CnEVPost Newsletter: Wall Street on Nio job cut; Xpeng launches lower-priced P7i

Nio's job cut could save up to RMB 2 billion per year, says Deutsche Bank

"While management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the right direction," Edison Yu's team said.

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Vlogger ruled to apologize to Nio and pay financial damages for reputation infringement

The vlogger was ordered to post apologies on his Douyin account for 90 consecutive days and to compensate Nio for financial losses totaling more than 600,000 yuan in a first instance ruling.

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Xpeng launches LFP battery-equipped variants of P7i with starting price reduced by $3,570

Xpeng launched two new variants of the P7i with a CLTC range of 550 kilometers at a reduced starting price of RMB 223,900.

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Zeekr names its 1st sedan Zeekr 007, pre-sales to begin on Nov 17

The Zeekr 007 will be Zeekr's first sedan and its first model for the mainstream market, as all three of its current models on sale are aimed at niche markets.

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Huawei and Chery's joint EV brand Luxeed to start pre-sales of its debut model on Nov 9

Luxeed shared images of the Luxeed S7 on Weibo, showing off the exterior details of the sedan.

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SAIC's MG brand sees 1st Thailand-made MG4 EV roll off line

MG topped China's NEV exports in the first half of this year with a 25.3 percent share.

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