CnEVPost Newsletter: Chinese regulator takes steps to help automakers cope with chip shortage

Chinese regulator takes steps to help automakers cope with chip shortage - CnEVPost — cnevpost.com In the face of a growing chip shortage, the industry's regulator in China is taking action in addition to car companies finding their own ways to deal with it.

NIO now has an exclusive vineyard in France - CnEVPost Providing lifestyle services to vehicle owners is one of NIO's most important endeavors outside of vehicle sales, and now the company has made a new move.

NIO says over 34% of users have swap stations within 3-km radius - CnEVPost The percentage increased by 3.48 percentage points from 30.86 percent at the end of July and by 14.02 percentage points from 20.32 percent at the end of January.

NIO's swap stations reach 428, with 87 new ones added in Aug - CnEVPost As of September 3, NIO has 428 battery swap stations, 291 supercharging stations, 499 destination charging stations, and access to over 400,000 third-party charging piles.

Lotus Technology, owned by Geely and backed by NIO, appoints ex-Jefferies exec as CFO - CnEVPost Lotus Technology announced on August 31 that it had received an investment from NIO Capital, the venture capital arm of NIO.

Tesla said to aim for $25,000 electric car release in 2023 - CnEVPost Musk linked the launch of the new model to Tesla achieving a deployable full self-driving system, even asking employees, "Do we want to have this car come with a steering wheel and pedals?"

BYD's Aug NEV sales rose 302% year-over-year to 61,409 units - CnEVPost BYD sold 30,382 pure electric vehicles in August, up 223 percent from 9,414 units a year earlier. It sold 30,126 units of plug-in hybrids in August, up 556 percent from a year earlier.

Evergrande says it has completed summer testing of five models - CnEVPost A total of 53 vehicles of five models were tested at the same time, according to Evergrande.

Neta signs deal with AI chipmaker Horizon, aims to release jointly built model next year - CnEVPost Neta is currently targeting the affordable market, though a series of recent moves suggest it could launch more competitive models next year.

Chongqing Sokon sold 3,565 NEVs in Aug, up 146% from a year ago - CnEVPost The company sold a total of 19,227 vehicles in August, down 15.42 percent from a year earlier.

Wuling says Mini EV sales top 370,000, unveils two new color options - CnEVPost The Hongguang Mini EV offers 120km, 170km NEDC range options and are priced at RMB 37,600 ($5,820) and RMB 43,600 respectively.

Foxconn ramps up efforts in NEV industry with new investment - CnEVPost Foxconn said one of its subsidiaries signed an agreement with HengDrive, a motor manufacturer, to acquire a 63 percent stake in the latter for about RMB 378 million ($60 million).