CnEVPost Newsletter: NIO suspends production for 5 working days

NIO suspends production for 5 working days due to semiconductor shortage - CnEVPost — cnevpost.com NIO expects to deliver approximately 19,500 vehicles in the first quarter of 2021, down from the previously released outlook of 20,000 to 20,500 vehicles.

Xiaomi reportedly in talks with Great Wall to use its factory to build electric cars - CnEVPost The report said Xiaomi's electric car would target the mass market, in line with the company's overall positioning for electronics.

Xiaomi exec dismisses report that it's teaming up with Great Wall to build cars as fake news - CnEVPost Earlier today, it was reported that Xiaomi was in talks with Great Wall Motor to use its factory to build electric cars. In response, a Xiaomi executive dismissed it as fake news.

'Xiaomi Motors' trademark registered by another firm even before Xiaomi decides to build cars - CnEVPost Xiaomi has yet to officially announce its intention to start building cars, the trademark for "Xiaomi Motors" has been registered by another company.

Chinese consumers' willingness to buy local-brand cars rises, report says - CnEVPost The proportion of potential consumers who tend to buy new energy vehicles rose from 3% in 2018 to 16% this year, the report showed.

Faraday Future announces nearly $100 million in debt financing - CnEVPost US-based electric car company Faraday Future (FF) announced Friday that it has raised nearly $100 million in debt financing led by Ares with participation from existing lenders including Birch Lake.