Phate Zhang

Jefferies called Nio "China's icon for luxury BEVs," saying investors' expectations are high given the company's new model and better introduction during Nio Day earlier this month.

After Baidu announced it would form a new energy vehicle company, Chinese social media giant Tencent is also getting involved in the field.

The amount was raised because of the exercise in full by the initial purchasers in their option to purchase up to an additional $100 million in the 2026 notes and $100 million in the 2027 notes.

He said that Baidu is WM Motor's largest external shareholder and that the latest W6's autonomous driving technology was jointly developed by the two companies, using Baidu Apollo's cloud-based computing power.

Chinese electric vehicle startup WM Motor announced today that it has launched the mass production of its driverless-capable W6 model, jointly developed with Baidu. Deliveries of the vehicle will begin in the first half of 2021.

MSCI is scheduled to announce the results of the February 2021 Quarterly Index Review on February 9 with the changes implemented after the close of trading on February 26.

The new PPE joint venture is expected to be established in the first quarter of 2021 after approval by all shareholders and Chinese regulators.

BYD is the Chinese new energy vehicle company with the most valid patents, and Nio is the most of the three US-listed Chinese EV makers - Nio, Li Auto and Xpeng Motors, according to a recent report.

Tesla said on Weibo on Monday that the first China-made Model Y deliveries began today in cities including Shanghai, Hangzhou, Nanjing, Suzhou, Wuhan, Hefei, Wenzhou, Wuxi, Changzhou, and Ningbo.

Xpeng says users are welcome to use this unified standard to compare their peers' automated driving capabilities to their own.