CICC says BYD's Q4 guidance has room for upward revision, raises price target on H shares by 45%
China's top investment bank CICC has raised its 2020/2021 net profit forecast on BYD by 11%/3% to RMB 4.5/5.4 billion due to profit boost from higher sales of BYD's premium car model Han.
Nio shares surge 10% pre-market as its October deliveries up by 100% year-on-year
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) shares surged 10 percent to $33.69 in pre-market trading, as its October deliveries went up at another high rate.
China aims to have 20% penetration rate of new energy vehicles by 2025 in new plan
China's "New Energy Vehicle Industry Development Plan (2021-2035)" was released today, which mentioned that by 2025, new energy vehicle sales will reach about 20% of total new vehicle sales.
Nio founder addresses misconceptions about battery swap mode
In a recent interview, William Li Bin, founder and chairman of Nio, explained the misunderstanding about battery swap mode, saying that battery swap and charging are not opposed to each other.
Li Auto delivers 3,692 vehicles in October, setting record for third consecutive month
Chinese electric vehicle (EV) maker Li Auto (NASDAQ: LI) said today that the Li ONE, the company's only model on sale, delivered 3,692 units in October, the third consecutive month of record monthly sales.
China-made Tesla Model 3 delivery time extended from 1-2 weeks to 4-6 weeks
China-made Tesla Model 3 delivery date has been changed from 1-2 weeks to 4-6 weeks as customer demand soars, according to information on Tesla China's official website.
Nio delivers 5,055 vehicles in October, up 100.1% year-on-year
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) delivered 5,055 vehicles in October, up 100.1% year-on-year and marking the eighth consecutive month of year-on-year growth.
Xpeng October deliveries reach 3,040 units, up 229% year-on-year
Chinese electric car company Xpeng Motors (NYSE: XPEV) delivered 3,040 units in October, an increase of 229% year-on-year, and reached over 3,000 units for the second consecutive month.
Could Nio's upcoming sedan be a formidable rival to Tesla's Model 3?
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) was facing a tough year in 2019, when financial constraints combined with a plummeting stock price forced a delay in the release of its first production all-electric sedan, which was expected to be released that year.
BYD's market cap exceeds that of Nio and Li Auto combined, how did it do it?
Looking at recent Chinese auto stocks, one of the hottest companies is none other than BYD.