CnEVPost Newsletter: BYD officially unveils new brand; CATL unveils new battery
Fang Cheng Bao's first model, the Bao 5, will make its real-life debut on August 25 at the Chengdu auto show. In addition to the Bao 5, BYD today unveiled the Bao 3, and the Super 8, a concept for the Bao 8.
The Shenxing Battery will be mass-produced by the end of 2023 and available in the first quarter of 2024, allowing vehicles to get up to 700 kilometers of range.
Deutsche Bank expects Nio to report revenue of 9.1 billion yuan in the second quarter, in line with current consensus estimates.
Tesla's revamped Model 3 is expected to go on sale in China within half a month, with some stores already accepting reservations from consumers for the new model, according to local media.
Tesla has nearly doubled the discounts for the Model S and Model X in China from what it was previously offering, after it began a promotion for both models on July 1.
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