China says to expand auto consumption in newly released guideline
The guideline mentions that China will improve the conditions for car use, strengthen the construction of parking lots, charging piles, and other facilities, and encourage charging pile operating companies to reduce charging service fees.
CATL regains global No. 1 position in installed power battery volume in first 11 months of 2020
LG Chem's installed capacity was 26.4 GWh, up 1.4 times year-on-year, ranking second in the world. Panasonic's installed capacity was 22.3GWh, down 8.5% year-on-year, ranking third.
Hozon Auto delivers 3,015 vehicles in December, up 42% from November
For the full year 2020, the company has delivered 15,091 vehicles, up 51 percent year-on-year.
CICC says Li Auto sales expected to reach 80,000 units by 2021, as its products reach more customers
CICC maintains its price target on Li Auto at $40, which represents a 39% upside to the current stock price.
Is this what Nio's first sedan will look like?
Nio announced on January 4 that its first flagship sedan will be launched on Nio Day, which will be held on January 9. Up to now, Nio has done a good job of secrecy, so much so that no accurate leaked images have been released yet.
CICC raises Nio price target to $60, says Model Y price cut will have limited impact
CICC maintained its Outperform rating on Nio and raised its price target by 15% to $60, corresponding to a 23% upside.
China's NEV market is so hot that a machinery giant wants a piece
XCMG Group said it signed a contract with Tsinghan Holding Group for a new energy industry base project with a total investment of about RMB 5.5 billion yuan ($850 million).
China adds 68,000 new NEV-related firms in 2020, up 85% from 2019
As of today, there are more than 200,000 new energy vehicle-related enterprises in China whose status is active and in existence.
WM Motor sales reach 8,609 units in Q4, a single-quarter high
For 2020, WM Motor's full-year sales reached 22,495 units, up 33.3 percent year-on-year.
Nio, Xpeng are the most financed companies in China's NEV industry in past decade
A recent report showed that Nio and Xpeng are tied for first place with 13 financing events each in China's new energy vehicle industry over the past decade, out of a total of 897 financing events.