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Analysts say NIO is the leading Chinese EV maker, with advantages becoming apparent
With NIO gaining popularity among investors in the capital markets, more Chinese analysts are joining their Wall Street peers to publish bullish report on the Chinese electric vehicle (EV) maker.
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XPeng says it expects its second production base to begin operations in 2022
Tesla's Chinese rival and Alibaba-backed XPeng Motors's second manufacturing base was settled in the Guangzhou Development Zone in September this year and is scheduled to start production by the end of 2022, the company said in a conference call after announcing its third-quarter results on Thursday.
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NIO stock rises above $50 pre-market, to report Q3 results on Nov 17
Boosted by its local peers' better-than-expected earnings report, Chinese electric vehicle (EV) maker NIO (NYSE: NIO) shares surged above $50 in pre-market trading session on Friday, hitting a new all-time high.
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OPPO to unveil AR super app to explore the boundary between digital and real worlds
OPPO today said it will explore the boundary between the digital and real worlds by launching a concept-level app, OPPO CybeReal, at the OPPO INNO DAY 2020 on November 17.
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Didi will reveal a model called D1 on Nov 16, possibly built with BYD
Chinese ride-sharing giant Didi will unveil a vehicle called the D1 on November 16, a poster released by the company today showed.
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Huawei unveils new 5G solutions
At the 2020 Global Mobile Broadband Forum in Shanghai on November 12, Huawei proposed a 5G development goal called "1+N" and announced the 5G solutions that underpin this goal to build 5G minimalist networks.
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Li Auto Q3 revenue beats estimates, shares surge about 20% pre-market
Chinese electric car maker Li Auto (NASDAQ:LI) posted third-quarter revenue of RMB 2.511 billion, which was well above the market's expectations of RMB 1.925 billion. The company reported a net loss of RMB 107 million for the third quarter, which was below market expectations of a loss of RMB 502 million.
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Qualcomm reportedly cleared to sell 4G chips to Huawei, license to sell 5G chips pending
Qualcomm has received a license to sell 4G chips to Huawei, Yicai.com quoted the upstream supply chain vendor as saying on November 13.
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State media praises NIO-led battery swap model in two articles on same day
In its November 13 issue, the Economic Information Daily, a subsidiary of China's state-owned Xinhua News Agency, devoted a rare two-part article to the same topic, praising the NIO-led battery swap model as the trend of the future.
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Why NIO has become BYD's rival
In October, NIO (NYSE: NIO) announced that it had delivered 5,055 of its three models, a new sales high since the company's inception. Unfortunately, all of these cars are powered by the lithium-ion ternary batteries from CATL, China's largest automotive lithium-ion battery maker.