CnEVPost Newsletter: NIO's LMFP battery rumor; BYD's record sales; CATL to supply M3P batteries to Tesla

Aug 3, 2022

NIO reportedly targeting LMFP batteries as one of its R&D directions - CnEVPost — cnevpost.com One of the technical directions of NIO's battery R&D is LMFP batteries, and the technical route is similar to CATL's M3P batteries, according to local media.

NIO's third brand's first model will be entry-level sedan, report says - CnEVPost NIO is planning a third brand, and judging by the product definition and development, the first product will be an entry-level electric sedan in the RMB 100,000 ($14,820) class, according to local media.

Explainer: Which cities are NIO vehicles sold to? - CnEVPost In the first half of the year, Shanghai was the highest-selling city for all NIO models.

NIO App becomes available in Germany, Denmark, Sweden, and Netherlands - CnEVPost Users from these four countries can start registering for the NIO App and can invite friends and earn points.

NIO to allow consumers to lock in ES7 orders later today - CnEVPost Consumers will be able to lock in their orders for the NIO ES7 starting at 20:00 Beijing time on August 2, with first deliveries expected to begin on August 28.

Deutsche Bank on China EV sales: July under pressure - CnEVPost Edison Yu's team sees a strong rebound for NIO in the next few months as it works through a casting parts issue.

BYD sells record 162,530 NEVs in July, up 21% from June - CnEVPost BYD sold 162,530 new energy vehicles (NEVs) in July, up 221.89 percent from 50,492 units in the same month last year and up 21.26 percent from 134,036 units in June.

BYD's passenger car business expands to Israel - CnEVPost BYD has appointed Shlomo Motors as its national dealer in Israel, with the first two showrooms set to open in September.

BYD makes its debut on Fortune Global 500 list - CnEVPost BYD ranked No. 436 with $32.8 billion in revenue in 2021, marking its first entry on the list.

BYD ships 1,000 Atto 3 EVs to Australia after pre-sales began in February - CnEVPost The model, known as the Yuan Plus in China, is BYD's first model built for the global market.

XPeng builds largest self-driving computing center in China - CnEVPost The center has a total computing power of 600 PFLOPS, increasing the training speed of XPeng's self-driving core models by 170 times.

XPeng to report Q2 earnings on August 23 - CnEVPost XPeng delivered 34,422 vehicles in the second quarter, above the upper end of its previous guidance range of 31,000 to 34,000 vehicles.

Li Auto to announce Q2 earnings on August 15 - CnEVPost Li Auto delivered 28,687 vehicles in the second quarter, above the upper end of its previous guidance range of 21,000-24,000 vehicles.

Li Auto investigates after Li ONE fire accident - CnEVPost Li Auto has set up an investigation team to confirm whether it was a driver issue or a vehicle problem. local media quoted the company's customer service as saying.

CATL to supply M3P batteries to Tesla in Q4 for Model Y, report says - CnEVPost The Model Y with a 72-kWh battery pack will first use CATL's M3P batteries, which will be available early next year, according to local media.

CATL holds 34.8% of global power battery market share in H1 - CnEVPost LG Energy Solution ranked second with a 14.4 percent share and BYD ranked third with an 11.8 percent share, according to SNE Research.

CATL sees management reshuffle with departure of co-founder - CnEVPost CATL co-founder and vice chairman Huang Shilin resigns for personal career reasons and will explore opportunities in areas including energy storage.

Huawei-backed AITO delivers record 7,228 vehicles in July - CnEVPost The only model currently being delivered by AITO is the AITO M5 SUV with extended-range technology, with a cumulative total of 25,545 units delivered since deliveries began in March.

IM Motors closes Series A financing as cumulative deliveries reach 1,051 - CnEVPost This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44).

Great Wall Motor to bring its Ora-branded EVs to Hong Kong and Macau - CnEVPost Ora's right-hand drive models will be the first to enter the Hong Kong and Macau markets, and will also enter the UK, Australia, South Africa and Malaysia in the future.

Avatr closes Series A financing, NIO's stake diluted to less than 1% - CnEVPost Avatr Technology, previously known as Changan NIO, closed a new round of financing, increasing Changan's stake and decreasing both CATL's and NIO's shareholdings.

Pony.ai sued two former employees and the self-driving truck company they founded, claiming they violated the company's trade secrets.