CICC expects Nio to see strong demand ahead of Chinese New Year
Nio announced January deliveries of 7,225 units, which China's top investment bank CICC believes is in line with the company's planned monthly capacity of 7,500 units, indicating strong consumer demand.
Credit Suisse maintains Outperform rating on Xpeng with $70 price target
Xpeng's January shipments reached a record 6,015 units, a 470% year-on-year jump, which Credit Suisse said reflects Xpeng's improved shipment capacity, newly introduced smart systems, ability to expand its brand and marketing efforts.
Li Auto opens R&D center in Shanghai to focus on cutting-edge technologies
These technologies include high-voltage platforms and ultra-fast charging technologies, autonomous driving technologies and next-generation smart cabin technologies, the company said.
Li Auto delivers 5,379 vehicles in January, up 355.8% year-on-year
Li Auto in January delivered 5,379 units of the Li ONE, its only model, up 355.8 percent year-on-year but was down 12% from December's 6,126 units.
Deutsche Bank initiates coverage on Li Auto with Hold rating and $35 price target
Deutsche Bank analysts led by Edison Yu initiated coverage on Li Auto with a Hold rating and a price target of $35, representing an 8.5 percent upside potential from Friday's close.
Nio's William Li reflects on his woes at the end of 2019
William Li, founder, chairman, and CEO of Chinese electric carmaker Nio, recalled his woes at the end of 2019 in a recent interview with CCTV, saying it made sense for investors to choose not to bail out Nio at that time.
BYD launches official vehicle color change service
Previously, only third-party tuning stores have similar services, but the quality is often not guaranteed. BYD's launch of this official service is relatively rare among car companies.
One of the first owners of China-made Model Y complains about Tesla's quality issues
Tesla has received a complaint from one of the first owners of China-made Model Y, who wants a new car after experiencing various problems with the vehicle.
Kandi subsidiary signs contract to supply 3,000 EVs to ridesharing partner
Chinese electric vehicle manufacturer Kandi Technologies Group announced on January 28 that one of its subsidiaries has signed a sales contract for 3,000 K23 pure electric vehicles with Zhejiang Ruiheng Technology.
Nio built 7 new battery swap stations in January, plans 12 more in next 10 days
Late last month, Nio said it had 179 battery swap stations, 101 Superchargers, 820 superchargers, and access to more than 360,000 third-party charging posts as of January 21, 2021.
