CnEVPost Newsletter: NIO deliveries; ES7 surfaces
NIO doesn't care about its deliveries being overtaken by XPeng, Li Auto - CnEVPost — cnevpost.com The floods in Germany this year affected the supply of air suspension shock absorbers, thus affecting NIO's production capacity this month.
NIO delivered 7,931 vehicles in July, up 124% year-over-year - CnEVPost NIO delivered 7,931 vehicles in July, up 124% year-over-year and down approximately 2% from June.
NIO rumored to start mass production of new model called ES7 in June next year - CnEVPost NIO will start mass production of a model called ES7 in June 2022, under the previously revealed project codenamed Gemini, mydrivers.com reported Monday.
Analysts raise NIO price target ahead of July delivery data release - CnEVPost A team at Hong Kong-based financial services firm CMB International raised its price target on NIO on Monday ahead of the EV maker's July delivery data release, citing marginal improvement in chip supply and the prospect of continued growth in deliveries in the second half of the year.
XPeng delivered record 8,040 vehicles in July, up 228% from a year ago - CnEVPost XPeng Motors delivered 8,040 vehicles in July, its highest monthly delivery record, up 228 percent year-over-year and up 22 percent from June.
Credit Suisse raises XPeng price target to $72 - CnEVPost Credit Suisse raised its price target on XPeng Motors in a research note issued Monday, citing the electric car maker's strong July deliveries.
CMB International initiates coverage of XPeng with Buy rating and HK$196 price target - CnEVPost CMB International initiated coverage of XPeng Motors on Monday, giving its Hong Kong-listed stock a HK$196 ($25.2) price target and a buy rating.
Li Auto delivered record 8,589 units in July, up over 250% from a year ago - CnEVPost Li Auto delivered 8,589 units of the Li ONE in July, the first time deliveries exceeded 8,000 units in a single month.
Deutsche Bank raises price target on Li Auto by $5 to $32 - CnEVPost Deutsche Bank's Edison Yu's team raised their price target on Li Auto by $5 to $32 with a Hold rating in a research note sent to investors on Monday.
Tesla reaches 900 Supercharger stations in Chinese mainland - CnEVPost To date, Tesla has more than 6,900 Superchargers in the Chinese mainland, and it also has more than 700 destination charging stations, offering more than 1,700 destination charging piles, covering more than 320 cities in China.
BYD launches lower-priced version of its flagship model after Tesla's Model 3 price cut - CnEVPost The lower-priced Han EV is available for pre-order now, with deliveries expected to begin in September 2021.
BYD presents Dolphin model at digital entertainment show ChinaJoy - CnEVPost BYD recently showcased the Dolphin model at ChinaJoy, a digital entertainment exhibition in Shanghai. The car will be based on BYD's latest e-Platform 3.0 and will feature BYD's latest "marine aesthetic" design concept for the first time.
Neta delivered record 6,011 vehicles in July, up 392% from a year earlier - CnEVPost Neta Automobile said Sunday it delivered a record 6,011 units in July, surpassing 6,000 for the first time and up 392 percent from a year earlier.
Leap Motor delivered 4,404 units in July, up 666% year-over-year - CnEVPost Leap Motor received 6,540 orders in July, up 59 percent from June. To date, Leap Motor has accumulated orders for 28,055 units for 2021, the company said.
GAC Aion sales up 112% year-over-year to 10,604 units in July - CnEVPost Individual users accounted for 77 percent of the number of license plate registrations for GAC Aion models from January to June this year, while corporate users accounted for 23 percent, the company said.
Chinese EV battery maker CALB starts construction of new $1.55 billion project - CnEVPost The project, located in central China's Hubei province, is a 20 GWh capacity production site with an investment of RMB 5 billion in the first phase.
Flood-hit Zhengzhou encourages damaged car owners to buy NEVs with subsidies - CnEVPost The city of Zhengzhou in central China, which was recently hit by heavy rains and floods, has introduced a policy to encourage the purchase of new energy vehicles (NEVs).
Xiaomi invests in another self-driving technology provider - CnEVPost Xiaomi is participating in Geometrical Perception and Learning Co's (G-PAL) approximately RMB 400 million ($61.88 million) Pre-A series funding round as the lead investor in the Pre-A2 round.
EV battery maker Svolt closes new round of $1.59 billion financing - CnEVPost Chinese power battery maker Svolt Energy recently announced the completion of a Series B financing round totaling RMB 10.28 billion ($1.59 billion).
China's lithium-ion battery output exceeded 110 GWh in H1, up over 60% from a year earlier - CnEVPost The total output value of the lithium-ion battery industry in the first half of the year exceeded RMB 240 billion ($37.1 billion), and total exports were RMB 74.3 billion, an increase of nearly 70 percent year-over-year.
SAIC-GM-Wuling, Xiaomi partner on 'Internet ecology' - CnEVPost SAIC said it will actively build a new industrial ecology with several Internet companies through cross-industry cooperation.
EV vs. fuel car, which is safer in flood? - CnEVPost NIO will do inspections of all vehicles damaged in the flood in Henan and then give a repair strategy, "Even the most serious scrapping can possibly be solved by replacing the battery."
EV battery maker Gotion, JinkoSolar sign deal to collaborate on energy storage - CnEVPost EV battery maker Gotion Hi-Tech and solar module maker JinkoSolar Holding Co recently signed a strategic cooperation agreement to tap the solar energy storage market.
Nankai University establishes joint lab with lithium-ion battery maker - CnEVPost The lab will focus its efforts on the development of composite electrolytes with high ionic conductivity and low interfacial resistance, with the goal of applying them to next-generation metal-air and lithium-metal batteries.
Shanghai contributed 34% of China's EV exports in H1 - CnEVPost Shanghai exported 60,000 EVs in the first half of the year, an increase of 752.9 percent year-over-year, accounting for 34.3 percent of China's total, according to Shanghai Customs.