CnEVPost Newsletter: Xinhua highlights NIO's production resumption; CSRC official on audit issues

Chinese state media Xinhua highlights NIO's production resumption - CnEVPost — cnevpost.com NIO is actively integrating its upstream supply chain and production is gradually resuming at JAC-NIO's Hefei advanced manufacturing base, Xinhua's report said.

CSRC official says uncertainty over audit issues for Chinese firms will soon be removed - CnEVPost China will allow the PCAOB to conduct its review legally and reasonably, and this uncertainty is believed to be removed soon, said Fang Xinghai, vice chairman of the CSRC.

XPeng announces reservation prices for P5 in European markets - CnEVPost XPeng has opened a direct experience store in Denmark, its third in Europe after Stockholm, Sweden and The Hague, Netherlands.

BYD to equip some 2023 models with self-driving chips from local startup Horizon Robotics - CnEVPost BYD models equipped with Horizon Robotics' latest Journey 5 chip will be available as early as mid-2023.

CATL's net profit grows 185% to about $2.47 billion in 2021 - CnEVPost Sales of power battery systems are the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year.

CATL's Shanghai plant has resumed production - CnEVPost CATL, a battery supplier to Tesla, has a battery module assembly plant located a few blocks from Giga Shanghai.

CATL acquires lithium prospecting rights in east China's Jiangxi province - CnEVPost A subsidiary of CATL has acquired the prospecting rights to the lithium mine, which is expected to hold 2.66 million tons of lithium metal oxide, for RMB 865 million.

Tesla posts Q1 revenue that beats expectations despite supply chain challenges - CnEVPost Tesla expects production at its Shanghai plant in the second quarter to be roughly on par with the first quarter, but to grow rapidly in the third and fourth quarters.

GAC Aion builds first swap station, officially becoming another new player in this field - CnEVPost GAC Aion says its battery swap station can replace vehicle batteries in as little as 2.5 minutes.