CnEVPost Newsletter: Deutsche Bank updates Catalyst Call on NIO; ET7 reservations expected in mid-Jan

Deutsche Bank updates Catalyst Call on NIO, says investor sentiment should be close to bottoming - CnEVPost — cnevpost.com Edison Yu's team believes investor sentiment should be close to bottoming for several reasons.

Formal reservations for NIO ET7 expected to open in mid-January - CnEVPost The NIO ET7 will initially be delivered at a rate of a few hundred units per month, with capacity ramp-up taking 2-3 months.

Exclusive: NIO's 150-kWh pack supplier could be Gotion High-Tech - CnEVPost NIO's 150 kWh pack supplier may be Gotion High-Tech, which is located in the same central Hefei city as NIO's plant.

NIO completes at-the-market share offering, raises about $2 billion - CnEVPost This is higher than the $1.8 billion raised by XPeng in its Hong Kong listing and the $1.5 billion raised by Li Auto in Hong Kong.

NIO completes relocation of swap station that faced demolition - CnEVPost The battery swap station has been relocated to an ancient building called the Bojin Building, near an upscale neighborhood and office spaces.

Shanghai-listed firm plans to acquire provider of delivery services to NIO - CnEVPost West Shanghai plans to acquire Shanghai Xingding, which operates NIO's delivery center in Shanghai.

Qingdao official explains why NIO ES6s chosen as police cars - CnEVPost It takes at least 40 minutes to charge an ordinary EV to 80 percent, and only vehicles that support battery swap can meet the all-day patrol needs of police cars.

Daiwa Securities raises price target on BYD's HK shares from HK$382 to HK$435 - CnEVPost Daiwa Securities is bullish on BYD's strong new energy vehicle new product pipeline and reliable external battery shipment outlook.

Musk says Model S Plaid could come to China around March next year - CnEVPost The Model S Plaid is priced at RMB 1,059,990 ($166,000) in China, about 4.2 times the price of the entry-level China-made Model 3.

CATL overtakes China's biggest bank to become 2nd largest firm in A-share market - CnEVPost Investors expect CATL to be included in the CSI 300 Index, pushing it up 6.57 percent to a new all-time high of RMB 681.

Gotion High-Tech signs deal to supply at least 10 GWh of cells to Great Wall Motor's parts unit over next four years - CnEVPost Gotion High-Tech will supply no less than 2.5 GWh of cells to Great Wall Motor's parts subsidiary in 2022.

OPPO reportedly plans to launch EVs in India by early 2024 - CnEVPost OPPO's plans to launch EVs in India are real and the company has already started the planning process for this, according to Indian media.

China's car ownership expected to exceed 300 million by year-end - CnEVPost China's vehicle ownership reached 297 million by the end of September and is expected to exceed 300 million by the end of the year, a CAAM official said.

SAIC Audi exec expects 40% of luxury car market to be EVs by 2025 - CnEVPost Audi believes that by 2030, sales of EVs could reach 2 million units in the high-end luxury car market.