Weekly newsletter of cnEVpost - Issue #1
Here's what's happened in China's electric vehicle industry over the past week.
NIO's William Li says high market cap puts more pressure on the EV maker than 2019 - cnEVpost NIO shares rose 1,286 percent the past year to a current market capitalization of $91 billion, crossing Daimler as the fifth-highest market capitalization car company in the world.
Morgan Stanley raises NIO price target by 142% to $80 - cnEVpost Morgan Stanley raised its outlook for China's electric vehicle market and is bullish on the performance of the country's electric vehicle trio.
Morgan Stanley initiates coverage of XPeng with Overweight rating and $70 price target - cnEVpost The analyst is bullish on XPeng's long-term growth prospects in China's electric vehicle market, where it has taken first-mover action in developing the full range of in-vehicle and autonomous driving systems.
Faraday Future announces Nasdaq listing through merger with PSAC - cnEVpost At a subscription price of $10.00 per PIPE share, the transaction indicates an implied equity value of $3.4 billion for the combined company.
XPeng establishes new financial and insurance services company - cnEVpost Chinese electric vehicle company XPeng Motors has set up a new company in Tianjin to provide financial and insurance services, local media reported.
NIO, XPeng, Li Auto stocks plunge amid broader pre-market sell-off - cnEVpost After Wednesday's selloff, China's electric car trio -- NIO, XPeng Motors, and Li Auto -- continued to plunge in pre-market trading on Thursday.
CATL to launch new battery technology called 'Cell to Chassis' around 2025 - cnEVpost Under the CTC battery technology, the electric cell can be integrated directly into the chassis, achieving a higher degree of integration.
Tesla to increase production capacity at Shanghai factory to 450,000 units this year - cnEVpost It's worth noting that Tesla's Shanghai factory had a capacity of only 150,000 units per year last year.
Buffett-backed BYD reportedly plans to launch premium new energy vehicle brand in 2022 - cnEVpost Warren Buffett-backed Chinese electric car company BYD plans to launch a separate premium new energy vehicle brand in 2022, with products based on a new platform and a separate dealer network, according to Yicai.com.
Chinese e-bike maker soars 350 percent on NASDAQ debut - cnEVpost Chinese e-bike maker EZGO Technologies jumped 352.75 percent on its first day of trading on the NASDAQ on Tuesday, triggering three meltdowns.
XPeng releases Xmart OS v2.5.0, brings public beta of NGP navigation assisted driving feature - cnEVpost When NGP is turned on, the vehicle's large screen will display a 360° view of the vehicle's surroundings with environmental simulation, speed limit instructions, and alerts of nearby construction, allowing drivers to grasp the vehicle's surroundings in real-time.
Shanghai to add 10,000 public charging piles in 2021 - cnEVpost Shanghai will add 10,000 public charging piles, 15 cab charging demonstration stations and 10 shared charging pile demonstration communities in 2021, according to a plan released today.
Huawei files new patent for vehicle powertrain - cnEVpost On January 22, Chinese technology giant Huawei applied a new patent for "reducer, powertrain and vehicle", according to data provider Qichacha.
NIO releases NIO OS 2.9.0, featuring parking assist and summoning - cnEVpost Chinese EV maker NIO released NIO OS 2.9.0 on January 25, pushing it in batches via FOTA to ES8, ES6 and EC6 vehicles with version 2.7.0 and above.
Chinese geek converts Li ONE into a ...... 'tank' - cnEVpost Chinese EV maker Li Auto's only model, the Li ONE, is positioned as a comfortable family car, but one Chinese geek has transformed it into a "tank".
XPeng expected to achieve explosive sales growth in Jan, says CPCA secretary-general - cnEVpost XPeng's production reached 7,092 units in December, beating NIO's 7,007. This also indicates that XPeng "has a strong production capacity and will certainly achieve an explosive sales growth in January".