CITIC Securities says Nio expected to catch up with Tesla in medium to long term, maintains Buy rating
The team said Nio's sales are expected to recover to the level of 10,000 units in both November and December, and is expected to achieve over 90,000 units for the whole year.
Huawei's automotive partner Sokon sold 4,976 NEVs in October, up 124% year-on-year
Huawei is reportedly partnering with Sokon to create a model called Aotu, which will feature a full suite of Huawei's smart car solutions.
Xiaomi's offline stores already gearing up to sell cars
Xiaomi's chairman Lei Jun said last month that Xiaomi's first car is expected to be mass-produced in the first half of 2024.
BYD gets optimistic analyst ratings after stellar October sales performance
As of press time, BYD was up about 7 percent to RMB 325.08 in Shenzhen with a turnover exceeding RMB 10 billion yuan.
Tesla cancels 0 down payment option in China due to 'surge in orders'
This comes just three days after the option became available. The minimum down payment is currently 10 percent.
Deutsche Bank ups Nio price target by $10 to $70
The team raised their forecast for Nio's deliveries in 2025 significantly to 750k from 465k.
Xpeng CEO makes latest Forbes list of 100 richest people in Chinese mainland
William Li, founder, chairman and CEO of Nio, and Li Auto, founder, chairman and CEO of Li Auto, did not make the list.
BYD Han sold 11,087 units in Oct, up 47% from a year earlier
BYD Han's cumulative sales have reached 131,679 units since deliveries began in July last year.
Former Huawei self-driving team leader joins Zeekr
Chen Qi is one of the pioneers of Huawei's automotive business, but doesn't share the tech giant's insistence on not building cars.
Nio-backed Uxin reportedly to step up efforts to expand offline business
Uxin, whose main business is online used car trading, has decided to develop both its online and offline businesses and is bringing back several veteran former employees.
