Electric Vehicle
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JP Morgan raises price target on Tesla from $80 to $90, but that's still 86% below current level
JP Morgan recommends investors not weight Tesla shares in their portfolio in equal proportion to the S&P because Tesla shares are "by virtually every conventional metric not only overvalued, but ramatically so."
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Chinese regulator interviews 25 companies, including BYD, Geely, to strengthen quality of new energy vehicles
Nine models were found to have problems with battery capacity, discharge capacity after cyclic discharge, discharge protection value, and luggage compartment volume, which did not meet national standards.
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China's top real estate developer aims to produce 5 million cars a year by 2035
Evergrande NewEnergy is developing 14 models, and has set up 10 intelligent manufacturing bases around the world.
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Tesla to sell up to $5 billion in additional shares, stock down over 2% pre-market
Tesla plans to issue additional shares and expects to receive up to $5 billion in capital. Tesla fell from up to down 2.55 percent in pre-market trading hours on the news.
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Analysts comment on China's new-energy vehicle sales in November: Growth has been like fire
Sales of XPeng, Li Auto, BYD Han, and Great Wall Motor's Ora EV increased 39%, 26%, 34%, and 43%, respectively, compared with October, and NIO's performance in November was relatively stable.
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China Association of Automobile Manufacturers says chip shortages real, but not that serious
The CAAM believes that due to the shortage of chip supply, the production of some companies may be greatly affected in the first quarter of next year.
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WM Motor's third smart electric SUV unveiled with L4 autopilot for specific scenarios
WM Motor's third all-new intelligent electric SUV was unveiled at Baidu's Apollo 2020 eco-conference on December 8.
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China-made Model 3 sales almost double to 21,604 units in November
New carmakers such as NIO, Li Auto, WM Motor, XPeng Motors, Hozon Auto, Leap Motor continue to maintain strong growth, according to a latest industry report.
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XPeng denies rumor that it resells vehicles to used car dealers at low prices
A user recently claimed on a short video platform that XPeng resold some of its vehicles to a used car itsss at low prices. The Chinese electric car company responded yesterday that this is false news, and reserved the right to pursue legal responsibility against those responsible.
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Owner complains that his Tesla Model 3 gets only half the battery life it was supposed to
Recently, a Beijing car owner complained that his newly purchased China-made Model 3 has an actual range of only about 200 km, which is half the official NEDC range of 468 km.