Goldman Sachs raises Nio rating to Buy, bullish on ET7's potential
Goldman upgraded Nio from Neutral to Buy with an unchanged price target of $56, corresponding to a 65 percent upside.
WM Motor expects to raise $500 million in new financing
This includes $300 million in Series D1 financing and $200 million in Series D2 financing, which is expected to accelerate the company's overseas IPO.
BYD Han sales hit 10,248 units in Sept, up 82.6 % year-on-year
BYD Han EV sales in September rose 115.1% year-on-year to 7,796 units, while Han DM sales in September rose 23.3% year-on-year to 2,452 units.
Nio says users have accumulated over 3 billion km of driving
The cumulative carbon reduction contributed by Nio users reached 197,225 tons, equivalent to the carbon emissions that 533,333 square meters of forest helped reduce in a year's time.
BYD's NEV sales in Sept rose 258% year-on-year to 71,099 units
Among new energy passenger vehicles, BYD sold 36,306 pure electric vehicles in September, up 197 percent from 12,212 units in the same month last year.
Tesla raises price of mobile connector in China by about $62
Tesla's mobile connector price in China has been adjusted to RMB 2,950, citing chip shortages and cost fluctuations.
WM Motor sold 5,005 vehicles in Sept, up 115.8% year-on-year
As one of the most talked about new car makers in China, WM Motor has been questioned for lagging behind its peers as it previously stopped releasing sales figures.
VW ID. series deliveries in China reached 10,126 in Sept, up 44% from Aug
After Nio, Xpeng Motors, there is a new member of the 10k club.
Behind Nio's surge in deliveries: Some showrooms sold out of show cars and had to display models
Because the show cars were sold, Nio put up car models in the showrooms where the cars should have been placed.
Li Auto delivered 7,094 vehicles in Sept, up 102% from a year ago
Li Auto deliveries were down about 25 percent in September compared to August, which the company blamed on the impact of continued chip supply shortages.