CnEVPost Newsletter: CICC raises forecast for NIO's sales; XPeng HK 'grey market' trading

CICC raises its forecast for NIO's sales this year by 5% to 98,000 units - CnEVPost — cnevpost.com After China's new car makers posted a bright June sales performance, CICC expects their production and sales to remain strong in the second half of the year.

NIO developing most potent unmatched sales force in auto world - CnEVPost An in-depth analysis of NIO by an investor.

NIO trying to drive sales with mystery box, which is popular among young people - CnEVPost Mystery box or blind box is a popular species among young Chinese consumers in recent years, even creating Pop Mart, a Hong Kong-listed company with a market capitalization of HK$102.3 billion ($13 billion).

XPeng closes down 1.82% on HK 'grey market' trading - CnEVPost XPeng Motors opened up 1.5 percent in 'grey market' trading on Tuesday, but quickly turned lower. Official trading of its shares will begin on Wednesday.

XPeng CEO says more players joining EV bandwagon could accelerate paradigm shift in auto industry - CnEVPost "Because the entry of these companies will accelerate the pie getting bigger, accelerate the smart experience getting stronger, and ultimately can accelerate the change or even disrupt the original model and system of the automotive industry," he wrote.

XPeng's HK public offering gets about 14 times oversubscribed - CnEVPost Following its launch on June 25, XPeng Motors' global offering has closed and its international offering and Hong Kong public offering were both oversubscribed.

HK investors can trade XPeng on 'grey market' before official trading starts, what exactly is this? - CnEVPost Hong Kong investors will be able to trade XPeng shares on the grey market from 16:15-18:30 Beijing time on July 6, prior to the start of official trading.

Analysts say BYD's full transition to NEVs about to happen - CnEVPost After BYD announced its June sales figures on Monday, analysts believe its full transition to new energy vehicles (NEVs) is about to be realized.

Horizon Robotics' AI chip with up to 128 TOPS computing power gets key certification - CnEVPost Horizon Robotics has received SGS-TÜV ISO 26262 ASIL-B Ready functional safety product certification for its Journey 5 chip with up to 128 tera operations per second (TOPS) of AI computing power, paving the way for mass production.

Geely sold 7,515 NEVs in June, down 14% from a year earlier - CnEVPost Geely's all vehicle sales totaled 100,163 units in June, down about 9 percent from a year ago and up about 4 percent from May.

User frustrated by lagging VW ID.4 X car interface - CnEVPost A video circulated on Weibo on Tuesday shows a user complaining that the SAIC Volkswagen ID.4 X car system is stuck in the startup screen and the vehicle cannot perform any operation, even the air conditioning cannot be turned on.

GAC Aion sold 10,403 units in June, up 190 percent year-on-year - CnEVPost This is the second consecutive month that the brand has sold more than 10,000 units per month, and its May sales exceeded this threshold for the first time, increasing 154 percent year-on-year to 10,395 units.

Xiaomi files patent that can adjust tire hardness based on temperature - CnEVPost Xiaomi, the smartphone giant that announced this year that it was jumping on the car-making bandwagon, is increasing its technological presence in the automotive field.

OTA upgrade lets Polestar 2 users use smartphones as car keys - CnEVPost Polestar said Tuesday that Polestar 2 users can use their smartphones as car keys as an alternative to traditional keys.

Newspaper focuses on why legacy car makers lag behind in EV market - CnEVPost What traditional car companies hate about themselves is that they seem to understand why the new car makers are winning, but they just can't do it right.