CnEVPost Newsletter: NIO's existing models may also be equipped with LiDAR; XPeng to release lower-priced P7

NIO's existing models may also be equipped with LiDAR if Innovusion's products prove reliable - CnEVPost If NIO's LiDAR supplier Innovusion's product quality proves reliable, not only its sedan ET7 will use its LiDAR, but also existing ES8, ES6, and EC6 models will be equipped with its products, 36kr.com said Friday, citing people familiar with the matter.

Shipping info sparks speculation NIO may build showroom in US - CnEVPost A shipping document posted on Reddit shows that NIO sent a total of 40 tons of cargo to the United States, sparking speculation that the Chinese electric car maker may be setting up a showroom in the country.

NIO's William Li visits oil giant Sinopec - CnEVPost Local media reported that they discussed the development trend of the electric vehicle industry, charging and battery swap facilities construction, and high-end synthetic materials.

NIO's second-gen battery swap station begins final testing, deployment expected to begin in April - CnEVPost William Li, founder, chairman, and CEO of NIO, and the company's president Qin Lihong were on site for the testing, proving the importance the company places on the next-generation battery swap station.

NIO delays 100kWh battery flexible upgrade service by two months, says demand exceeds expectations - CnEVPost NIO said that the overall demand for the 100kWh battery is strong and has exceeded previous expectations, resulting in a short-term shortage of supply. Those who choose the flexible upgrade service will only be able to start booking in April at the earliest.

NIO falls 10% pre-market amid broad market sell-off, here is why - CnEVPost At press time, NIO was down 10 percent to $45.59. Between February 10 and Monday, NIO accumulated a 19 percent decline.

NIO Capital invests in firm that provides self-driving solutions for mining vehicles - CnEVPost NIO Capital is a private equity investment institution with RMB 10 billion funds under management.

NIO Capital leads $20 million funding for VR firm NOLO VR - CnEVPost NOLO VR is the only mobile VR hardware brand in the world other than Oculus that owns one of the most core key technologies of VR - 6DoF interaction technology.

NIO's FOTA named 'Best Innovation in Automotive' at influential tech event - CnEVPost NIO is the world's first automotive brand to achieve large-scale FOTA for the entire vehicle through completely independent research and development.

Li Auto Q4 revenue beats expectations, net profit turns positive for first time - CnEVPost Chinese electric vehicle maker Li Auto reported revenue of RMB 4.15 billion yuan in the fourth quarter of 2020, above market expectations of RMB 3.793 billion and up 65.2 percent from RMB 2.51 billion in the previous quarter.

Li Auto says Shanghai's new policy on PHEVs has little impact on it - CnEVPost "The introduction of the policy in Shanghai was within our expectation and was implemented even later than we anticipated," said Li Auto co-founder and president Shen Yanan.

CICC expects Li Auto to enter period of high growth from 2021 - CnEVPost Li Auto has passed the 0-1 stage and is now entering the 1-10 stage, with a high growth period starting in 2021, China’s top investment bank CICC said in a report released February 26.

Li Auto aims to be No. 1 smart EV firm in China with 20% share by 2025 - CnEVPost Li Auto's 20 percent market share corresponds to 1.6 million units of sales.

Li Auto said to launch all-electric car in 2023, with new Li ONE to be released this year - CnEVPost Li Auto has recently launched an all-electric vehicle program, with the first product scheduled for release in 2023, Chinese media outlet LatePost reported Wednesday.

XPeng said to release new P7 sedan with lithium iron phosphate batteries on March 3 - CnEVPost Early this month there are rumors that XPeng P7 with lithium iron phosphate batteries will be released on March 3, with a range of 480km. In this regard, Chinastarmarket.cn quoted XPeng insiders as saying that the news is true.

XPeng says NGP surpasses 1 million km user mileage 25 days after launch - CnEVPost This comes just 25 days after XPeng pushed an OTA update to its flagship P7 sedan and opened the NGP (public beta) feature to users on January 26.

XPeng stock lock-up period expires Tuesday - CnEVPost The 180-day lock-up period on shares of Chinese electric car maker XPeng Motors expired February 22 EST, and they will be free to float from February 23.

XPeng holder reportedly offers 10.5 million shares as IPO lock-up expires - CnEVPost XPeng Motors holder Shanghai Cheyou offers 10.5 million ADR via Goldman Sachs as the 180-day lock-up period on shares of the company expired February 22, according to Bloomberg.

NIO, XPeng, Li Auto earnings coming, what to watch - CnEVPost At a time of fragile market sentiment, investors are anticipating good news from the fourth quarter earnings report.

Analysts expect US-listed Chinese EV trio deliveries to maintain high growth rate - CnEVPost "As the sales network continues to expand, we expect the new forces' deliveries to remain at a high growth rate," the report said.

Tesla China goes on hiring spree for Shanghai Gigafactory - CnEVPost Tesla China will hold job fairs in 15 cities, including Hefei, Nanjing, and Hangzhou, to hire employees for its Shanghai Gigafactory starting in March 2021.

Tesla makes details of repair and maintenance charges public for first time in China - CnEVPost Tesla repair and maintenance prices are not high, most items are only about 50% of the price of traditional luxury cars such as Mercedes-Benz, BMW, and Audi.

Tesla's US rival Lucid Motors says exploring possibility of building plant in China - CnEVPost Tesla's biggest US rival, Lucid Motors, said it is now considering the possibility of building a factory in China, the Shenzhen-based Securities Times reported Wednesday.

Shanghai gives local EV industry another policy push, lists goals for next five years - CnEVPost Shanghai, the city where Tesla's Gigafactory in China is located, is further increasing its support for new energy vehicles.

China's Hainan province requires new and replacement govt cars and buses can only be NEVs - CnEVPost China's southernmost province of Hainan requires that new and replacement official cars and buses can only be new energy vehicles and proposes to add 25,000 new energy vehicles in the province in 2021.

Xiaomi clarifies reports that it plans to build electric cars - CnEVPost Chinese smartphone maker Xiaomi has officially clarified, though not explicitly denied, reports of its entry into the car-making industry.

Huawei denies making its own-branded EVs, says strategy remains unchanged - CnEVPost In response to media reports that it plans to build its own brand of electric vehicles, Huawei denied it, saying its strategy has not changed.

After Great Wall Motor, SAIC reportedly invests in auto chip firm Horizon Robotics - CnEVPost After Great Wall Motor, another local Chinese automotive giant SAIC Group has recently finalized a strategic partnership agreement with smart chip company Horizon Robotics.