CnEVPost Newsletter: Meet the most mysterious NIO club

Members of this club help NIO sell an average of 25 cars each - CnEVPost — cnevpost.com EP Club members have helped NIO sell an average of 25 cars each, and some have even sold more than 160.

Deutsche Bank reiterates China EV stocks could be one of the best relative safe havens - CnEVPost The latest news "reaffirms our belief China EV stocks could be one of the best relative safe havens for growth investors," Yu's team said.

NIO ramps up hiring in Europe, confirms Amsterdam as EU headquarters - CnEVPost NIO appears to be setting out to accelerate its expansion in Europe, as the company has begun hiring for its positions in the Netherlands, following those in Germany.

NIO puts two new battery swap stations into operation, bringing total to 316 - CnEVPost As of July 23, NIO has 316 battery swap stations, 213 Supercharging stations, 396 destination charging stations, and access to over 380,000 third-party charging piles in China.

XPeng gets qualified to draw high-precision maps with $39 million acquisition - CnEVPost XPeng Motors has completed an RMB 250 million ($39 million) acquisition of a high-precision map provider, paving the way for it to support Navigation Guided Pilot (NGP) on urban roads.

Tesla raises Model 3 Long Range, Model Y Long Range prices in US by $1,000 - CnEVPost The Model Y Long Range starting price was adjusted to $53,990, up $1,000 from the previous $52,990, information on Tesla's official website shows.

Tesla could generate $25 billion in annual revenue by opening charging network to other EVs, Goldman Sachs says - CnEVPost Tesla CEO Elon Musk recently said the company plans to open its Supercharger network to other electric vehicles (EVs) later this year. In the eyes of analysts, the move is expected to significantly boost the company's revenue.

Tesla said to seek significant EV import tariff cut in India - CnEVPost India currently charges a 100 percent tariff on cars over $40,000, while Tesla's US website shows that only the Model 3 Standard Range Plus is priced below that figure.

Porsche recalls 5,957 Taycan EVs in China due to risk of loss of power - CnEVPost Porsche is recalling thousands of electric vehicles in China due to the risk of loss of power, becoming the latest company to announce a recall in the Chinese market.

China's hottest-selling electric car has a new rival - CnEVPost Electric vehicle brand Letin announced Thursday that its first all-electric mini car will go on sale on July 30, with a price range of RMB 29,800 ($4,600) to RMB 54,900.

China's hottest-selling EV coming to Spain with doubled price tag - CnEVPost China's hottest-selling EV, the Wuling Hongguang Mini EV, is coming to Spain for about 9,000 euros ($10,590), according to Entrepreneur.com. The model starts at RMB 28,800 ($4,450) in China.

Faraday Future goes public in US, aims to disrupt Ferrari, Bentley - CnEVPost Before FF began trading on Thursday, Jia laid out the company's two-phase goal, saying the first phase is to achieve disruption of traditional ultra-luxury car brands such as Maybach, Ferrari and Bentley with the FF 91.

Toyota recalls over 200,000 vehicles in China for non-compliant adaptive cruise control system - CnEVPost They involve 116,551 Corolla vehicles produced by Tianjin FAW Toyota from August 2019 to July 2021 and 109,034 Levin vehicles produced by GAC Toyota from May 2019 to July 2021.

Appliance maker Skyworth's first model to go on sale July 27 - CnEVPost Chinese appliance maker Skyworth announced on Thursday that its first model, the midsize SUV Skyworth ET5, will go on sale on July 27.

Volkswagen expects its EV sales in China to soar in H2 - CnEVPost Volkswagen expects its ID series of electric cars to see a sales surge in China in the second half of this year, Reuters reported on Thursday, citing Volkswagen Group CEO Herbert Diess.

Self-driving startup CalmCar closes $150 million Series C funding round - CnEVPost CalmCar, a Chinese startup self-driving technology provider, announced on July 22 that it closed a Series C round of funding of approximately $150 million and plans to launch an IPO in 2022.

Power battery maker Eve Energy to spend $380 million to add new production lines - CnEVPost Chinese power battery maker Eve Energy plans to spend RMB 2.45 billion ($380 million) on new production lines, according to an announcement made by the company on Thursday.

China issues guidance to promote development of energy storage industry - CnEVPost With the rapid development of the new energy vehicle industry, the energy storage industry is also receiving policy support.