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CnEVPost Newsletter: NIO's sub-brand capacity, Audi lawsuit, and more
NIO's mass-market brand has a planned annual capacity of 500,000 units, CEO says - CnEVPost — cnevpost.com NIO's mass-market sub-brands will be priced in the RMB 200,000 range, and they will compete with Tesla's Model 3 and Model Y, but at a 10 percent discount, Li said.
NIO reportedly sued by Audi in Germany over ES6 and ES8 names - CnEVPost Audi claims that the NIO ES6 and ES8 naming infringes on the trademark rights of two of its models, the S6 and S8.
NIO ES7 pre-order details: Price, delivery date and benefits - CnEVPost Deliveries of the NIO ES7 are expected to begin on August 28, with show cars and test cars expected to start arriving at NIO stores in late July.
NIO rises 6.6% in Hong Kong after ES7 launch and refresh of existing models - CnEVPost Deutsche Bank analyst Edison Yu's team believes NIO's deliveries are expected to move higher, shifting the narrative from supply constraints to a strong product super cycle.
Denza D9 MPV reaches over 20,000 pre-orders, deliveries to begin in late August, exec says - CnEVPost Denza plans to start showcasing the D9 MPV and opening it for test drives in some core cities in China in June-July, and will officially launch the model in July.
CATL to unveil CTP 3.0 Kirin battery soon, chief scientist says - CnEVPost The Kirin battery's innovative design prevents thermal runaway of the pack and holds 13 percent more power than the 4680 battery, according to CATL's Wu Kai.
CATL has set price for its share offering at RMB 410, report says - CnEVPost The pricing represents a 12 percent discount to CATL's closing price in Shenzhen on Wednesday and a premium of about 21 percent to the offering's floor price of RMB 339.67.
Defunct Rise Education reborn as EV charging company - CnEVPost Former education company backed by Bain Capital rises from the ashes through a reverse merger with the electric vehicle charging business of NewLink, another Bain-backed Chinese company.