CnEVPost Newsletter: Xiaomi confirms launch of electric car business

Xiaomi confirms launch of electric car business, to invest $10 billion over next decade - CnEVPost — cnevpost.com The company's initial investment will be 10 billion yuan ($1.5 billion), with an expected investment of $10 billion over the next 10 years.

Xiaomi poaching talent for EV unit, once contacted a former NIO exec - CnEVPost A previously departed NIO executive said he was approached by the Xiaomi team after the Chinese Lunar New Year this year to talk about building cars and asked for recommendations.

What is NOMI? Here's everything you need to know - CnEVPost For NIO owners, the NOMI robot located in the center front of their vehicle is undoubtedly one of their favorite decorations.

Tesla's second-gen Wall Connector reduced by about $305 in China - CnEVPost Tesla recently reduced the price of its second-generation Wall Connector in China by RMB 2,000 ($305) to RMB 6,000.

Tesla's Grace Tao says most vehicles don't catch fire for no reason - CnEVPost Tesla's chances of spontaneous combustion are not very high among all cars, Tao said, adding that fuel cars actually have spontaneous combustion accidents every day, but people may not care much about it.

WM Motor's first 100 W6 models begin shipping from factory to dealer network - CnEVPost The first batch of WM W6 will be shipped as show cars to stores in cities including Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Wuhan, Chongqing, Hangzhou, and Chengdu. Customers will be able to experience the model's smart technology in-store.

Geely, Baidu-backed firm to launch 7nm auto chips next year - CnEVPost Siengine Technology, a joint venture between ECARX and ARM China, will start supplying new chip products by the end of next year or early 2023, with TSMC in charge of chip manufacturing.

Chinese energy official says EVs could become energy storage for power system - CnEVPost An electric car may become an energy storage device for the power system, and if thousands of electric cars are used in this way, then it will be very beneficial to the power system, he said.

Chip shortage has led to 1.157 million vehicle production cuts worldwide - CnEVPost The global auto production cut is expected to be more than 2 million vehicles in 2021.