CnEVPost Newsletter: NIO ET5 rumors; ES8 Norway pricing to be known this month

NIO rumored to launch ET5 at NIO Day in early 2022 - CnEVPost — cnevpost.com NIO's second sedan, the ET5, will be officially launched during NIO Day to be held in 2022 and positioned below the ET7, autohome.com.cn said Monday.

NIO to open its first NIO House overseas in Norway on Sept 23 and unveil local pricing for ES8 - CnEVPost NIO's pricing in Norway will take into account tariffs and shipping costs, but will not seek higher gross margins, the company had said.

XPeng to unveil 'smart new species' on Sept 7 - CnEVPost XPeng Motors said Monday that it will unveil a new product Tuesday that it calls the "smart new species."

XPeng reportedly signs battery supply deal with South Korea's SK Innovation - CnEVPost SK Innovation signed a contract with XPeng in July to supply it with high nickel batteries with 80 percent nickel content, according to the report.

Li Auto gets extra HK$1.6 billion from HK listing as underwriters partially exercise over-allotment option - CnEVPost These over-allotment shares will be listed on the main board of the Hong Kong Stock Exchange starting at 9 am on September 8, Li Auto said.

BYD jumps nearly 7% in Shenzhen after posting stellar sales figures - CnEVPost BYD said Friday that it sold 61,409 new energy vehicles in August, up 302 percent from a year ago and about 22 percent from July.

Geely posts 8,201 NEV sales in Aug, up 24% from a year earlier - CnEVPost Geely said the Covid-19 outbreak in some regions and a global chip supply shortage affected its deliveries in August, but retail sales were still at an all-time high for the same period.

Huawei reshuffles structure of its auto business unit - CnEVPost After removing the head of its smart driving product unit in July, Huawei recently announced its latest structural changes to its automotive business unit.

Smart's first concept electric SUV based on Geely SEA architecture unveiled - CnEVPost Smart's new car will be built at a new plant in Xi'an, China, which will have an annual capacity of about 150,000 units.

Analysts expect global NEV industry to remain buoyant for next two years - CnEVPost The global NEV sales are expected to grow 84 percent to 5.96 million units in 2021 and 40 percent to 8.37 million units in 2022, said CITIC Securities.

Officials from China's top economic planner study battery swap model - CnEVPost Officials from China's top economic planner, the National Development and Reform Commission, recently researched the "battery swap model" of new energy vehicles and its application in Beijing.

Chinese official calls for greater regulation of vehicle cybersecurity and data security - CnEVPost With the development of smart connected cars, cyber data security issues have come to the fore and could pose significant security risks, a senior Chinese official said.