CnEVPost Newsletter: NIO's swap stations reach 300; XPeng HK offering 5.3 times oversubscribed
NIO reaches 300 battery swap stations in China as half of 2021 passes - CnEVPost — cnevpost.com NIO announced that 11 new battery swap stations went into operation in China today, the most in a single day.
NIO plant reportedly adds over 110 robots for ET7 production - CnEVPost As part of preparations for the ET7's production, NIO has added more than 110 robots to its first factory, bringing the total number of robots at the plant to more than 800.
XPeng sets price for international and HK offerings at HK$165, 4.1% discount to its US stock - CnEVPost XPeng Motor set the final offering price for both its international offering and its Hong Kong public offering at HK$165 per Class A common share, the Chinese electric vehicle company said Wednesday.
XPeng's public offering in Hong Kong 5.3 times oversubscribed - CnEVPost XPeng Motors has been more than 5 times oversubscribed after launching its Hong Kong public offering for subscriptions on Friday.
XPeng debuts full exterior of G3i SUV, hints at multiple color options - CnEVPost XPeng hinted that the model will be available in more colors, similar to what many Chinese smartphone manufacturers are doing now, and is expected to win over more young consumers.
BYD Semiconductor applies for A-share listing in China - CnEVPost BYD announced on June 30 that its application to spin off its subsidiary BYD Semiconductor to list on the ChiNext, a NASDAQ-style subsidiary of the Shenzhen Stock Exchange, has been received by the Shenzhen Stock Exchange.
Chairman of China's largest automaker expects chip shortage to ease in July - CnEVPost Chip shortage is a key factor limiting the capacity of global car companies, but the situation is not far from improving.
Evergrande Auto unveils automated parking system - CnEVPost Automated parking, an important feature of smart cars, is important to every electric vehicle (EV) company. The EV company owned by China's largest real estate developer Evergrande Group has become the latest car company to release such a system.
Chery to release production version of its concept electric SUV in September - CnEVPost The Big Ant X will have a starting price of around RMB 160,000 ($24,750).
Guangdong offers subsidies of up to $1,550 to encourage local residents to buy new cars - CnEVPost In an effort to boost local car consumption southern China's Guangdong province has launched a new incentive.
Huawei's automaker partner Sokon gets more ammunition for product development - CnEVPost Chongqing Sokon, which has seen huge demand for its models following its partnership with Huawei, is now getting more capital to support its further growth.
Chinese charging pile operator Teld secures $44 million investment - CnEVPost Teld was priced at RMB 14.6 yuan per share, valuing the company at approximately RMB 13.6 billion after the investment.
Chinese power battery maker CALB's 50GWh project starts construction - CnEVPost The rapid growth of China's electric vehicle industry has created a huge demand for power batteries, and manufacturers are accelerating their production expansion.
US has fallen behind China, Europe in EV production, report says - CnEVPost Sales of electric vehicles (EV) are rising as public acceptance continues to grow. Yet for US producers, they appear to be slow to act.