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CnEVPost Newsletter: NIO, XPeng, Li Auto mull HK listings; Deutsche Bank lowers XPeng price target
NIO, XPeng, Li Auto mull HK listings this year, Reuters reports - CnEVPost — cnevpost.com They each aim to sell at least 5% of their enlarged share capital in Hong Kong. Based on their New York market capitalization on Monday, proceeds could total around $5 billion.
NIO discloses patent related to wireless charging - CnEVPost — cnevpost.com The patent, filed on April 27, 2017, relates to a wireless charging device and a method for switching its coils.
Deutsche Bank lowers XPeng price target by $7 to $48 - CnEVPost — cnevpost.com Deutsche Bank analysts reduced their price target on XPeng Motors by $7 to $48, mostly to account for downward re-rating in the peer group.
This may be what XPeng's lower priced sedan looks like - CnEVPost — cnevpost.com XPeng Motors' lower-priced sedan, likely to be called the P5, features XPeng's signature design at the front and rear with hidden door handles, a camouflaged spy image showed.
XPeng P7 used for display loses control, crashes into mall booth - CnEVPost — cnevpost.com An XPeng P7 sedan used for display by Chinese electric car maker XPeng Motors appeared to lose control and crashed into a mall booth Sunday after backing up quickly for about 50 meters, according to local media.
Li Auto offers performance-based option incentives to CEO, similar to Tesla - CnEVPost — cnevpost.com Li Auto, taking a page from Tesla, is giving its chairman and CEO Li Xiang options to purchase 108,557,400 Class B ordinary shares based on his performances.
GAC Aion sells 3,239 units in February, down 56% from January - CnEVPost — cnevpost.com GAC Aion, GAC Group's electric vehicle brand, sold 3,239 units in February, down 56 percent from 7,356 units in January, according to data released by the group on March 8.
Huawei, GAC Aion reportedly develop next-gen smart EVs - CnEVPost — cnevpost.com Chinese tech giant Huawei will jointly develop next-generation smart electric vehicles with GAC Aion, with each side investing more than 100 people in R&D teams, local media reported.
China auto industry's chip supply disruption risk to melt away, association says - CnEVPost — cnevpost.com The CPCA believes that the shortage of production of passenger cars due to chip shortages does not amount to direct losses.
China's most popular EV sells 17,307 units in February, down 53 % from January - CnEVPost — cnevpost.com China's hottest-selling model, the Hongguang Mini EV, sold 17,307 units in February, down 53 percent from January.