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CnEVPost Newsletter: Guosen Securities gives NIO Overweight rating; Deutsche Bank says XPeng sell-off overdone
Guosen Securities initiates coverage on NIO with Overweight rating - CnEVPost — cnevpost.com The analyst expects NIO to post a net loss of 7.3 billion yuan this year, a loss of RMB 4.4 billion next year, and a profit of RMB 800 million in 2024.
NIO provides charging service for EVs at Boao Forum venue - CnEVPost Many NEVs are used in the venue of the forum, and the mobile charging vehicles in NIO Power's energy replenishment system provide energy security for the event.
NIO reaches strategic partnership with WWF on protecting national parks - CnEVPost The WWF will be one of the co-sponsors of NIO's Clean Parks initiative to protect nature reserves in China and around the world.
XPeng sell-off overdone, says Deutsche Bank - CnEVPost Edison Yu's team believes XPeng will see the biggest negative impact in deliveries in April, with deliveries only returning to closer to normal levels by June.
ARK's Cathie Wood buys more XPeng shares - CnEVPost ARK Invest sold 93,160 shares of Tesla on Thursday and bought more shares of XPeng as well as another Chinese company, Niu Technologies.
17 firms, including Li Auto, added to SEC list for possible delisting - CnEVPost The 17 companies are the fifth to be added to the list, and they have until May 12 to provide evidence to the SEC that they are not eligible for delisting.
Li Auto responds to being placed on SEC's list for possible delisting - CnEVPost Li Auto said that inclusion on the list is not equivalent to delisting from the US and that it will not have any impact on the company's actual business operations.
Li Auto included in Shanghai-Hong Kong stock connect - CnEVPost The mainland-Hong Kong stock connect includes two channels, Shenzhen and Shanghai, and Li Auto's shares traded in Hong Kong were included in the Shenzhen channel last month.
BYD announces buyback plan for its shares traded in China's A-share market - CnEVPost BYD plans to buy back shares worth RMB 1.8 billion to RMB 1.85 billion for its employee stock ownership plan.
Tesla says its Supercharger network covers all cities in Shanxi, north China - CnEVPost To date, Tesla has 14 Supercharger stations in Shanxi province, including 79 charging piles.
CATL plans to build new $2 billion battery plant in Xiamen - CnEVPost CATL supplied RMB 13 billion worth of power batteries to Tesla last year.
Zeekr announces price increase plan, says it has done its best to absorb cost pressures - CnEVPost Consumers who purchase the Zeekr 001 YOU version after May 1 will face a cost of RMB 20,500 higher than those who purchase it currently.