Analysts say China's NEV industry at the start of golden decade, but give Nio, Xpeng, Li Auto 'sell' ratings
Capital market enthusiasm has driven the industry to over-valuation, the analysts say.
GAC's graphene battery, with charging speed comparable to refueling, to be tested at year-end
It can achieve a charging speed comparable to refueling, with an 8-minute 80% charge and a 10-minute charge to achieve a range of 200-300 kilometers.
Daiwa Capital gives Nio 'Buy' rating and $59 price target
Nio has risen more than 1,000 percent this year, but Daiwa Capital thinks the stock has not yet peaked, giving it a "buy" rating and a $59 price target in a recent report.
China's new energy vehicle sales expected to grow 40% to 1.8 million units next year
The subsidy policy for new energy vehicles in China will be completely withdrawn in 2-3 years.
Model 3 is the most recommended NEV in China in its price range, survey shows
The survey selected four new energy vehicles in the same price range with high consumer interest, including the Model 3, BYD Han, Xpeng P7, and WM Motor EX5.
Nio founder and Tencent's shareholding both drop to 11% after issuing additional ADSs
Prior to the issuance, William Li, the founder of Nio, held 11.5% of the shares and had 41.3% of the voting rights.
Xpeng to announce first Lidar supplier on December 22
Xpeng founder He Xiaopeng will unveil the world's first Lidar-equipped production vehicle in 2021 at the Guangzhou Auto Show on November 20.
Owner complains about BYD Han EV's two-thirds shrinkage in winter range
Mr. Li complained that his long-range Han EV could only actually travel up to 230 kilometers on a full charge. By comparison, BYD officially claims a range of 605 kilometers.
Wuhan Weineng, Nio's battery asset management joint venture, receives capital increase
Four months after its establishment, Wuhan Weineng, Nio's battery asset management joint venture has received its first capital increase.
Analyst says Tesla's annual deliveries may exceed target, shares could go as high as $1,000
With strong demand from the Chinese market, Tesla is not ruled out from exceeding its annual delivery target, which would support its share price to as high as $1,000, according to Wedbush Securities.