Phate Zhang
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BofA raises NIO price target by 140% to $54.7, reiterates Buy rating
NIO is a leader among Chinese auto OEMs in terms of autonomous driving, which should help it gain share, BofA said.
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China Mobile 5G terminal sales expected to reach 100 million by year-end
The number of China Mobile 5G terminal sales has reached 85 million, which is expected to grow to at least more than 100 million by the end of the year, said Wang Hengjiang, deputy general manager of China Mobile Terminal Co. on November 19.
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US EV startup Rivian to launch small electric car in China
US electric car startup Rivian said Wednesday it will launch a small electric car for the Chinese and European markets, and could eventually produce cars in the two markets.
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BYD to launch 'fuel sedan disruptor' on November 20
BYD will unveil the Qin Plus, which the company is calling a "fuel sedan disruptor," at the 18th Guangzhou Auto Show on November 20.
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Chinese team finds security vulnerabilities in Apple M1 chip devices and iPhone 12 Pro
Tencent Xuanwu Labs has successfully breached the latest MacBook equipped with the M1 chip and the iPhone 12 Pro using newly discovered security flaws, according to Tencent Security.
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Tesla establishes auto sales and service company in NIO's home turf
On November 12, Tesla Motors Sales & Service (Hefei) Co., Ltd. was established in Hefei, Anhui Province, where NIO China is headquartered.
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NIO founder says Tesla's price cuts won't have much impact on the EV maker
"The market is big enough," Li said, noting that their main competitors should be fuel cars.
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BOE is the screen supplier for OPPO's scroll screen phone
OPPO unveiled the OPPO X 2021 scroll screen concept phone at the OPPO INNO DAY 2020 on Tuesday, which features an OLED flexible scroll screen with a minimum of 6.7 inches and a maximum of 7.4 inches. Li Xuezheng, vice president of BOE, said on Weibo today that the screen was provided by them.
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NIO conference call: Operating cash flow to turn positive in 2020, monthly capacity to go up to 7,500 units in Jan
NIO again achieved positive operating cash flow in the third quarter and is confident that it can turn cash flow from operating activities positive for the full year 2020 overall, the EV maker's founder William Li Bin said during the third quarter 2020 quarterly conference call.
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NIO is working on its fifth new car, with its fourth model to be unveiled in Jan
Although NIO's fourth model won't be released until January, the company is already talking about a successor to the model.