EV

NIO shares plunged nearly 8% on Friday after being shorted by Citron, but the company's shares rallied more than 2% on Monday and more than 2% in pre-market trading on Tuesday.

Citi raised price target on XPeng (XPEV.US) from $34.70 to $57.71, and maintains "Buy" rating. The bank also raised Li Auto (LI.US) rating from "Neutral" to "Buy" with a price target raised to $45.60 from $27.10.

The Tesla Shanghai plant set an immediate target of producing 5,700 Model 3s per week in November, which could be enough to help Tesla meet its annual production and delivery expectations of 500,000 electric vehicles, according to 163.com.

There is also the largest public pension in the US and the famous Renaissance Technologies.

Chinese electric vehicle (EV) maker NIO (NYSE: NIO) will report its third-quarter earnings Tuesday before the US stock market opens. 

Sales of the US-listed Chinese electric car trio are now on a rapid rise after a difficult period.

Since its establishment, Chinese electric car company XPeng Motors (NYSE: XPEV) has applied for 1,574 patents, including 1,511 domestic patents, said Fan Jinbiao, IP manager of XPeng.

The world's largest hedge fund held 1,569,456 NIO ADS shares worth $33,304,000 as of September 30, 2020, according to an SEC filing on November 13.

US short-seller Citron is shorting NIO and says after a rocky road of trading, NIO has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects. Citron gives NIO a price target of $25.

Li Auto won't launch all-electric models until the 400KW fast-charging technology matures, the Chinese EV maker's CEO Li Xiang said on its third-quarter earnings call, adding that its extended-range technology has a 5-10 year advantage in large SUVs and MPVs.