Here's why Chinese EV trio stocks fall pre-market
Official media skepticism about the industry could be a major reason.
Sinopec says it aims to be carbon neutral 10 years ahead of nation's commitment
Carbon neutrality has been a hot topic of discussion among Chinese companies recently, with the A-share index for this sector having risen 30% this month. Now fossil fuel energy giant China Petroleum & Chemical Corporation (Sinopec) has also set their timeline for achieving this goal.
Nio signs deal with German retail giant on charging infrastructure partnership
Nio will build charging stations and battery swap stations in some malls of METRO China.
JP Morgan remains positive on Nio with $70 price target and Overweight rating
JP Morgan's delivery estimates for Nio in the first quarter were 20,000, which the bank said: "our current forecast remains achievable and potentially conservative."
Nio, Xpeng reportedly have filed for secondary listing in Hong Kong
Nio and Xpeng Motors have submitted listing applications to the Hong Kong Stock Exchange, while Li Auto has not yet submitted an application, local media cls.cn said, citing sources familiar with the matter.
Nio's first destination charging station in Macau goes into operation
The first Nio destination charging station in Macau, which is also the electric vehicle company's 328th destination charging station, has been put into operation.
Nio says chip shortage exceeds previous estimates, actively coordinating supply chain resources
An unnamed Nio source told the China Securities Journal that the chip shortage exceeded previous forecasts, and it is still closely monitoring the supply situation and actively coordinating supply chain resources.
Xpeng completes 3,000 km NGP challenge with over 90% success rate on most roads
Chinese electric vehicle company Xpeng Motors announced Saturday that it has completed the 3000km Navigation Guided Pilot (NGP) long-distance challenge, with a success rate of over 90% on most roads.
Nio says plant able to resume normal production after temporary shutdown ends
"We were informed that the equipment renovation of the production line will be done next week along with the Tomb-Sweeping Day holiday," the report quoted an Nio source as saying.
Baidu Apollo reportedly joins forces with local manufacturer to develop LiDAR for its 5th-gen Robotaxi
Baidu's autonomous driving platform Apollo has partnered with Chinese LiDAR company Hesai Photonics Technology to develop a LiDAR for use in Baidu's fifth-generation self-driving Robotaxi.
