CnEVPost Newsletter: NIO wins Red Dot award for ET7; XPeng establishes new firm

NIO wins Red Dot award for ET7, a sedan that analysts say has no rival in terms of specs - CnEVPost — cnevpost.com In a report earlier this month, CICC said the NIO ET7 will still be the most advanced model in the global automotive market in terms of smart hardware configuration when it is delivered.

NIO starts offering hundreds of jobs to college students who will graduate next year - CnEVPost NIO said Monday that hiring for the class of 2022 is officially underway and will offer more than 300 positions in areas including autonomous driving, digital technology, vehicle development, smart hardware, design, and quality management.

XPeng establishes new company, 13th this year - CnEVPost These moves come as the company increases its presence in China. This year alone, XPeng has set up 13 new companies in China, mostly car sales companies.

NIO, XPeng get financial incentives from Shenzhen - CnEVPost The Commerce Bureau of Shenzhen Municipality on Monday released the rewards for the city's "trade-in" car purchase program (second batch), arranging funds

Tesla ruled to compensate owner for sales fraud in China - CnEVPost Tesla was previously sued by an owner for alleged sales fraud, and now the final verdict shows that Tesla is required to return the purchase price of the car to the owner for RMB 778,200 ($120,304) and pay the same amount of compensation.

BYD to reveal more information about EA1 model on Tuesday - CnEVPost BYD said it will officially announce the name on Tuesday, and more information can probably be expected.

GAC Aion S PLUS to be available for sale from June 23 - CnEVPost The GAC Aion S PLUS will go on sale on June 23, and it can be seen as an upgraded version of the Aion S. The car has a new design with a wind resistance

Charging service app Yunkuaichong closes Series B funding round, investors include CATL - CnEVPost (Source: Yunkuaichong) Yunkuaichong, a new energy vehicle charging service app, on June 21 completed its Series B round of funding from CATL, Empower

Local Chinese firms can meet less than 5% of auto chip demand - CnEVPost With the rapid development of smart cars in China, the dependence of chip supply on overseas markets has become a focus of attention.