CnEVPost Newsletter: NIO signs new deal; XPeng P5 self-driving test
NIO signs strategic co-op deal with Shanghai's largest industrial park developer - CnEVPost — cnevpost.com After Tesla built a factory in Shanghai, NIO's relationship with the city, where it has its global headquarters, seemed to drift apart. But the latest move may signal that the company is upping its bets here.
NIO puts seven new battery swap stations into operation, bringing total to 360 - CnEVPost NIO's seven new battery swap stations went into operation on August 10, bringing the total to 360. One is located in Xingtai, Hebei Province, and six are in Shanghai.
China's new energy passenger car penetration rate on track to reach 13% this year, expert says - CnEVPost Cui made the call based on the rapid growth of China's new energy vehicle industry this year, saying he believes the CPCA's June forecast for new energy passenger vehicle sales to reach 2.51 million units this year was conservative and will be revised upward in the future.
Analysts expect software to bring sustained revenue for XPeng - CnEVPost Realization of the XPILOT software will be a sustained source of revenue and profit for XPeng Motors in addition to vehicle sales, Northeast Securities said in a report released Tuesday.
Video shows XPeng testing P5's self-driving capabilities on city roads - CnEVPost The P5 is capable of automatically changing lanes, recognizing traffic lights, and making automatic left turns at unprotected intersections, as shown in the 30-second video.
XPeng's request to freeze supplier's $6.1 million property upheld by court - CnEVPost XPeng Motors' application to freeze the assets of a supplier, Beijing Linkdata Technologies, for RMB 39.54 million ($6.1 million) has been upheld by the court, according to data provider Tianyancha.
Tesla delivered 8,621 locally made vehicles in China in July, down 69% from June - CnEVPost Tesla delivered 8,621 locally made vehicles in China in July, down 69 percent from June, according to data released Tuesday by the China Passenger Car Association (CPCA).
Firm questioned by stock exchange after saying it has supplied to NIO, XPeng, Li Auto, BYD - CnEVPost Nanjing Julong replied to investors on August 9, saying that the company had been certified as a supplier by new energy vehicle makers including BYD, Geely, NIO, XPeng, Li Auto and Evergrande Auto. Its shares stored since then.
Huawei discloses new self-driving car-related patent - CnEVPost Huawei recently disclosed a new automotive-related patent that, if applied, would make self-driving vehicles even smarter.
Evergrande Auto expects H1 loss of about $740 million - CnEVPost This is mainly due to the fact that its new energy vehicle business is still in the investment stage, with the purchase of fixed assets and equipment, R&D-related costs and interest expenses.
Analysts say certainty of recovery in China's auto industry grows - CnEVPost China's auto sector continues to receive positive support and the certainty of recovery is increasing, Guotai Junan Securities said.
Guangdong aims to exceed $170 billion in auto manufacturing revenue by 2025 - CnEVPost Guangdong Province wants its auto manufacturing revenue to exceed RMB 1.1 trillion ($170 billion) by 2025, and to build an auto cluster with international influence by then.
China's retail sales of new energy passenger vehicles were 222,000 units in July, up 169% from a year earlier - CnEVPost Retail sales of new energy vehicles from January to July reached 1.229 million units, up 210.2 percent year-over-year.
China's NEV exports show explosive growth in July, the CPCA says - CnEVPost Tesla China exported 24,347 units in July, SAIC's new energy vehicle exports were 4,407 units, BYD exported 781 units and Chery Auto exported 120 units, the CPCA said.