CnEVPost Newsletter: NIO to build battery lab and cell pilot production line in Shanghai

NIO plans to build $32.8 million lithium-ion battery lab and cell pilot production line in Shanghai - CnEVPost — cnevpost.com NIO plans to build 31 R&D labs for lithium-ion cell and battery pack R&D, and will build one lithium-ion cell pilot production line and one battery pack production line.

NIO ES7 unveiling may be further delayed to June - CnEVPost NIO president said the ES7 launch will be held after the lockdown in Shanghai is lifted.

Deutsche Bank's first look at XPeng's Q1 earnings - CnEVPost XPeng delivered mixed underlying first-quarter results with guidance reflecting lingering challenges from the Covid lockdowns.

Li Auto joins non-profit organization for sustainable leather sourcing - CnEVPost Li Auto will build on the LWG platform to develop more environmentally friendly products, the company said.

World to see no new ICE vehicle sales by 2035 at latest, says CATL exec - CnEVPost "The trend is already happening," said Ni Jun, CATL's chief manufacturing officer.

New battery built by Chinese team claims to be able to work in temperatures down to -70°C - CnEVPost The battery has 13 percent to 25 percent higher energy density than conventional lithium-ion batteries, and can be fully charged in 20 minutes.

EVs in China cost only 10% more than conventional offerings, IEA says - CnEVPost By comparison, in other major markets, the median price of EVs is 45 percent to 50 percent higher than conventional products.

China's passenger car retail sales expected to fall 19% year-on-year in May, CPCA says - CnEVPost Although some companies in Shanghai and surrounding cities are starting to resume production, it will be difficult to return to normal levels by the end of May, the CPCA said.