CnEVPost Newsletter: NIO makes new progress in Power North plan; BMW announces 'China First' strategy

NIO opens charging network covering major highways in Inner Mongolia under Power North plan - CnEVPost — cnevpost.com The Power North plan is an initiative announced by NIO at the end of April to improve the electric vehicle experience for customers in northern China.

Li Auto signs strategic co-op framework agreement with southwest Chinese city Chongqing - CnEVPost Li Auto's founder said the company will increase its investment in Chongqing and deepen its strategic partnership with the city.

BYD director completes planned shareholding reduction to cash out at least RMB 2.8 billion - CnEVPost Xia contributed about RMB 300,000 to BYD in 1995, his first investment in BYD and making him one of the three founders of the company.

Svolt charges up global EV battery race with $943 million in new funding - CnEVPost The newest entrant from China thinks it could take up nearly a third of the global market over the next five or six years.

BMW aims to retain its glory in EV era with 'China First' strategy - CnEVPost "China First" means that the local team will have enough independence to respond quickly to market changes and take Chinese customers' expectations into account at the product concept stage, BMW said.

China's Hesai to provide LiDARs for Nvidia's autonomous driving system - CnEVPost Hesai's LiDARs will be used in the NVIDIA DRIVE platform for tagging and training data, as well as to build 3D environment.