CnEVPost Newsletter: NIO hits all-time high in Hong Kong; CICC raises price target on XPeng

NIO up over 5% to all-time high in Hong Kong, while XPeng and Li Auto fall - CnEVPost — cnevpost.com As of press time, NIO is up 4.3 percent to HK$196.6, surpassing its previous all-time high of HK$196.

CICC raises price target on XPeng, says EV maker undervalued in four fronts - CnEVPost CICC raised its price target on XPeng to $45, saying the pace of the City NGP launch is expected to be a core catalyst for its share price rise.

Central China's Wuhan becomes latest city to boost NEV consumption - CnEVPost Consumers with Wuhan license plates who transfer or scrap their old vehicles and purchase NEVs will each receive a subsidy of at least 5,000 yuan ($750) over the course of their use of the vehicle.

Self-driving chip maker Horizon Robotics gets strategic investment from FAW - CnEVPost In May, FAW's Hongqi brand confirmed that it will use Horizon Robotics' chips in a new model.

Qihoo 360 backtracks on investment in Neta - CnEVPost Qihoo 360 said the move is to optimize Neta's shareholding structure and improve its corporate governance.

Tianqi Lithium signs deal to supply lithium hydroxide to LG Chem - CnEVPost A subsidiary of Tianqi Lithium has signed an agreement with LG Chem to sell lithium hydroxide to the latter from January 1, 2023 to December 31, 2026.

Tencent aims to use its cloud technology to help automakers build cars, restrains from jumping on car-making bandwagon - CnEVPost Tencent will provide the auto industry with a low-threshold, customized platform and tools to make the cloud the new productivity of smart cars, one executive said.

Alibaba gets license for L4 self-driving truck road tests - CnEVPost Deqing in Zhejiang has become the first in China to issue a license allowing companies to conduct public road tests of L4 self-driving trucks without safety officers, with Alibaba receiving one of the first 2 licenses.