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CnEVPost Newsletter: NIO announces plan for secondary listing in Singapore
NIO announces plan for secondary listing in Singapore, secures preliminary approval - CnEVPost — cnevpost.com NIO will be listed in Singapore by way of introduction and has received a conditional listing eligibility letter from the local exchange.
Hefei leverages government bonds to fund NeoPark construction - CnEVPost For the first phase of the NeoPark infrastructure project, with a total investment of RMB 4.07 billion, Hefei received RMB 2.45 billion in funding through a government bond issue.
XPeng ramps up ambitions in smart driving as over half of its sedan variants to come standard with XPILOT - CnEVPost XPeng's move is expected to further increase the penetration of NGP and accelerate the unification of assisted driving hardware and software.
Tesla aims for Shanghai plant to get production back to pre-lockdown levels from May 16, report says - CnEVPost Tesla is aiming to run two shifts at its Shanghai plant from May 16 to produce 2,600 vehicles a day, according to Reuters.
EV stocks plunge in Hong Kong after US bloodbath - CnEVPost At press time, NIO was down 12.41 percent, XPeng was down 9.4 percent, Li Auto was down 3.61 percent and BYD was down 3.02 percent.
CATL said to be in talks to open US plants serving BMW and Ford - CnEVPost CATL is in the final stages of reviewing locations for EV battery production in the US, Reuters reported.
Gotion High-Tech plans to buy back shares worth up to RMB 400 million - CnEVPost The move is based on the company's confidence in its future growth prospects and to further establish a sound long-term incentive mechanism, Gotion said.
China's April auto sales expected to fall 47.6% from March, CAAM says - CnEVPost In April, China's auto sales are expected to be 1.171 million units, down 47.6 percent from March and down 48.1 percent year-on-year, the CAAM said today.