CnEVPost Newsletter: NIO to buy back more NIO China equity from strategic investors
NIO to buy back more NIO China equity from strategic investors - CnEVPost — cnevpost.com NIO, which has become more financially solid, continues to buy back stakes in NIO China, and its stake will rise to 92.114 percent after the latest move.
NIO says ET7 achieves drag coefficient of 0.208, same as Tesla Model S Plaid - CnEVPost NIO's ET7 has a drag coefficient of 0.208, the same as that of the Model S Plaid, which Tesla calls is the "lowest-drag car on Earth."
NIO ES8 becomes designated vehicle for 2nd China-Africa trade expo - CnEVPost As the only local Chinese brand with a firm foothold in the premium market, it is no surprise that NIO has been chosen as the official car for the high-end event.
NIO's color of the year, Arctic Green, finally available on ES8 - CnEVPost NIO announced its color of the year, Arctic Green, at the Shanghai Auto Show in late April and said that it will be available for the ET7, EC6 and ES6, with the ES8 being excluded.
XPeng-backed HT Aero unveils its vision of flying car for urban scenarios - CnEVPost HT Aero's video shows its vision for the X2's autonomous flight path planning, takeoff and landing, and demonstrates the technology including charging, flight control and autonomous driving.
Tesla says reports of its Aug insurance registrations in China untrue - CnEVPost Tesla's wholesale sales in China reached a record 44,264 units in August, according to the CPCA. However, according to the CATARC, Tesla registered just 2,802 insurance units.
Huawei confirms US clearance for some low-end auto chip supplies - CnEVPost Huawei's rotating chairman Eric Xu said that the supply of low-end automotive chips to the company has received licenses from the US.
While phone makers covet auto market, Geely rumored to have opposite plan - CnEVPost Geely is reportedly planning to enter phone making sector and has already started a talent hunt, with offices to be set up in Wuhan, Shanghai, and even overseas.
Jidu Auto, Baidu's car-making arm, has started developing smart driving features based on simulation prototype - CnEVPost Jidu is front-loading the development of smart cockpit features, smart driving to improve R&D efficiency, and has been working with Baidu's Apollo team on these features.
Maker of Mini EV to unveil even smaller model called Nano EV on Sept 29 - CnEVPost The Mini EV is small enough, but it still has a four-seat layout. Now its maker is releasing an even smaller model with only two seats.
Geely plans to release new energy concept truck with self-driving support this year - CnEVPost Geely's concept heavy truck will support a variety of new energy sources, including pure electric, hybrid with extended range technology, and methanol.