CnEVPost Newsletter: NIO ET7 production enters new phase
First tooling trial prototypes of NIO ET7 roll off line - CnEVPost — cnevpost.com At the end of this phase, the ET7 will enter the pre-production phase to prepare the vehicle for final delivery.
NIO's William Li says automakers should play bigger role in carbon neutrality - CnEVPost He said NIO is involved in building a world-class smart electric vehicle industry cluster in Hefei, with the main purpose of achieving low-carbon and sustainable development.
NIO says its battery swap network now covers highway service areas from Beijing to major neighboring cities - CnEVPost NIO announced on September 16 that it has completed a network of battery swap stations in highway service areas from Beijing to all major neighboring cities.
NIO-backed Chinese self-driving unicorn Momenta has closed a new round of funding for an unknown amount, with US auto giant General Motors (GM) as the lead investor with a $400 million investment.
XPeng may consider M&A to expand production capacity - CnEVPost
XPeng could consider acquiring less successful rivals to expand capacity in the future, Reuters quoted the company's president Brian Gu as saying in a media call on Wednesday after the official launch of the company's P5 sedan.
CATL steps up efforts in overseas markets by partnering with BASF - CnEVPost CATL's first European plant is under construction in Germany and aims to localize the production of lithium-ion batteries, the company said.
Leap Motor secures about $1.55 billion credit line from Chinese bank - CnEVPost
Leap Motor announced Wednesday that it has entered into a strategic cooperation agreement with China Construction Bank's Zhejiang branch, securing the bank's strategic funding support of nearly 10 billion yuan ($1.55 billion) over the next five years.
SAIC-GM-Wuling unveils mini battery swap station - CnEVPost The battery swap station takes up the area of the parking space needed for two Baojun E200s, which measurs just 2,497*1,526*1,616 mm.
SAIC-GM-Wuling debuts its computing chip - CnEVPost SAIC-GM-Wuling unveiled its computing chip at a launch event on September 15, saying its specifications have reached the technical level of similar foreign products.
SAIC aims to sell over 2.7 million NEVs globally by 2025 - CnEVPost China's largest automaker SAIC Motor aims to sell more than 2.7 million new energy vehicles (NEVs) worldwide by 2025, accounting for at least 32 percent of its total sales.
EV battery maker Farasis Energy plans to raise up to $800 million for new project - CnEVPost The lithium battery project is located in Wuhu City, Anhui Province, and will achieve an annual production capacity of 12 GWh of power batteries when it reaches production.
China's new energy vehicles still face high costs, official says - CnEVPost The MIIT will work with relevant departments to accelerate coordination and promote the high-quality development of new energy vehicles.
China supports accelerated development of NEV industry, govt document says - CnEVPost China's Ministry of Commerce said it is working with relevant departments to carry out activities to bring NEVs to rural areas.
Chinese regulator calls for stronger cybersecurity and data security for smart vehicles - CnEVPost
China's Ministry of Industry and Information Technology (MIIT) on Thursday issued a notice document on strengthening cybersecurity and data security for connected vehicles, saying the safety and security systems for such models urgently need to be improved.