CnEVPost Newsletter: NIO sees new delivery milestone, upgraded analyst rating

NIO's total deliveries reach 200,000 units - CnEVPost — cnevpost.com This means NIO has delivered 2,088 vehicles so far in May, when supply chain challenges remain tough.

NIO reaches 500 total deliveries in Norway - CnEVPost NIO opened the first local NIO Service Center in Norway on May 12.

BofA upgrades rating on NIO from Neutral to Buy - CnEVPost BofA raised its price target on NIO from $25 to $26, believing negative factors seen are priced in.

EV stocks soar in Hong Kong: NIO up 6%, XPeng up 8% - CnEVPost China is ramping up its economic stimulus, and the Covid situation in Shanghai is showing a significant improvement.

Bridgewater doubles bets on NIO, XPeng, Li Auto in Q1 - CnEVPost The world's largest hedge fund increased its stake in NIO by more than 70 percent in the first quarter, and doubled its stakes in both XPeng and Li Auto.

George Soros fund buys assets issued by NIO in Q1 - CnEVPost As of March 31, Soros' investment funds held 101,796,000 shares of NIO's assets classified as "NOTE" for a total value of $84.36 million.

BYD to start pre-sale of Seal in China on May 20 - CnEVPost BYD will unveil its CTB (cell to body) battery technology on May 20, and the Seal is expected to be the first model to use the technology.

Tesla recalls 107,293 vehicles in China, will offer fixes via OTA - CnEVPost Some vehicles may face slowed operation of the central processor and sluggish display of the central touch display when preparing for or during DC fast charging.

Tesla reportedly postpones plan to restore production at Shanghai plant to pre-lockdown levels - CnEVPost For Tesla, doubling the number of workers living near the production line to maintain "closed-loop" operations remains a challenge, according to a Reuters report.

Tesla exports another shipment of over 4,000 vehicles from Shanghai plant - CnEVPost This is Tesla China's second vehicle export this week after exporting 4,767 vehicles from its Shanghai plant on May 11.

XPeng to offer new color options for G3i SUV on May 20 - CnEVPost XPeng is trying to add new appeal to the G3i to gain more popularity with younger customers.

WM Motor delivers 3,309 vehicles in April, down 40% from March - CnEVPost Supply chains across China are in disruption because of the Covid outbreak, and WM Motor's manufacturing sites in Wenzhou and Huanggang have inevitably been affected, it said.

Porsche recalls 6,072 Taycan EVs in China - CnEVPost Some of the vehicles may have rear seat belt latch harnesses that are not properly wired, resulting in child seats not being properly installed in the rear right seat.

Jidu to unveil robot car concept on June 8 - CnEVPost Jidu said its robot car design is inspired by spaceships, with advanced self-driving capabilities and an ultra-intelligent cockpit.

China-led Phoenix Motor sputters with watered down US listing plan - CnEVPost Electric vehicle maker aims to raise $20 million from its Nasdaq IPO, down from a previous $150 million target, which is only enough to fund its operations for a year.

Shanghai aims to have life fully back to normal from Covid in June - CnEVPost Shanghai's next Covid prevention and control will be divided into three phases, with the goal of a full return to normal life and company production order in June.

Shanghai will start phased resumption of businesses from May 16 - CnEVPost Shopping centers, department stores, supermarkets, convenience stores and other commercial outlets will be gradually resuming offline operations in an orderly manner.