CnEVPost Newsletter: NIO establishes new company in Hefei, NIO app users exceed 1.6 million

NIO establishes new company in Hefei, with registered capital of about $78.5 million - CnEVPost — cnevpost.com The establishment of the new company in Hefei will facilitate NIO's local operations, including recruitment and research and development. It is also the latest move by the company to increase its bet in Hefei.

With over 1.6 million registered users, NIO app is far from a vehicle management tool - CnEVPost Beyond basic functions, NIO's innovation in its app is probably far underestimated.

NIO battery supplier CATL's market cap touches RMB 1 trillion for first time - CnEVPost CATL rose about 5% to RMB 429.9 as of 10:19 a.m. Beijing Time, breaking above its January 8, 2021 high to a new all-time high and putting its market cap above RMB 1 trillion.

NIO has basically made itself a premium brand with average selling price higher than BMW, Audi and Tesla, says CEO - CnEVPost As of the end of April, NIO has delivered 102,803 vehicles in the past nearly three years, with an average selling price of RMB 434,700 ($68,270).

XPeng starts beta testing of latest system, brings memory parking feature - CnEVPost XPeng Motors started pushing Xmart OS v2.6.0 to a small number of users on Monday, bringing with it the previously mentioned memory parking feature Valet Parking Assist (VPA).

Li Auto to update software for 2020 Li ONE to bring same experience as 2021 model - CnEVPost The update includes 21 new features and 12 optimizations, the most interesting of which is the improvement of its virtual voice assistant Li Xiang Tongxue's continuous dialogue capability.

GAC reportedly invests in ride-hailing giant Didi's self-driving business - CnEVPost Didi Chuxing's self-driving business is close to finalizing a new round of funding of more than $300 million, with GAC Group investing $200 million, LatePost reported Monday.

GAC Aion says it has achieved mass production of its concept car with 'world's lowest wind resistance' - CnEVPost GAC Aion said that its concept car ENO.146 has a wind resistance coefficient of 0.146 cd, the lowest in the world.

Geely reportedly partners with appliance giant Haier to sell its high-end EVs in latter's stores - CnEVPost Haier and Geely are in talks to make the Zeekr 001, the first model of the latter's premium electric car brand Zeekr, available in Haier's retail stores.

Allowing couples to have three children seen as good for China's 7-seat car market - CnEVPost "This policy is a major boon to the car market and will help the 7-seater market grow."