CnEVPost Newsletter: Car owners react to statement defending NIO

More owners object to joint statement defending NIO - CnEVPost — cnevpost.com As of press time, information from the NIO App shows that 4,594 people have participated in the topic of objecting to the statement.

Chip shortage fears resurface, does NIO need to worry? - CnEVPost Bosch on Wednesday announced closure of its Malaysian factory which supplies NIO, TSLA, Audi, VW, BMW & others. Audi Production may be closed due to this.

China Evergrande said to be in talks with firms including NIO, XPeng to sell EV unit - CnEVPost Evergrande Group is currently in talks with several companies, including NIO, XPeng Motors and Xiaomi, to sell its electric vehicle business.

NIO-backed digital energy solutions provider NewLink closes $300 million in new financing - CnEVPost NIO Capital, the venture capital business of NIO, first invested in NewLink in 2019 and has participated in a total of three of its financings.

Tesla, NIO supplier CATL to build manufacturing base in Shanghai - CnEVPost CATL and the Shanghai government signed an agreement to build a manufacturing base in the city that is expected to make it more convenient for Tesla's battery supply.

WM Motor boasts its modified car can accelerate from 0 to 100 km/h in 1.8 seconds - CnEVPost The WM Weltmeister can accelerate from 0 to 100 kilometers per hour in 1.8 seconds, which surpasses the Tesla Roadster, Bugatti Chiron, and Porsche 918 Spyder Hybrid.

CITIC Securities says BYD's reasonable market value should exceed RMB 1 trillion - CnEVPost More analysts believe BYD's market capitalization will exceed 1 trillion yuan.

Toyota said to cut its global car production plan in September by 40% - CnEVPost Toyota originally aimed to build fewer than 900,000 vehicles in September, a figure that has been reduced to 500,000.

Carmakers should not exaggerate assisted driving, drivers should increase awareness, experts say - CnEVPost Although car companies provide instructions and video tutorials for the assisted driving feature, the driver is the one who is responsible when the vehicle is in motion, Wang said.

Self-driving firm Fabu Technology closes new $15 million round of funding - CnEVPost The funding will be used to land vehicle-road-cloud integrated product solutions in port transportation and urban feeder scenarios.

Great Wall Motor acquires Daimler's plant in Brazil - CnEVPost The plant delivery is expected to be completed by the end of 2021, and it will have an annual capacity of 100,000 vehicles after the renovation.

Great Wall Motor sold 2,932 units in Russia in July, up 60% year-over-year - CnEVPost — cnevpost.com Great Wall Motor's sales in Russia from January to July reached 19,167 units, up 126 percent year-over-year.

Leap Motor announces closing of $690 million in new financing - CnEVPost Hangzhou government fund invested RMB 3 billion and other investors included CICC Capital, according to the announcement.

Svolt Energy forms new firm in Shanghai - CnEVPost The company's business scope covers automotive parts development, artificial intelligence application software development, and new energy vehicle battery accessory sales.

Geely discloses patent for autonomous driving controls - CnEVPost — cnevpost.com "The invention provides a safe and comfortable method of parking for autonomous driving control," the patent abstract states.

Tencent's new patent can identify license plate numbers and establish communication - CnEVPost Tencent has disclosed a patent involving vehicle communication that is expected to facilitate contact between unfamiliar car owners.

OPPO discloses patent related to vehicle lights control - CnEVPost Although it has not yet been announced that it will enter the field of car making, OPPO is disclosing more and more patents related to vehicles.

LiDAR supplier RoboSense says it has begun deliveries to customers in North America - CnEVPost The RS-LiDAR-M1 is the world's first mass-produced solid-state LiDAR, the company said, adding that it has now completed more than a dozen deliveries.

China FAW steps up efforts on self-driving technology - CnEVPost FAW is pushing forward the second phase of its Intelligent Network Connection Project to accelerate the development and operation of Hongqi intelligent vehicles.

Shanghai launches pilot project for self-driving buses - CnEVPost The project's route is 8.5 kilometers, includes eight stops, operates for 30 minutes in a single trip, and passengers can make reservations through the WeChat mini program.

China to create more convenience for NEVs in charging and use - CnEVPost Chinese cities are encouraged to create more convenience for new energy vehicles in scenarios including charging, traffic access, and parking, said Gao Feng, a spokesman for the Ministry of Commerce, on Thursday.