CnEVPost Newsletter: Hillhouse Capital re-bought NIO, XPeng in Q1

Hillhouse Capital re-bought NIO, XPeng in Q1 after liquidating positions at end of last year - CnEVPost — cnevpost.com Hillhouse Capital is losing money on its investments in both NIO and XPeng, and XPeng in particular is causing more serious losses for it.

NIO's first ET7 from Validation Build rolls off line - CnEVPost NIO's first ET7 sedan from Validation Build has rolled off the production line on May 13, marking another step closer to mass production of the model.

NIO signs long-term strategic co-op deal with China's leading tourism group - CnEVPost The two sides plan to cooperate in charging, battery swap facility construction, and charging resource sharing to create a charging experience that is "more convenient than refueling", according to NIO.

Latest accident involving Tesla leaves one traffic officer dead and one injured - CnEVPost A Weibo blogger said he guessed that the cause of the accident was that the owner may have taken the assisted driving feature for self-driving, although this was not officially confirmed.

CATL denies plans to raise prices for LFP batteries by 10 percent - CnEVPost If CATL does raise its LFP battery prices by 10%, then China-made Tesla Model 3 entry-level model and the lower-priced LFP-equipped models that XPeng Motors just started delivering will have to face higher costs.

Geely, Farasis Energy to set up power battery joint venture - CnEVPost The battery joint venture has a registered capital of 1 billion yuan ($155.6 million), with Geely holding 65 percent and Farasis Energy holding 35 percent of shares.

GAC Aion, Tsinghua University sign deal to jointly study battery safety - CnEVPost Early last month, GAC unveiled its latest battery technology at its Tech Day event, allowing for an energy density of over 280Wh/Kg and a range of over 1,000km.

Sinopec builds China's first 'carbon-neutral' gas station - CnEVPost Chinese oil giant Sinopec Group has completed China's first "carbon-neutral" gas station, marking an important step in its drive to reduce carbon emissions.

Lifan, once on verge of bankruptcy, sees first battery swap-enabled MPV roll off line - CnEVPost Now the company has been reborn after a restructuring and has announced the launch of its first battery swap-enabled mass-produced model.

Shanghai's NEV sales surged 3.5 times in past six months - CnEVPost A new traffic rule announced six months ago has boosted new energy vehicle (NEV) sales in Shanghai significantly.