CnEVPost Newsletter: Deutsche Bank raises NIO price target, sees 3 potential catalysts for it to catch up with peers
Deutsche Bank believes NIO's stock ready to catch up with its closest peers, here are the potential catalysts - CnEVPost — cnevpost.com Edison Yu's team explains why NIO stock is underperforming and points to several potential catalysts for it to perform better.
Deutsche Bank ups NIO price target by $10 to $70 - CnEVPost The team raised their forecast for NIO's deliveries in 2025 significantly to 750k from 465k.
CITIC Securities says NIO expected to catch up with Tesla in medium to long term, maintains Buy rating - CnEVPost The team said NIO's sales are expected to recover to the level of 10,000 units in both November and December, and is expected to achieve over 90,000 units for the whole year.
Chinese EV startup Neta unveils new model V Pro with starting price of about $12,000 - CnEVPost Neta delivered 8,107 units in October, up 294 percent year-over-year and up 5.3 percent from September.
XPeng CEO makes latest Forbes list of 100 richest people in Chinese mainland - CnEVPost William Li, founder, chairman and CEO of NIO, and Li Auto, founder, chairman and CEO of Li Auto, did not make the list.
Tesla cancels 0 down payment option in China due to 'surge in orders' - CnEVPost This comes just three days after the option became available. The minimum down payment is currently 10 percent.
BYD gets optimistic analyst ratings after stellar October sales performance - CnEVPost As of press time, BYD was up about 7 percent to RMB 325.08 in Shenzhen with a turnover exceeding RMB 10 billion yuan.
BYD Han sold 11,087 units in Oct, up 47% from a year earlier - CnEVPost BYD Han's cumulative sales have reached 131,679 units since deliveries began in July last year.
NIO-backed Uxin reportedly to step up efforts to expand offline business - CnEVPost Uxin, whose main business is online used car trading, has decided to develop both its online and offline businesses and is bringing back several veteran former employees.
Former Huawei self-driving team leader joins Zeekr - CnEVPost Chen Qi is one of the pioneers of Huawei's automotive business, but doesn't share the tech giant's insistence on not building cars.
Huawei's automotive partner Sokon sold 4,976 NEVs in October, up 124% year-on-year - CnEVPost Huawei is reportedly partnering with Sokon to create a model called Aotu, which will feature a full suite of Huawei's smart car solutions.
Xiaomi's offline stores already gearing up to sell cars - CnEVPost Xiaomi's chairman Lei Jun said last month that Xiaomi's first car is expected to be mass-produced in the first half of 2024.