CnEVPost Newsletter: NIO partners with AMD; Q1 earnings preview

NIO to use AMD chips to build high-performance computing platform - CnEVPost — cnevpost.com This helps speed up AI deep learning training, save costs and shorten product development cycles, according to AMD.

NIO to report Q1 earnings on June 9, what to watch? - CnEVPost Deutsche Bank analyst Edison Yu's team cut their price target on NIO by $5 to $45, but said NIO is on track to return to its product super cycle this year.

NIO's operations in Shanghai have largely returned to normal levels - CnEVPost — cnevpost.com NIO has delivered 101 vehicles in Shanghai since June 2, and ET7 deliveries in the city will begin today.

NIO launches mobile charger that allows vehicles to power other vehicles or devices - CnEVPost The device, which only allows users to rent rather than buy at battery swap stations, has sparked discontent among some NIO owners.

NIO reportedly to launch ES7 on June 15 - CnEVPost NIO will hold an online launch event on June 15 to unveil the ES7 as well as the 2022 ES6, EC6 and ES8, according to local media.

NIO ES7 gets green light to go on sale in China, more specs revealed - CnEVPost NIO is preparing for the launch of the ES7, which could happen later this month.

NIO to be added to HKEX mechanism for preventing abnormal stock price volatility on June 13 - CnEVPost NIO's shares traded in Hong Kong closed up 5.88 percent today, giving it a 48 percent gain since May 13.

Li Auto to launch L9 on June 21, CEO expects over 10,000 deliveries in September - CnEVPost Li Auto has produced thousands of L9 SUVs, which will be shipped to all its stores in July and deliveries will begin in August.

China EV trio rises in Hong Kong as new product launches near - CnEVPost As of press time, NIO was up 2.48 percent to a new high so far this month. Li Auto was up 10.62 percent to a new high since early April.

Tesla on hiring spree in China amid plans to cut global workforce - CnEVPost Tesla posted more than 100 job openings in China late last month, and local media are reporting that the company is still short on talent in the country.

China to end probe of Didi, report says - CnEVPost Chinese regulators plan to allow Didi, Kanzhun, Full Truck Alliance's mobile apps back into the domestic app stores, which could happen as early as this week, according to the Wall Street Journal.

Cadillac Lyriq officially available for reservations in China, deliveries expected to begin at end of September - CnEVPost The Cadillac Lyriq is available in China in three versions, priced at RMB 439,700, 459,700 and 479,700 respectively.

Qiantu's two-seat compact car, K20, starts pre-sale with prices starting at around $13,070 - CnEVPost The Qiantu K20 can accelerate from 0 to 100 kilometers per hour in as little as 4.7 seconds and offers frameless doors and a variety of color options to appeal to younger consumers.

Chinese heavy truck maker with over 70 years of history ditches ICEs for NEVs - CnEVPost Although not many people in China know about Changzheng Auto, it is the second company after BYD to officially announce a full shift to NEVs.