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CnEVPost Newsletter: NIO debuts in Singapore stock market; added to Hong Kong's major stock indices
NIO makes its debut on Singapore's stock market - CnEVPost — cnevpost.com "NIO has further strengthened its footing in the global capital markets with Singapore's strategic significance," said William Li, founder, chairman and chief executive officer of NIO.
State paper article says NIO's Singapore listing underscores Chinese automakers' global presence - CnEVPost NIO's listing in three venues creates new possibilities for Chinese automakers to further globalize and turn China into an automotive powerhouse, said the Economic Daily.
NIO added to Hang Seng Composite Index and Hang Seng Tech Index, effective June 13 - CnEVPost NIO rose 9.55 percent by the close of the Hong Kong stock market today, giving it a 34 percent gain since May 13.
Soochow Securities initiates coverage on NIO with Buy rating - CnEVPost As NIO's existing model matrix continues to improve and the sub-brand allows further sales growth, NIO's annual sales are expected to reach 1-million-unit level by 2025, the team said.
XPeng offers two new color options for G3i SUV to increase appeal to young people - CnEVPost XPeng has added a beige and a pink color option for the G3i, saying "these romantic new colors offer endless imagination."
EV stocks rise in Hong Kong after China cuts interest rate - CnEVPost China's central bank today cut its benchmark LPR rate for 5-year and above by 15 basis points to 4.45 percent.
BYD Seal opens for pre-order in China, prices start at about $31,860 - CnEVPost BYD has equipped the Seal with powerful features and offers attractive price tags, making it one of the strongest competitors so far to Tesla's Model 3 in China.
Tesla plans to keep employees at Shanghai plant working in close-loop until mid-June, report says - CnEVPost Tesla is trying to start a second shift at the plant as early as next week so that car production can resume running around the clock once supplies of parts become smoother, according to Bloomberg.
Tesla adds 20 Supercharger stations in Chinese mainland in April - CnEVPost To date, Tesla has opened more than 1,100 Supercharger stations in the Chinese mainland, offering more than 8,600 Superchargers.
Audi Q4 e-tron starts pre-sale in China, prices start from about $44,940 - CnEVPost In addition to the pre-sale of the regular versions, Audi announced the official launch of the pioneer version of the Q4 e-tron, but limited to 520 units.