CnEVPost Newsletter: Li Auto to issue up to $2 billion in additional ADSs, shares fall

Li Auto to issue up to $2 billion in additional ADSs, shares down 5% in early trading - CnEVPost — cnevpost.com Li Auto's move seems to be a preparation for its capital needs in the coming years. As of March 31, it had cash reserves of RMB 51.19 billion

NIO has provided over 9.7 million battery swaps in past four years - CnEVPost NIO Power today marks its fourth anniversary since it began providing service.

Chinese analyst team dismantles Yuan EV for research on BYD - CnEVPost In an 87-page report, analysts at Haitong International documented its disassembly of a BYD Yuan EV in detail.

BYD hits all-time high in Hong Kong, while NIO and XPeng retreat - CnEVPost BYD was up 3.27 percent in Hong Kong, while NIO was down 5.74 percent and XPeng was down 2.75 percent at press time.

BYD wins new land parcel of over 550,000 sqm in Shenzhen for parts project - CnEVPost The site will be used for the first phase of BYD's planned RMB 5 billion automotive industrial park in Shenzhen.

CATL to put up to $3.4 billion of idle cash in investment products - CnEVPost CATL will invest in principle-guaranteed investment products with high security and liquidity to improve the efficiency of capital use and increase returns.

Gotion plans to build production base in Germany with annual capacity of 18 GWh - CnEVPost Gotion's planned global production capacity will reach 300 GWh by 2025, with 100 GWh in overseas markets.

Leapmotor sees 100,000th production vehicle roll off line - CnEVPost The milestone comes exactly three years after Leapmotor saw its production vehicle roll off the line on June 28, 2019, and just six months after its 50,000th vehicle rolled off the line.

Volkswagen unveils ID. AERO sedan, deliveries in China to begin in H2 2023 - CnEVPost The production model of the ID.AERO will be Volkswagen's first global, all-electric sedan model, and will also be sold in the United States and Europe after its 2023 launch in China.

GAC unveils new LFP battery technology, claims energy density increase of up to 20% - CnEVPost The technology enables batteries to achieve fast charging rates of 2C and above, with a lifetime of more than 1.5 million kilometers, GAC said.