Nio founder and Tencent's shareholding both drop to 11% after issuing additional ADSs
Prior to the issuance, William Li, the founder of Nio, held 11.5% of the shares and had 41.3% of the voting rights.
Xpeng to announce first Lidar supplier on December 22
Xpeng founder He Xiaopeng will unveil the world's first Lidar-equipped production vehicle in 2021 at the Guangzhou Auto Show on November 20.
Owner complains about BYD Han EV's two-thirds shrinkage in winter range
Mr. Li complained that his long-range Han EV could only actually travel up to 230 kilometers on a full charge. By comparison, BYD officially claims a range of 605 kilometers.
Wuhan Weineng, Nio's battery asset management joint venture, receives capital increase
Four months after its establishment, Wuhan Weineng, Nio's battery asset management joint venture has received its first capital increase.
Analyst says Tesla's annual deliveries may exceed target, shares could go as high as $1,000
With strong demand from the Chinese market, Tesla is not ruled out from exceeding its annual delivery target, which would support its share price to as high as $1,000, according to Wedbush Securities.
Baidu jumps 5% pre-market after reports that it's considering building its own electric car
The report said Baidu has opened preliminary talks with Geely, Guangzhou Automobile Group and FAW Group's Hongqi, but no decision has been made.
Deutsche Bank reiterates 'Buy' rating on Nio with $50 price target
After the announcement of an additional ADS offering, Nio shares have been trading lower for the past two days in a row. But in Deutsche Bank's view, this is not something to fear.
Xiaomi, BYD deny rumors of joint car manufacturing
The car was said to be a convertible electric model with a pre-order price of RMB 84,999 yuan.
Deutsche Bank initiates coverage on Xpeng with Buy rating and $58 price target
The price target represents a 31 percent upside potential to the Chinese electric car company's Friday closing price of $44.31.
Chinese display giant BOE shows off its innovations at Nio
BOE did not specify whether all of these technologies are used in Nio's cockpit but mentioned that it and Nio have continued to work together in recent years to create an interactive, warm, and user-friendly intelligent cockpit.