CnEVPost Newsletter: Wall Street analysts reaffirm positive views on NIO, refute short-selling allegations

Wall Street analysts reaffirm positive views on NIO, refute short-selling allegations - CnEVPost — cnevpost.com Morgan Stanley sees NIO shares rising in the next 15 days, and Daiwa advises investors to accumulate NIO shares on any weakness.

NIO rebounds in Hong Kong morning trade after Wednesday's big drop - CnEVPost NIO is up 3.26 percent in Hong Kong as of this writing. It closed down 11.26 percent in Hong Kong yesterday, the biggest one-day drop since May 6.

NIO adds wearable device sales to its range of business - CnEVPost The move appears to be in preparation for the start of sales of VR/AR glasses as part of NIO's efforts to provide users with a better smart cockpit experience.

Li Auto CEO sees German luxury automakers' SUV prices in China dropping sharply within two years - CnEVPost By the end of 2024 at the latest, the main models of BBA's locally produced medium-to-large SUVs will be selling for less than RMB 500,000, he said.

BYD's new plant in Hefei sees first vehicles roll off line - CnEVPost This is BYD's sixth production site in China and currently produces the Qin Plus DM-i and core components including the engine and motor.

Changan to suspend taking orders for hot-selling Benben EV from July 1 amid rising raw material prices - CnEVPost Changan EV becomes the latest after Ora to stop taking orders for its low-priced hot-selling model as raw material prices continue to rise.

Evergrande's first model to start pre-sales in July and deliveries in October, report says - CnEVPost The pre-sale price of the Hengchi 5 has not been fully determined and is expected to be around RMB 200,000 yuan ($29,880), with the first production run of about 10,000 units, according to local media.

Mercedes-Benz allows Chinese EQS owners to upgrade their vehicles' rear-wheel steering system, but they need to subscribe on annual basis - CnEVPost Entry-level EQS owners can have their car's active rear-wheel steering angle increased from 4.5° to 10° after the upgrade, thereby reducing the turning diameter.