CnEVPost Newsletter: Analyst who called 'buying opportunity' on NIO's decline reiterates 'Buy' rating
Analyst who called 'buying opportunity' on NIO's decline reiterates 'Buy' rating - CnEVPost — cnevpost.com By Thursday's close, NIO's $46.03 stock price had essentially regained the $46.11 level it opened at on March 2, forming a perfect V-shape.
CICC expects Chinese EV trio's stock price to go upward, but cuts NIO and Li Auto price targets - CnEVPost — cnevpost.com CICC cut its price target on NIO by 27% to $62 from the previous $85, saying this is due to the pullback in Tesla as a "valuation anchor" for EV makers. It also lowered its price target on Li Auto by 12.5% to $35 from $40.
XPeng says it surpasses 50,000 cumulative deliveries - CnEVPost — cnevpost.com Chinese electric car company XPeng Motors (NYSE: XPEV) announced Friday that it has surpassed 50,000 cumulative deliveries.
Huawei achieves mass production of its own electric vehicle motors - CnEVPost — cnevpost.com The permanent magnet synchronous motor model TZ210XY584 has a peak power of 230kW, which is close to the highest level of the MIIT new energy model recommendation catalog.
ID.4 CROZZ, FAW-Volkswagen's first electric SUV, to begin deliveries on March 20 - CnEVPost — cnevpost.com The model is available in five versions, with a subsidized price range of RMB 199,900 ($30,745)–RMB 279,900. It is available in three NEDC range versions: 400km, 500km, and 550km.