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CnEVPost Newsletter: Analysts explain why NIO, XPeng, Li Auto stocks may have reached inflection point
Analysts explain why NIO, XPeng, Li Auto stocks fell early in the year and why they may have reached inflection point - CnEVPost — cnevpost.com NIO, which rose more than 10 times in 2020, has seen its biggest pullback this year at 54%, XPeng at 62%, and Li Auto at 58%.
CICC sees NIO ET7 as still top of the line in terms of specs when it is delivered next year - CnEVPost "We believe that with the hardware specifications and the company's full-stack R&D capabilities, NIO is on track to reach industry leadership in autonomous driving," CICC said.
NIO releases vehicle software update, improves efficiency of fast charging - CnEVPost The time to charge a 70 kWh battery pack from 20 percent to 90 percent can be reduced by about 10 percent, according to NIO.
XPeng says NGP user mileage surpasses 5 million km - CnEVPost XPeng Motors said Thursday that users have accumulated more than 5 million kilometers using the Navigation Guided Pilot (NGP) feature as of May 31, 125 days since the feature was made available to users on Jan. 26.
An interesting change: Li Auto's May deliveries surpassed by Neta - CnEVPost Li Auto's third position was overtaken by Neta Automobile, backed by Qihoo 360, China's largest cybersecurity company, which delivered 4,508 units in May.
Horizon Robotics, Li Auto's self-driving chip supplier, reportedly considering US IPO - CnEVPost Horizon Robotics is currently working with advisers to prepare for a share sale and a listing could happen as early as the end of the year.
Qualcomm-backed self-driving startup ZongmuTech closes new $190 million funding round, considers A-share listing - CnEVPost This is one of the first investments made by a Xiaomi-backed fund in the smart vehicle industry chain since the smartphone giant officially announced its entry into the car-making field on March 30.
NIO supplier CATL plans to build new power battery plant in Shanghai, Reuters reports - CnEVPost CATL is a supplier to NIO, XPeng Motors, and Li Auto, and has a 100 kWh battery pack line built in partnership with NIO.
BMW plans to install 360,000 charging piles in China by year-end - CnEVPost For reference, Tesla currently has more than 6,300 Superchargers in China and more than 25,000 Superchargers worldwide.
China auto sales estimated at 2.204 million units in May, up 0.5% from a year ago - CnEVPost Passenger car sales rose 6 percent in May from a year earlier, while commercial vehicle sales fell 8.8 percent from a year earlier.