoning EV market, both domestically and globally, will prove salubrious for the company. There is no denying the fact that EV manufacturing is turning out to be a crowded field. However, early entrants such as Nio are at an advantage, given their experiences in grinding it out in the early stages.</p><p>Patient investors, who are willing to ride out the trying times, could be in for rich rewards when things settle down.</p><p>Nio shares closed down 5.5% at $39.28, with the stock dropping below the $40 handle for the first time since mid-December.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is The Nio Sell-Off Overdone?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs The Nio Sell-Off Overdone?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 22:06 GMT+8 <a href=https://www.benzinga.com/news/21/03/20016348/is-the-nio-sell-off-overdone><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO Inc. shares have been soundly thrashed in the tech sell-off, and thequarterlyreport released earlier this week did little to assuage sentiment. The stock is now in bear market territory, having ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/03/20016348/is-the-nio-sell-off-overdone\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.benzinga.com/news/21/03/20016348/is-the-nio-sell-off-overdone","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196034072","content_text":"NIO Inc. shares have been soundly thrashed in the tech sell-off, and thequarterlyreport released earlier this week did little to assuage sentiment. The stock is now in bear market territory, having pulled back 35.7 % from the Feb. 10 high of $64.60.Is the sell-off in the shares justified? Did fundamentals flash the red light to investors, who were thronging to the stock in droves ahead of the current downturn?The 2020 Highs: The COVID-19 pandemic, which broke out at the end of 2019 and ravaged the global economies for much of 2020, proved a blessing for some companies that benefited from the adversity.Nio, a luxury EV maker, should have taken a big hit in the year, as cash-strapped users preferred to hold back on big-ticket buys. The company did have its momentum of despair in the first two months of 2020. Not bogged down by the adverse geopolitical milieu, the EV startup chose to be proactive instead. The company announced several innovative product andservice offerings.Deliveries continued to climb through the year, with Nio's charismatic CEO William Bin attributing the strength to the growing recognition of its premium brand, the competitive and compelling products and services, the expanding sales network, and most importantly, the support from its passionate and loyal user community.For 2020, Nio delivered 43,728 vehicles, an increase of 111% year-over-year.The company also managed to rein in costs, giving margins a lift. It also succeeded in mobilizing finances through a combination of equity, debt and strategic investments, removing a key existential risk it faced in 2019.Promptly the stock began discounting the fundamental improvement and closed out 2020 with a gain in excess of 1,100%. The strong rally stretched valuation to levels, with some skeptics beginning to question the irrational exuberance in the stock.Fundamentals, Stock Pause At Start of 2021: Nio had a strong start to the year, as it continued to clock record monthly deliveries in January. The stock raced to a record high of $66.99 on Jan. 11, as it reacted to the announcements the company made at the annual Nio Day held on Jan. 10.Thereafter, it has been a bumpy ride for the stock. Since the start of February, the stock has been caught in the vortex of the tech sell-off. Incidentally, market leader and EV pioneerTesla, Inc.TSLAwas not spared either. Since the all-time split-adjusted high of $900.40 hit in late January, Tesla shares have given back over 30%.Nio investors were pinning their hopes on a stellar fourth-quarter report to lift the stock from the depressed levels. It was not to be. The stock continued to bleed despite the EV maker reporting $1 billion revenues for the quarter and seeing an expansion in gross margins.Naysayers were quick to highlight the wider-than-expected loss and the month-over-month drop in deliveries.As outlined by Deutsche Bank Securities analyst Edison Yu, the underperformance on the bottom line had to do with forex losses, engendered by a weaker dollar.Although initially Nio did not explain away the February softness, it later clarified in a blog post the weeklong Lunar New Year holiday that fell in the month played spoilsport.\"The majority of the employees receive seven days off work as a public holiday to spend time with their families, though the celebrations can last for more than two weeks nationwide. Most of the factories were shut down for weeks, and many products that rely on shipping and manufacturing might have been delayed,\" Nio said in the post.Is Recovery In The Cards: The company has several catalysts ahead, including the launch of its first sedan, named ET7, and its plan to expand into Europe this year. The company is also making solid progress with respect to its advanced driver-assisted system, battery technology and battery swapping stations.With the increasing uptake of its battery-as-a-service offering and its recently announced autonomous driving-as-a-service, the company has laid the groundwork for recurrent revenue streams.This apart, the attractive market opportunity presented by the burgeoning EV market, both domestically and globally, will prove salubrious for the company. There is no denying the fact that EV manufacturing is turning out to be a crowded field. However, early entrants such as Nio are at an advantage, given their experiences in grinding it out in the early stages.Patient investors, who are willing to ride out the trying times, could be in for rich rewards when things settle down.Nio shares closed down 5.5% at $39.28, with the stock dropping below the $40 handle for the first time since mid-December.