Research Note
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Citi raises price targets on Xpeng and Li Auto
Citi raised price target on Xpeng (XPEV.US) from $34.70 to $57.71, and maintains "Buy" rating. The bank also raised Li Auto (LI.US) rating from "Neutral" to "Buy" with a price target raised to $45.60 from $27.10.
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Analysts expect Nio sales to reach 100,000 units next year
Sales of the US-listed Chinese electric car trio are now on a rapid rise after a difficult period.
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Analysts say Nio is the leading Chinese EV maker, with advantages becoming apparent
With Nio gaining popularity among investors in the capital markets, more Chinese analysts are joining their Wall Street peers to publish bullish report on the Chinese electric vehicle (EV) maker.
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JP Morgan raises Nio price target to $46 from $41
Four weeks ago, JP Morgan sharply raised Nio price target from $14 to $40, representing a 85% upside potential at that time.
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CITIC Securities maintains 'buy' rating on BYD as Han models continue to sell well
On November 4, BYD released sales figures showing that the company sold 48,000 cars in October, up 16% year-on-year.
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Deutsche Bank raises Nio price target by 30% to $34, reiterates Buy rating
Analysts at Deutsche Bank on Tuesday raised their price target on Nio by 30 percent to $34 and reiterated their Buy rating following another record monthly sales for the Chinese EV maker.
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CICC sees Nio, BYD out of its valuation system, but near-term trend remains strong
As the shares of Chinese new energy vehicle companies such as Nio and BYD have been rising, their valuations have come to very high levels, raising doubts among many investors. But in the view of Chinese investment bank CICC, although their valuations have gone into no man's land, the short-term trend is still strong driven by positive data.
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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.
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This analyst has a cautious view of Nio
Ark Invest analyst Tasha Keeney recently pointed out that there are still major differences between Nio and Tesla, which means that the former's prospects may not be so easy to judge.
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BofA: Rising blade battery adoption to drive BYD growth
In a report on October 29, BofA analyst Ming Hsun Lee and Jessie Lo said rising blade battery adoption and better mix of electronic business will drive growth of Chinese carmaker BYD.
