Changan to build new smart car brand with Huawei and CATL
Changan will join hands with Huawei and CATL to build a new high-end smart car brand with high-end smart products coming soon, Changan Chairman Zhu Ronghua announced.
World's largest hedge fund almost doubles its position in Nio in Q3
The world's largest hedge fund held 1,569,456 Nio ADS shares worth $33,304,000 as of September 30, 2020, according to an SEC filing on November 13.
Short seller Citron is shorting Nio, says stock should go back to $25
US short-seller Citron is shorting Nio and says after a rocky road of trading, Nio has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects. Citron gives Nio a price target of $25.
Li Auto CEO says won't launch pure electric models until 400KW fast-charging technology matures
Li Auto won't launch all-electric models until the 400KW fast-charging technology matures, the Chinese EV maker's CEO Li Xiang said on its third-quarter earnings call, adding that its extended-range technology has a 5-10 year advantage in large SUVs and MPVs.
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.
Xpeng says it expects its second production base to begin operations in 2022
Tesla's Chinese rival and Alibaba-backed Xpeng Motors's second manufacturing base was settled in the Guangzhou Development Zone in September this year and is scheduled to start production by the end of 2022, the company said in a conference call after announcing its third-quarter results on Thursday.
Nio stock rises above $50 pre-market, to report Q3 results on Nov 17
Boosted by its local peers' better-than-expected earnings report, Chinese electric vehicle (EV) maker Nio (NYSE: NIO) shares surged above $50 in pre-market trading session on Friday, hitting a new all-time high.
Didi will reveal a model called D1 on Nov 16, possibly built with BYD
Chinese ride-sharing giant Didi will unveil a vehicle called the D1 on November 16, a poster released by the company today showed.
Li Auto Q3 revenue beats estimates, shares surge about 20% pre-market
Chinese electric car maker Li Auto (NASDAQ:LI) posted third-quarter revenue of RMB 2.511 billion, which was well above the market's expectations of RMB 1.925 billion. The company reported a net loss of RMB 107 million for the third quarter, which was below market expectations of a loss of RMB 502 million.
State media praises Nio-led battery swap model in two articles on same day
In its November 13 issue, the Economic Information Daily, a subsidiary of China's state-owned Xinhua News Agency, devoted a rare two-part article to the same topic, praising the Nio-led battery swap model as the trend of the future.