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CnEVPost Newsletter: EV stocks soar in Hong Kong
EV stocks soar in Hong Kong: XPeng up 26%, NIO up 18% - CnEVPost — cnevpost.com Hong Kong stocks rose overall, with the Hang Seng Index up 5.8 percent and the Hang Seng Tech Index up 8.2 percent.
US audit officials complete 1st round of on-site inspections of Chinese firms ahead of schedule, report says - CnEVPost US audit inspectors completed the first round of on-site inspections of Chinese companies ahead of schedule, signaling progress in the process of preventing the delisting of shares of US-listed Chinese companies, Bloomberg reported.
Covid disruptions cost NIO 7,000 units of production in Oct, report says - CnEVPost Covid disruptions caused NIO to lose about 7,000 units of EV production and about 5,000 units of deliveries, according to Bloomberg.
XPeng raises $134 million through ABS issuance in Shanghai - CnEVPost This is XPeng's second ABS offering in the domestic capital market, further diversifying its direct financing channels on China's two major exchanges.
Berkshire further cuts its position in BYD by 3.3 million shares - CnEVPost Berkshire sold these shares on November 1 to cash out HK$560 million, reducing its stake in BYD to 17.92 percent.
GAC Aion unveils its 3rd-gen EV platform AEP 3.0 - CnEVPost The first model based on the platform will be the previously announced Hyper SSR all-electric supercar, which will begin deliveries in October 2023.
Guangzhou auto show postponed amid Covid concerns - CnEVPost In the meantime, the Tianjin auto show will be held from November 10 to November 15 as planned.