CnEVPost Newsletter: NIO in spotlight after vehicle crash; CATL unveils Qilin Battery

NIO responds to vehicle crash that killed two testers - CnEVPost — cnevpost.com Based on the analysis of the situation at the scene, it can be preliminarily confirmed that it was an accident and not related to the vehicle itself, NIO said.

NIO becomes trending topic in China after vehicle falls out of building - CnEVPost An NIO sedan ran off the fifth floor of the company's Shanghai headquarters building and tumbled sideways onto the ground, according to local media.

Two die after NIO test vehicle falls from building - CnEVPost The tragedy made NIO one of the most discussed topics on Weibo today, with the number of discussions about the accident reaching 1.61 million as of this writing.

NIO model that crashed was ET7, wrong gear by driver led to tragedy, reports say - CnEVPost The driver of the vehicle had hoped to put it in reverse gear, but instead put it in forward, according to local media.

NIO, XPeng, Li Auto surge in Hong Kong as investors expect NEV purchase tax exemption to continue next year - CnEVPost China is studying the extension of its policy on the purchase tax exemption for NEVs, a State Council meeting said yesterday.

Tesla Shanghai plant to halt work for 2 weeks in July to make upgrades for production expansion, report says - CnEVPost Tesla aims to raise production at the Shanghai plant to a new record high by the end of July to get closer to its goal of producing 22,000 cars a week, according to Reuters.

Tesla's Shanghai plant will reportedly finish upgrades around August 7 with significant capacity increases - CnEVPost For the first two weeks of July, Tesla will halt most production on its Model Y assembly line for an upgrade, while a similar adjustment to the Model 3 line will be in place for 20 days starting July 18, according to Bloomberg.

Tesla China to lay off about 10% of workforce, report says - CnEVPost This is part of Tesla's global layoff plan, a local media report says.

Li Auto to adopt CATL's Qilin Battery next year, CEO hints - CnEVPost Li Auto is aiming to develop pure electric vehicles that can charge to more than 400 kilometers in 10 minutes, the company previously said.

CATL unveils Qilin Battery, says it can easily achieve 1,000 km vehicle range - CnEVPost The Qilin Battery will have an energy density of 255 Wh/kg and will be in mass production in 2023, CATL said.

CATL to supply batteries for Kia's Niro SUV sold in South Korea - CnEVPost Korean media reported yesterday that Kia has selected CATL's batteries for its electric Niro SUV. Chinese media today quoted CATL sources as confirming the report.

CATL officially sets price of its share offering at RMB 410 - CnEVPost CATL raises a total of RMB 45 billion through the offering, which will be used for lithium battery capacity construction and technology development projects.

Geely JV Livan officially enters battery swap space, plans to launch at least 6 models in next 3 years - CnEVPost Livan officially announced its entry into the battery swap segment through a rebranding and will launch its first battery swap-enabled model, the Livan 7, for the general public this Saturday.