CnEVPost Newsletter: NIO takes stake in Australian lithium firm; Li Auto lowers outlook for Q3 deliveries
NIO takes stake in Australian lithium firm Greenwing, sending latter's share price soaring over 60% - CnEVPost — cnevpost.com NIO, through its wholly owned subsidiary Blue Northstar Limited, has agreed to pay A$12 million to Greenwing in a strategic financing deal.
NIO forms strategic partnership with local architecture service provider - CnEVPost L&A Design said it will be responsible for the design and on-site management services for NIO's electric vehicle industrial parks in multiple regions.
XPeng gains over 8% in Hong Kong after CEO adds 2.2 million ADSs - CnEVPost XPeng chairman and CEO He Xiaopeng spent about $30 million to buy additional ADSs of the EV maker.
Li Auto lowers outlook for Q3 deliveries on supply chain constraints - CnEVPost Li Auto expects to deliver about 25,500 vehicles in the third quarter, meaning September deliveries will be around 10,507 vehicles.
Li Auto's Li L7 Pro expected to be priced at $49,000, leaked spec sheet shows - CnEVPost The Li L7 Pro will feature a dual-motor, four-wheel drive system with 330 kW of peak power that can accelerate from 0 to 100 km/h in 5.5 seconds.
Xiaomi-backed startup unveils sports car priced under $42,000 - CnEVPost The sports car, called SC01, will be available for official orders starting in the third quarter of 2023, with deliveries beginning in the fourth quarter of next year.
Ford ramps up efforts in China's EV market with new operating entity - CnEVPost The Ford Mustang Mach-E has sold 2,098 units in China so far since deliveries began in the country late last year.
China extends NEV purchase tax exemption until end of 2023 in official announcement - CnEVPost Three Chinese government departments announced in a joint statement that NEVs purchased between January 1, 2023 and December 31, 2023 will be exempt from purchase taxes.