CnEVPost Newsletter: Investor says 'NIO will beat out Tesla'; XPeng Norway revenue

Legendary growth investor says 'NIO will beat out Tesla' - CnEVPost — cnevpost.com "I'm convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China. I'm talking about Nio, Inc. (NIO)."

NIO opens 5 new battery swap stations in Shanghai, bringing total in China to 289 - CnEVPost Chinese electric vehicle company NIO saw five of its battery swap stations go into operation in Shanghai on Tuesday, the most the company has deployed in a single city in China in a single day.

Suspected NIO OS major update UI leaked, allegedly smoother - CnEVPost The current NIO OS update is based on version 2.0, but the latest news indicates that the next major update to the system is coming soon.

XPeng's cumulative sales revenue in Norway has exceeded $15 million - CnEVPost Although still a small percentage of its total revenue, Norway's contribution to XPeng Motors' revenue is no longer negligible.

XPeng's new SUV G3i said to go on sale on July 9 - CnEVPost The new car will continue to be available in 460-kilometer as well as 520-kilometer range versions, the same as the current G3.

XPeng debuts some design details of G3i - CnEVPost As the G3i, a facelift of its compact SUV G3, gets closer to launch, XPeng Motors has released more information about the vehicle.

Baidu Apollo first to get permit for phase II self-driving road testing in Beijing - CnEVPost Baidu's smart driving unit Apollo continues to lead the charge on autonomous driving testing.

Founder of CATL, battery supplier to NIO and Tesla, becomes world's 30th richest person - CnEVPost Robin Zeng, 52, has a net wealth of $43.9 billion, according to the Forbes Real-Time Billionaires List, making his debut in the top 30.

CICC raises CATL price target after new deal with Tesla - CnEVPost China's top CICC raised its price target on local power battery giant CATL after the company announced Monday that it has extended its battery supply agreement with Tesla.

Baidu's carmaking arm Jidu Auto hires former Cadillac designer - CnEVPost Jidu Auto, the carmaking arm of Chinese search engine and AI giant Baidu, has hired former Cadillac executive Frank Wu to lead its design studio.

Baidu, Great Wall Motors partner to bring autonomous parking system to latter's models - CnEVPost AVP (Apollo Valet Parking) is one of the key components of Baidu Apollo's autonomous driving technology, and now the company is getting it accepted by more and more car companies.

Analysts say Zeekr's independent financing plan good for Geely's valuation - CnEVPost Zeekr, the electric vehicle brand of Chinese automaker Geely Group, announced last week that it will raise money independently, a move that analysts see as smart.

Great Wall Motors plans to launch new PHEV-focused brand in September - CnEVPost Great Wall Motors will launch a new brand this September that will focus on PHEVs based on its DHT hybrid platform, the company's vice president Mu Feng

Great Wall Motors unveils battery that prevents fires, opens patent for free - CnEVPost The potential for battery fires and explosions is one of the major reasons preventing many people from buying electric vehicles, and now Great Wall Motors' new technology, if applied on a large scale, will hopefully alleviate this concern.

Beijing's new rules, set to take effect on July 1, expected to improve EV charging experience - CnEVPost Charging spaces being taken up by fuel vehicles is a problem that bothers many EV owners. With a new regulation coming into effect in Beijing, this problem is expected to be alleviated in the city.

Dongfeng Motor's premium EV brand Voyah is attracting talent with super high salaries - CnEVPost Voyah has posted several positions with annual salaries exceeding RMB 600,000 ($92,881). By comparison, the average annual salary in Beijing in 2020 was RMB 77,560, official data showed.

Higher oil prices seen as boon to new energy vehicle industry - CnEVPost While attention is focused on China's fast-growing new energy vehicle industry, an unnoticed phenomenon is providing a new boost to the industry's growth - international oil prices have reached a nearly three-year high level.

Geely gets patent for wireless charging for cars - CnEVPost Zhejiang-based automotive giant Geely recently disclosed a new patent that enables wireless charging of vehicles.