CnEVPost Newsletter: Chinese brokerage Pacific Securities initiates coverage on Nio and Xpeng with Buy ratings
Pacific Securities has a buy rating on Nio's Hong Kong-traded shares, with a target price of HK$103.62, implying an upside of 26.14 percent.
The route, part of Nio's Power Journeys program, begins in Xi'an, Shaanxi province in northwest China and ends in Khorgos, Xinjiang.
The team has a HK$71.86 price target on Xpeng's Hong Kong-traded shares, implying an upside of 25.63 percent.
The mid-size crossover market is a high-volume market, competitive and cut-throat. The Xpeng G6 stands a good chance of carving out.
In the first two weeks of July, more than 200 Li Auto vehicles were privately exported to destinations dominated by Central Asia and the Middle East, its CEO said.
BYD's Seal DM-i will hit the market in the third quarter, and the Zhengzhou base is expected to have a monthly production capacity of up to 30,000 units.
Due to a software issue, the ESP internal monitoring program in the vehicles covered by this recall may incorrectly determine a malfunction at the start of the driving cycle.
China recycled 115,000 tons of used power batteries in January-May, more than the total for the whole of last year.
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