CnEVPost Newsletter: NIO, Li Auto's HK listing plans
NIO reportedly filed for HK secondary listing in March, but delayed due to user trust issues - CnEVPost — cnevpost.com NIO was listed in the US on Sept. 13, 2018, and it meets the conditions for a secondary listing in Hong Kong, according to the HKEx rules.
NIO's move to add new independent director is in preparation for HK listing, report says - CnEVPost The move puts NIO more in line with the criteria for listing in Hong Kong, where XPeng Motors made a similar arrangement ahead of its July 7 listing.
NIO puts five charging stations into operation in Inner Mongolia as its Power North plan continues to advance - CnEVPost The Power North plan is NIO's initiative to improve the electric vehicle experience for customers in northern China, announced at the Shanghai auto show in late April.
SPDB International initiates coverage of XPeng HK stock with Buy rating and HK$187.6 price target - CnEVPost XPeng's car sales have a price-to-sales ratio close to other new car makers, but its software services could be given a higher price-to-sales ratio thanks to its push in autonomous driving and software monetization, according to the report.
XPeng unveils X2, its fifth-generation flying car - CnEVPost XPeng Huitian, the electric flying car company owned by XPeng Motors, unveiled its fifth-generation flying vehicle, X2, on Friday, XPeng Chairman and CEO He Xiaopeng announced via Weibo.
XPeng to bring closer-to-real-life voice interaction experience to P7 - CnEVPost XPeng said Thursday that the Xmart OS in-car intelligent voice assistant "Little P" will receive a new AI voice via OTA in July and will first be available on the XPeng P7.
XPeng P7 gets five stars in authoritative ratings for its 'intelligence' - CnEVPost Intelligent is the label XPeng Motors wants to put on itself, and a new rating is expected to further reinforce that impression with consumers.
Li Auto reportedly filed for HK listing in May, will use dual listing similar to XPeng - CnEVPost Li Auto has submitted its listing application to the Hong Kong Stock Exchange at the end of May and will list in Hong Kong in a dual listing similar to that of XPeng Motors, Tencent News reported Friday.
Tesla raises prices of Model S and Model X Long Range in China - CnEVPost Information on Tesla China's official website shows that the prices of the Model S Long Range and Model X Long Range have increased by 30,000 RMB ($4640) each.
TSMC says carmakers can expect sharp uptick in chip supply - CnEVPost TSMC said its MCU production in the first six months of the year rose 30 percent over the same period last year, and the company will increase MCU production by nearly 60 percent this year compared with last year.
Option incentive plan shows Xiaomi aims to sell a million EVs a year - CnEVPost Xiaomi, which announced in March that it was joining the car-making bandwagon, is aiming for annual sales of a million vehicles, according to its employee option incentive plan reported by tech media outlet 36kr on July 16.
WM Motor establishes import/export firm, paving way for its vehicle exports - CnEVPost Although Chinese electric vehicle startup WM Motor hasn't had as strong a year as its local counterparts, including NIO, that hasn't affected its business layout.
Leap Motor says its self-driving technology will surpass Tesla's in three years - CnEVPost Leap Motor, the Chinese electric car startup that just announced it has received a license to manufacture cars as well as financing, has big ambitions in the self-driving space.
Chinese power battery supplier Svolt announces mass production of its cobalt-free batteries - CnEVPost As the price of cobalt continues to rise, power battery makers around the world are trying to get rid of the metal. Now, a Chinese company has done just that.
Power battery maker Gotion High-Tech secures its first plant in Europe through acquisition - CnEVPost Gotion High-Tech has signed a deal with the Robert Bosch GmbH to acquire the latter's plant in Göttingen, Germany, to gain its first new energy production operation in Europe.
Great Wall Motors recalls 16,216 EVs due to potential battery thermal runaway - CnEVPost Great Wall Motors (GWM) is recalling 16,216 Ora IQ electric vehicles due to a potential problem with the power cell thermal runaway.
Chery recalls 1,407 EVs due to battery safety hazards - CnEVPost Chery is recalling 1,407 Arrizo 5e electric vehicles due to a potential risk of thermal runaway of the battery.
China's unified carbon market officially starts trading - CnEVPost The first transaction was successfully concluded at 9:30 am at RMB 52.78 ($8.1) per ton, with a total of 160,000 tons traded at a value of RMB 7.9 million.
Chinese LiDAR supplier Hesai reaches deal with autonomous driving firm WeRide - CnEVPost Chinese LiDAR supplier Hesai Technology and autonomous driving system developer WeRide have entered into a strategic partnership to jointly promote the adoption of driverless technology.