Li Auto shares surge 28% to record high
Chinese EV maker Li Auto shares surged 28.25 percent to close at $23.38 on Wednesday, a record high since its IPO, pushing its market capitalization to $19.55 billion.
Chinese investment bank CICC raises its Nio target price again, as it sees three benefits of BaaS
Nio recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the company's gross margin, thus injecting new momentum into its car sales and performance improvement.
Nio stock soared 19%, what happened?
The ADR shares of Chinese electric car company Nio soared to an all-time high on Tuesday as more and more skeptics turned into its believers.
Xpeng plans to raise $1.28 billion in US IPO, priced above range
Tesla's Chinese rival, Alibaba-backed EV maker Xpeng Motors plans to raise $1.28 billion in an IPO on the New York Stock Exchange, priced above the initial range, according to IFR.
Nio shares surge 19% as UBS raises its rating from 'sell' to 'neutral'
UBS raised its rating for Chinese EV maker Nio from "sell" to "neutral", bumping its price target from $1.00 to $16.30 which represents a jump of 1,530%.
Is Nio's battery swap mode commercially viable?
On August 20, Nio officially launched its Battery as a Service (BaaS), which provides a new way to purchase a vehicle with a separate body and battery, allowing users to purchase a Nio without purchasing a battery pack.
Tesla takes a subtle jab at Nio's body-battery separation mode
The recent launch of Nio's BaaS (Battery as a Service) battery rental service in China has raised a lot of eyebrows. In an article published on Monday, Tesla China made a veiled dig at the model as being inferior to its unibody model.
China-made Model Y available for pre-order options, price starts from about $70,000
The Tesla China website has released the China-made Model Y configurator, which users can choose from with 2 models, the long-range all-wheel drive version and the Performance version, with a pre-order price of RMB 488,000 (about $70,000) - RMB 535,000.
Chinese version of Rolls-Royce Hongqi H9 launched, priced from about $44,782
The much-anticipated Hongqi H9 sedan went on sale today, including five models priced between RMB 309,800 ($44,782) and 539,800 yuan.
Analysts say Nio-led battery swap wave coming for China's electric cars
The recent launch of Nio's BaaS (Battery as a Service) battery rental service in China has generated high interest in China's auto and technology circles. In analysts' view, this indicates the coming wave of battery swap model for electric cars.
