CnEVPost Newsletter: Mizuho initiates coverage on NIO with Buy rating, $60 price target

Mizuho initiates coverage on NIO with Buy rating, $60 price target - CnEVPost — cnevpost.com The analyst said NIO "is a leader and innovator in the premium automotive EV segment; it is domiciled in China, the largest and most prolific EV market globally."

XPeng establishes new firm with business scope including battery swap facility sales - CnEVPost — cnevpost.com XPeng's models have non-removable batteries, but the company launched a similar battery rental program similar to NIO after the latter launched its iconic BaaS battery leasing service in August last year.

Tesla Shanghai Gigafactory completes project that will boost Model 3 production capacity - CnEVPost — cnevpost.com The completion and start of commissioning of the Phase A project means Tesla's Model 3 production capacity at the Shanghai Gigafactory will begin to ramp up.

SAIC Roewe considers battery swap-enabled models for mass market - CnEVPost — cnevpost.com In addition to offering battery swap-enabled models for the cab market, SAIC Roewe is also considering offering such models for the average consumer, providing a new endorsement for a model strongly advocated by NIO.

GAC Aion launches its own battery technology, becoming another carmaker after BYD to do so - CnEVPost — cnevpost.com GAC Aion, a Chinese new energy vehicle manufacturer, launched a new battery technology called magazine batteries on March 10, becoming another car company that produces its own batteries after BYD.

China's February NEV sales up 584.7% year-on-year - CnEVPost — cnevpost.com Sales of pure electric vehicles in February were 92,000 units, up 580.0% year-on-year.

Chip shortage affects about 5-10% of China's Q1 auto production, association says - CnEVPost — cnevpost.com Chip shortages are a major challenge for China's auto industry today, but their impact is limited and expected to ease soon, according to an industry association.

China's power battery production up 948% year-on-year in February - CnEVPost — cnevpost.com Ternary battery production in February was 5.1 GWh, accounting for 54.2 percent of the total, up 1,006.5 percent year-on-year and down 25.2 percent from January.

China to further strengthen quality supervision of NEV industry - CnEVPost — cnevpost.com China will further strengthen quality supervision of new energy vehicles to promote the industry's development with higher quality, according to the official Chinese media Xinhua News Agency.