CnEVPost Newsletter: NIO ES7 consumer test drive begins; Baillie Gifford boosts holdings in Q2
NIO has begun allowing consumers to test drive ES7, first deliveries to begin on August 28 - CnEVPost — cnevpost.com Test drives of the NIO ES7 are currently available in only a few cities, with the first participants mainly being those who first reserved the vehicle.
Baillie Gifford increases holdings in NIO, cuts Tesla and Li Auto in Q2 - CnEVPost Baillie Gifford increased its position in NIO by 8.99 percent during the second quarter, while decreasing its positions in Tesla and Li Auto by 4.16 percent and 2.79 percent, respectively.
NIO forms subsidiary with business scope including ride-hailing services - CnEVPost Although the move cannot be seen as NIO's entry into the ride-hailing field, it may lay the initial foundation for its future involvement in the robotaxi field.
NIO's second swap station in Norway to go live on August 15 - CnEVPost NIO's second swap station in Norway will connect to Norway's battery swap station network and a planned network in Europe.
Deutsche Bank ups Li Auto price target to $30 while providing Q2 earnings preview - CnEVPost Deutsche Bank raised its forecast for Li Auto's deliveries this year to 160,000 units from 155,000, but believes the company could face some incremental headwinds in 2023.
BYD announces entry into Thai passenger car market - CnEVPost Thailand has become the latest in a long line of countries where BYD has announced the entry of its passenger car business in the past month.
Tesla sells 28,217 China-made vehicles in July, down 64% from June - CnEVPost Tesla China's sharp decrease in wholesale sales in July was not due to a new obstacle to its operations, but rather to production line upgrades.
Tesla's entry-level Model Y wait time gets shorter in China - CnEVPost Expected delivery dates for the rear-wheel drive Model Y in China have been shortened by two weeks, while both the Model 3 Performance and Model Y Performance have been extended by four weeks.
Tesla's China-made Model Y gets extra airbag - CnEVPost Tesla's China-made Model Y now comes standard with an extra far-side airbag across the lineup, possibly as part of a recent production line upgrade at the Shanghai plant.
Zeekr releases more images of Zeekr 009 MPV - CnEVPost The Zeekr 009 features a large area of bright silver on the front, making the model very distinguishable.
China's wholesale sales of passenger NEVs total 564,000 units in July, CPCA data show - CnEVPost Improved supply and expectations of higher oil prices have kept the NEV market booming with strong order books, the CPCA said.
CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months - CnEVPost The CPCA has raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, with the possibility of further increases in the fourth quarter.
Avatr, previously known as Changan NIO, officially launches first model Avatr 11 - CnEVPost The Avatr 11 is the first EV to come standard with Huawei's smart car solution Huawei Inside, but whether its goal of entering the premium market will be achieved is still a question mark.