Phate Zhang

BofA said Li Auto's sales are expected to grow at a CAGR of 48 percent from 2020-2025, driven by rising EV penetration, strong market demand, and rapid expansion of sales channels.

Nio is doing discussions about various possibilities, but there will be no mass production in the short term.

Previously there were rumors that China-made Model Y orders have reached 100,000. Tesla said on January 5 that the data was unreliable and that no Model Y orders had been tallied.

In the eyes of Tesla CEO Elon Musk, their biggest competitor could come from the fast-growing Chinese market.

Industry expert says that the capital market has become more and more cautious about investing in new car companies in recent years and that it is still difficult to get recognition from the capital market without good sales performance despite the backing of well-known shareholders.

Assuming gross margin remains above 25%, the price is expected to drop 23% to around RMB 260,000, they say.

Nio has contracted a production line of lithium iron phosphate batteries from CATL, and the new cells are being tested and prepared.

Some media reports suggest that the LiDAR used on Nio's sedan will be provided by Huawei. But we are skeptical of this speculation.

Bitauto, which is associated with the above company, was founded in 2000 and was delisted from the New York Stock Exchange and is the largest automotive Internet company in China.

After the completion of the capital increase, GAC Group and its wholly-owned subsidiary GAC Aion hold a total of 25% equity in GAC Nio.