CnEVPost Newsletter: XPeng earnings beat; Citi says NIO stock oversold
XPeng Q3 revenue up 187% year-on-year to $888 million, beating expectations - CnEVPost — cnevpost.com XPeng's guidance for fourth-quarter deliveries was 34,500-36,500 units, which implies it could deliver a total of 24,362-26,362 units in November and December.
How to understand XPeng's Q3 earnings? Here's Deutsche Bank's first look - CnEVPost December can at least come close to hitting the 15,000 target XPeng management had previously laid out for peak 4Q monthly volume.
XPeng will explore the Robotaxi business in the second half of 2022, and deliveries of the G9 SUV will begin in the third quarter of next year.
Citi says NIO stock oversold, maintains $87 price target - CnEVPost NIO has a strong product cycle in 2022, including three new models and three face-lifts to be launched, Citi said.
NIO signs strategic co-op deal with highway service area operator in Guangdong - CnEVPost NIO has signed a strategic partnership agreement with Guangdong Tongyi, which operates 352 service areas.
NIO opens charging line in northernmost part of China under Power Up Plan - CnEVPost The line begins in Harbin and ends up in Mohe Arctic Village, the northernmost location in China.
Soochow Securities initiates coverage of Li Auto with Buy rating - CnEVPost Soochow Securities believes Li Auto's unique product positioning should allow it to enjoy a higher valuation premium than its peers.
Tesla says deliveries of Model Y Performance in China will begin soon - CnEVPost The Model Y Performance is priced at RMB 387,900 ($60,750) in China, which is RMB 111,900 more than the price of the entry-level Model Y.
Volkswagen offers NIO-like 'battery rental' program for ID.3 buyers in China - CnEVPost The ID.3 does not support easy battery replacement like NIO's vehicles.
Great Wall Motor opens European headquarters in Germany - CnEVPost Great Wall Motor plans to open experience centers in Munich and Berlin in 2022, and its WEY Coffee 01 and ORA Cat models will soon be available for pre-order.