CnEVPost Newsletter: NIO debuts in Hong Kong stock market; BYD chairman meets with NIO's William Li
NIO shares close basically flat in Hong Kong debut - CnEVPost — cnevpost.com NIO rose about 6 percent to an intra-day high of HK$169.50 at one point in early trading in Hong Kong today, but the gains narrowed after that.
NIO successfully listed in Hong Kong, opening at HK$160 - CnEVPost NIO will continue to make innovations in technologies, bring superior products and experiences to its users, and create long-term value for investors, said William Li.
BYD Chairman Wang Chuanfu spotted visiting NIO House, meeting with William Li - CnEVPost BYD Chairman Wang Chuanfu was seen visiting an NIO House campus and walking with William Li, sparking new rumors of a possible partnership between the two.
NIO ET7 test drive: A comfortable luxury sedan that also allows for intense driving - CnEVPost The NIO ET7 is a luxury sedan that will compete with the BMW 5 Series and Mercedes-Benz E-Class models, but if users want to have fun driving, it delivers.
XPeng starts reservations for P5 sedan in four European countries, opens first store in Netherlands - CnEVPost Consumers in Denmark, the Netherlands, Norway and Sweden can now begin pre-ordering the P5 sedan, with customers in the Netherlands being able to test drive the model starting in April.
Tesla hikes prices of Model 3 and Model Y in China after extended wait times - CnEVPost Tesla extended delivery dates for some of its models in China last week, and the recent spike in nickel prices has put all EV makers at risk of increased costs.
Tesla Model Y outsells rival models of Benz, BMW and Audi in Feb to become top-selling premium SUV in China - CnEVPost The Model Y trailed the Mercedes-Benz GLC, BMW X3 and Audi Q5 in China in January, but sold about twice as many units as each of them in February.
BYD reportedly to launch Destroyer 05, first sedan in its Ocean series, on March 17 - CnEVPost The BYD Destroyer 05 could be priced between RMB 120,000 ($19,000) - 150,000, according to local media.
WM Motor delivers 3,311 vehicles in Feb, up 310% year-on-year - CnEVPost WM Motor did not release delivery figures for most months last year, and this January's deliveries are so far unknown.
GAC Aion begins construction of pilot battery production line - CnEVPost The project, which includes the entire production process from paste preparation to the battery pack, is expected to be completed by the end of this year.
Baidu invests in XPeng-backed LiDAR maker Zvision - CnEVPost XPeng is Zvision's sixth-largest shareholder with a 5.77356 percent stake. Baidu is the ninth-largest shareholder with a 5.00001 percent stake.