CnEVPost Newsletter: NIO sub-brand; Tesla China price cut

NIO said to release new model of its sub-brand as soon as first half of next year - CnEVPost — cnevpost.com Vehicle development for the NIO sub-brand is already underway in Hefei, with NIO product planning director Yu Bin already involved in the sub-brand business and several headhunters beginning to recruit for the brand, the report said.

NIO to report Q2 results on Aug 11 US time - CnEVPost NIO announced Friday that it will release its unaudited financial results for the second quarter of 2021 after the close of the US markets on August 11 (August 12 Beijing Time).

NIO, Li Auto named to Top 20 list of Chinese carmakers - CnEVPost BYD was ranked No. 9, NIO No. 15, and Li Auto No. 19. XPeng Motors did not make the list.

Driver of NIO EC6 dies in serious collision - CnEVPost An EC6 in Shanghai's Pudong New Area was badly damaged after hitting a barrier stone pier at high speed just after 5 a.m. on July 30, resulting in the tragic death of the user, NIO said.

2022 might be winning year for XPeng – and the stock is finally fairly priced now - CnEVPost This article presents a forecast of XPeng's EV sales in 2022 and evaluates its stock by analyzing each model of XPeng and using the valuation multiples.

Tesla cuts Model 3 standard range price in China by about $2,323 - CnEVPost Effective immediately, the starting price of the Model 3 Standard Range version in China after subsidies has been reduced by 15,000 yuan ($2,323) to 235,900 yuan, Tesla announced Friday.

China-made Model 3 price cut will accelerate its disruption of fuel cars, says expert - CnEVPost This means the acceleration of the replacement of new energy star models to the broader fuel car market, accelerating the world's transition to new energy vehicles.

Owners complain about unusual noise from new Li ONE when driving at high speed - CnEVPost Several Weibo users have reported that their Li ONE vehicles are making unusual noises while driving at high speeds, suspected to be from the generator.

NIO's OEM JAC denies reports that it may produce EVs for Xiaomi - CnEVPost How smartphone giant Xiaomi will produce its cars has been the focus of attention recently. JAC Motors, NIO's OEM, has denied reports that it could potentially be OEM for Xiaomi's car business.

Jidu Auto reportedly could be among first users of CATL's sodium-ion batteries - CnEVPost Baidu's car-making arm Jidu Auto could be one of the first users of Chinese power battery giant CATL's just-released sodium-ion batteries, with both sides aiming to complete the industrial upgrade by 2023, Tmtpost reported Friday.

Horizon Robotics launches Journey 5 chip with 128 TOPS of AI computing power - CnEVPost If car companies use multiple chips to build autonomous driving domain controllers, they can reach a maximum of 1,024 TOPS, which can support L4 autonomous driving, the company said.

Who are the battery suppliers of the major Chinese new car makers? - CnEVPost In terms of low-cost lithium iron phosphate batteries, Gotion Hi-Tech is likely to be chosen by NIO, a study said.

2022 Porsche Taycan launched in China, priced from about $138,000 - CnEVPost The base model is priced at RMB 888,000, the 4S version at RMB 1,158,000, the Turbo version at RMB 1,508,000 and the Turbo S version at RMB 1,808,000.

Electric scooter maker Yadea joins forces with partners including Alipay to promote battery swap-enabled models - CnEVPost Unlike the passenger car segment, the battery swap model is seeing more players in the electric scooter segment.

Former head of Great Wall Motor's premium EV brand reportedly leaves to start new venture - CnEVPost Li Peng, formerly head of Great Wall Motor's premium EV brand Salon, left earlier this year to found U Power, a smart electric vehicle brand, caijing.com.cn reported Wednesday.

China begins construction of national self-driving test center - CnEVPost Companies participating in the test center groundbreaking ceremony include NIO, Li Auto, Changan Automobile, SAIC-GM, BYD, Great Wall Motor, Geely, GAC, and Huawei.

One of China's highest-level meetings calls for support to speed up development of NEVs - CnEVPost The Political Bureau of the Communist Party of China Central Committee said at a meeting on Friday that the country should tap the potential of the domestic market and support the accelerated development of new energy vehicles, according to Xinhua.

China's new power pricing mechanism expected to give energy storage industry boost - CnEVPost "The economic modeling of investments in energy storage projects is expected to be validated, and demand for customer-side energy storage is expected to grow at a high rate."