Phate Zhang

Volvo Cars announced yesterday that it will invest $1.1 billion in upgrades to its plant in Sweden, a key one of which is the introduction of a large casting process.

Barclays gives Nio a price target of $34, Xpeng $45 and Li Auto $38.

Given the accelerating penetration of EVs and the lack of high-quality listed EV names, there is large appetite for EV exposure in the mainland, said Edison Yu.

With the inclusion in the list, investors in the Chinese mainland will be able to trade Xpeng's stock more easily.

CarWith allows users to connect their phone's system to their cars so they can use the phone's navigation, music, and calling functions on the car's center console.

The number has surpassed its US counterparts, with Alphabet's Waymo's Robotaxi fleet of about 800 vehicles.

Xpeng users drove 870,000 kilometers on the highway using NGP, according to the company.

During the holiday, the percentage of miles driven by Li Auto users using the navigation-assisted driving system was about 3.6 percent of the total, lower than Nio Pilot's 13 percent.

Although the rumor did not spread widely, CATL shares traded in Shenzhen plunged 6.66 percent at the close of trading.

With China now having three times as many NEVs as charging facilities, the difficulty of charging was once again highlighted during the holiday season.