Phate Zhang
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Deutsche Bank lowers price target on Li Auto to $28 ahead of Q1 results
Edison Yu's team lowered their price target on Li Auto by $6 to $28, based on 3.0x 2023E EV/Sales, down from 3.5x previously.
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EV stocks fall in Hong Kong as broader market moves lower
At press time, Nio was down 3.4 percent, Xpeng was down 3.45 percent and Li Auto was down 4.96 percent.
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NeoPark construction continues as China celebrates Labor Day holiday
More than 600 workers gave up their Labor Day holiday leave to continue working on the NeoPark Phase I (North) project.
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CATL remains world's largest EV battery maker with 35% share in Q1
CATL shipped 33.3 GWh in the first quarter, with a 35 percent share, up from 34.4 percent at the end of February.
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Nio owner helps promote ET7 in Wuhan, central China with her own resources for free
An Nio ES6 owner has offered her media resources to help get the ET7 sedan on a giant screen in a central business district in Wuhan.
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Deutsche Bank on China EV deliveries: April weak as expected due to Covid, expect May recovery
Edison Yu's team expects some spillover in May related to suppliers slowly returning to production, with June likely to be the first normal month.
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Nio rumored to be planning several new models, including one codenamed Aries
The Aries could be an ES8 model based on Nio's NT 2.0 platform. Nio is also planning several other models, including the EC7 and a hatchback version of the ET5, according to an auto blogger.
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More spy photos of Nio ES7 revealed ahead of planned unveiling in late May
Nio will unveil the ES7 at the end of May and start delivering the SUV in the third quarter to compete with the BMW X5L.
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GAC Aion sells 10,212 units in April, down 50% from March
That's because the Covid outbreak had an impact on the supply chain and production in April, it said.
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Leapmotor delivers 9,087 vehicles in April, down 10% from March
Leapmotor filed the first version of its prospectus with the Hong Kong Stock Exchange on March 17, hoping to list there.
