CnEVPost Newsletter: Li Auto Q4 earnings beat; NIO Capital invests in nuclear fusion technology startup
Li Auto posts Q4 revenue of $1.67 billion, beating expectations - CnEVPost — cnevpost.com Li Auto's guidance for first quarter deliveries is 30,000-32,000 vehicles, the same as its previous guidance for the fourth quarter of last year.
Li Auto to unveil its second model in Q2 - CnEVPost The model is a full-size luxury SUV with next-generation extended-range technology, a new intelligent cabin and intelligent driving technology.
Li Auto confirms it will build its third plant in Chongqing - CnEVPost The addition of the manufacturing site will further enhance the company's ability to meet growing demand, Li Auto said.
Li Auto confirms CTO Wang Kai will leave - CnEVPost Wang will continue to serve as a senior advisor to the company until December 31, 2022, to ensure a smooth transition, Li Auto said.
NIO Capital invests in nuclear fusion technology startup - CnEVPost The company, called Nengliang Qidian, aims to explore commercially viable fusion energy technologies and eventually achieve human energy freedom.
China state paper article explains why Audi's NEVs don't outsell NIO, Li Auto - CnEVPost Not to mention a match with Tesla, Audi has not even caught up with the "taillights" of the new car-making forces, including NIO and Li Auto, the article said.
XPeng says 1 car rolls off line every 90 seconds as production line upgrades complete - CnEVPost This means XPeng could see 480 vehicles roll off the line every 12 hours, corresponding to an annual capacity of about 175,200 vehicles on single shift.
BYD reportedly chooses Baidu as its smart driving supplier - CnEVPost BYD has selected Baidu as its smart driving supplier, which will provide BYD with ANP smart driving products and human-machine co-driving maps, local media reported.
AITO, built by Huawei and Seres, unveils official pricing for M5 - CnEVPost The M5 is available in three versions with a starting price of RMB 249,800 ($39,560).
China sees major breakthrough in regulation of flying vehicles - CnEVPost The Civil Aviation Administration of China has issued "special conditions" to EHang for its unmanned aerial vehicle, putting it in the final stages of airworthiness validation for the EH216-S.