CnEVPost Newsletter: Deutsche Bank cuts XPeng price target
Deutsche Bank cuts XPeng price target to $43 from $48 ahead of Q1 earnings - CnEVPost — cnevpost.com XPeng closed down 4.61 percent to $25.46 on Monday amid a broad market sell-off, down about 58 percent from its recent high of $60.04 in late January.
NIO signs deal with southern Chinese city, aims to ditch fossil fuels in Xisha Islands' travel scenario - CnEVPost Under the agreement, NIO will provide Sansha with a fleet of smart electric vehicles and invest in charging and storage facilities.
NIO's LiDAR supplier Innovusion closes $64 million Series B round - CnEVPost NIO CEO William Li has said that the company has no plan B on the LiDAR option, implying that NIO is fully supporting the development of Innovusion.
Tesla China sales in April at 25,845 units, down 27% from March - CnEVPost In a month where Tesla's image in China was severely tarnished, the company's sales here remained high, despite a decline from March.
Polestar to use blockchain technology to trace origin of raw materials - CnEVPost Polestar entered into a strategic partnership with blockchain technology company Circulor on May 11, aiming to use blockchain technology to trace the origin of raw materials.
Chinese EV model priced at up to $124,500 starts deliveries - CnEVPost The HiPhi X starting at RMB 570,000 for the six-seat version and up to RMB 800,000 ($124,500) for the four-seat version.
China's largest cybersecurity firm confirms it is teaming up with a startup to build cars - CnEVPost The product pricing allows Neta to avoid direct competition with the US-listed Chinese EV trio NIO, XPeng and Li Auto.
Pony.ai announced on May 10 the joint release of a fully autonomous driving system with US-based Luminar that uses a 360° multi-sensor fusion solution to make vehicles safer and more reliable when operating in complex urban road conditions.