CnEVPost Newsletter: BYD's South Korea battery plant rumors; Xiaomi gets nod to make EVs
CnEVPost Newsletter: BYD's South Korea battery plant rumors; Xiaomi gets nod to make EVs
BYD reportedly in talks to build EV battery plant in South Korea with local automaker
BYD is in talks with KG Mobility to build a joint battery cell plant in South Korea, with plans to have the plant start mass production in January 2025, a South Korean media outlet reported.
Denza starts deliveries of N8 SUV in China
Deliveries of the first Denza N8 vehicles have begun in 12 cities. Production of the Denza N7 has also been accelerated, with deliveries already exceeding 1,000 units this month.
Xpeng rumored to be in talks with Nvidia for customized autonomous driving chip
Xpeng sees Nvidia's Drive Thor's 2,000 Tops of computing power as too much and has made a request for a customized Thor chip with 750 Tops of power, according to local media.
Xpeng starts deliveries of P7i sedan in Europe
Xpeng launched the G9 and P7i to the European market in February and opened customer orders in Denmark, Norway, the Netherlands and Sweden at that time.
Xiaomi gets nod from China's economic planner to produce EVs, report says
Xiaomi has become the fourth company to receive NDRC approval since the end of 2017, bringing it one step closer to mass production of EVs, according to Reuters.
Zeekr reportedly plans to raise $1 billion in IPO
Zeekr plans to begin a new round of communications with investors in late August with an IPO valuation expected to be well over $13 billion, according to local media.
Under-the-radar Chinese EV maker launches 1st model to take on Li Auto's Li L8
Jishi has launched its first model, the Jishi 01 EREV, which shares a large number of suppliers with Li Auto and has a significant price overlap with the Li L8.
China NEV retail sales at 351,000 in Aug 1-20, up 1% from same period last month
In the first three weeks of August, China's NEV penetration at retail stood at 37.06 percent, while it was 33.3 percent year-to-date.