CnEVPost Newsletter: Model Y powered by BYD's 'blade battery'?

First Tesla model to be powered by BYD's 'blade battery' said to be Model Y - CnEVPost — cnevpost.com Media reports that BYD will supply "blade battery" to Tesla are true, and the first model could be the Model Y, Chinese technology website mydrivers.com said Friday, citing an unnamed BYD insider.

Analysts raise BYD price target after strong delivery data - CnEVPost The report said it raised its 6-month price target to RMB 360 ($55.7) from RMB 290 per share and maintained a "Buy-A" rating as the company's battery capacity and vehicle sales exceeded expectations.

NIO says about 31% of users have one battery swap station within 3 km radius - CnEVPost At the first NIO Power Day event on July 9, NIO said the percentage was 29 percent and that was unsatisfactory.

Li Auto sets HK offering price at HK$118 - CnEVPost

Li Auto has priced its Hong Kong offering at HK$118 ($15), corresponding to $30 per ADS traded in the US, according to an announcement the company made Friday.

Li Auto's partners Horizon Robotics and Hesai reach co-op deal - CnEVPost The two will jointly develop and adapt based on Hesai's hybrid solid-state LiDAR AT128, Horizon Robotics' Journey 5 chip.

Baidu unveils Apolong II, its second-gen autonomous minibus - CnEVPost Apolong Ⅱ is dedicated to becoming a mobile space in the smart era, providing customized smart mobility services for public travel, mobile policing, health management and other scenarios.

Kaixin Auto announces entry into NEV space, shares soar 30% pre-market - CnEVPost Kaixin Auto Holdings, a US-listed Chinese used car dealership, announced Friday that it has decided to set up a new energy vehicle business unit that will include new energy vehicle development, production and marketing teams.

Huawei sets up new firm with business scope including development of energy recovery systems - CnEVPost The establishment of the new company heralds Huawei's R&D in electric vehicle power and further march into the automotive field.

Geely sold 7,794 NEVs in July, up 22% year-over-year - CnEVPost Geely's new energy vehicle sales in July were 7,794 units, up 22 percent year-over-year, according to figures released by the Chinese auto giant on Aug. 6.

SAIC sold 352,546 vehicles in July, down 23 percent from a year ago - CnEVPost SAIC Group's car sales in July were 352,546 units, down 22.95 percent from 457,558 units a year ago, according to data released by the company Friday.

SAIC partners with OPPO to improve in-vehicle user interaction - CnEVPost SAIC Group, China's largest local automaker, and smartphone giant OPPO signed a cooperation agreement on August 5, aiming to bring the cell phone experience into the car.

Tight lithium supply expected to last until H2 2022 - CnEVPost Against the backdrop of soaring new energy vehicle sales, lithium supply is expected to remain tight until the second half of 2022, according to a recent research note by CITIC Securities.

China sees 1.1 million NEV registrations in H1, up 234% from a year ago - CnEVPost "The rapid development of new energy vehicles and the rapid growth of luxury brand vehicles indicate the stimulation of domestic demand potential in the car market," the CPCA said.

China accounts for 47% of global NEV sales in H1 - CnEVPost China's share of new energy passenger cars reaches 51 percent in 2019, but drops to 41 percent in 2020 due to the policy environment and Covid-19.