Industry

Four weeks ago, JP Morgan sharply raised NIO price target from $14 to $40, representing a 85% upside potential at that time.

BYD is considering buying a bus manufacturing plant in South Korea and the company has recently conducted due diligence on Zyle Daewoo Bus Commercial Vehicle's commercial vehicle plant in Ulsan, the Seoul Economic Daily reported.

Chinese drone maker DJI today launched the new T30 drone for the agricultural field, it can spray pesticides, but also can be used to sow seeds and spread fertilizer.

NIO today announced the opening of its 159th battery swap station in China in Yueqing, Zhejiang Province.

Retail sales in China's passenger car market reached 1.992 million units in October, up 8.0% year-on-year, achieving a nearly two-year high growth rate of 8% for four consecutive months, data released today by the China Passenger Car Association (CPCA) showed.

With the increasing digitization of vehicles, the trend of "software-defined vehicle" has become unstoppable. Under the impact of the rapid iteration of new technologies, FOTA has become the focus of car manufacturers.

Tesla Shanghai Gigafactory plans to produce about 550,000 vehicles in 2021, including 300,000 Model 3s and 250,000 Model Ys, 36kr.com quoted a source as saying.

BYD shares traded in China's A-shares rose 3.04 percent to close at RMB 190.44 on Nov. 6, bringing its market capitalization to RMB 519.5 billion. Since the beginning of the year, BYD's share price has risen as much as 295 percent.

Beijing has issued temporary number plates to 87 vehicles from 14 companies, including NIO, BAIC New Energy, Baidu and Daimler, for self-driving road tests, according to Xinhua.

Huawei's HarmonyOS developer beta is expected to be available on December 18 and will allow some mobile phone users to upgrade HarmonyOS in January or February next year, Weibo digital blogger @长安数码君 said.