CnEVPost Newsletter: NIO's 2nd-gen battery swap station; Li Auto hiring for new plant; Baidu Apollo Moon

NIO's first second-gen battery swap station in highway service area comes online - CnEVPost — cnevpost.com NIO announced Thursday the launch of its battery swap station at the Luoyang service area on China's G30 Lianyungang-Horgos Highway, its first second-generation battery swap station in a highway service area, marking the start of construction of the facility along the expressway.

NIO's battery supplier CATL's new project goes into operation with annual capacity of 15GWh - CnEVPost As the world's largest power battery supplier, NIO and Tesla's battery supplier CATL is expected to further consolidate its leading position with the addition of more capacity.

Analysts expect worst time for China's auto industry to be over soon - CnEVPost Demand in China's auto industry was not fully released in the first half of the year due to tight chip supply, and as the issue improves, the second quarter will be the worst period for the industry's performance, CITIC Securities said.

Li Auto hiring 'Beijing plant manager', cementing rumors of new factory - CnEVPost Li Auto has been rumored several times since early April to be building a second factory in Beijing, and while the company has never confirmed it, the latest job postings seem to prove those rumors are reliable.

Baidu Apollo, Arcfox unveil Apollo Moon to accelerate Robotaxi commercialization at low cost - CnEVPost Apollo, the self-driving arm of Chinese tech giant Baidu, has unveiled its latest Robotaxi, setting the stage for large-scale commercialization of the business at relatively low costs.

China FAW announces memory parking feature like XPeng's VPA - CnEVPost The company claimed the system is the world's first vehicle-side perception-based L4 valet parking system, supporting both commercial parking lots and private parking scenarios.