CnEVPost Newsletter: XPeng, Tesla, Chery's price hikes; BYD's new product launch

XPeng rumored to hike prices of all models next week - CnEVPost — cnevpost.com XPeng's entire model lineup will see price hikes starting March 21, with the P7 going up by RMB 20,000 ($3,152) and the P5 and G3i both going up by RMB 10,000, local media said.

XPeng reportedly to cancel free charging benefits at end of this month - CnEVPost XPeng scaled back its 3,000 kWh per year free charging entitlements to 1,000 kWh on August 1 of last year, and now they're getting scrapped altogether.

XPeng pushes latest OTA update for P5 vehicles, bringing first LiDAR-based feature - CnEVPost XPeng has started to push the latest version of Xmart OS 3.1.0 to all P5 vehicles, bringing VPA-L, the first LiDAR-enabled feature that allows memory parking across floors.

XPeng backs VC firm Rockets Capital's inaugural USD fund - CnEVPost XPeng is a strategic cornerstone funder as Rockets Capital closes its first round of funding for its inaugural US dollar fund, raising more than $200 million.

Tesla raises price of entry-level Model Y in China - CnEVPost The entry-level Model Y, which was left out of the price hike two days ago, is now seeing a price increase as well.

Guest Post: NIO's biggest benefits - Not a single serious premium luxury Chinese challenger in sight - CnEVPost NIO has close to zero competition in the annual 2 million vehicle premium luxury segment of China that will S-curve rapidly transition into EVs.

BYD Destroyer 05 officially launched, prices start at about $18,880 - CnEVPost The plug-in hybrid Destroyer 05 is the first sedan in BYD's Ocean series, with a subsidized price range of RMB 119,800 ($18,880) - RMB 155,800.

EV stocks extend gains in Hong Kong, with NIO, XPeng, Li Auto all opening up over 10% - CnEVPost The Chinese government's expression of support for capital markets on Wednesday continued to give a boost to heavily sold Chinese assets.

Tesla says temporary shutdown of Shanghai plant is to meet Covid control requirements - CnEVPost Two-day Giga Shanghai shutdown means about 4,000 units of production lost.

Chery raises prices of its budget EV models by up to $1,120 - CnEVPost The price range for these budget models is RMB 29,900 - RMB 81,900, and the increase is close to 10 percent for several models.

Battery maker Sunwoda plans to build new 20 GWh production facility - CnEVPost This comes less than 20 days after Sunwoda made an announcement revealing its last 30 GWh battery project.

US, China securities regulators hold talks on audit issues, report says - CnEVPost The two sides plan to further strengthen communication and reach arrangements as soon as possible within a framework that is consistent with their respective laws.