CnEVPost Newsletter: Li Auto Q2 earnings; XPeng's ultra-fast charging tech; BYD to build new battery base

Li Auto beats Q2 revenue estimates, but disappoints on Q3 guidance - CnEVPost — cnevpost.com Li Auto expects third quarter revenue to be RMB 8.96 billion to RMB 9.56 billion, below market expectations of RMB 13.98 billion.

Li Auto rumored to launch new SUV Li L8 soon - CnEVPost The Li L8, internally codenamed X02, is built on the same platform as the Li L9, codenamed X01, and can be seen as a scaled-down version of the Li L9, according to some local media.

UN development arm becomes NIO's partner on Clean Parks initiative - CnEVPost The UNDP will work with NIO to promote standards, guidelines or catalogs based on green eco-investment and biodiversity conservation.

XPeng shows off ultra-fast charging tech that can give vehicles 210 km range in 5 minutes - CnEVPost XPeng will focus on building S4 ultra-fast charging stations in the 10 cities with the highest number of G9 orders this year.

XPeng builds first S4 ultra-fast charging station - CnEVPost This is XPeng's 1,000th self-operated charging station, as the company celebrates its eighth anniversary.

BYD to build new battery base in China with 30 GWh annual capacity - CnEVPost BYD plans to invest RMB 28.5 billion ($4.2 billion) in a power battery base as well as a mining project in Yichun.

BYD launches Atto 3 in Cambodia - CnEVPost BYD has previously brought the Atto 3 to several markets including Australia, Singapore, Japan and Costa Rica.

Tesla Giga Shanghai reaches 1 millionth production vehicle milestone - CnEVPost Tesla Giga Shanghai broke ground on January 7, 2019, and delivered its first Model 3s in December 2019.

Tesla VP says over 95% of Giga Shanghai's parts come from local suppliers - CnEVPost Over the past two years or so, not only Tesla but the entire Chinese NEV industry has grown tremendously, Grace Tao said.

GAC to establish $320 million unit to make EV powertrains - CnEVPost With the acceleration of electrification, electric drive-related industries will become the next RMB trillion track, said GAC Aion.