EV

Chinese electric vehicle (EV) maker NIO (NYSE: NIO) shares are up an incredible 1,070 percent since their March lows. Deutsche Bank analyst Edison Yu notes that there aren't any specific factors driving the stock higher, but he points to a couple of developments that have helped keep the momentum going.

Tesla has scaled back its used car warranty to give customers only one additional year or 10,000 miles (16,000 km) of warranty coverage.

NIO's unique business model is poised for continued growth in the face of Tesla's expansion in China, said Li Haode, a leading financial opinion leader.

Tesla's Shanghai Gigafactory has started exporting the Model 3 vehicles to European countries including Germany, France, Italy, Spain, Portugal and Switzerland, according to the SH Observer.

Chinese EV maker Li Auto (NASDAQ: LI) will begin pushing V1.4 in-vehicle software on October 20 to customers who have already received deliveries, bringing a number of enhancements including the addition of Bluetooth connectivity for iPad.

In just six months, the stock of Chinese EV maker NIO (NYSE: NIO) rose more than 10 times. There are many investors who admire its rise, but not many who actually make money from it.

In his report, "NIO deserves a better future," released on Sunday evening, Zhongtai Securities analyst Su Chen said NIO's new model, the EC6, which was delivered from September 2020, is expected to maintain good delivery volumes through a richer product portfolio and a competitive edge in the product race.

Toyota has decided to supply the core system of its hybrid vehicle to major Chinese automaker Guangzhou Automobile Group (GAC), the first time in Toyota's history that it will offer hybrid vehicle technology to a foreign company, according to Nikkei Asia on Thursday.

Central China's Anhui province is always in the spotlight for its reform moves, from betting a fifth of its revenue on BOE to making 45 billion yuan ($6.7 billion) in half-year profits from its investment in Chinese EV maker NIO (NYSE: NIO) this year, it has made every major investment lucrative.

Chinese electric vehicle maker Li Auto (NASDAQ: LI) said on Weibo on October 18 that it had delivered more than 20,000 Li ONEs to customers in total, just 10 months after the model began deliveries in December 2019, the fastest record for a new Chinese carmaker to achieve such deliveries.