CnEVPost Newsletter: NIO sub-brand; Model Y with LFP batteries

NIO's potential sub-brand said to target $31,300 market - CnEVPost — cnevpost.com NIO is assembling a team internally to secretly create a new lower-end sub-brand that will target a market priced around RMB 200,000 yuan ($31,300).

NIO completes key procedure for ES8's entry into Europe - CnEVPost NIO announced Friday that it has received European Whole Vehicle Type Approval (EWVTA) for the ES8, marking an essential foundation for NIO's entry into Norway and the European market at large.

Tesla may launch China-made Model Y with LFP batteries in July - CnEVPost The China-made Model Y is currently powered by ternary lithium batteries supplied by LG. Lower-cost LFP batteries would mean a lower price for the model in China.

Tesla raises starting price of Model S Plaid in China by about $9,395 - CnEVPost Tesla on Friday raised the starting price of the Tesla Model S Plaid in China by RMB 60,000 ($9,395) to RMB 1,059,990. The model was previously priced at RMB 999,990.

Huawei aims to make passenger cars truly driverless by 2025 - CnEVPost "We have a goal in developing autonomous driving systems to truly make passenger cars driverless. Only driverless is a disruptive technology."

Huawei HarmonyOS expected to reshape in-car OS landscape, analysts say - CnEVPost HarmonyOS makes up for the shortcomings of the current in-car operating systems and is expected to reshape the in-car OS landscape, CITIC Securities said.

China NEV sales reached 217,000 units in May, up 159.7% from a year ago - CnEVPost All vehicle sales in China were 2.128 million units in May, down 3.1 percent from the previous month.

China's LFP battery installations jumped about 460% in May from a year earlier - CnEVPost Lithium iron phosphate batteries were installed at 4.5GWh, with a market share of 46 percent, up 458.6 percent year-on-year and 40.9 percent from April.