CnEVPost Newsletter: NIO developing 4680 batteries; First ET5 pre-production vehicles roll off line
NIO developing multiple batteries, including 4680-type, report says - CnEVPost — cnevpost.com NIO's previously mentioned 800V high-voltage battery is the 4680-type battery, which is planned to be equipped into NIO's third-generation platform NT 3.0, according to local media.
NIO sees first ET5 pre-production vehicles roll off line as deliveries about 1 month away - CnEVPost NIO previously said that ET5 deliveries would begin in September 2022, but the expected first delivery date was announced.
NIO seen transporting ET7 sedans across Europe - CnEVPost Trailers transporting the NIO ET7 have been seen driving on the roads in the Netherlands, Belgium and Norway.
NIO exits from shareholder list of its joint venture with GAC - CnEVPost Earlier this month, a company originally formed by Changan and NIO announced the completion of a new round of financing that reduced NIO's stake to less than 1 percent.
XPeng falls to record low in Hong Kong after disappointing Q3 guidance - CnEVPost XPeng has fallen a cumulative 64 percent so far this year in Hong Kong. Li Auto has fallen a cumulative 11 percent so far this year. NIO has fallen 11 percent since listing in Hong Kong on March 10.
Deutsche Bank cuts XPeng price target to $33, citing painful strategic transition - CnEVPost Yu's team maintained its Buy rating on XPeng, saying they believe XPeng's assisted driving technology is undervalued over the long term.
XPeng's weak Q3 outlook suggests further demand deterioration, says Deutsche Bank - CnEVPost "Even if we embed some degree of conservatism, this suggests further demand deterioration in Aug/Sep on a sequential basis."
XPeng Q2 earnings call: New model to be launched in H1 next year to take on Tesla Model Y - CnEVPost XPeng will also launch a C-class model in the second half of next year to bring an ultimate experience to a user base that needs more space and comfort.
Li Auto's SiC chip R&D and production base begins construction - CnEVPost The facility will launch prototype production in the first half of 2023 and go into full production in 2024.
BYD's Denza brand officially launches D9 MPV in China - CnEVPost The all-electric version of the Denza D9 has two fast charging ports and can be charged simultaneously using two chargers.
Huawei-backed AITO begins deliveries of its second model M7 - CnEVPost The AITO M7 is the second model of the AITO brand after the M5, and is one of the main competitors to Li Auto's Li ONE.
CATL H1 net profit up 82% year-on-year, first models with Qilin Battery to be announced soon - CnEVPost In the first half, CATL's gross margin was 18.68 percent, up 4.2 percentage points from 14.48 percent in the first quarter.