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321240308,"gmtCreate":1615443616504,"gmtModify":1703489125103,"author":{"id":"3575359419941977","authorId":"3575359419941977","name":"Timothytan12","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359419941977","authorIdStr":"3575359419941977"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321240308","repostId":"1196242388","repostType":4,"repost":{"id":"1196242388","kind":"news","pubTimestamp":1615433750,"share":"https://www.laohu8.com/m/news/1196242388?lang=&edition=full","pubTime":"2021-03-11 11:35","market":"us","language":"en","title":"Tesla’s China-made Model Y takes off despite holiday car sales slump","url":"https://stock-news.laohu8.com/highlight/detail?id=1196242388","media":"cnbc","summary":"Tesla’s Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.Tesla announced on New Year’s Day the China-made mid-size SUV would begin deliveries at a price that Chinese media said was 30% cheaper than previously announced.The data show Chinese start-ups still lag bigger automakers in China’s electric vehicle market.BEIJING —Tesla’s Model Y is getting off to a solid start in China, less than three months","content":"<div>\n<p>KEY POINTSTesla’s Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.Tesla announced on New Year’s Day ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/11/teslas-china-made-model-y-takes-off-despite-holiday-car-sales-slump.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s China-made Model Y takes off despite holiday car sales slump\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 11:35 GMT+8 <a href=https://www.cnbc.com/2021/03/11/teslas-china-made-model-y-takes-off-despite-holiday-car-sales-slump.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSTesla’s Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.Tesla announced on New Year’s Day ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/11/teslas-china-made-model-y-takes-off-despite-holiday-car-sales-slump.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/03/11/teslas-china-made-model-y-takes-off-despite-holiday-car-sales-slump.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196242388","content_text":"KEY POINTSTesla’s Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.Tesla announced on New Year’s Day the China-made mid-size SUV would begin deliveries at a price that Chinese media said was 30% cheaper than previously announced.The data show Chinese start-ups still lag bigger automakers in China’s electric vehicle market.BEIJING —Tesla’s Model Y is getting off to a solid start in China, less than three months since deliveries began.The mid-size SUV was the third best-selling electric car in February at 4,630 vehicles, according to data released Wednesday by the China Passenger Car Association. Taking January into account, the data showed the car was the ninth-best seller among new energy vehicles, a category that includes electric cars.Tesla announced on New Year’s Day its China-madeModel Y would begin deliveriesat a price that Chinese media said was 30% cheaper than previously announced.The Model Y was popular even though car sales typically fall during the week-long Lunar New Year holiday, which was in February this year.Nationwide passenger car sales fell 45.5% in February from January, according to the association. For the first two months of the year, that data showed nearly 3.34 million passenger cars have been sold in China, with new energy vehicles accounting for 7.5%.Chinese electric car start-upsXpengandLi Autoboth announced asharp drop in deliveries in Februaryto just over 2,000 vehicles each and low forecasts for the first quarter. RivalNioled the group withroughly twice the deliveries in Februaryand a much higher guidance for the quarter.The three Chinese start-ups’ vehicles rank among the top 15 new energy cars sold in China in the first two months of the year, according to the passenger car association data.Tesla’s Model 3 takes second placeBut the start-ups still lag bigger automakers in China’s electric vehicle market.First place went to the Hongguang Mini, a low-cost miniature electric car developed by General Motors’ joint venture with Wuling Motors and state-owned SAIC Motor.Tesla’s Model 3 sedan, which was the best-selling electric car in China last year, ranked second for February and the first two months of the year, according to the association’s data.In third place for January and February combined wasBYD’s luxury Han sedan, the data showed. The vehicle, which comes in both pure-electric and hybrid models, has surged in popularity since its launch last summer.Due to reliance on self-reporting, some in China’s auto industry have cast doubt on the accuracy of the association’s figures.","news_type":1},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}