China EVs & More Episode #43 - Nov EV sales, Li Auto Q3 earnings
Tu and Lei start the show with their thoughts on November sales. They also have a discussion of next year's predicted sales of up to 5M unit sales of NEVs and any constraints that could cause a hiccup to the continued growth.
They move on to how Pony and Baidu/Apollo were the first in China to receive the licenses in Beijing to charge for their robotaxi rides. A big step forward for both companies in the race to be first/best but also a big step forward for the city of Beijing beating Shanghai to be first.
Lei then unpacks Li Auto's Q3 earnings while discussing whether or not China's Big 3 (NIO, Li Auto, XPeng) would need to delist in the coming years due to the new rules for foreign companies listing in the US.
The last topic Tu and Lei discuss is news about Factorial Energy's recent partnership announcements with Mercedes and Stellantis and a broader discussion on the state of solid-state battery development.
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