CnEVPost Newsletter: NIO further taps China's capital markets, partners with aluminum giant

NIO raises $163 million through ABN issuance in China as it further taps its home capital markets - CnEVPost — cnevpost.com This is NIO's latest move after raising RMB 1 billion in an ABS issue last year, meaning it has established direct access to financing in both China's exchange and interbank markets.

NIO forms strategic partnership with state-owned aluminum maker Chinalco - CnEVPost Chinalco is the world's No. 1 supplier of alumina and No. 1 supplier of electrolytic aluminum, with operations in more than 20 countries and regions.

Great Wall Motor exec hits back at NIO's William Li' comments on fuel cars - CnEVPost The executive implied that the new car makers, including NIO, were using psychology to hide the inherent deficiencies of EVs and their lack of technology.

NIO, XPeng, Li Auto's Metaverse trademark applications all rejected - CnEVPost A large number of well-known technology companies, including Tencent and Netease, have also had their Metaverse trademark applications rejected previously.

Li Auto's next model officially named L9, to be unveiled at next month's Beijing Auto Show - CnEVPost Li Auto will unveil its global smart flagship SUV for families, which is officially named Li Auto L9, during the Beijing Auto Show, it said.

CATL denies rumors of battery production cuts - CnEVPost CATL has a strong ability to secure supply, but rumors of production cuts show that the industry as a whole is facing cost pressures, local media said.

XPeng adds 20-kW DC charger to its charging system - CnEVPost XPeng has put into operation destination charging stations equipped with the 20-kW charger in four cities.

BYD sells 88,283 NEVs in Feb, up 752.6% year-on-year - CnEVPost BYD sold 43,173 all-electric passenger vehicles and 44,300 plug-in hybrid passenger vehicles in February.

SAIC sells 45,267 NEVs in Feb, up 48% year-on-year - CnEVPost This was down 37.3 percent from 72,236 units in January and accounted for 14 percent of the group's sales of all models in February.

China adds 180,000 NEV-related firms in 2021 - CnEVPost There are now 452,000 NEV-related companies in China, with the significant growth in that number occurring mainly in the past three years.