CnEVPost Newsletter: NIO gets price target lift from CITIC Securities

CITIC Securities raises NIO price target from $45 to $51 - CnEVPost — cnevpost.com The team expects NIO's revenue to reach RMB 66.7 billion in 2022, up from its previous forecast of RMB 59.8 billion.

NIO partners with Dolby, ET7 to come standard with Dolby Atmos - CnEVPost The NIO ET7 will be available in showrooms around Chinese New Year, with deliveries to begin in the first quarter of next year.

NIO to showcase ET7 at NIO House in Shenzhen on Nov 19 - CnEVPost NIO plans to have the ET7 available in showrooms around the Chinese New Year, but users may have a chance to see it in some showrooms before then.

XPeng added 111 supercharging stations in Oct, bringing total to 550 - CnEVPost To date, XPeng has 550 supercharging stations and 129 destination charging stations.

Li Auto sees 100,000th vehicle delivered today - CnEVPost This means that as of November 16, Li Auto had delivered 3,484 units for the month.

Tesla surpasses 8,000 Superchargers in Chinese mainland - CnEVPost Tesla has opened more than 1,000 Supercharger stations in the Chinese mainland with more than 8,000 Superchargers.

BYD to unveil first sedan of Ocean series at Guangzhou auto show - CnEVPost A model called "BYD Destroyer 05" has been circulating on the Chinese Internet, and it appears to be BYD's upcoming model.

CATL reportedly sets up branch in South Korea for Hyundai Motor - CnEVPost CATL may have set up the subsidiary to support Hyundai in supplying its lithium iron phosphate technology.

Faraday Future delays Q3 earnings report amid internal review of short-seller allegations - CnEVPost Faraday Future has formed a special committee to review allegations of inaccurate disclosures.

Former NIO, Ford exec Zhu Jiang joins Baidu's car-making arm Jidu Auto - CnEVPost Zhu joined NIO in 2017 as vice president of user development. He joined Ford China on June 1, 2020 and get the Mustang Mach-E launched in China.

Geely's Lotus, self-driving unicorn Momenta set up joint venture - CnEVPost The company is the first joint venture between a carmaker and an autonomous driving firm in China, and will be a supplier of autonomous driving solutions to Lotus.

The Avatr confusion - CnEVPost Avatr brought a lot of empty and confusing statements to the launch of its first model, revealing its essential lack of confidence.

Chinese EV startup Aiways enters Spanish, Portuguese markets - CnEVPost Aiways plans to release a new model in Europe every year, and its U6 SUV will be available in Europe in 2022.