CnEVPost Newsletter: NIO surges in Hong Kong; China studies 'extraordinary' policies to stabilize manufacturing growth

CICC says NIO is a leader in the premium smart electric vehicle segment, and that its NT 2.0 platform models will bring new growth momentum.

China is set to introduce extraordinary policies to address the risk of a lack of investment momentum in manufacturing downstream companies whose profits are being squeezed.

In addition to NIO, Tesla’s stores in Shanghai are also seeing a lot of customers again, with one store selling nearly 50 cars in a single day.

Consumers who take delivery this year will receive a purchase subsidy of at least RMB 11,340.

This is NIO’s first new battery swap station in Shanghai since the Covid lockdown was lifted, bringing the total number of the facility to 980.

According to Chinese policy, NEVs sold to corporate customers need to reach 20,000 kilometers of driving range within 2 years or they will not receive the purchase subsidy.

Apple unveiled its next-generation CarPlay at the WWDC22 earlier this month, sparking widespread discussion in the automotive industry.

CATL’s battery swap brand EVOGO today put three battery swap stations into operation in Hefei and expects to have 20 such facilities in the city by the end of this year.

CATL has equipped seven of its global production sites with 5G connectivity and aims to extend it to all 10 sites in the future.

IM Motors L7 is positioned similarly to NIO’s ET7 sedan, which began delivery in late March, as a mid-size, all-electric premium sedan.

Alibaba-backed DeepRoute will provide self-driving medium-duty trucks to Deppon and they will provide the courier company with a year-long regular freight transit service.