Phate Zhang

Chinese EV maker NIO's Q3 revenue rose 146.4% year-on-year to RMB 4.53 billion ($66.6 million), beating market expectations of RMB 4.38 billion.

As of September 30, Hillhouse Capital owned 2,411,000 shares of NIO stock worth $51.17 million.

Chinese investment bank CICC raised its price target on Li Auto by 86% to $40, which corresponds to 28% upside potential in the current share price, and maintained its Outperform rating, citing Li Auto's strong cost control and efficient operations.

At today's OPPO INNO DAY 2020, OPPO announced the launch of a companion diagnostic research platform for the Covid-19.

In the high-end auto market, well-known brands are no longer at the helm of the founders and are in professional manager mode.

OPPO unveiled its second AR Glass concept product, the OPPO AR Glass 2021, at the OPPO INNO DAY 2020 event held today.

OPPO today unveiled the OPPO X 2021 Scroll Screen Concept Phone at the OPPO INNO DAY 2020 event in Shenzhen, featuring a stepless OLED flexible scroll screen measuring 6.7 inches minimum and 7.4 inches maximum.

NIO shares plunged nearly 8% on Friday after being shorted by Citron, but the company's shares rallied more than 2% on Monday and more than 2% in pre-market trading on Tuesday.

Citi raised price target on XPeng (XPEV.US) from $34.70 to $57.71, and maintains "Buy" rating. The bank also raised Li Auto (LI.US) rating from "Neutral" to "Buy" with a price target raised to $45.60 from $27.10.

Huawei said today that it has decided to sell all of the assets of the Honor business to ensure the continuity of the Honor channel and suppliers at a difficult time when technology elements of the industry are unsustainably available and the consumer business is under tremendous pressure.