CnEVPost Newsletter: NIO launches hiring spree; XPeng confirms imminent price hikes

NIO launches new hiring spree, says 'times are calling' - CnEVPost — cnevpost.com In its job ad, NIO cited several epochal moments from the past, including the birth of the steam engine, the electric light, the automobile, the computer and the Internet.

Northeast Securities initiates coverage on NIO with 'Buy' rating - CnEVPost The team gave NIO shares traded in Hong Kong a six-month price target of HK$200 ($25.6), implying a 38 percent upside.

Smartphone giant Honor's CEO says welcome to NIO's rumored phone-making plans - CnEVPost Honor's CEO said new players are welcome and that the mobile industry needs fresh blood.

XPeng confirms imminent price hikes of up to $3,140 due to rising raw material prices - CnEVPost XPeng has announced that it will increase the pre-subsidized price of its current models by RMB 10,100 to RMB 20,000 ($3,140) due to continued significant increases in raw material prices.

Tesla asks owners who buy multiple vehicles in China to promise not to resell them within a year - CnEVPost Extended delivery times and rising prices in China have led some to see an opportunity to resell Tesla vehicles at a profit.

Tesla's Shanghai plant resumes production after two-day shutdown, report says - CnEVPost Giga Shanghai restarted its double-shift production at 7 am local time, after workers were required to undergo Covid-19 testing.

China's EV trio opens mixed in HK, NIO up nearly 7%, XPeng and Li Auto down over 2% - CnEVPost NIO opened up 6.9 percent, while XPeng fell 2.51 percent and Li Auto dropped 2.48 percent.

Leap Motor files for Hong Kong IPO, aims to launch eight new models by 2025 - CnEVPost Leap Motor plans to launch 1-3 new models each year in the next few years and a total of eight new models covering sedans, SUVs and MPVs by the end of 2025.

Neta becomes latest Chinese EV maker to raise prices - CnEVPost Neta, which sells most of its models for less than RMB 100,000, has raised the prices of its available models by RMB 3,000-5,000.

Honda's first EV model in China, e:NS1, opens for pre-orders with prices starting at around $28,300 - CnEVPost Dongfeng Honda is offering two versions of the e:NS1 with ranges of 420 km and 510 km, respectively, and a pre-sale price range of RMB 180,000 to 210,000.