CnEVPost Newsletter: NIO ET5 rumors; ES8 Norway pricing to be known this month

NIO’s pricing in Norway will take into account tariffs and shipping costs, but will not seek higher gross margins, the company had said.

XPeng Motors said Monday that it will unveil a new product Tuesday that it calls the “smart new species.”

SK Innovation signed a contract with XPeng in July to supply it with high nickel batteries with 80 percent nickel content, according to the report.

These over-allotment shares will be listed on the main board of the Hong Kong Stock Exchange starting at 9 am on September 8, Li Auto said.

BYD said Friday that it sold 61,409 new energy vehicles in August, up 302 percent from a year ago and about 22 percent from July.

Geely said the Covid-19 outbreak in some regions and a global chip supply shortage affected its deliveries in August, but retail sales were still at an all-time high for the same period.

After removing the head of its smart driving product unit in July, Huawei recently announced its latest structural changes to its automotive business unit.

Smart’s new car will be built at a new plant in Xi'an, China, which will have an annual capacity of about 150,000 units.

The global NEV sales are expected to grow 84 percent to 5.96 million units in 2021 and 40 percent to 8.37 million units in 2022, said CITIC Securities.

Officials from China’s top economic planner, the National Development and Reform Commission, recently researched the “battery swap model” of new energy vehicles and its application in Beijing.

With the development of smart connected cars, cyber data security issues have come to the fore and could pose significant security risks, a senior Chinese official said.