CnEVPost Newsletter: Deutsche Bank reiterates Buy rating on NIO; BYD NEV sales

Deutsche Bank says investors underappreciate NIO's potential in overseas markets, reiterates Buy rating - CnEVPost — cnevpost.com NIO announced plans to enter overseas markets a month ago, with Norway as the first stop. In the view of Deutsche Bank analyst Edison Yu's team, investors are currently underestimating NIO's potential in this aspect.

XPeng opens first flagship experience center in major brand upgrade - CnEVPost XPeng Motors has opened its first flagship experience center in China, its latest effort at branding upgrades after launching its first supercharger station with a new brand identity earlier this year.

Investigation finds accident that killed one police officer unrelated to quality of Tesla vehicle - CnEVPost The accident had nothing to do with the Tesla-branded vehicle itself, and police identified that the driver was fully responsible.

BYD sold 32,800 new energy vehicles in May, up 190% year-on-year - CnEVPost BYD sold 31,681 new energy passenger vehicles in May, including 18,711 pure electric vehicles and 12,970 plug-in hybrids.

Chery sold 6,792 NEVs in May, up about 132 percent from a year earlier - CnEVPost The company's cumulative sales of new energy vehicles from January to May were 32,237 units, up 270.6 percent from a year earlier.

Huawei establishes new company with business scope including battery swap facility sales - CnEVPost The company's business scope includes research and development of online energy metering technology, emerging energy technologies, and the sales of charging piles and battery swap facilities for new energy vehicles.

Fourth-largest power battery maker in China reportedly plans IPO next year - CnEVPost CALB, the fourth-largest power battery maker in China, plans to make an initial public offering (IPO) next year, jiemian.com reported Monday, without giving further details.

Evergrande Auto begins summer testing for 5 Hengchi models - CnEVPost Evergrande Auto began winter testing of the first mass-produced vehicle, Hengchi 1, in the cold environment of Inner Mongolia on Feb. 3 this year.

Great Wall Motors' EV brand Ora to start production of its Volkswagen Beetle look-alike in Q2 2022 - CnEVPost Chinese automaker Great Wall Motor's EV brand Ora's model that looks like the Volkswagen Beetle, the Lightning Cat, will go into production in the second quarter of 2022.

EV fires in China more than double in first five months compared to same period last year - CnEVPost As more consumers turn to electric vehicles, the number of fires associated with them is growing in tandem.