CnEVPost Newsletter: NIO's affiliate takes stake in chip firm; Deutsche Bank raises XPeng price target

NIO's affiliate takes stake in chip firm - CnEVPost — cnevpost.com The focus on chip companies for carmakers has never been stronger, and an affiliate of NIO has taken a stake in a Chinese chip company, further expanding its circle of friends in the field.

NIO creates tech showroom in China's tallest skyscraper - CnEVPost — cnevpost.com As the only local Chinese electric car brand with a foothold in the premium market, NIO has strong technological capabilities, and the company is not shy about showing them off.

NIO puts two new battery swap stations into operation, bringing total to 312 - CnEVPost — cnevpost.com NIO's two new battery swap stations, located in Xingtai in Hebei province and Taiyuan in Shanxi province, went into operation on July 18, bringing the total to 312.

Deutsche Bank raises XPeng price target to $50, citing EV sentiment re-rate potential - CnEVPost In a research note sent to investors on Monday, Deutsche Bank's Edison Yu's team raised its price target on XPeng by $7 to $50, saying it is based on 7.5x 2022E sales, after previously valuing XPeng at 7.0x 2022E sales.

XPeng to offer six NBA-themed color change films for G3i users - CnEVPost XPeng is teaming up with the NBA to offer six color change films for the recently released G3i, a facelift of its G3 SUV, the company said Monday. The products will go on sale in September.

XPeng P5 opens for pre-sale with starting price of about $24,700 - CnEVPost XPeng Motors' new sedan P5 officially launched its pre-sale on July 17, with a subsidized price range of RMB 160,000 ($24,700) to 230,000.

XPeng says P5 gets over 5,000 orders in 7 hours after opening for pre-sale - CnEVPost XPeng Motors' less expensive sedan, the P5, has received more than 5,000 orders in seven hours after opening for pre-sale, the company said Saturday.

WM Motor breaks silence on sales, says it sold 4,007 vehicles in June - CnEVPost WM Motor, one of the most closely watched new car makers in China, has been questioned for lagging behind its peers this year as it stopped releasing sales figures. Now the company has finally broken its silence.

WM Motor's SUV W6 gets first OTA update - CnEVPost WM Motor's SUV W6 has received its first OTA update to support 11 popular vehicle remote control functions.

Tesla opens Supercharger station in Shanghai with solar power generation and energy storage - CnEVPost After Lhasa, Tesla has completed its second Supercharger station in China with both solar power generation and energy storage in Shanghai.

LG Energy Solution overtakes CATL in May to become world's largest power battery supplier - CnEVPost LG Energy Solution's installed base in May rose 370 percent year-over-year to 5.7 GWh.

BYD's blade battery now used in all of its all-electric models - CnEVPost The blade battery, a power cell that BYD claims won't catch fire, was first used in its flagship Han EV model. It is now available in all BYD's all-electric models.

BYD to push OTA update to Han EV, bringing Huawei HiCar support - CnEVPost Huawei HiCar enables Huawei phones to connect wirelessly to the car, allowing users to control their phones from the center console. The update also includes Remote Parking Assist and Music Ambient Light.

Ford adds new version of Mustang Mach-E in China that can enjoy subsidies - CnEVPost Tesla's new version of the Model Y, which was launched earlier this month and is eligible for China's state subsidies, has garnered the company plenty of orders, and now its US counterpart Ford Motor is following suit.

Chinese self-driving truck firm TuSimple reportedly launches project to build vehicles - CnEVPost TuSimple recently launched its vehicle-building project Turing Auto and established two subsidiaries for this purpose, according to local media outlet Auto-Bit.

Baidu Apollo's robotaxi service available in four cities with Guangzhou becoming the latest - CnEVPost Baidu Apollo's robotaxi service became available in Guangzhou on July 17, making it the fourth city to support the service after Beijing, Changsha and Cangzhou.

Expert says EVs actually causing increased carbon emissions, here's why - CnEVPost In the public perception, electric vehicles (EVs) do not use fossil fuels, so they will be more low-carbon and environmentally friendly than conventional vehicles. But in one expert's opinion, that's not the case at this stage.

Chinese self-driving firm DeepRoute opens robotaxi service to public in Shenzhen - CnEVPost DeepRoute has deployed 20 robotaxis in Shenzhen, operating in an area covering nearly 100 stations including the core CBD, with a total operating stretch of more than 200 kilometers.

Chery releases first teaser image of its Mini EV competitor - CnEVPost The new car continues the cute design language of the QQ model, with semi-circular headlights that look like a pair of cat eyes.

Power battery suppliers try to shake off association with EV recalls - CnEVPost Recalls for power battery safety hazards are something car companies don't want to see, and that's especially true for battery suppliers.

Carmakers earn 4.37 million positive points in 2020 under China's dual credit policy - CnEVPost Automakers in China have 4.37 million positive points and 1.07 million negative points for new energy vehicles in 2020 under the dual credit policy.

Hunan becomes China's first province to pilot low-altitude flights in historic move to explore opening up strictly regulated area - CnEVPost Central China's Hunan province has become the first province in the country to be allowed to pilot full-field low-altitude flights, CCTV said in a brief report on July 17, citing China's National Civil Aviation Administration.

China's NEV sales expected to reach 2.8 million this year, report says - CnEVPost After several upward revisions to its forecast, the China Passenger Car Association expects China's new energy vehicle sales to reach 2.4 million units this year. Now, a report is offering an even higher forecast.