Phate Zhang

Chinese electric car company Xpeng Motors (NYSE: XPEV) announced Friday that it has surpassed 50,000 cumulative deliveries.

The permanent magnet synchronous motor model TZ210XY584 has a peak power of 230kW, which is close to the highest level of the MIIT new energy model recommendation catalog.

By Thursday's close, Nio's $46.03 stock price had essentially regained the $46.11 level it opened at on March 2, forming a perfect V-shape.

The analyst said Nio "is a leader and innovator in the premium automotive EV segment; it is domiciled in China, the largest and most prolific EV market globally."

Even though the potential partnership between Nio and fossil fuel energy giant Sinopec has yet to be announced, leading Chinese securities media are already envisioning the prospect of Nio vehicles being able to change batteries at gas stations.

Deutsche Bank analysts reduced their price target on Xpeng Motors by $7 to $48, mostly to account for downward re-rating in the peer group.

Li Auto, taking a page from Tesla, is giving its chairman and CEO Li Xiang options to purchase 108,557,400 Class B ordinary shares based on his performances.

They each aim to sell at least 5% of their enlarged share capital in Hong Kong. Based on their New York market capitalization on Monday, proceeds could total around $5 billion.

January-February is traditionally a slow period for the Chinese auto industry.

"Don't be surprised to see Nio at Sinopec's gas stations in the future, the partnership between the two is approaching!" Shanghai Securities News said in a report today.