CnEVPost Newsletter: NIO said to launch third brand; delivers 10,052 vehicles in July

NIO plans to launch third brand, price could be as low as $14,820, report says - CnEVPost — cnevpost.com The price range of NIO's third brand is mainly in the range of RMB 100,000 ($14,820) - 200,000 yuan, according to local media.

NIO delivers 10,052 vehicles in July, down 22% from June - CnEVPost Production of the ET7 and EC6 was limited by the availability of cast parts in July, NIO said, adding that it expects to ramp up production in the third quarter.

NIO to launch very special model next year, CEO hints - CnEVPost The NIO brand will not launch a model less expensive than the ET5 or a two-door sports car, but it will launch a model 'with character' next year, according to William Li.

First NIO battery swap station jointly built with Shell goes into operation - CnEVPost NIO and Shell plan to jointly build 100 battery swap stations in China by 2025 and to operate pilot stations in Europe starting in 2022.

First NIO phone could be launched in a year - CnEVPost NIO's phone will be the best phone to match its vehicles and will be the most beautiful phone, Li said.

NIO's power network covers all provincial regions in Chinese mainland - CnEVPost NIO's power network covers all provincial administrative regions in the Chinese mainland, providing holistic power solutions to users, it said.

EV stocks stage strong rally in Hong Kong, NIO up 11% - CnEVPost At press time, NIO is up 11 percent in Hong Kong, XPeng is up about 7 percent and Li Auto is up about 6 percent.

XPeng delivers 11,524 vehicles in July, down about 25% from June - CnEVPost July is a slow month for China's auto market, and a preliminary CPCA forecast shows that China's July auto sales will be about 15 percent lower than in June.

Li Auto delivers 10,422 vehicles in July, down 20% from June - CnEVPost Li Auto delivered 10,422 vehicles in July, up 21.34 percent from 8,589 in the same month last year, but down 19.98 percent from June's 13,024 volume.

BYD announces entry into German and Swedish markets, first vehicles to be delivered in Q4 - CnEVPost In October, a number of pioneering stores in Sweden and Germany will be opened, with the first vehicles expected to be delivered in the fourth quarter.

Zeekr delivers 5,022 units in July, up about 17% from June - CnEVPost In July, the Zeekr 001 again received more than 10,000 orders with non-refundable deposits, with the average order amount exceeding RMB 335,000 (US$49,680).

Neta officially launches flagship sedan Neta S with starting price around $29,610 - CnEVPost The Neta S is Neta's first model to target the premium market and will compete with models including XPeng Motors' P7 and BYD's Han.

Neta delivers 14,037 vehicles in July, including 1,382 for export - CnEVPost This is the first time Neta has released vehicle export figures. It did not provide more details, but the destination of the exported vehicles appears to be Thailand.

Chongqing Sokon officially renamed as Seres Group, reports 13,291 NEV sales in July - CnEVPost This is up 316.78 percent from 3,189 units in the same month last year and up 7.03 percent from June.

Leapmotor delivers record 12,044 vehicles in July, up 7% from June - CnEVPost This is the third consecutive month of record deliveries for Leapmotor, bringing the cumulative number of deliveries so far this year to 64,038.

Leapmotor raises prices of T03 for second time this year - CnEVPost Leapmotor T03's price has been raised by RMB 5,600 to RMB 6,600 due to higher raw material prices.

Smart raises price of Smart #1 before it's even delivered in China - CnEVPost The price of the Smart #1 will be raised by RMB 5,800 ($860) for its highest-priced version before deliveries in China begin in September.

Jidu said to be seeking $400 million in financing at valuation of about $3.5 billion - CnEVPost The financing would be the latest round for Jidu since late January and could mark the introduction of additional backers besides Baidu and Geely, a Bloomberg report said.