CnEVPost Newsletter: NIO renews contract with JAC; XPeng said to release first large SUV in 2022
NIO renews contract with JAC, annual capacity to be doubled to 240,000 units - CnEVPost — cnevpost.com JAC will expand its annual production capacity to 240,000 units in order to meet the growing demand for NIO vehicles, the company said in a statement.
NIO's William Li says targeting premium market gives EV maker more resources for innovation - CnEVPost Li said that if the vehicle is too cheap, the company cannot afford to use a lot of new technology. "If our vehicles were priced higher, we could use some of the latest technology," he said.
OPPO, NIO complete development of next-gen digital car key - CnEVPost OPPO announced Monday that it has completed joint development and testing with NIO for a CCC 2.0-based digital car key, a feature that will be available in the Wallet App for OPPO phones and watches in the future.
NIO ES8 involved in accident in Beijing, severely damaging car's front end - CnEVPost At a time when Tesla is in the spotlight due to continued reports of vehicle accidents, one of its main competitors in the Chinese market, NIO, has been involved in what appears to be a similar incident.
XPeng said to release first large SUV in 2022 - CnEVPost XPeng Motors will release its first large SUV in 2022, which will be the company's fourth model and will be comparable in size to the NIO ES6, local media reported Monday.
Analysts praise Li Auto's move to ditch Mobileye in favor of local chips - CnEVPost To analysts, this is not only a smart move by Li Auto, but also heralds the upgrade of China's auto industry chain.
Investigation results say driver responsible for major accident involving Tesla last August - CnEVPost A traffic accident involving a Tesla vehicle last August that resulted in serious injuries to the driver and damage to the vehicle has sparked heightened concern in China, but now the latest findings say the driver, not Tesla, is to blame.
Huawei reiterates it won't be involved in building cars or investing in any automakers - CnEVPost Rumors about tech giant Huawei building cars come out every once in a while. Now the company has reiterated its stance in order to reassure China's increasingly competitive electric car industry.
FAW-Volkswagen reportedly plans to cut production by 30% in Q2 as chip shortage affects 29 models - CnEVPost FAW-Volkswagen had planned to produce about 610,000 vehicles in the second quarter of this year, but due to chip shortages, it is expected to produce only 400,000 vehicles, a cut of about 30 percent, yicai.com reported Monday.
Analysts say sodium-ion batteries have little chance of replacing lithium-ion batteries - CnEVPost The strategic importance of sodium batteries as a technology reserve and to ensure China's energy security should be valued, but their commercial value should not be overestimated.