Nio shares plunge 15% despite record August deliveries
Nio, the US-listed Chinese electric car company, plunged 15 percent in early trading as the entire US stock market fell for a second straight day.
Tesla employee says they didn't refuse delivery to owner who bought Model 3 on Pinduoduo
Tesla did not reject the Wuhan customer who participated in the Pinduoduo group buy, nor did it blacklist the customer, but only to protect the customer's rights and persuade him to place an order again on the official website, a Tesla employee in China said today.
Credit Suisse raises Nio price target by over 40% to $25
Credit Suisse analyst Bin Wang has raised the price target of US-listed Chinese EV company Nio by 42.86 percent from $17.50 to $25 with an “outperform” rating.
Xpeng P7 now allows users to unlock with Huami smartwatches
Huami Technology announced on Thursday that the Amazfit GTR, Amazfit GTS are now available to unlock the Xpeng P7, an electric sedan made by Chinese EV maker Xpeng Motors.
Chinese retail giant Suning may offer big subsidies for Nio car purchases on its online platform
Chinese retail giant Suning may offer consumers a big discount on Nio cars in its upcoming shopping promotion.
Nio delivers a record 3,965 vehicles in August, up 104.1 percent year-on-year
Chinese EV maker Nio delivered 3,965 vehicles in August, up 104.1 percent year-on-year and setting a new record high.
Nio affiliate gets patent for facial recognition
Shanghai Weilan Power Technology Co., Ltd., an affiliate company of Chinese EV maker Nio, recently added a patent that features "dynamic facial recognition device and method, computer program" to its patent portfolio, information from data provider Tianyancha showed.
CICC initiates coverage on Li Auto with 'outperform' rating and price target of $21.50
China's top investment bank CICC Wednesday initiated coverage of Chinese EV maker Li Auto with an outperform rating and a target price of $21.50, meaning a 20 percent upside space from Wednesday's close.
Nio completes offering of new shares, why is it increasing ownership in Nio China?
Chinese EV maker Nio announced Wednesday the completion of the offering of 101,775,000 American depositary shares, each representing one Class A ordinary share, which included the exercise in full by the underwriters of their option to purchase up to an additional 13,275,000 ADSs, at a price of US$17.00 per ADS.
Nio and Xpeng both offer battery rental services, what's the difference between the two?
On August 20, 2020, Chinese EV maker Nio launched its BaaS (Battery as a Service) battery rental service, which had been in the works for years. Less than half a month later, Xpeng Motors also launched a similiar program.
