CnEVPost Newsletter: NIO's new partnership; XPeng G3 refresh
NIO partners with Beijing real estate developer on battery swap station - CnEVPost — cnevpost.com Beijing Electronic Zone High-Tech Group said Friday it has entered into a partnership with NIO to bring the latter's second-generation battery swap station into its digital new media innovation industrial park in Beijing.
XPeng to release G3i, a facelift of G3 SUV, in July - CnEVPost Chinese electric car company XPeng Motors said Friday that it will launch a facelift of its compact SUV G3, the G3i, in July, with deliveries starting in September.
Tesla Model Y insurance registrations in China up 131% in May from April - CnEVPost Tesla's sales in China plunged in April from March, but the numbers have rebounded sharply in May as production capacity has recovered.
Geely's EV brand Zeekr reportedly plans to deliver 10,000 units of Zeekr 001 within this year - CnEVPost Zeekr plans to deliver 10,000 Zeekr 001 units within the year, with monthly sales expected to exceed 10,000 units next year, according to local media.
Chinese LiDAR startup Zvision secures Intel investment - CnEVPost Zvision is currently valued at around RMB 1 billion ($155 million), Chedongxi.com said, citing sources familiar with the matter.
Chinese city Jinan to reward local NEV firms with 1 million yuan for each new model released - CnEVPost Perhaps seeing the huge success of central China's Hefei city in its investment in NIO, another Chinese city is upping the ante on the new energy vehicle industry.
China's NEV sales expected to grow at annual rate of over 40% in next five years - CnEVPost In the next five to eight years, China will gradually phase out and replace about 200 million vehicles with exhaust emissions that meet only "China IV" standards and below, giving the electric vehicle market huge space.