CnEVPost Newsletter: SAIC to follow NIO in launching 'battery bank'

SAIC to follow NIO in launching 'battery bank' - CnEVPost — cnevpost.com SAIC will soon launch a "battery bank" to support the body-battery separation model, with a unified battery pack to be introduced by the end of this year or early next year.

Tesla reportedly suspends expansion of Shanghai plant - CnEVPost The project covers an area of 461,100 square meters and is owned by the Shanghai Lingang District Management Committee. The site's auction failed several months ago when there was only one bidder, the report said.

China's largest cybersecurity firm explains its choice of car-making partner: We have no choice because NIO, XPeng, Li Auto are already public - CnEVPost Those with successful financing, mass production and deliveries, and annual sales of over 10,000 are a rarity, with only NIO, XPeng Motors, Li Auto, Leap Motor, Neta, and WM Motor.

BYD to spin off semiconductor business for A-share listing - CnEVPost BYD Semiconductor was established in October 2004, and BYD directly holds 72.3 percent of the shares, making it the controlling shareholder of the company.

China's state media says smart EV industry seeing explosive growth - CnEVPost The People's Daily said that at this year's Shanghai auto show, for the first time, smart electric cars are no longer just a concept, but perceptible mass-produced products.

China drafts rules to strengthen regulation of vehicle data collection - CnEVPost As China's smart car industry grows rapidly, regulation is actively following it up.

China auto association expects chip shortage may last until January next year - CnEVPost The CAAM said that the tight supply of components, including chips, will continue to affect the production pace of car companies, which are expected to be affected more in the second quarter than in the first quarter.

China's April power battery installations at 8.4 GWh, down 7% from March - CnEVPost CATL remained in the first place, with an installed base of 3.82 GWh in April and a market share of 45.5 percent. Notably, this is the first time CATL's market share has fallen below 50 percent this year.