CnEVPost Newsletter: NIO's Q2 earnings; Li Auto's HK debut
NIO's Q2 revenue reaches $1.3 billion, beating expectations - CnEVPost — cnevpost.com NIO reported Q2 revenue of RMB 8.45 billion ($1.3 billion), beating analysts' estimates of RMB 8.29 billion and coming close to the upper end of its guidance.
Deutsche Bank's first look on NIO Q2 earnings: Lower gross margin likely due to higher supply chain inefficiencies - CnEVPost NIO reported Q2 earnings earlier today that exceeded Wall Street's expectations, and Deutsche Bank analyst Edison Yu's team released their initial take.
NIO's Q2 earnings call: Here's everything you need to know - CnEVPost NIO reported its second-quarter earnings on Thursday Beijing Time and held an analyst call to unveil some key plans for the future.
NIO aims to deliver three new products in 2022 - CnEVPost NIO aims to deliver three products based on NIO Technology Platform 2.0 in 2022, including its flagship sedan, the ET7.
NIO confirms it will enter mass market via new brand - CnEVPost Preparations for NIO's entry into the mass market have been accelerated, and the company will enter the mass market through a new brand, said William Li.
NIO to launch lower-priced model next year - CnEVPost NIO will launch a lower-priced model next year, but will still maintain its premium positioning, William Li, founder, chairman and chief executive officer
NIO's William Li visited SAIC-GM-Wuling, maker of Mini EV - CnEVPost William Li, the founder, chairman, and CEO of NIO, recently visited SAIC-GM-Wuling, the maker of China's best-selling electric vehicle, the Mini EV.
Li Auto makes lackluster HK debut - CnEVPost Li Auto followed in the footsteps of XPeng in listing in Hong Kong, though the pricing does not appear to be attractive to investors.
Li Auto says HK financing to be used for capacity expansion and charging facilities - CnEVPost Li Auto will focus on electric drive technology and the development of next-generation extended-range technology and 400kW high-speed charging technology.
Li Auto examining possibility of returning to China's A-share market, says president - CnEVPost Li Auto president Shen Yannan said in an interview that the company is internally examining the possibility of returning to China's A-share market.
Goldman Sachs gives Li Auto's H-shares initial rating of "Buy" with target price of HK$240 - CnEVPost This represents a 103 percent upside compared to Li Auto's offering price of HK$118.
Li Auto reportedly considering European production site - CnEVPost Li Auto is considering the possibility of building an offshore production site to serve as a stepping stone for its entry into the global market, the SCMP reported.
Analysts give BYD target valuation of RMB 1.5 trillion - CnEVPost Following analysts' claims not long ago that BYD would move toward a market capitalization of RMB 1 trillion, there is now a more optimistic team.
Carmakers, including Geely and WM Motor, call for regulating flow of used EV batteries - CnEVPost Car companies including Geely, WM Motor, Hozon Auto and Leap Motor have joined with battery companies to issue a statement calling for regulating the flow of used electric vehicle batteries.
Central China's Wuhan trying to get Xiaomi to locate its car-making operations there - CnEVPost While Xiaomi has announced its entry into the car-making field, the city where the business will be housed remains undetermined, making it a target of competition from Chinese cities.
Chinese EV startup Aiways said to be considering US IPO as soon as this year - CnEVPost Aiways is working with underwriters to prepare for the IPO, which could raise about $300 million.
China's LFP battery installation exceeds ternary battery for first time this year - CnEVPost The installed base of lithium iron phosphate batteries rose 235.5 percent in July, compared with a 67.5 percent increase for ternary batteries.
China steps up regulation of smart car industry - CnEVPost As the smart car industry grows rapidly, China is also accelerating its regulatory policies.