CnEVPost Newsletter: BofA further raises Nio price target; Xpeng denies Maserati acquisition rumor
CnEVPost Newsletter: BofA further raises Nio price target; Xpeng denies Maserati acquisition rumor
BofA further raises Nio price target, expects deliveries of 20,000-21,000 per month in Aug and Sep
Nio's vehicle deliveries in August and September are expected to be 20,000-21,000 units per month due to auto parts constraints, but parts supply will improve in the fourth quarter, BofA said.
Nio rebrands ET5 Touring as ET5T to target larger family market
Nio has repositioned the ET5 Touring to expand the model's user base by targeting the larger family market rather than the touring segment.
Nio offering $3,280 discount on ET5 inventory cars, report says
The ET5 Touring is priced the same as the regular ET5 and the new ES6 is priced attractively, influencing potential ET5 customer's intention to buy the car, according to local media.
Nio's 1st 3rd-gen swap station in Europe goes live in Sweden
The battery swap station is located in Stockholm, Sweden, and also offers Nio's latest 500-kW ultra-fast charging piles.
Nio Capital-backed ClearMotion begins construction of its 1st plant to produce suspension systems
ClearMotion has secured volume production orders from an EV maker and expects to begin deliveries globally by the end of 2024, Nio Capital said.
Xpeng denies after rumor that it will buy Maserati creates buzz
Earlier today, a rumor that Xpeng would acquire Maserati spread widely on Chinese social media.
Tesla Shanghai may mass produce revamped Model 3 next month, report says
Tesla is in the final stages of producing display vehicles that will be shipped to Tesla showrooms later in August, with mass production expected to begin in September, according to Bloomberg.
Changan builds AI data center with Baidu to accelerate autonomous driving R&D
The data center has a computing power of 1,420 PFLOPS, allowing autonomous driving models to be trained up to 125 times faster.
Chengdu auto show booth map released: BYD, Nio, Xpeng, Li Auto present, Tesla absent
Nio's booth is located at H1010, Xpeng is at H1009, and Li Auto is at H1102. BYD and its sub-brands are in Hall 3.
China NEV retail sales at 208,000 in Aug 1-13, up 1% from same period last month
China's passenger NEV retail sales increased 38 percent year-on-year during August 1 to August 13, up 1 percent from the same period last month.