Deutsche Bank raises price target on Li Auto by $5 to $32
Deutsche Bank's Edison Yu's team raised their price target on Li Auto by $5 to $32 with a Hold rating in a research note sent to investors on Monday.
Nio delivered 7,931 vehicles in July, up 124% year-over-year
Nio delivered 7,931 vehicles in July, up 124.48 percent year-over-year and down about 2 percent from June.
Xiaomi invests in another self-driving technology provider
Xiaomi is participating in Geometrical Perception and Learning Co's (G-PAL) approximately RMB 400 million ($61.88 million) Pre-A series funding round as the lead investor in the Pre-A2 round.
Chinese EV battery maker CALB starts construction of new $1.55 billion project
The project, located in central China's Hubei province, is a 20 GWh capacity production site with an investment of RMB 5 billion in the first phase.
CMB International initiates coverage on Xpeng with Buy rating and HK$196 price target
CMB International initiated coverage of Xpeng Motors on Monday, giving its Hong Kong-listed stock a HK$196 ($25.2) price target and a buy rating.
BYD presents Dolphin model at digital entertainment show ChinaJoy
BYD recently showcased the Dolphin model at ChinaJoy, a digital entertainment exhibition in Shanghai. The car will be based on BYD's latest e-Platform 3.0 and will feature BYD's latest "marine aesthetic" design concept for the first time.
Tesla reaches 900 Supercharger stations in Chinese mainland
To date, Tesla has more than 6,900 Superchargers in the Chinese mainland, and it also has more than 700 destination charging stations, offering more than 1,700 destination charging piles, covering more than 320 cities in China.
Analysts raise Nio price target ahead of July delivery data release
CMB International raised its price target for Nio by 13.6 percent to $52.6 per ADS, maintaining a buy rating. Nio closed up 4.83 percent to $44.68 on Friday and the price target implies an upside of about 18 percent.
EV vs. fuel car, which is safer in flood?
Nio will do inspections of all vehicles damaged in the flood in Henan and then give a repair strategy, "Even the most serious scrapping can possibly be solved by replacing the battery."
EV battery maker Svolt closes new round of $1.59 billion financing
Chinese power battery maker Svolt Energy recently announced the completion of a Series B financing round totaling RMB 10.28 billion ($1.59 billion).