CnEVPost Newsletter: China voices strong support for economy

EV stocks surge in Hong Kong as top meeting vows to stabilize China's economy - CnEVPost — cnevpost.com At press time, NIO was up 6.96 percent in Hong Kong, XPeng was up 5.61 percent and Li Auto was up 7.08 percent.

China plans to end crackdown on tech giants amid economic slowdown, reports say - CnEVPost China plans to hold a symposium with the country's big tech companies to show them that the regulatory storm will end to support the economy, according to multiple reports.

China, US in talks over on-site audit inspections, report says - CnEVPost The Chinese government is discussing with US regulators the logistics of allowing on-site audit inspections of Chinese companies listed in New York, according to Bloomberg.

NIO sees first tooling trial builds of ET5 roll off line - CnEVPost The ET5, set to begin deliveries in September, is being produced at NIO's second production facility in NeoPark.

XPeng to report Q1 earnings on May 23 - CnEVPost XPeng delivered 34,561 vehicles in the first quarter, up 159 percent year-on-year and above the upper end of the guidance range of 33,500 to 34,000 vehicles.

BYD recalls 9,663 Tang DM vehicles due to battery pack safety hazards - CnEVPost Up to now, the cumulative sales of the Tang family of models have exceeded 320,000 units.

Tesla recalls 14,684 Model 3 vehicles in China due to software issue - CnEVPost This comes less than a month after Tesla last recalled 127,785 Model 3 vehicles in China.

CATL says it has renegotiated prices with customers to jointly address supply chain pressures - CnEVPost CATL is very cautious when it comes to prices in order to maintain a healthy industry, but prices have risen too quickly this year, an executive said.

CATL reportedly ramping up efforts on CTC technology that integrates batteries into vehicle chassis - CnEVPost An executive from Huawei's intelligent vehicle solutions BU has joined CATL to head up the CTC battery-chassis integration business, according to local media.

Didi said to have entered driverless truck space - CnEVPost Didi has entered the Robotruck space, with the project forming a team about 1.5 years ago, according to local media.

Chinese firm Desay SV unveils vehicle computing platform with total power of over 2,000 TOPS - CnEVPost The computing platform is equipped with mainstream computing chips and integrates core functional domains including smart cabin, smart driving, and internet-connected services.