CnEVPost Newsletter: BYD Yangwang U9 launched; Lotus Tech debuts on Nasdaq
BYD Yangwang launches U9 electric supercar with starting price of $233,500
The Yangwang U9's powertrain delivers up to 1,306 horsepower, allowing the vehicle to sprint from 0 to 100 kilometers per hour in 2.36 seconds.
BYD to launch updated Han and Tang models on Feb 28
Updated versions of BYD's Han and Tang are poised to take the price war further into the mid- to high-end EV market.
BYD chairman doubles proposed share buyback amount to boost investor confidence
BYD chairman Wang Chuanfu doubled the amount of his proposed buyback of the company's shares in the A-share market to RMB 400 million from RMB 200 million and will be used to reduce registered capital.
BYD's battery unit FinDreams to develop batteries for 2-wheelers
FinDreams said it will offer safer, more reliable batteries for electric two-wheelers, after a recent deadly accident revived concerns about the safety of electric two-wheeler batteries.
Nio's swap station in Denmark has begun offering frequency regulation service to power grid
The service barely affects battery swap stations' ability to provide service to car owners, with one station bringing in revenue in the tens of thousands of euros a year, according to a Nio vice president.
Lotus Tech debuts on Nasdaq with slightly lower market cap than Nio
Lotus Technology has a market capitalization of $9.3 billion, higher than Xpeng's $8.1 billion and slightly lower than Nio's $11.2 billion.