CITIC Securities initiates coverage on Nio with Buy rating and $45 price target
CITIC Securities believes that the low- and mid-end EV market is highly competitive, while the high-end market in which Nio is present has fewer players and huge room for growth.
JAC sold 14,400 EVs in Sept, up 163% from a year earlier
The sales figure should include Nio's vehicles, which sold a record 10,628 units in September.
Owner ordered to pay Tesla about $7,750 for falsely claiming brake failure
The crash occurred on August 12, 2020, when the owner was driving a Model 3 that crashed into a dozen cars before coming to a stop.
Commodity price hikes, power crunch have more serious impact on automakers than chip shortages, GAC Aion exec says
The price of lithium carbonate was RMB 70,000 ($10,850) per ton last year, but now it has risen to RMB 270,000.
Evergrande Auto tries to reassure partners, vows first model will roll off line early next year
Evergrande Auto has vowed to ensure that Hengchi's mass production target is met with utmost determination.
BYD's more fuel-efficient hybrid version of Han begins road tests
If the BYD Han gets a DM-i version, it is expected to send deliveries of the sedan model, which already sells more than 10,000 units a month, even higher.
Meituan's unmanned delivery vehicle gets involved in collision and takes full responsibility
This is the first accident in the driverless industry in which the owner of the unmanned vehicle took full responsibility.
Mini EV's convertible version begins road tests
The model is expected to go on sale in 2022 and could be priced higher than the Mini EV Macaron's starting price of about $5,750.
More details of Xpeng's new SUV revealed
The vehicle, which is based on Xpeng's Edward platform like the P7 sedan, could be available in the fourth quarter of 2022.
Evergrande Auto boosts registered capital of one subsidiary by 900%
Evergrande Group, mired in a heavy debt burden, has chosen to save itself by selling off its assets, and its car-making business is one of them.