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Monday, August 2, 2021

China's electric vehicle makers report strong July sales - Reuters

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People stand near the logo of Chinese electric vehicle (EV) maker Li Auto at a product launch event in Beijing, China May 25, 2021. Picture taken May 25, 2021. REUTERS/Yilei Sun

Aug 2 (Reuters) - Electric vehicle sales at China's Li Auto and Xpeng Inc more than tripled in July from a year ago, while they doubled at Nio Inc (NIO.N), helped by robust demand for new energy automobiles in the world's biggest auto market.

The rise in July deliveries comes at a time when electric car makers have been expanding manufacturing capacity in China, encouraged by the country's policy of promoting greener vehicles.

Nio, Li and Xpeng compete with U.S. electric car maker Tesla (TSLA.O), which dominates the EV market in China.

Nio, the maker of the ES8 and ES6 electric sport-utility vehicles, said it delivered a total of 7,931 vehicles in July, up 124.5% from a year earlier. Deliveries had more than quadrupled in July 2020.

Xpeng, which makes the P7 sedan and G3 sport-utility vehicles, said its July deliveries jumped 228% to 8,040 vehicles.

Li, the producer of Li ONE SUVs, said it delivered 8,589 Li ONEs last month, an increase of about 251%.

The strong sales numbers for the EV makers come as a global recovery in auto sales is being threatened by chip shortage that has forced automakers around the world to adjust assembly lines, cut productions and shutter factories.

U.S.-listed shares of Li and Xpeng rose about 5% in early trading on Monday, while Nio gained about 2%.

Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles.

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Report: People Face Barriers to Repairing Their Own Electronic Devices - Public News Service

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ROSLINDALE, Mass. - A new report finds Massachusetts residents would rather repair electronic devices than send them to landfills, but manufacturers often create barriers to making those repairs.

The report says seven of the 10 most popular manufacturers of phones, laptops, appliances and more restrict access to parts and service information - limiting consumers and even repair professionals, from accessing tools, parts, schematics or software.

Janet Domenitz, executive director of the Massachusetts Public Interest Group, said legislation has been pending in the General Assembly for years to ensure the digital "right to repair."

"You know, when you purchase something, the idea is you own it," said Domenitz. "But if you can't fix it, you don't own it, and that's part of our case for passing this law. If you buy a device, you should get the instructions for how it's made, and how you fix it."

The report says in 2020, more than two million Massachusetts users went online to 'iFixit.com' to learn how to repair something. Domenitz noted it's estimated that Commonwealth residents could have saved $870 million last year by repairing devices instead of buying new ones.

Alex Castillo owns Digitech Electronic Solutions, an electronics repair company based in Roslindale. He said bringing devices back to the manufacturer for repair can be time-consuming and expensive, especially for people who may not have transportation or time to take off work.

"Here, luckily, it could be done in fairly quicker time," said Castillo. "And also the amount of money will be a huge discount, compared to going to one of those big manufacturers."

Domenitz added electronic waste is one of the most prevalent and toxic sources of waste. She said it takes 165 pounds of raw material to produce one eight inch cellphone.

And Americans discard more than 415,000 cellphones per day, roughly 8,100 in Massachusetts.

"Disposing of stuff, putting things in landfills and incinerators," said Domenitz. "I mean, that is polluting our air, water, taking up open space."


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