CnEVPost Newsletter: Analyst explains why NIO, XPeng, Li Auto have rallied sharply; XPeng to be included in FTSE's equity indexes
Deutsche Bank explains why NIO, XPeng, Li Auto stocks have rallied sharply and what investors need to watch out for - CnEVPost — cnevpost.com The recent sharp rally in Chinese electric vehicle (EV) stocks has many cheering. In a research note released Thursday, Deutsche Bank explains why this is happening and what investors need to watch out for.
Analysts call NIO-backed Uxin China's 'Carvana' in the making - CnEVPost The investment in Uxin will further improve NIO's position in the car trading scenario, and together with NIO Capital, it will bridge the company's possibilities for cooperation with NIO, bringing more imagination to Uxin's development.
XPeng expects to see passive inflows as its ADSs to be included in FTSE's equity indexes on July 8 - CnEVPost For listed companies, inclusion in an index means that there will be passive investment flows that track the index. Chinese electric vehicle company XPeng Motors has become the latest to be included in an international index.
HKEx to launch XPeng stock options contracts on the day of its listing - CnEVPost XPeng Motors' shares are expected to start trading in Hong Kong next week, and the HKEx will launch stock options contracts on the same day it goes public.
Li Auto delivered record 7,713 units in June, up 320.6% year-on-year - CnEVPost Li Auto added more than 10,000 new orders in June, an all-time high, the company said.
Li Auto aims to take No. 1 global PHEV sales position in Q3 - CnEVPost Although there is only one model on sale, Li Auto is very confident about its performance.
Li Auto rumored to launch MPV - CnEVPost Li Auto is going to launch an MPV model to expand its product matrix, autohome.com.cn reported Friday.
Tesla delivered 201,250 vehicles globally in Q2 - CnEVPost That was below analyst estimates of 204,160 in a Bloomberg survey and the FactSet consensus of 207,000, but above the 200,258 in a Reuters poll.
Neta sold 5,138 units in June, up 536% year-on-year - CnEVPost Neta Automobile earned a lot of praise for outselling Li Auto in May. Now, with Li Auto's big jump in deliveries in June, it has been overtaken again.
BYD launches 3 new Yuan Pro SUV variants - CnEVPost The three variants are available with 301km and 401km of range and are priced at RMB 79,800 ($12,338), RMB 89,800, and RMB 99,800 after subsidies.
Huawei defends itself after SAIC chairman rules out use of its self-driving system - CnEVPost The Huawei Inside model is currently used by just three car companies, and Huawei cannot and does not have the energy to make all of them use it.
ByteDance reportedly to start selling cars to take on Huawei - CnEVPost Beijing-based TikTok owner ByteDance's car information and service platform Dongchedi is about to launch its first offline experience store in July, with the site located in the southwestern Chinese city of Chongqing.
Evergrande Auto breaks ground on new $773 million production site - CnEVPost The overall project is expected to be completed in 2024 and will be used for the production of models including sedans and coupes.
OPPO applies for vehicle control-related patent - CnEVPost Despite not officially announcing its entry into the car-making industry, Chinese smartphone giant OPPO is getting more and more patents in the field.
Chery's legendary model to get an EV version, possibly competing with Mini EV - CnEVPost As a model released about a decade ago, Chery's QQ is seen as China's first model aimed at young people. With a price tag of less than RMB 50,000 ($7,720), it became popular and has become a legend over the years.
GAC's SUV with Horizon Robotics chip launched - CnEVPost Horizon Robotics' newest Journey 3 chip is equipped in the 2021 Li ONE model, with more applications expected in the future.