Phate Zhang
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Tesla responds to Model Y price cut in China for first time
Tesla says its move regarding the Model Y in China is not a price cut, but the first sale of the China-made version, according to Beijing News.
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Volkswagen's first all-electric SUV available for pre-order in China, with prices starting at about $30,854
FAW-Volkswagen announced on January 19 that it has opened pre-orders for its first all-electric SUV, the ID.4 CROZZ, and announced a starting price of RMB 199,900 ($30,854) after subsidies.
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Jefferies initiates coverage on Nio with Hold rating and $60 price target
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.
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Tencent becomes latest tech giant to set foot in auto industry
After Baidu announced it would form a new energy vehicle company, Chinese social media giant Tencent is also getting involved in the field.
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Nio announces closing of convertible notes offering, raising amount to $1.5 billion
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.
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WM Motor founder says Baidu's entry into car-making industry a good thing
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.
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WM Motor announces mass production of driverless-capable W6 model, battery swap technology to be deployed this year
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.
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Analyst expects Li Auto to be included in MSCI indices
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.
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Audi, FAW set up new energy joint venture, first model to go into production in 2024
The new PPE joint venture is expected to be established in the first quarter of 2021 after approval by all shareholders and Chinese regulators.
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Nio has most patents among US-listed Chinese EV trio
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.









