CnEVPost Newsletter: NIO owners fire back

NIO owners fire back, say NOP did not mislead them in joint statement - CnEVPost — cnevpost.com As NIO enters the spotlight for a fatal ES8 crash, the company's owners have come to its defense.

Police back NIO's claim that it did not redact accident vehicle data - CnEVPost NIO previously denied claims that its technician had private access to the vehicles involved in a fatal accident. Now, remarks from the police give it support.

NIO adds four new battery swap stations, bringing total to 374 - CnEVPost As of August 18, NIO has 374 battery swap stations, 252 supercharging stations, 440 destination charging stations, and access to over 390,000 third-party charging piles in China.

XPeng starts expansion of existing plant, to double annual capacity to 200,000 units - CnEVPost While its factory in Guangzhou is still under construction and a project in Wuhan has just started, XPeng Motors' earliest factory is starting to expand.

XPeng establishes intelligent manufacturing company in Wuhan - CnEVPost On July 31, XPeng's new factory project in Wuhan Economic and Technological Development Zone was launched.

Li Auto to report Q2 earnings on Aug 30 - CnEVPost Previously released figures showed that Li Auto delivered 17,575 Li ONEs in the second quarter, up 166 from a year ago and up 40 percent from the first quarter.

Citi initiates coverage of Li Auto's HK shares with Buy rating and HK$165 price target - CnEVPost Citi has initiated coverage of Li Auto's Hong Kong shares with a Buy rating and a HK$165 price target. Li Auto closed at HK$106.3 on Tuesday, and the price target implies a 55 percent upside.

Auto chip shortage fears return as Malaysia's Covid-19 outbreak worsens - CnEVPost The tight supply of automotive chips, which had eased in recent months, seems to have returned.

Geely aims for 3.65 million sales by 2025, with EVs accounting for over 30% - CnEVPost Geely wants to be No. 1 in China in terms of market share by 2025. Zeekr aims to reach 650,000 units sold by then and have a top-three global share of the premium EV market.

Chinese robo-van maker Neolix gets investment from SoftBank - CnEVPost Neolix announced on August 18 the completion of hundreds of millions of RMB Series B funding round led by CICC Capital and SoftBank Ventures Asia.

Baidu unveils Apollo car robot without steering wheel - CnEVPost Baidu unveiled its Apollo car robot without a steering wheel and pedals but equipped with a large, curved screen on August 18.

Baidu launches unmanned vehicle travel service platform - CnEVPost Baidu on Wednesday unveiled its new unmanned vehicle travel service platform, Luobo Kuaipao (萝卜快跑, literally, run fast, carrot).

Wuling claims over 3,000 orders for KiWi EV in first week of pre-sale - CnEVPost The KiWi EV, which has been available for pre-sale since August 11, is offered in two versions, a base version priced at RMB 69,800 ($10,766) and a premium version priced at RMB 78,800.

Driverless travel to account for 60% of China's mobility market by 2030 with Baidu set to be leader, says IHS Markit - CnEVPost Robotaxi will account for 60 percent of China's ride-hailing market with RMB 1.3 trillion by 2030, with Baidu likely to be the leader, IHS Markit said in an August 16 report.