Deutsche Bank analyst Edison Yu’s team cut their price target on NIO by $5 to $45, but said NIO is on track to return to its product super cycle this year.
Tesla posted more than 100 job openings in China late last month, and local media are reporting that the company is still short on talent in the country.
Chinese regulators plan to allow Didi, Kanzhun, Full Truck Alliance’s mobile apps back into the domestic app stores, which could happen as early as this week, according to the Wall Street Journal.
The Qiantu K20 can accelerate from 0 to 100 kilometers per hour in as little as 4.7 seconds and offers frameless doors and a variety of color options to appeal to younger consumers.