CnEVPost Newsletter: NIO surges in Hong Kong; China studies 'extraordinary' policies to stabilize manufacturing growth

NIO surges over 11% in Hong Kong, market cap back to HK$300 billion - CnEVPost — cnevpost.com At press time, NIO was up 11.29 percent in Hong Kong, hitting a new high since April 6 and putting its market capitalization back at HK$300 billion.

CICC sees 30% upside for NIO, bullish on growth momentum for NT 2.0 platform models - CnEVPost CICC says NIO is a leader in the premium smart electric vehicle segment, and that its NT 2.0 platform models will bring new growth momentum.

EV-related stocks soar as China studies 'extraordinary' policies to stabilize manufacturing growth - CnEVPost China is set to introduce extraordinary policies to address the risk of a lack of investment momentum in manufacturing downstream companies whose profits are being squeezed.

NIO stores in Shanghai see traffic return to pre-Covid lockdown levels - CnEVPost In addition to NIO, Tesla's stores in Shanghai are also seeing a lot of customers again, with one store selling nearly 50 cars in a single day.

NIO's 2022 ES8, ES6 and EC6 open for order in China, deliveries expected to begin in August - CnEVPost Consumers who take delivery this year will receive a purchase subsidy of at least RMB 11,340.

NIO adds one swap station in Shanghai and one NIO House in Beijing - CnEVPost This is NIO's first new battery swap station in Shanghai since the Covid lockdown was lifted, bringing the total number of the facility to 980.

Tesla asks some Chinese corporate customers to return subsidies because they don't drive enough miles - CnEVPost According to Chinese policy, NEVs sold to corporate customers need to reach 20,000 kilometers of driving range within 2 years or they will not receive the purchase subsidy.

Apple hiring for car software engineer position in China - CnEVPost Apple unveiled its next-generation CarPlay at the WWDC22 earlier this month, sparking widespread discussion in the automotive industry.

CATL expands its battery swap service to Hefei - CnEVPost CATL's battery swap brand EVOGO today put three battery swap stations into operation in Hefei and expects to have 20 such facilities in the city by the end of this year.

CATL equips most of its bases with 5G connectivity, covering over 5 million square meters - CnEVPost CATL has equipped seven of its global production sites with 5G connectivity and aims to extend it to all 10 sites in the future.

IM Motors, backed by SAIC and Alibaba, begins deliveries of its first model - CnEVPost IM Motors L7 is positioned similarly to NIO's ET7 sedan, which began delivery in late March, as a mid-size, all-electric premium sedan.

DeepRoute's self-driving trucks used by local courier firm Deppon in major commercialization milestone - CnEVPost Alibaba-backed DeepRoute will provide self-driving medium-duty trucks to Deppon and they will provide the courier company with a year-long regular freight transit service.