Nio opens its 345th battery swap station in flood-hit Zhengzhou
As of August 4, Nio has 345 battery swap stations, 234 supercharging stations, 424 destination charging stations, and access to over 390,000 third-party charging posts in China.
Dongfeng Motor's premium EV brand Voyah says its first model received 3,689 orders in 43 days on sale
Voyah is on track to become the fastest EV brand to reach 10,000 sales, the company said.
Chery sold 7,255 NEVs in July, up 107% year-over-year
From January to July, Chery sold a total of 47,656 new energy vehicles, up 212.5 percent year-over-year.
Analysts say automaker valuations have broken through old framework and expected to keep going higher
China's new energy vehicle stocks surged on Wednesday, with an ETF tracking the sector up more than 5 percent at press time and BYD up nearly 8 percent to top RMB 300 for the first time.
Analysts say BYD's market cap on track to reach RMB 1 trillion
Analysts at Huachuang Securities see BYD's market capitalization heading toward RMB 1 trillion ($155 billion), citing strong fundamentals including its auto business as well as its battery business.
China's official securities paper focuses on overcapacity of new car makers
Nio, Li Auto, and Xpeng have gone public and entered a positive cycle; however, many other new automakers have fallen into production suspensions, unpaid salaries, and bankruptcies, the report said.
Shanghai contributed 34% of China's EV exports in H1
Shanghai exported 60,000 EVs in the first half of the year, an increase of 752.9 percent year-over-year, accounting for 34.3 percent of China's total, according to Shanghai Customs.
Deutsche Bank raises price target on Li Auto by $5 to $32
Deutsche Bank's Edison Yu's team raised their price target on Li Auto by $5 to $32 with a Hold rating in a research note sent to investors on Monday.
Chinese EV battery maker CALB starts construction of new $1.55 billion project
The project, located in central China's Hubei province, is a 20 GWh capacity production site with an investment of RMB 5 billion in the first phase.
Analysts raise Nio price target ahead of July delivery data release
CMB International raised its price target for Nio by 13.6 percent to $52.6 per ADS, maintaining a buy rating. Nio closed up 4.83 percent to $44.68 on Friday and the price target implies an upside of about 18 percent.