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CnEVPost Newsletter: Deutsche Bank raises XPeng price target; BYD rumored to get battery orders from Tesla
Deutsche Bank ups XPeng price target to $57, raises expectations for next year's deliveries to 190k - CnEVPost — cnevpost.com Edison Yu's team believes that the biggest overhang on the stock is investor caution on Chinese ADRs, but that sentiment could bottom out heading into year-end.
BYD reportedly has secured 10 GWh of LFP battery orders from Tesla - CnEVPost Tesla said it is switching to LFP batteries for standard range vehicles globally, and BYD, which already has a factory in the US, has a better chance of winning as a supplier.
NIO says swap station facing demolition will be relocated and rebuilt - CnEVPost NIO says its charging and battery swap network construction will be incorporated into the overall plan for construction in the area.
NIO says swap station facing demolition because of 'information gap' - CnEVPost An NIO executive says the company is actively communicating with local authorities and has pledged to invest more in the area.
Tesla posts record Q3 earnings amid global supply chain disruptions - CnEVPost Tesla's revenue exceeded $10 billion for the fourth consecutive quarter and net income exceeded $1 billion for the second consecutive quarter.
Tesla to see its 1,000th Supercharger station in Chinese mainland this Friday - CnEVPost China-made Tesla vehicles sold 52,153 retail units in China in September.
Bosch China exec visits Jidu Auto, possibly for talks on 2023 chip capacity bookings, report says - CnEVPost Bosch China President Chen Yudong said earlier this month that shortages of automotive chips will become the norm, the problem is just the extent.
Mercedes-Benz EQA, EQB open for pre-order in China, prices start at around $58,000 - CnEVPost The Mercedes-Benz EQC registered 3,472 units in China from January to July, compared to 49,155 units for the NIO in the same period.
SAIC-VW ID.4 X and ID.6 X get limited-time price cuts - CnEVPost All SAIC-VW's ID.4 X models have been reduced in price by RMB 24,000 ($3,750), and the ID.6 models have been reduced by RMB 31,000.