Deutsche Bank raises delivery forecast for Nio over next two years, reiterates Buy rating and $60 price target
The team maintained its $60 price target based on 8x 2023E EV/sales, down from 9x previously to account for a broader re-rating of the EV-related stock.
Nio-backed LiDAR maker Innovusion secures new funding to accelerate delivery for ET7
The capital will be used primarily to support the mass production and delivery of LiDARs for the Nio ET7, as well as Innovusion's innovation programs.
EV batteries to usher in TWh era as CATL to raise $9 billion to expand capacity
Shares of CATL rose more than 5 percent in Shenzhen trading after falling more than 4 percent at open.
BYD begins delivery of Tang EV in Norway
BYD said it will ship a cumulative total of 1,500 Tang EVs to Norway during 2021.
Huawei discloses patent for OTA upgrade that could improve driving safety
The patent can realize the control of the vehicle to be upgraded at the right location to ensure safety.
Nio's battery swap stations reach 363
Nio put two new battery swap stations into operation Thursday, one in Xining and one in Taicang, bringing the total to 363.
Nio's Q2 earnings call: Here's everything you need to know
Nio reported its second-quarter earnings on Thursday Beijing Time and held an analyst call to unveil some key plans for the future.
Li Auto says HK financing to be used for capacity expansion and charging facilities
Li Auto will focus on electric drive technology and the development of next-generation extended-range technology and 400kW high-speed charging technology.
Li Auto reportedly considering European production site
Li Auto is considering the possibility of building an offshore production site to serve as a stepping stone for its entry into the global market, the SCMP reported.
Li Auto makes lackluster HK debut
Li Auto followed in the footsteps of Xpeng in listing in Hong Kong, though the pricing does not appear to be attractive to investors.