CnEVPost Newsletter: NIO announces plan for secondary listing in Singapore

For the first phase of the NeoPark infrastructure project, with a total investment of RMB 4.07 billion, Hefei received RMB 2.45 billion in funding through a government bond issue.

XPeng’s move is expected to further increase the penetration of NGP and accelerate the unification of assisted driving hardware and software.

Tesla is aiming to run two shifts at its Shanghai plant from May 16 to produce 2,600 vehicles a day, according to Reuters.

At press time, NIO was down 12.41 percent, XPeng was down 9.4 percent, Li Auto was down 3.61 percent and BYD was down 3.02 percent.

CATL is in the final stages of reviewing locations for EV battery production in the US, Reuters reported.

The move is based on the company’s confidence in its future growth prospects and to further establish a sound long-term incentive mechanism, Gotion said.

In April, China’s auto sales are expected to be 1.171 million units, down 47.6 percent from March and down 48.1 percent year-on-year, the CAAM said today.