CnEVPost Newsletter: Are NIO and BYD affected by latest power crunch in China?

Are NIO and BYD affected by latest power crunch in China? - CnEVPost — cnevpost.com NIO was not allowed to turn on the air conditioning at one of its NIO houses in Chengdu because of a power crunch, while BYD's battery factory in Chongqing suffered a brief power outage.

Chongqing begins limiting industrial power use as high temperatures continue to set new records - CnEVPost A large number of semiconductor makers, including SK Hynix and NXP Semiconductors, have factories in Chongqing, and power shortages could have an impact on semiconductor supplies.

NIO exec disagrees ultra-fast charging will make swap stations uncompetitive - CnEVPost Fast charging is great, but battery swap stations are still more competitive, NIO vice president Shen Fei said.

NIO among top 3 most popular firms for young talents in China, report shows - CnEVPost NIO ranked third, behind ByteDance and Meituan, and ahead of Tencent.

Morgan Stanley on XPeng S4 supercharger: High-power charging race has begun in China - CnEVPost The growing number of models that support high-power charging will drive the adoption of EVs to a critical mass, which could double the speed of China's transition to EVs, Morgan Stanley said.

Deutsche Bank cuts Li Auto price target further to $28, citing long-term prospect concerns - CnEVPost Li Auto's management could achieve its goal of transitioning from EREV to BEV, but the road ahead could get much rockier, said Edison Yu's team.

Chinese premier visits BYD HQ, encourages NEV maker to become an 'ace' - CnEVPost BYD has both the spirit of science and craftsmanship and if the two are combined, it can become an ace, said Chinese Premier Li Keqiang.

Xiaomi Auto to use batteries from CATL and BYD, report says - CnEVPost Xiaomi Auto's first car will offer two spec options, with the lower model using BYD batteries and the higher model using CATL's batteries, according to local media.

Evergrande NEV reportedly may be acquired by another automaker - CnEVPost Evergrande NEV's plant in Tianjin will halt production from August 18 due to a shortage of materials, according to local media.

Sunwoda's EV battery unit reportedly closes $1.18 billion in new financing - CnEVPost The latest financing brings Sunwoda EVB's valuation to about RMB 30 billion and takes it one step closer to a spin-off IPO.