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CnEVPost Newsletter: NIO ES7 to be unveiled in April; Bridgewater adds position in NIO in Q4
NIO confirms new model ES7 to be unveiled in April, delivery expected within the year - CnEVPost — cnevpost.com The NIO ES7 is the model codenamed Gemini and is aimed at competing with the BMW X5L, which will be released this year.
Bridgewater adds position in NIO in Q4, trims XPeng and Li Auto - CnEVPost The world's largest hedge fund increased its position in NIO by 8 percent, reduced its position in XPeng by 8 percent, and cut its position in Li Auto by 7.5 percent during the fourth quarter.
Hillhouse Capital cuts position in NIO in Q4, adds XPeng and Li Auto - CnEVPost Hillhouse reduced its position in NIO by 59 percent in the fourth quarter and increased its positions in XPeng and Li Auto by 455 percent and 363 percent, respectively.
NIO cancels subsidiary with registered capital of RMB 7 billion - CnEVPost NIO said the subsidiary had not been actually in operation and that the move had no impact on the company's business.
NIO opens 1 swap station, first this month - CnEVPost NIO's 837th battery swap station in China is its first to be put into operation in the lunar year of the Tiger.
Steve Cohen's Point72 increases position in XPeng in Q4, liquidates Li Auto - CnEVPost Point72 increased its holdings in XPeng by 695 percent in the fourth quarter, but sold all of its shares in Li Auto. It does not hold shares of NIO.
Li Auto CTO Wang Kai reportedly to leave - CnEVPost Wang, who joined Li Auto in September 2020, will be the highest-ranking executive to leave Li Auto since its inception.
Li Auto to report Q4 earnings on Feb 25 - CnEVPost Li Auto delivered 35,221 vehicles in the fourth quarter of last year, above the previous guidance range of 30,000-32,000 vehicles.
Tesla Model Y second best-selling new energy SUV in China in Jan - CnEVPost The Model Y sold 16,358 units in China in January, second only to BYD Song's 20,722 units.
CATL addresses concerns after shares fall 20% in past two months - CnEVPost While there are other players who will rely on low prices to compete for market share, CATL has the lowest costs and highest reliability of supply, it said.
AITO M5, jointly built by Seres and Huawei, expected to see mass deliveries in March - CnEVPost Seres' factory kept production going during the Chinese New Year holiday, and more than 1,000 vehicles for test drives and demonstrations have already arrived in stores, according to local media.
Hozon, owner of Neta brand, reportedly launches plans for HK IPO - CnEVPost Neta delivered 11,009 vehicles in January, the third consecutive month over 10,000. All three of the brand's models currently start at less than 100,000 yuan ($15,700).
Ora reportedly stops taking orders for some lower-priced models - CnEVPost Reduced purchase subsidies for NEVs in China and a shortage of parts supply are putting more pressure on lower-priced models.
Chinese EV startup founded by former Volkswagen exec reportedly secures RMB 10 billion investment - CnEVPost Binli, founded by former Volkswagen China executive vice president Weiming Soh, recently received a strategic investment from Wuhan-based Changjiang Capital, according to local media.