CnEVPost Newsletter: NIO taps China's capital market in landmark move

NIO taps China funding channels as its subsidiary issues $161 million in ABS - CnEVPost — cnevpost.com NIO's finance and leasing subsidiary marked the EV maker's debut in the Chinese capital market with a successful RMB 1.03 billion ABS issuance on the Shanghai Stock Exchange.

NIO says October deliveries will be impacted by production line revamp - CnEVPost NIO said the production line has gradually resumed production in the last 10 days of October and will deliver vehicles as soon as possible.

NIO poaches chip expert as senior exec, signaling renewed efforts on its own chip development - CnEVPost The former Xilinx Labs Asia-Pacific director and CTO joined NIO this month as chief expert and assistant vice president.

NIO begins offering 75-kWh packs at battery swap stations - CnEVPost The pack is expected to bring users a longer range while reducing costs, but it will be interesting to see how it performs in winter.

NIO offers support for construction of national park in China - CnEVPost NIO will provide a number of electric vehicles to help the ecological patrol of Sanjiangyuan National Park.

NIO adds 3 swap stations, bringing total to 574 - CnEVPost As of October 29, NIO had 547 battery swap stations and 430 supercharging stations providing 2,528 charging piles.

Tesla reportedly booked batteries from CATL enough to produce nearly 800k vehicles - CnEVPost In terms of battery capacity, Tesla's 2022 sales will be at least 1.5 million units, local media reported.

CICC expects global NEV sales to surpass 10 million units by 2022 - CnEVPost Referring to the S-shaped growth curve, global vehicle electrification has broken through the tipping point and entered a period of steep growth, CICC said.

SAIC reportedly to set up new company to run its R brand - CnEVPost The R brand will focus on the RMB 200,000-400,000 price range, while IM Motors will focus on the RMB 400,000+ market.

Shanghai-based Autoflight completes maiden flight test of manned vehicle V1500M - CnEVPost The V1500M is powered by an all-electric system and has a maximum passenger capacity of 3-4 people and a range of up to 250 km.

China has built world's largest charging network - CnEVPost The rapid development of the Battery swap network is one of the factors behind this, according to the People's Daily.