CnEVPost Newsletter: Li Auto CEO praises NIO ET7; Tesla owner released from detention

Li Auto CEO says NIO ET7 one of the best EVs in Shanghai auto show - CnEVPost — cnevpost.com As the founder and CEO of Chinese electric car company Li Auto, Li Xiang doesn't seem to shy away from praising the excellent products of his competitors.

CLSA initiates coverage on NIO with Buy rating and $50 price target - CnEVPost CLSA analyst Soobin Park initiated coverage on NIO with a Buy rating and a $50 price target, implying a 26 percent upside for the stock from Thursday's close of $39.57.

XPeng wants to do something different with its P7 Wing edition, and now it has a copycat - CnEVPost The P7 Wing edition, unveiled by Chinese electric car company XPeng Motors at the Guangzhou auto show last November, is a welcome daring attempt to bring the scissor doors previously reserved for supercars to a civilian car.

Jidu Auto plans to expand its team to up to 3,000 people by end of next year - CnEVPost Jidu Auto, the car-making unit of Chinese search engine and AI giant Baidu, plans to expand its team size to 2,500-3,000 people by the end of next year, including 400-500 software engineers.

Tesla owner complaining about brake failure at Shanghai auto show released after five days in detention - CnEVPost The female Tesla owner who climbed on top of a Model 3 at the Shanghai Auto Show to complain about faulty brakes was released from a five-day detention on Sunday.

Tesla involved in yet another crash that injured 4 people - CnEVPost The recent negative news about Tesla seems to have no tendency to stop.

Brand that showcased Huawei's self-driving capabilities sees its first Supercharger station go into operation - CnEVPost Arcfox, the BAIC-owned EV brand that recently showcased Huawei's amazing autonomous driving capabilities, saw its first exclusive Supercharger station go into operation in Beijing.