China-made entry-level Model Y expected to drop to RMB 275,000, analysts say
From Tesla's pricing strategy overseas, the price difference between Model Y and Model 3 is only 6-9%, so after the China-made Model Y goes into production, the Model Y's entry price is expected to drop to 275,000 yuan ($40,860), Tianfeng Securities said in a recent research paper.
Citi upgrades Nio's stock rating to 'Buy'
Citi analyst Jeff Chung upgraded the stock rating of Chinese EV maker Nio (NYSE: NIO) from "Neutral" to "Buy" with a price target of $33.20 from $18.10.
Volkswagen to debut electric compact SUV ID.4 in China on Nov 3
Volkswagen's new all-electric compact SUV, the Volkswagen ID.4, will be released in China on November 3, according to industry media Evzhidao.com.
Nio rival Li Auto in spotlight as Li ONE with driving assist on hits truck at high speed
Recently, news of a collision between a Li ONE, the only model by Chinese electric vehicle (EV) maker Li Auto (NASDAQ: LI), with driving assist on and a truck has sparked concern in China.
Nio stock surges more than 8% pre-market as JP Morgan sharply raises price target to $40
The shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) rose by more than 8 percent in pre-market trading on Wednesday after JP Morgan's bullish rating.
JP Morgan sharply raises Nio price target to $40, representing 85% upside potential
JP Morgan gave Nio an Overweight rating and admitted that "we missed the stock's major rally YTD."
China's Sept passenger car sales up 7.3% year on year to 1.91 million units
China's passenger car market registered retail sales of 1.91 million units in September, up 7.3 percent from the same period last year, according to the latest figures released by the China Passenger Car Association (CPCA) on October 13.
Chinese EV startup ENOVATE raises over 5 billion yuan in new funding, plans 2021 IPO
Chinese electric car startup ENOVATE has received another multi-billion dollar blood transfusion after completing an over RMB 2 billion round of funding from Shanghai Electric in April 2019.
Li ONE overtakes Nio ES6 to have most insurance registrations among new energy SUVs in China
The Li ONE saw 3,830 insurance registrations in September, overtaking the Nio ES6 for the top spot in new energy SUVs, Li Auto said, citing data from the China Automotive Technology and Research Center.
Tesla slashes prices again in China, dropping RMB 23,000 on two Model S models
The Tesla Model S Long Range and Performance editions have both been cut by RMB 23,000 yuan ($3,400), bringing the starting price down to RMB 733,900 and RMB 833,900, respectively, according to information on Tesla's China website.
