CnEVPost Newsletter: NIO's auto sales subsidiary increases registered capital by 50% to $1.5 billion

NIO's auto sales subsidiary increases registered capital by 50% to $1.5 billion - CnEVPost — cnevpost.com After its two Anhui-based subsidiaries received a 50 percent increase in registered capital, NIO's auto sales subsidiary saw a similar move.

NIO's venture capital arm invests in EV charging service provider Yunkuaichong - CnEVPost Yunkuaichong, a Chinese EV charging service provider, announced Monday that it has closed a Series B2 round of funding from NIO Capita, less than three months after closing its Series B round.

NIO debuts ET7 in Germany, local deliveries expected to begin in Q4 2022 - CnEVPost NIO has presented the ET7 for the first time in Germany, marking the model's European debut. It confirmed that the model will be available in Germany next year.

Li Auto, XPeng, NIO top insurance registrations among Chinese new car makers in Aug - CnEVPost The CATARC figures are based on insurance registrations for vehicles and are closer to true retail sales each month.

Tesla hikes Model Y Performance price in China by about $1,550 - CnEVPost The starting price of the Model Y Performance in China has been raised by RMB 10,000 ($1,550) to RMB 387,900, and those who have previously reserved unaffected.

Xiaomi reportedly to acquire a carmaker to qualify to build cars - CnEVPost The acquisition would give Xiaomi the capacity and production qualification to quickly put its own products into production.

Xiaomi CEO visits FAW Group for in-depth talks on car-making partnership - CnEVPost Lei Jun, the founder, chairman and CEO of Xiaomi, recently visited China FAW Group in the northeastern province of Jilin for in-depth talks on a partnership.

Baidu robotaxi service expands coverage to five cities as Shanghai becomes latest - CnEVPost Baidu's self-driving business unit Apollo launched its robotaxi service in Shanghai on September 12, expanding the service's coverage to five cities in China.

China has too many NEV companies, mergers are encouraged, official says - CnEVPost China now has too many NEV companies, which are small and fragmented, and the industry's players need to get bigger and stronger in the future, a senior Chinese official said.