CnEVPost Newsletter: NIO vehicles have shorter wait times; XPeng reshuffling organization structure

NIO vehicles have shorter wait times in China - CnEVPost — cnevpost.com The latest wait time for the NIO ET7 is 6-8 weeks, a significant reduction from the previous 11-13 weeks, which seems to indicate that the model may have gained improved capacity.

Spy photo shows NIO testing new SUV suspected to be ES5 - CnEVPost A spy shot shows NIO testing what is suspected to be the ES5. In addition, more spy photos of the so-called EC7 reveal new details.

XPeng reshuffling organization structure to stem sales decline, report says - CnEVPost XPeng CEO He Xiaopeng hopes the move will lead to an overall improvement of the previously overly centralized management, reduce communication costs and understand real user needs.

XPeng opens City NGP to all eligible P5 vehicles in Guangzhou - CnEVPost City NGP is only available to users in Guangzhou for now, and XPeng says it will work to make the feature available in more cities as soon as possible.

XPeng adds Svolt Energy as its new battery supplier - CnEVPost The cell module supplied by Svolt Energy for the 550 km range version of the XPeng P5 has officially rolled off the production line.

BYD-Benz JV Denza sees 1st production unit of D9 MPV roll off line - CnEVPost Denza management had previously expected 10,000 units of the model to be delivered in December, although the current delivery schedule has been delayed from the previous one.

BYD launches Yuan Plus EV in Colombia - CnEVPost BYD has been selling its new energy passenger vehicles in partnership with local dealers since 2020 and has delivered nearly 3,000 units in the country to date.

CATL posts Q3 net profit of $1.3 billion, up 188% year-on-year - CnEVPost CATL reported a gross margin of 19.27 percent in the third quarter, which was significantly better than the 14.38 percent reported in the first quarter, although lower than the 21.85 percent in the second quarter.

Great Wall Motor to set up chip-making unit - CnEVPost Great Wall Motor will set up a chip company with its chairman that may involve chip development in the areas of IGBTs, autonomous driving and smart cockpit.

Polestar enters into strategic partnership with Industrial Bank in China - CnEVPost The two will cooperate globally in credit financing, retail lending, and international business.

GAC Aion closes Series A funding round, valued at over $14 billion - CnEVPost GAC Aion has brought in 53 strategic investors, paving the way for a possible IPO next year.

Eve Energy unveils 560-Ah high-capacity energy storage battery - CnEVPost The battery allows for a 50 percent reduction in the number of cells and a 47 percent reduction in the number of Pack parts, resulting in a 30 percent increase in productivity, according to Eve Energy.