Xpeng plans to issue 48 million additional ADSs, up from 40 million previously planned
Xpeng priced its follow-on offering of the ADS at $45 each, representing a 7.6% discount to its last closing price of $48.69.
Tesla's Shanghai Gigafactory may soon begin production of Performance Model 3
Tesla has registered the Performance Model 3 to China's Ministry of Industry and Information Technology (MIIT), as well as the Zero-G wheels and new headlights for the electric car.
JP Morgan raises price target on Tesla from $80 to $90, but that's still 86% below current level
JP Morgan recommends investors not weight Tesla shares in their portfolio in equal proportion to the S&P because Tesla shares are "by virtually every conventional metric not only overvalued, but ramatically so."
Chinese regulator interviews 25 companies, including BYD, Geely, to strengthen quality of new energy vehicles
Nine models were found to have problems with battery capacity, discharge capacity after cyclic discharge, discharge protection value, and luggage compartment volume, which did not meet national standards.
Chinese company unveils concept electric motorcycle that can accelerate to 50 km/h in 2.9 seconds
It has an energy density of up to 285wh and an NEDC range of more than 130km.
Baidu unveils automated driving assistance solution ANP, similar to Nio NOP
Unlike industry solutions that only support high speed and urban ring roads, ANP can also be used on urban roads.
China's top real estate developer aims to produce 5 million cars a year by 2035
Evergrande NewEnergy is developing 14 models, and has set up 10 intelligent manufacturing bases around the world.
Will Nio follow Tesla, Xpeng, Li Auto in issuing additional shares?
William Li Bin, the founder of Nio, said the company has no plans to raise additional funding in the short term to support Nio's growth.
Tesla to sell up to $5 billion in additional shares, stock down over 2% pre-market
Tesla plans to issue additional shares and expects to receive up to $5 billion in capital. Tesla fell from up to down 2.55 percent in pre-market trading hours on the news.
Analysts comment on China's new-energy vehicle sales in November: Growth has been like fire
Sales of Xpeng, Li Auto, BYD Han, and Great Wall Motor's Ora EV increased 39%, 26%, 34%, and 43%, respectively, compared with October, and Nio's performance in November was relatively stable.