CnEVPost Newsletter: Morgan Stanley raises price targets on Chinese EV trio
Morgan Stanley raised its price target on Nio to $18.7, on Xpeng to $25.4, and on Li Auto to $53, all keeping their ratings at Overweight.
Nio is considering banning cars with internal combustion engines from charging at some of its busy charging stations in order to prioritize serving purely electric vehicles, the head of the company's energy business said.
Cheshiji has been ordered to post an apology to Nio for 30 consecutive days and to pay 300,000 yuan in damages in a first-instance ruling.
BYD has told its Indian joint venture partner that it will shelve plans to invest $1 billion in building electric vehicles after its investment proposal faced scrutiny from New Delhi, Reuters reported.
The launch of the Denza N8 comes just a month after the launch of the Denza N7, which will begin deliveries this weekend.
The Audi e-tron GT is powered by dual motors and can sprint from 0 to 100 km/h in 4.1 seconds with a WLTP range of 488 km.
The IEA now expects China's gasoline demand to peak in 2024, bringing forward previous forecasts of demand leveling off in 2025/2026.
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