Today is Friday, March 6, 2020.

Affected by the cancellation of the Geneva Motor Show, Toyota postponed the release of its small crossover SUV.

GM will invest US$20 billion by 2025 to accelerate electrification and autonomous driving and launch 11 pure electric vehicles.

With a range of about 500 kilometers, Cadillac launched its first pure electric SUV on April 2.

NIO announced that it has received another US$235 million in convertible bond financing.

Red Dot New Energy EV Morning News, meet daily new energy sources.

1. Affected by the cancellation of the Geneva Motor Show? Toyota postponed the release of a small crossover SUV. According to foreign media reports, affected by the cancellation of the Geneva Motor Show, Toyota decided to withdraw from releasing a new crossover SUV model that had been exposed previously.

Previously, test spy photos revealed Toyota's new small crossover SUV that was originally planned to be released at the Geneva Motor Show.

According to insiders, the automaker decided to delay the launch of this model by weeks or months due to the cancellation of the Geneva Motor Show on March 3.

Sources told overseas media that the appearance of this car will be very attractive.

Toyota's new small crossover SUV won't go on sale until March 2021, giving Toyota plenty of time to reschedule the launch.

Production of the vehicle will take place at Toyota's plant in Valenciennes, France.

In previous Toyota trailers, we can confirm that this model will combine the advantages of an SUV and a small car.

It will be built on the TNGA-B platform and equipped with a hybrid powertrain and four-wheel drive.

In the test spy photos that have been exposed, this SUV is very avant-garde despite its small size.

The front is flat and equipped with large lights.

The hood and roofline have smooth lines, the vehicle's C-pillar is tilted backwards, the wheels are larger and there are rough-looking fender trims.

2. General Motors will invest US$20 billion by 2025 to accelerate electrification and autonomous driving? Launch 11 pure electric vehicles. Recently, General Motors held an "Electric Vehicle Day" (EV Day) event to re-elaborate the core of the company's electrification strategy, including

Electric vehicles, modular drive systems and the third-generation global electric vehicle platform equipped with Ultium's proprietary batteries.

General Motors will invest more than $20 billion by 2025 to develop the next generation of pure electric vehicles and autonomous vehicles.

The investment figure, which has never been disclosed before, was part of a detailed presentation by GM executives to reporters and investors to show that the automaker can transition from a world of internal combustion engines to a world of battery power and quickly market new vehicle technologies.

Get a firm foothold.

The investment also marks GM's toughest effort yet to convince skeptics, especially Wall Street, that the more than 110-year-old automaker can compete with Tesla as the industry shifts toward electrification.

Start competing.

GM declined to say how much of the $20 billion would be earmarked for battery-electric vehicles, but said the funding included capital and engineering investments.

General Motors President Mark Reuss said, "This (electrification) is a huge opportunity for us. There is no doubt that this is the largest opportunity our company has ever seen. We need to focus on

"It's going to change the company and the way people think about it forever," said General Motors Chairman and CEO Mary Barra.

"There's more to do." "I believe this is a historic moment for General Motors. We've changed the world before and we'll do it again because we're actively exploring every aspect of the electric vehicle ecosystem.

We need millions of electric vehicles on the road to make a meaningful impact towards a zero-emission world."

3. Range of about 500 kilometers? Cadillac launched its first pure electric SUV on April 2. Recently, Red Dot New Energy got news from Cadillac. On April 2, the first Cadillac pure electric SUV will officially meet with us.

The new model will be named Lyriq and is expected to be officially launched on the market as early as 2022.

Judging from the trailer images currently exposed, as Cadillac's first pure electric model, the Lyriq should be positioned as a mid-sized SUV, with a shape close to a fastback design, so the overall style is more towards a crossover.

According to previous news, Lyriq will be built on the universal BEV platform.

In addition, the BEV platform will serve the entire GM group and is expected to include 7-seat SUVs and large vans.

Cadillac officials have previously stated that Cadillac's electric vehicles must have a cruising range of 300 miles (approximately 480 kilometers) to be competitive, and ultimately hope to reach the goal of 400 miles (approximately 640 kilometers).

Also, he wants charging times to be measured in minutes, not hours.

NIO announced that it has obtained another US$235 million in convertible bond financing. Yesterday evening, NIO issued an announcement on its investor relations website, announcing that it had once again completed a US$235 million convertible bond financing project.

It is understood that the investors this time are several Asian investment funds, and they are all "unrelated parties", that is, pure financial investors.