Goldman Sachs gives Li Auto's H-shares initial rating of "Buy" with target price of HK$240
This represents a 103 percent upside compared to Li Auto's offering price of HK$118.
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China steps up regulation of smart car industry
As the smart car industry grows rapidly, China is also accelerating its regulatory policies.
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Carmakers, including Geely and WM Motor, call for regulating flow of used EV batteries
Car companies including Geely, WM Motor, Hozon Auto and Leap Motor have joined with battery companies to issue a statement calling for regulating the flow of used electric vehicle
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China's LFP battery installation exceeds ternary battery for first time this year
The installed base of lithium iron phosphate batteries rose 235.5 percent in July, compared with a 67.5 percent increase for ternary batteries.
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Pony.ai reportedly puts on hold plans for US IPO
Pony.ai, a Chinese self-driving startup backed by Nio and Toyota Motor, has put on hold plans to go public in the United States through a merger with a blank check company, Reuters
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Central China's Wuhan trying to get Xiaomi to locate its car-making operations there
While Xiaomi has announced its entry into the car-making field, the city where the business will be housed remains undetermined, making it a target of competition from Chinese citi
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Nio's self-driving team to expand 60% to 800 within the year
Nio's autonomous driving-related team is currently around 500 people, and will increase by 300 to 800 by the end of the year, William Li, founder, chairman and chief executive offi
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Li Auto examining possibility of returning to China's A-share market, says president
Li Auto is internally examining the possibility of returning to China's A-share market, said the company's president Shen Yannan.
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Nio's NAD will deliver the best experience of autonomous driving, CEO says
“We believe that NAD will deliver the best experience of autonomous driving and lead the charge of autonomous driving technology development in the industry,” he said.
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Nio to launch lower-priced model next year
Nio will launch a lower-priced model next year, but will still maintain its premium positioning, William Li, founder, chairman and chief executive officer of Nio, said during the c
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