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Cumulative deliveries of the discontinued Li One exceed 210,000 units and cumulative deliveries of the Li L9 have exceeded 100,000 units. https://img.cnevpost.com/2023/09/25212935/2023092513293579.mp3 (Image credit: Li Auto) Li Auto (NASDAQ: LI) saw its 500,000th production vehicle roll off the production line, marking a milestone in its history. Li Auto’s 500,000th production vehicle, a Li L7, rolled off the assembly line at the company’s plant in Changzhou, Jiangsu province on September 25, it announced today. Since the first Li One rolled off the assembly line in November 2019, Li Auto has taken 47 months to achieve 500,000 mass-produced vehicles off the assembly…
EVs produce no “tailpipe” emissions, but the environmental impact of battery production has car shoppers concerned about EVs’ overall carbon footprint, according to a new Ipsos survey. Of the consumers surveyed, 73% said they were concerned about how EV battery production might affect the planet. Further, 74% said they were concerned about the impact of the disposal or recycling of EV batteries at the end of their useful lives powering cars. Respondents also wanted assurance that automakers were doing everything possible to address climate change. A majority (70%) said automakers must do more beyond building EVs, and 60% said they…
The Aito M9 is available in EREV and BEV versions, both with an expected starting price range of 500,000 to 600,000 Chinese yuan. https://img.cnevpost.com/2023/09/25183716/2023092510371683.mp3 (Image credit: Huawei) Aito, the new energy vehicle (NEV) brand backed by Chinese tech giant Huawei, has begun pre-sales for its flagship SUV, the Aito M9, with the official launch set for the end of the year. Those interested can now pay 5,000 Chinese yuan ($680) to pre-order the Aito M9 for a limited-time pre-order entitlement, a page for the model on Huawei’s online store shows. The vehicle is available in an extended-range electric vehicle (EREV)…
Update: Added the full text of Nio’s statement. Nio released a statement formally responding to the report, saying it has no reportable capital-raising activity at this time other than the convertible note offering that closed today. https://img.cnevpost.com/2023/09/25211550/2023092513155023.mp3 (Image credit: CnEVPost) Nio (NYSE: NIO) denied plans for new fundraising after a report sparked widespread discussion. “The information is false,” a spokesperson for the electric vehicle (EV) maker said in a brief response sent to CnEVPost, without providing further details. Nio later released a statement formally responding to the report, saying it has no reportable capital-raising activity at this time other than…
Ubitricity, a charging network operator owned by oil giant Shell, is expanding the rollout of lamppost EV chargers in the U.K. The company recently announced that it had been appointed by the governments of the Richmond and Wandsworth borough of greater London to install 1,050 public EV chargers, evenly divided between the boroughs. These 5-kw chargers will be installed directly on street lampposts. Ubitricity electric-car charging cord The lamppost chargers, which take about two hours to install, according to Ubitricity, will be located in both residential and commercial areas, providing curbside charging in places that lack the room for conventional…
Update: Nio says the report of its $3 billion funding plan is false. Check here. Nio is considering raising about $3 billion and has approached investors from the Middle East, according to Bloomberg. https://img.cnevpost.com/2023/09/25192842/2023092511284240.mp3 (Image credit: CnEVPost) Just as Nio (NYSE: NIO) has completed the issuance of $1 billion in convertible senior notes, a report about its new funding plan has reignited investor concerns about its financial situation. Nio is considering raising about $3 billion and has approached investors from the Middle East, a Bloomberg report said today, citing people familiar with the matter. The fundraising could take place as…
Shortly after the notes were priced, Nio purchased about $256 million aggregate principal amount of convertible senior notes due 2026 and about $244 million of convertible senior notes due 2027. https://img.cnevpost.com/2023/09/25175556/2023092509555640.mp3 (Image credit: CnEVPost) Nio (NYSE: NIO) completed a $1 billion offering of convertible notes, which the Chinese electric vehicle (EV) maker announced earlier this month. Nio today announced the closing of an offering of $500 million aggregate principal amount of convertible senior notes due 2029 and $500 million convertible senior notes due 2030, according to a statement. The notes were sold to persons reasonably believed to be qualified institutional…
Nio will waive service fees for car owners using its swap stations along highways during the upcoming National Day holiday, rather than waiving both service and electricity fees as it had previously done. https://img.cnevpost.com/2023/09/25155348/2023092507534793.mp3 (Image credit: CnEVPost) Nio (NYSE: NIO) will continue to encourage car owners to use its battery swap stations along highways during China’s upcoming long holiday season, though the benefits offered will be scaled back as the company appears to be placing more emphasis on saving money. During the upcoming Mid-Autumn Festival and National Day holidays in China, Nio’s battery swap stations along highways will waive service…
Tesla, the maker of the so-called S3XY lineup of electric cars, has released an update video showing what its humanoid bot called Optimus can do, including adapting to changing environment conditions. Titled “Tesla Bot Update | Sort & Stretch,” the new production (embedded above) shows how far development on the two-legged robot has advanced since its announcement in 2021 when a literal human dressed in a costume went on stage and did an awkward dance that was put to rest by Elon Musk saying, “Alright, thank you!” Now, Optimus can self-calibrate its arms and legs using only vision and joint…
The Xpeng P5 was the world’s first production car to feature LiDAR when it went on sale on September 15, 2021, and now it’s eliminating the component. https://img.cnevpost.com/2023/09/25135724/2023092505572497.mp3 (Image credit: CnEVPost) Xpeng (NYSE: XPEV) is continuing to remake models from its past, launching a facelift of the P5 sedan with radical changes, after launching a facelift of its flagship SUV, the G9, just last week. The Chinese electric vehicle (EV) maker announced today the launch of the 2024 Xpeng P5, which was not previously teased. Its other sedan is the flagship P7, whose facelifted P7i was launched in March this…