CnEVPost Newsletter: CITIC Securities says high growth of EV trio justifies valuations; HSBC raises NIO price target

CITIC Securities says high growth of NIO, XPeng and Li Auto justifies valuations - CnEVPost — cnevpost.com CITIC Securities is bullish on ET5 becoming a top seller and NIO's potential to expand in overseas markets.

HSBC raises NIO price target to $54 from $53 - CnEVPost HSBC's price target increase is not due to a change in their expectations for NIO's sales or valuation, but rather due to changes in exchange rates.

NIO's largest power supply site in Shanghai goes into operation - CnEVPost NIO today put into operation a new replenishment site in Shanghai, which includes a battery swap station and 20 supercharging piles.

NIO signs deal with highway service area operator in Zhejiang to jointly build swap stations - CnEVPost The two aim to build NIO battery swap stations in at least 15 pairs, or 30 service areas, by June 2022.

XPeng leads latest round of funding in LiDAR maker Zvision - CnEVPost This is the first time we have seen XPeng invest in a LiDAR maker. The LiDAR supplier for the XPeng P5 is Livox and for the G9 is RoboSense.

UBS upgrades rating on BYD to 'Buy' from 'Sell', raises price target by 122% - CnEVPost BYD allayed UBS's concerns about increased competition and declining market share with 90,000 NEV sales per month in the fourth quarter.

CATL opens research center in Shanghai to focus on forward-looking new energy technologies - CnEVPost CATL's move is expected to give it easier access to top talent and closer proximity to two key customers, Tesla and NIO.

LG Energy Solution says confident it can take over CATL's No. 1 position in EV battery market - CnEVPost LG Energy Solution could overtake CATL in the global EV battery market, given a significantly higher order backlog and other factors, the company's CEO said.

Zeekr reportedly aims to deliver 70,000 units this year, plans Europe entry in early 2023 - CnEVPost Zeekr plans to bring the Zeekr 001 to the EU market early next year, with the brand's total exports expected to reach 100,000 units by 2025.

Neta sees 100,000th production vehicle roll off line - CnEVPost Neta's total deliveries of all models stood at 95,977 units as of December 31.

Beijing's roads open to autonomous driving testing reach 1,000 km - CnEVPost The combined testing mileage of self-driving vehicles in Beijing has exceeded 3 million kilometers.