CnEVPost Newsletter: NIO sprints back into growth mode; BYD surges 10%
NIO sprints back into growth mode - and there is no regulatory risk thus far - CnEVPost — cnevpost.com Suffering from the chip shortage, NIO is currently fairly priced. And is well set to gain more in the following quarters.
NIO ET7 road test camouflage images revealed - CnEVPost A Weibo blogger with more than 3 million followers posted two camouflage images of the ET7 on Wednesday, saying they were taken during a road test of the car.
NIO's July deliveries were surpassed by local counterparts, does it matter? - CnEVPost "The future is here because the minds of users are being changed, and even traditional car companies selling 200,000 a month can't ignore that."
NIO opens its 345th battery swap station in flood-hit Zhengzhou - CnEVPost As of August 4, NIO has 345 battery swap stations, 234 supercharging stations, 424 destination charging stations, and access to over 390,000 third-party charging posts in China.
XPeng brings more life-like AI voice to P7 via OTA - CnEVPost XPeng Motors began rolling out an OTA update to the P7 on Tuesday that adds a new AI voice for the intelligent voice assistant "Little P" to make it sound more like a real person.
Tesla raises prices for Model S and Model X Long Range in China and US - CnEVPost After it raised the prices of the Model S Long Range and Model X Long Range in China and the United States last month, Tesla has raised their prices again.
Tesla opens Supercharger route in northwest China - CnEVPost Tesla announced Wednesday the opening of a Supercharger route in northwest China connecting several well-known destinations.
BYD surges 10%, breaks through RMB 300 for first time - CnEVPost
BYD's stock traded in Shenzhen surpassed RMB 300 ($46.3) for the first time, rising by the daily cap of 10 percent as of the close of China's A-share market on Wednesday, with a market capitalization of more than RMB 8800 billion.
Analysts say automaker valuations have broken through old framework and expected to keep going higher - CnEVPost
With a large number of Chinese car companies' stock prices moving higher, the traditional valuation framework has become difficult to justify. In the analysts' view, the past framework may already need to be updated.
Dongfeng Motor's premium EV brand Voyah says its first model received 3,689 orders in 43 days on sale - CnEVPost Voyah is on track to become the fastest EV brand to reach 10,000 sales, the company said.
Jidu execs visit CATL, sparking speculation of partnership - CnEVPost A team of executives from Baidu's car-making business Jidu Auto visited power battery giant CATL on Tuesday to discuss a partnership that goes beyond the power battery business, Pingwest reported Tuesday.
Chery sold 7,255 NEVs in July, up 107% year-over-year - CnEVPost From January to July, Chery sold a total of 47,656 new energy vehicles, up 212.5 percent year-over-year.
China's Ministry of Commerce suggests local NEV firms to increase exports to Russia - CnEVPost China's Ministry of Commerce has recommended that local new energy vehicle (NEV) companies increase their exports, marketing and promotion to Russia to expand their market share in a report released on Aug. 3.
China's July auto sales estimate at 1.82 million units, down 9.7% from June - CnEVPost China's July auto sales are estimated at 1.82 million units, down 9.7 percent from June and 13.8 percent from a year ago, data released Wednesday by the China Association of Automobile Manufacturers showed.
S&P expects China's new energy vehicle sales to continue to rise - CnEVPost In the next year or two, China's new energy vehicle market will likely remain dominated by local brands, considering that nine of the top 10 electric vehicle companies are currently local companies, the report said.
China's first superconducting cable completed in Shenzhen - CnEVPost China's first 10-kilovolt, 400-meter triple-phase co-axial high-temperature AC superconducting cable was laid in Shenzhen, southern China, on July 28, SZnews.com reported on Wednesday.