CnEVPost Newsletter: NIO to enter Norway, may launch new battery pack to cut costs

NIO confirms it will enter Norway - CnEVPost — cnevpost.com After months of speculation, Chinese electric car company NIO has finally confirmed its first stop into overseas markets - Norway.

NIO said to launch lithium iron phosphate battery pack to cut costs - CnEVPost — cnevpost.com After Tesla and XPeng Motors, NIO may also start using the lower-cost lithium iron phosphate batteries.

NIO said to have started development of new, lower-priced model - CnEVPost — cnevpost.com NIO has started the development of a new model in Hefei, where its China headquarters is based, positioned below its existing SUVs and sedan, 36kr said Wednesday, citing industry sources.

NIO's first second-gen battery swap station in Hefei, where its China headquarters is located, goes live - CnEVPost — cnevpost.com After the opening of the first second-generation battery swap station in Hefei, NIO is about to have a busy day.

Tesla's Q1 revenue in China jumped 238% year-on-year to $3.04 billion - CnEVPost — cnevpost.com China continues to be Tesla's second-largest market globally, but the gap with the size of the US market narrowed further.

Tesla is starting to take a page from NIO's book on catering to owners - CnEVPost — cnevpost.com Perhaps seeing the huge gap with NIO in user loyalty, Tesla unleashed a signal to rally owners in a late-night Weibo on Monday.

Ford China establishes passenger car and commercial vehicle business units - CnEVPost — cnevpost.com The company also plans to further strengthen its Lincoln brand and fast-track its electric vehicle business.

Smartphone giant OPPO said to be preparing to jump on car-making bandwagon

After Xiaomi, smartphone giant OPPO is also preparing to enter the car-making bandwagon, the latest report shows.

With over 3,000 patents in hand, it wouldn't be surprising if OPPO confirms plans to build cars - CnEVPost — cnevpost.com Earlier today there was report that smartphone giant OPPO is preparing a car-making project. In fact, this does not seem to be a surprise, judging from the patents the company has obtained in the automotive field.

China's biggest cybersecurity company eyeing car-making industry - CnEVPost — cnevpost.com As CnEVPost has mentioned many times before, it seems that in China today, Internet giants are all coveting to build cars.

CATL reports 2020 net profit of $861 million, 50% market share in China - CnEVPost — cnevpost.com CATL's installed capacity of power batteries was 31.9 GWh, accounting for 50% of the Chinese market.

Shanghai auto show concludes with 128 car debuts - CnEVPost — cnevpost.com The show attracted the participation of more than 1,000 well-known global auto exhibitors, displaying 1,310 vehicles.

China auto association launches blockchain platform that makes data tamper-proof - CnEVPost — cnevpost.com The launch of the platform comes at an interesting point: a female owner who complained of brake failure is keeping their dispute going over whether the data provided by Tesla is reliable.

China's auto manufacturing profit up 8.43 times year-on-year in January-March - CnEVPost — cnevpost.com In the January-March period, the operating revenue of China's auto manufacturing industry rose 71.5 percent year-on-year to RMB 2.12 trillion.