Phate Zhang

Industrial Securities says Nio is expected to reach new levels of deliveries and profitability is expected to improve significantly as the new vehicle cycle kicks off in 2022.

Nio added 90 battery swap stations in September, exiting the month with 517. As of October 7, the company's battery swap stations reached 523.

Tesla China website has updated the range data of the Model 3 Performance, upgrading it from 605 km to 675 km, but the calculation method has also changed.

Due to increased pressure on chip supply, Li Auto is said to be delivering Li ONEs with two missing radars by December, with additional installations for customers as the part arrives.

"We don't think Faraday Future (FFIE), an EV SPAC, will ever sell a car. "

Goldman upgraded Nio from Neutral to Buy with an unchanged price target of $56, corresponding to a 65 percent upside.

This includes $300 million in Series D1 financing and $200 million in Series D2 financing, which is expected to accelerate the company's overseas IPO.

BYD Han EV sales in September rose 115.1% year-on-year to 7,796 units, while Han DM sales in September rose 23.3% year-on-year to 2,452 units.

The cumulative carbon reduction contributed by Nio users reached 197,225 tons, equivalent to the carbon emissions that 533,333 square meters of forest helped reduce in a year's time.

Among new energy passenger vehicles, BYD sold 36,306 pure electric vehicles in September, up 197 percent from 12,212 units in the same month last year.