CnEVPost Newsletter: NIO partners with AMD; Q1 earnings preview

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.

The device, which only allows users to rent rather than buy at battery swap stations, has sparked discontent among some NIO owners.

NIO will hold an online launch event on June 15 to unveil the ES7 as well as the 2022 ES6, EC6 and ES8, according to local media.

NIO is preparing for the launch of the ES7, which could happen later this month.

NIO’s shares traded in Hong Kong closed up 5.88 percent today, giving it a 48 percent gain since May 13.

Li Auto has produced thousands of L9 SUVs, which will be shipped to all its stores in July and deliveries will begin in August.

As of press time, NIO was up 2.48 percent to a new high so far this month. Li Auto was up 10.62 percent to a new high since early April.

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 Cadillac Lyriq is available in China in three versions, priced at RMB 439,700, 459,700 and 479,700 respectively.

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.

Although not many people in China know about Changzheng Auto, it is the second company after BYD to officially announce a full shift to NEVs.