CnEVPost Newsletter: NIO Day 2021; Li Auto HK listing

NIO Day 2021 to be held in Suzhou, a city 100 km west of Shanghai - CnEVPost — cnevpost.com Suzhou received 50% of the votes and became the city that hosted NIO Day 2021. Xi'an received 27% of the votes, and Hefei, where NIO's factory is located, received 23% of the votes.

Unwrapping NIO's 'pyramid scheme' - CnEVPost NIO has user loyalty that is hard to match by any carmaker in China, and referral purchases are an important source of its sales. So how did NIO reach this achievement?

NIO puts its 321st battery swap station into operation - CnEVPost A new NIO battery swap station went into operation on July 26, bringing the total to 321. The facility is located in Changsha, Hunan Province.

Li Auto passes HKEx listing hearing - CnEVPost Li Auto has passed the Hong Kong Stock Exchange listing hearing and will soon become the second Chinese electric vehicle company to list in Hong Kong after XPeng Motors, a filing shows.

Li Auto reveals product roadmap, will launch at least two pure electric models every year from 2023 - CnEVPost Starting in 2023, Li Auto will launch two new platforms, the Whale and the Shark, and plans to launch at least two premium all-electric vehicles per year by then.

XPeng sets up new firm in Hainan with business scope including AI software development - CnEVPost XPeng fell more than 8 percent to HK$152.4 at press time amid a widespread sell-off in Hong Kong stocks. Hong Kong's Hang Seng Index fell 3.5 percent, while the Hang Seng Technology Index dropped 6 percent.

XPeng P7 earns five-star rating in prestigious safety review - CnEVPost XPeng P7 has received a five-star rating with a score of 89.4 percent in a new round of China-New Car Assessment Programme (C-NCAP) evaluations for 2021.

XPeng's OEM Haima Motor has a tough road ahead - CnEVPost Haima Motor last entered the spotlight because it sold apartments to survive. Its situation seemed to have improved after it began to produce the G3 for XPeng Motors, however that partnership is coming to an end.

XPeng, NIO are top NEV firms with highest number of fundings in past 10 years, report says - CnEVPost From 2011 to the first half of 2021, XPeng's number of financing reached 14, ranking first in Qichacha's top 10 list of new energy vehicle financing in the last decade.

Tesla pushes new OTA update in China that will lower minimum speed requirement for AEB activation - CnEVPost The update changes the minimum speed to trigger the AEB feature from 8km/h to 5km/h.

Faraday Future says one version of FF 91 has sold out of all available capacity - CnEVPost The FF 91 Futurist Alliance was sold out on July 25 after it began accepting pre-orders last week, according to information on Faraday Future's (FF) website.

China's 'dual credit' policy, what you need to know - CnEVPost The unit price of new energy credits in China has risen from RMB 300-500 initially to RMB 2,500-3,000, according to a previous research report by Industrial Securities.

Chinese AI firm SenseTime says it has solved nighttime smart driving challenges - CnEVPost Chinese AI company SenseTime recently said that its smart car solution brand SenseAuto has solved the challenges facing smart driving at night, "making the night less dark."

GAC Toyota's NEV project with annual capacity of 200,000 units goes into operation - CnEVPost The first phase of GAC Toyota's new energy vehicle capacity expansion project went into operation Sunday, with an expected annual capacity of 200,000 units, the company said.

These are the most popular EV models in Beijing in H1 - CnEVPost Tesla is the most popular EV brand among Beijing residents, followed by BYD, BJEV, and NIO, according to insurance registration data from January to June.

Chinese auto chip maker SemiDrive raises $154 million in Series B funding - CnEVPost SemiDrive develops high-performance automotive-grade chips covering smart cockpits, central gateways, autonomous driving, and highly reliable MCUs. It closed an RMB 500 million Series A investment in May 2020.

GAC Aion tries new sales model, opens first directly-managed store - CnEVPost GAC Aion, the new energy vehicle brand of GAC Group, started to experiment with a new sales model, with the opening of its first directly operated experience center in Guangzhou on Sunday.

Huawei files patent for self-driving vehicles to measure depth of water - CnEVPost Huawei recently made public a patent it is applying for related to identifying water depth in self-driving vehicles, which, if put to use, is expected to help save vehicles from unnecessary risks.

Polestar aims to double its global retail stores by year-end - CnEVPost Polestar is expected to double its global retail stores from 9 to 18 by the end of 2021, and double its global retail network to 100, the company said in a press release.

This could be what Chery QQ Ice Cream, a challenger to Mini EV, looks like - CnEVPost Chery has teased the QQ Ice Cream several times, and the latest spy shots show a front resembling the Wuling Hongguang Mini EV, China's best-selling electric car.

Former AMD exec joins Chinese vehicle maker - CnEVPost Deng Yuanjun, a former AMD executive and managing partner of NGP Capital, has joined Kaiyun Motors, a Chinese vehicle maker, information on the company's official website shows.

Analysts say sodium-ion battery adoption expected to accelerate - CnEVPost In an era of the energy revolution, sodium-ion batteries are expected to accelerate adoption due to their clear advantages in terms of resource quantity and cost.

China to see non-fossil energy generation capacity exceed coal power for first time this year - CnEVPost By the end of the year, China's installed power generation capacity will be 2.37 billion kilowatts, up 7.7 percent year-over-year, the report said.