CnEVPost Newsletter: NIO's LiDAR supplier plans initial annual capacity of 100,000 units

NIO's LiDAR supplier Innovusion plans initial annual capacity of 100,000 units - CnEVPost — cnevpost.com Innovusion's long-range LiDAR production line in Ningbo has been installed and is in quasi-mass production, according to the company's CEO.

NIO reaches 30,000 units of vehicle deliveries in Shanghai - CnEVPost Shanghai is one of the top-tier cities in China with the strongest support for NEVs, and NIO sees it as an important market.

NIO signs deal with another highway service area operator to jointly build swap stations - CnEVPost This is the third agreement NIO has signed with a highway service area operator in the past month.

XPeng allows consumers who purchase vehicles before Jan 10 to continue to enjoy this year's higher subsidies - CnEVPost China's subsidies for new energy vehicle purchases are set to decrease by 30 percent in 2022 compared to this year.

XPeng adds two new options to its flagship sedan P7 - CnEVPost The XPeng P7 with an NEDC range of 670 km has added a 670E+ version, and a 670E+ Wing Edition, with the regular 670E version no longer in stock.

AITO M5, built by Huawei and Seres, reportedly gets over 2,000 orders in 3 days - CnEVPost The AITO Wenjie M5 surpassed 2,000 orders in three days in Shanghai, Shenzhen, Hangzhou and Chengdu, four cities that already have show cars, according to a local media report.

JAC says it's not partnering with Huawei to build cars, but doesn't rule out more possibilities - CnEVPost Recently there were rumors that NIO's car-making partner JAC will also cooperate with Huawei to build cars. The company has denied it, but said it does not rule out more possibilities in the future.

Exclusive insurance for NEVs officially available in China - CnEVPost The exclusive coverage is expected to see a drop in insurance costs for about 80 percent of NEV owners, but some users say Tesla is facing significant premium increases.