Phate Zhang

SAIC Audi's Q5 e-tron has a pricing range that overlaps significantly with the Nio ES6, but the specs look lower.

Tiger Global increased its stake in Xpeng by 120.33 percent and in Li Auto by 167.35 percent in the first quarter. The fund does not own any shares of Nio.

Giga Shanghai is still in single-shift production, and capacity has been significantly reduced compared to the original three-shift operation.

At the end of the fourth quarter last year, it held 350,000 shares of Nio worth $11,088,000 and 666,500 shares of Xpeng worth $33,545,000.

Denza announced a few hours after the launch that the D9 MPV received more than 3,000 orders within 30 minutes of the start of pre-sales.

This is the third consecutive day of gains for Nio in Hong Kong, with cumulative advances of about 17 percent since last Friday.

BofA raised its price target on Nio from $25 to $26, believing negative factors seen are priced in.

The Hengchi 5 will initially be sold in small numbers to individual customers and will be used mainly in the ride-hailing market, local media reports said.

Xpeng is trying to add new appeal to the G3i to gain more popularity with younger customers.

BYD will unveil its CTB (cell to body) battery technology on May 20, and the Seal is expected to be the first model to use the technology.