CnEVPost Newsletter: Li Auto's Q2 earnings beat expectations

Li Auto reports Q2 revenue of $780.4 million, above expectations - CnEVPost — cnevpost.com Li Auto's revenue for the second quarter was RMB 5.04 billion ($780.4 million), above expectations of RMB 4.41 billion.

NIO opens another charging line under Power Up Plan - CnEVPost NIO announced Monday that it has opened a new charging line in southwestern China under its Power Up Plan, allowing owners to drive their all-electric vehicles to more places.

XPeng P5 to be officially launched on Sept 15 - CnEVPost XPeng Motors announced on Sunday that its new sedan, the P5, will be officially launched on September 15, about two months after the model went on pre-sale.

XPeng says it' testing flying car Voyager X2 at high altitude - CnEVPost The X2 underwent several internal flight tests at flight bases in Guangzhou, Dongguan and Jiangmen in early June this year.

GAC Aion unveils super-fast charging technology that can go from 0 to 80% in 8 minutes - CnEVPost On the company's A480 supercharger, vehicles can be charged at a high rate of 6C, adding 200 kilometers of range in five minutes and charging from 0 to 80 percent in eight minutes.

BYD said to start selling models of its new premium brand in Q1 2023 - CnEVPost BYD has set a target of 600,000 new energy vehicle deliveries this year and a target of 1.5 million new energy vehicle sales next year, the report said.

BYD's H1 revenue up 54% year-over-year, net profit down 29% - CnEVPost BYD shares traded in Shenzhen fell 1.69 percent to RMB 283.27 by the end of morning trading.

BYD unveils 5G-enabled in-vehicle OS, allows Han EV users to upgrade - CnEVPost BYD officially unveiled its 5G-enabled DiLink 4.0 system - the company's in-car OS - at the Chengdu Auto Show on Sunday, and Han EV users can pay to upgrade.

BYD Dolphin officially launched, prices about $460 lower than in pre-sale - CnEVPost Half a month ago, BYD started pre-sales of Dolphin - the first model of its e platform 3.0. Now, the model is officially available at prices that are RMB 3,000 ($460) lower than the pre-sale prices.

Chinese EV priced at about $124,000 begins deliveries - CnEVPost HiPhi announced at the Chengdu Auto Show the start of deliveries of the HiPhi X 4-seat model, priced at RMB 800,000 ($124,000).

Chinese university research promises fuel cells with cycle life tens of times that of ordinary power cells - CnEVPost On April 30, NIO signed a strategic cooperation agreement with the USTC to cooperate in technology research and talent training.

Sinopec expects to build 100 new hydrogen refueling stations this year - CnEVPost Sinopec currently has 20 hydrogen refueling stations in 14 regions in China, with an annual hydrogen production capacity of more than 3.9 million tons, accounting for 11 percent of China's output.

Volkswagen starts accepting pre-orders for its popular model ID.3 in China - CnEVPost The ID.3, the Golf's electric counterpart, is one of the top-selling electric cars in Europe.

Gotion High-Tech's H1 revenue up 47% year-over-year, overseas revenue doubles - CnEVPost Gotion's shares traded in Shanghai were up 3 percent in early trading on Monday.

Svolt Energy says its cobalt-free battery pack used in Ora's first SUV - CnEVPost Svolt Energy Technology, a subsidiary of Great Wall Motors, announced Sunday at the Chengdu Auto Show that its cobalt-free battery pack is being used in the Chery Cat, the first SUV from Great Wall Motors' Ora brand, and is in mass production.

Geely to build $1.6 billion LFP battery facility in Hunan - CnEVPost The project's ten-year total output is expected to be RMB 70 billion, and the ten-year total output after completion of the first phase is expected to be RMB 30 billion.

Geely's ride-hailing arm Caocao reportedly gets RMB billions in new funding - CnEVPost If it is true, the financing would be the first local equity financing in China's ride-hailing industry in 2021, an ice-breaking move after the crackdownon Didi Chuxing.