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CnEVPost Newsletter: CICC raises XPeng price target; BYD's potential deal with Tesla
CICC raises XPeng price target by 20% to $55 - CnEVPost — cnevpost.com CICC said it raised the price target of XPeng's US stock by 19.6 percent to $55, with a 36 percent upside, considering its sales continue to exceed expectations.
Daiwa initiates coverage of XPeng with Buy rating and HK$200 price target for its HK shares - CnEVPost Daiwa expects XPeng to be a leader in China's autonomous driving space and a leader in its commercialization process. The team believes XPeng will be profitable by 2022.
XPeng tops NEV brands in China for innovation in intelligence, says J.D. Power survey - CnEVPost XPeng ranked first with 615 points, Tesla ranked second with 597 points and Li Auto ranked third with 577 points.
Li Auto into spotlight as owner tricks vehicle into 'full self-driving' - CnEVPost The video shows the driver taking his hands off the wheel and lying flat, leaving the car to drive solely on the assisted driving feature.
Li Auto reportedly to close HK public offering subscription ahead of schedule - CnEVPost Li Auto, which began its Hong Kong public offering on Aug. 3, planned to close subscription and price the offering on Aug. 6 and is scheduled to officially trade on the Hong Kong Stock Exchange on Aug. 12.
BYD said to supply 'blade battery' to Tesla next year - CnEVPost BYD will supply its "blade battery" to Tesla in the second quarter of next year, local Chinese media cls.cn said Thursday, citing multiple sources familiar with the matter.
BYD sold 50,492 NEVs in July, up 234% from a year ago - CnEVPost BYD's new energy vehicle sales in July were 50,492 units, up 234 percent from a year ago and 22 percent from June.
BYD Semiconductor starts supplying LED displays for unmanned vehicles - CnEVPost BYD Semiconductor announced on Aug. 5 that it has shipped LED displays for unmanned vehicle manufacturer Neolix, marking the company's entry into this new field.
BYD establishes new battery company in Anhui - CnEVPost The company is called Wuwei Fudi Battery Co., Ltd. and its business scope covers battery manufacturing and sales, research and development of new material technologies, and manufacturing, sales and research and development of electronic special materials.
BYD becomes latest carmaker to offer lifestyle products on app - CnEVPost Users can use credits to purchase these items through the BYD App, and the latest to hit the shelves include 925 silver-plated 18k gold jewelry.
Volkswagen ID models reportedly sold over 5,000 units in China in July - CnEVPost Volkswagen CEO Herbert Diess previously said he expected sales of the ID series cars in China to double to 6,000 units in July from 3,000 units in June.
Xiaomi sets up new firm with business scope including NEV sales - CnEVPost Xiaomi, the smartphone giant that made a high-profile announcement this year about jumping on the car-making bandwagon, continues to lay out its business in the sector.
Chinese EV maker Aiways sends 60 vehicles to Israel - CnEVPost To date, Aiways has shipped a total of over 350 U5 models to Israel, all for delivery to general consumers.
Battery maker Eve Energy to build new 30GWh project - CnEVPost Chinese lithium battery maker Eve Energy plans to invest in a new 30GWh per year power battery project in Jingmen City, Hubei Province, the company said in an announcement Wednesday.
Wuling Hongguang Mini EV gets another competitor - CnEVPost The Pocco Duoduo, a new car from local Chinese carmaker Pocco that competes with the Wuling Hongguang Mini EV, will open for pre-sale on August 6, the company announced Thursday.
SAIC says its new energy passenger vehicle sales exceeded 10,000 for fifth consecutive month - CnEVPost SAIC passenger car sales in July were nearly 70,000 units, up 17 percent year-over-year, and cumulative sales from January to July were up 54 percent year-over-year.
Southwest China's Chengdu requires new vehicles used for ride-hailing to be NEVs - CnEVPost Chengdu, famous for being the home of China's panda breeding program, recently issued new regulations on the ride-hailing industry, requiring new vehicles used for ride-hailing to be new energy vehicles.
Power battery maker Gotion launches new lithium battery material projects - CnEVPost Gotion's Shenzhen-traded shares were up at the 10 percent intraday limit, after rising about 70 percent in the past two months.
China's NEV market to get dedicated insurance terms - CnEVPost Although new energy vehicles are rapidly being accepted by more and more consumers, there has been no exclusive insurance coverage tailored specifically for these models to date.
The real reason behind EV battery giant CATL's lawsuit against CALB - CnEVPost In 2020, CALB's installed capacity for GAC passenger cars reached 2,033.65 MWh and CATL shrinking to 824.69 MWh.
Next-gen 5G standard promises to accelerate commercialization of autonomous driving - CnEVPost Although 5G communication technology is still in the early stages of development, discussions about its evolved version have already begun to emerge and are seen as helping to bring self-driving technology up to a faster commercial pace.