Electric Car
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Chinese Tesla rival Xpeng responds to its car fire
A video today showed that an Xpeng G3 in Guangzhou caught fire on the street and was surrounded by smoke. Firefighters arrived at the scene to extinguish the fire.
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NIO shares surge 11% pre-market as it sees lowest operating loss in Q2
NIO's financial report today showed a huge increase in revenue and a positive gross margin in the second quarter. After the results were announced, its shares surged in pre-market trading hours.
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NIO's Li Bin says EV development accelerates, but legacy automakers still have a chance
NIO founder, chairman and CEO Li Bin said today that even though Tesla's market cap exceeds Toyota's, its market share is still very low. The auto industry is not winner-take-all, which gives more opportunities to startups like NIO and legacy car makers.
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NIO's tech vendor reaffirms co-op on battery swap station
Chinese technology company CSG Smart Science said today in response to a question from investors that it has a partial contract with NIO for the battery swap station project that is currently underway.
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Chinese Tesla rival Xpeng files for US IPO, trading expected to begin in August
Chinese EV maker Xpeng Motors, backed by Alibaba and a major rival of Tesla in China, has filed for a US IPO and is expected to list on the New York Stock Exchange under the symbol "XPEV" as soon as August.
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Can NIO surprise the market with record quarterly sales?
NIO will report its second-quarter 2020 results on August 11, before US stock markets open.
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Li Auto market cap approaches NIO, why is it favored by capital markets?
Just a week after its IPO, Li Auto's market capitalization is approaching that of NIO, which has been traded on the US market for nearly two years.
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Bernstein initiates NIO rival Li Auto coverage with outperform rating
The analysts of Bernstein have rated Li Auto, a Chinese EV maker that went public one week ago in the US, with an outperform rating in their initial coverage.
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NIO rival Li Auto responds to a highway fire in its vehicle
A Li ONE on the Guangdong Expressway caught fire at around 16:09 on August 6, 2012, causing concern about the safety of driving an EV.
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Boosted by Tesla, Shanghai new energy vehicle production up 126.9% year on year in H1
Driven by Tesla's production, Shanghai's output of new energy vehicles reached 70,400 units in the first half of the year, soaring 126.9 percent year-on-year, data from the China Passenger Car Association (CPCA) showed.