JP Morgan raises Nio price target to $46 from $41
Four weeks ago, JP Morgan sharply raised Nio price target from $14 to $40, representing a 85% upside potential at that time.
BYD reportedly considering buying bus manufacturing plant in South Korea
BYD is considering buying a bus manufacturing plant in South Korea and the company has recently conducted due diligence on Zyle Daewoo Bus Commercial Vehicle's commercial vehicle plant in Ulsan, the Seoul Economic Daily reported.
Nio's 159th battery swap station begins operation
Nio today announced the opening of its 159th battery swap station in China in Yueqing, Zhejiang Province.
Tesla's October sales in China surpassed 10,000 units again, as wholesale sales of NEVs in the country rose 119.8% year-on-year
Retail sales in China's passenger car market reached 1.992 million units in October, up 8.0% year-on-year, achieving a nearly two-year high growth rate of 8% for four consecutive months, data released today by the China Passenger Car Association (CPCA) showed.
What does Nio do with FOTA?
With the increasing digitization of vehicles, the trend of "software-defined vehicle" has become unstoppable. Under the impact of the rapid iteration of new technologies, FOTA has become the focus of car manufacturers.
Tesla Shanghai plant reportedly plans to produce 550,000 cars next year
Tesla Shanghai Gigafactory plans to produce about 550,000 vehicles in 2021, including 300,000 Model 3s and 250,000 Model Ys, 36kr.com quoted a source as saying.
Beijing has issued plates to 14 firms including Nio for self-driving road tests
Beijing has issued temporary number plates to 87 vehicles from 14 companies, including Nio, BAIC New Energy, Baidu, and Daimler, for self-driving road tests, according to Xinhua.
Nio business model goals are met with release of world's second 100kWh battery pack
Following the BaaS (Battery as a Service) announcement on August 20, Chinese electric vehicle (EV) maker Nio (NYSE: NIO) announced the 100kWh battery pack on November 6, making it the second car company in the world, after Tesla, to release a 100kWh battery pack.
Nio shorts lost at least $2.66 billion this year
Short sellers in Chinese electric vehicle (EV) maker Nio (NYSE: NIO) lost $155 million on November 3, bringing their cumulative losses this year to $2.66 billion, according to data from financial analytics firm S3 Partners.
Geely becomes first Chinese brand to sell more than 10 million vehicles in total
Geely Group recently announced that the company became the first Chinese brand to achieve 10 million passenger car sales after first entering the auto industry in 1997.