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.