CnEVPost Newsletter: NIO EP9 convertible; Citi's rating on XPeng

Patent drawings show NIO may launch convertible version of EP9 supercar - CnEVPost — cnevpost.com NIO's EP9 supercar demonstrated its technical prowess and laid the groundwork for it to build a high-end image among consumers. Now, on top of the regular version, the model seems to be getting a convertible version.

NIO says users have driven 200 million kilometers with NIO Pilot - CnEVPost — cnevpost.com NIO users have driven more than 200 million kilometers with NIO Pilot, the electric car company's automated assisted driving system.

Uxin closes $100 million financing deal, NIO's William Li joins board - CnEVPost Under the deal, Uxin has issued a total of 29,129,040,416 shares of senior convertible preferred stock for an aggregate amount of $100 million.

Citi gives XPeng's H shares Buy rating and HK$207.5 price target - CnEVPost XPeng closed down 3.21 percent to HK$151 in Hong Kong on Wednesday, more than 8 percent below its offering price of HK$165. Citi's target price implies a 37 percent upside.

Filing reveals range information for XPeng P5 - CnEVPost XPeng Motors' upcoming P5 model includes at least three range versions, according to the company's filing with the Ministry of Industry and Information Technology (MIIT).

XPeng wins lawsuit against battery supplier, gets compensation - CnEVPost In a dispute with one of its battery suppliers, XPeng Motors won the case and was awarded compensation.

XPeng explains why it's scaling back free charging benefits for users - CnEVPost As XPeng users continue to expand, the reduction in free charging credits is to ensure that the XPeng Supercharger system provides better and sustainable replenishment services for customers.

Li Auto signs deal with Chinese LiDAR supplier - CnEVPost Li Auto recently signed an agreement with a Chinese LiDAR supplier to lay the groundwork for its new model to be released in 2022 with the component which is seen as key for autonomous driving.

BYD sets up new firm in Hefei, with registered capital of $154 million - CnEVPost In addition to NIO, the central Chinese city of Hefei is attracting more car companies to set up operations there.

Not all battery swap-enabled models are successful, this automaker had zero car sales in June - CnEVPost The success of NIO's battery swap-enabled models does not mean the same for all companies selling such models.

Alibaba-backed connected car firm Banma gets $464 million capital increase - CnEVPost Banma, the connected car company backed by Alibaba, announced on July 14 that it has completed an RMB 3 billion ($464 million) capital increase from its existing shareholders.

Baidu wins $15.3 million Chongqing smart transportation pilot project - CnEVPost Baidu has won an RMB 98.8 million ($15.3 million) bid for the first phase of a smart transportation pilot project in the Yongchuan District in southwest China's Chongqing.

SAIC aims to sell 550,000 units in overseas markets this year - CnEVPost SAIC Motor aims to sell 550,000 units in overseas markets this year and the target is 1.5 million units by 2025.

Former Didi exec joins GAC to lead businesses including autonomous driving - CnEVPost Chen has more than 20 years of experience in artificial intelligence research and applications and big data analytics.

Ora's first SUV appears on regulatory list - CnEVPost Ora, the new energy vehicle brand of Great Wall Motors, was previously best known for its compact model Good Cat. Now its first SUV appears to be just around the corner from its official debut.

Gotion High-Tech signs deal to develop first-gen unified battery cells for VW - CnEVPost Gotion will develop the first battery application with standard cells for VW's regular production models.

Xiaomi's new patent allows wearable devices to be car keys - CnEVPost Xiaomi, the smartphone giant that announced this year that it was jumping on the car-making bandwagon, recently disclosed a new patent that would allow wearable devices to be car keys.

Cambricon says it's designing smart driving chip with over 200 TOPS of computing power - CnEVPost While China's new energy vehicle industry is growing rapidly, local automotive chip design companies are also on the rise.

Guangzhou pilot allowing self-driving cars to drive alongside human-driven vehicles - CnEVPost Guangzhou announced the official launch of a pilot program for self-driving cars to drive alongside human-driven vehicles, marking a key step toward the adoption of autonomous driving at scale.

FAW Jiefang to develop intelligent heavy trucks with Huawei - CnEVPost In addition to passenger cars, trucks have become an important market for autonomous driving giants.

Chinese AI firm SenseTime launches new brand to provide smart car solutions - CnEVPost Chinese AI company SenseTime unveiled its smart car solutions brand SenseAuto at the recent 2021 World Artificial Intelligence Conference.

Chinese firm aims for its technology to enable L3 autonomous driving for heavy trucks this year - CnEVPost Autonomous driving service provider Hong Jing Drive recently said it aims to drive mass production of L3 smart heavy trucks this year and its ADAS system is expected to be used in a million mass-production vehicles by 2022-2023.