CnEVPost Newsletter: NIO gets more Buy ratings; Faraday Future gets shorted
Industrial Securities initiates coverage on NIO with Buy rating and $49.5 price target - CnEVPost — cnevpost.com Industrial Securities says NIO is expected to reach new levels of deliveries and profitability is expected to improve significantly as the new vehicle cycle kicks off in 2022.
Goldman Sachs raises NIO rating to Buy, bullish on ET7's potential - CnEVPost Goldman upgraded NIO from Neutral to Buy with an unchanged price target of $56, corresponding to a 65 percent upside.
Analyst says battery swap stations won't put big financial strain on NIO - CnEVPost This analyst said NIO's battery swap stations provide a differentiated experience for customers and will not cause significant financial stress in the short, medium or long term.
NIO BaaS battery swap upcoming disruptor within proven disruptive EV segment - CnEVPost Soon Investment World will realize there is a major disruptive product (BaaS Battery Swap) within its own proven existing EV disruptive product.
NIO says over 36% of users have at least one swap station within 3km radius - CnEVPost NIO added 90 battery swap stations in September, exiting the month with 517. As of October 7, the company's battery swap stations reached 523.
NIO says users have accumulated over 3 billion km of driving - CnEVPost The cumulative carbon reduction contributed by NIO users reached 197,225 tons, equivalent to the carbon emissions that 533,333 square meters of forest helped reduce in a year's time.
CICC says XPeng's strong delivery performance reflects right strategy - CnEVPost CICC maintained its Outperform rating on XPeng and reiterated its HK$215 price target on the company's Hong Kong-traded shares.
Li Auto said to deliver Li ONEs with two radars missing as temporary workaround for chip shortage - CnEVPost Due to increased pressure on chip supply, Li Auto is said to be delivering Li ONEs with two missing radars by December, with additional installations for customers as the part arrives.
Tesla Model 3 Performance in China gets 70 km more range, but there's a catch - CnEVPost Tesla China website has updated the range data of the Model 3 Performance, upgrading it from 605 km to 675 km, but the calculation method has also changed.
WM Motor expects to raise $500 million in new financing - CnEVPost This includes $300 million in Series D1 financing and $200 million in Series D2 financing, which is expected to accelerate the company's overseas IPO.
BYD Han sales hit 10,248 units in Sept, up 82.6 % year-on-year - CnEVPost BYD Han EV sales in September rose 115.1% year-on-year to 7,796 units, while Han DM sales in September rose 23.3% year-on-year to 2,452 units.
Faraday Future named as 'New EV Scam' in short-selling attack - CnEVPost "We don't think Faraday Future (FFIE), an EV SPAC, will ever sell a car. "
Faraday Future dismisses short-selling report as nonsense - CnEVPost "Watch out, J Capital Research. It's not the first time you have made a fool of yourself," Faraday Future founder Jia Yueting wrote in both Chinese and English.
Chongqing Sokon, Huawei's partner in auto sector, sold 3,987 NEVs in Sept, up 83% year-on-year - CnEVPost Chongqing Sokon produced 4,243 NEVs in September, up 114 percent year-on-year.
GAC Aion posts sales of 13,586 units in Sept, up 124% year-on-year - CnEVPost GAC Aion said it received orders for 19,709 units in September, another record high.