CnEVPost Newsletter: NIO's Q2 earnings coming
NIO to report its Q2 earnings this week, what to watch? - CnEVPost — cnevpost.com Edison Yu's team from Deutsche Bank maintained a Buy rating on NIO and a $60 price target. NIO closed down 3.86 percent to $43.84 on Friday.
NIO in-depth analysis: Sales and cash flow expected to see sustained improvement - CnEVPost With the launch of new models, the easing of battery and chip shortages, and the gradual release of factory capacity, NIO's sales and cash flow are expected to continue to improve, and its market capitalization has big growth potential.
NIO starts recruiting internal test participants for its next major software update, presumably NIO OS 3.0 - CnEVPost NIO began recruiting internal test participants for the latest version of its in-car system on Monday, according to the information posted on its app.
NIO adds another battery swap station in flood-hit Zhengzhou - CnEVPost This is NIO's 14th battery swap station in Henan Province, and the second to be put into operation after the province was hit by rare heavy rains and flooding.
NIO launches joint lab with one of China's top universities - CnEVPost USTC's scientific research strength in China is almost comparable to that of Tsinghua University and Peking University. It is located in Hefei, Anhui Province, which is also the headquarters of NIO China and is home to the JAC NIO factory.
NIO's battery swap stations reach 350, half of its renewed goal for the year - CnEVPost NIO originally planned to have 500 battery swap stations by the end of this year, but at the first NIO Power Day event on July 9, it said the goal would be raised to over 700.
Former NIO senior VP starts electric commercial vehicle company - CnEVPost Newrizon's website shows that three of the six core executives are from NIO. Former NIO deputy director of autonomous driving in China, Fu Jingwei, serves as CTO, and former NIO senior director, Fan Jun, serves as chief operating officer.
NIO's OEM JAC sold 12,007 EVs in July, up 189% year-over-year - CnEVPost JAC did not specify, but in line with industry practices, its EV sales figures should include NIO vehicles.
XPeng adds 61 supercharging stations in July, 11 of which at highway service areas - CnEVPost XPeng Motors added 61 supercharging stations in July, 11 of which are in high-speed service areas, bringing the total to 298, the company said on Aug. 9.
XPeng's new SUV spotted at EV maker's headquarters - CnEVPost Although covered with fabric, the pictures show solid-state LiDARs under the headlights, similar to the XPeng P5 that will be delivered soon, according to the Weibo user.
Spy photos of Li Auto's new model X01 revealed - CnEVPost Li Auto will release the X01 in 2022 with an overall upgrade in size compared to the Li ONE.
Tesla Shanghai plant reportedly reaches 450,000 units of annual production capacity - CnEVPost Tesla's Shanghai Gigafactory has reached an annual production capacity of 450,000, Tencent News said Monday, citing media sources invited to a recent tour of the plant, adding that this means Tesla could be one step closer to exceeding its 2020 guidance.
BYD establishes new battery company - CnEVPost This is BYD's latest move to expand its battery production capacity, laying the groundwork for supplying batteries to external customers.
Rumors say BYD will buy SAIC's passenger car business, the latter denies - CnEVPost SAIC was questioned how BYD's market value is close to RMB 1 trillion ($154.38 billion) while SAIC's market value is only RMB 200 billion.
BYD Han sold 8,522 units in July, up 1.6% from June - CnEVPost BYD Han's cumulative sales have reached 101,309 units since its launch in July last year, making it the fastest Chinese brand midsize sedan ever to exceed 100,000 sales, the company said.
BYD Dolphin, first model of e-Platform 3.0, will be up for pre-order on Aug 13 - CnEVPost BYD announced on Monday that its new model Dolphin will be available for pre-order on August 13 at a price of RMB 110,000 ($17,022) - RMB 130,000.
Renault to build hybrid models based on Geely's platform - CnEVPost In China, the two companies will jointly develop Renault-branded hybrid models based on Geely's platform technology.
Hongguang Mini EV sold 30,706 units in July, tops China's NEV market for 11th straight month - CnEVPost SAIC-GM-Wuling Hongguang Mini EV sold 30,706 units in July, ranking first in China's new energy vehicle market for the 11th consecutive month since its launch, the company said Monday.
Guangdong's Foshan City to provide subsidies of up to about $3,085 to consumers who purchase NEVs - CnEVPost More and more local governments in China are introducing measures to accelerate the acceptance of new energy vehicles.
More Chinese fund managers buying stocks in NEV industry - CnEVPost To industry insiders, CATL becoming a top 10 long position in these funds is iconic, signaling that traditional value stock investors are starting to make a presence in the new energy sector, Shanghai Securities News reported.
Official media calls for caution against duplication of hydrogen energy projects - CnEVPost The number of fuel cell-related capacity planned in China far exceeds market capacity, increasing the risk of overcapacity, said an article published by the official media Economic Daily on Aug. 8.
China's auto market demand to be released gradually as chip problem eases, industry association says - CnEVPost With the chip problem eased and manufacturers' production capacity gradually restored, the previously suppressed market demand will gradually be released, and auto sales are expected to increase in August, the China Automobile Dealers Association (CADA) said.
Hainan to launch pilot projects to speed up construction of battery swap stations - CnEVPost The pilot industry focus is on cabs, ride-hailing services, buses, passenger shuttles, and medium and heavy commercial vehicles.
China's hydrogen production increased by 25% year-over-year in H1 - CnEVPost The cost and selling price of hydrogen energy has dropped by about 50 percent in the last four years, and production and sales of hydrogen-fueled vehicles have skyrocketed, CCTV reported on Friday.