Nio

Chinese EV maker Nio today announced the availability of its 20kW home charging pile, which is comparable to a small "fast charger" that can greatly reduce cars owners' charging time at home.

Chinese EV maker Xpeng Motors went public on August 27 on the New York Stock Exchange (NYSE), with an offering price of $15. It went up 41% on the first day of trading to reach a market capitalization of approximately $14.96 billion.

Chinese EV maker Nio announced Thursday to additionally offer 75 million American depositary shares (ADS), each representing one Class A ordinary share.

LI Auto and Nio also experienced significant share price gains on Wednesday as Wall Street continues to upgrade their ratings.

Nio recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the company's gross margin, thus injecting new momentum into its car sales and performance improvement.

The ADR shares of Chinese electric car company Nio soared to an all-time high on Tuesday as more and more skeptics turned into its believers.

UBS raised its rating for Chinese EV maker Nio from "sell" to "neutral", bumping its price target from $1.00 to $16.30 which represents a jump of 1,530%.

On August 20, Nio officially launched its Battery as a Service (BaaS), which provides a new way to purchase a vehicle with a separate body and battery, allowing users to purchase a Nio without purchasing a battery pack.

The recent launch of Nio's BaaS (Battery as a Service) battery rental service in China has raised a lot of eyebrows. In an article published on Monday, Tesla China made a veiled dig at the model as being inferior to its unibody model.

The recent launch of Nio's BaaS (Battery as a Service) battery rental service in China has generated high interest in China's auto and technology circles. In analysts' view, this indicates the coming wave of battery swap model for electric cars.