EV
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Tesla's Chinese rival Xpeng expands its share sale in upcoming US IPO
Tesla's Chinese rival, Alibaba-backed EV maker Xpeng Motors is expanding the size of its share sale and pricing the shares above a marketed range, raising about $1.5 billion in a U.S. initial public offering, according to Bloomberg.
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Li Auto shares surge 28% to record high
Chinese EV maker Li Auto shares surged 28.25 percent to close at $23.38 on Wednesday, a record high since its IPO, pushing its market capitalization to $19.55 billion.
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Chinese investment bank CICC raises its NIO target price again, as it sees three benefits of BaaS
NIO recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the company's gross margin, thus injecting new momentum into its car sales and performance improvement.
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NIO stock soared 19%, what happened?
The ADR shares of Chinese electric car company NIO soared to an all-time high on Tuesday as more and more skeptics turned into its believers.
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Xpeng plans to raise $1.28 billion in US IPO, priced above range
Tesla's Chinese rival, Alibaba-backed EV maker Xpeng Motors plans to raise $1.28 billion in an IPO on the New York Stock Exchange, priced above the initial range, according to IFR.
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NIO shares surge 19% as UBS raises its rating from 'sell' to 'neutral'
UBS raised its rating for Chinese EV maker NIO from "sell" to "neutral", bumping its price target from $1.00 to $16.30 which represents a jump of 1,530%.
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Is NIO's battery swap mode commercially viable?
On August 20, NIO officially launched its Battery as a Service (BaaS), which provides a new way to purchase a vehicle with a separate body and battery, allowing users to purchase a NIO without purchasing a battery pack.
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Tesla takes a subtle jab at NIO's body-battery separation mode
The recent launch of NIO's BaaS (Battery as a Service) battery rental service in China has raised a lot of eyebrows. In an article published on Monday, Tesla China made a veiled dig at the model as being inferior to its unibody model.
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China-made Model Y available for pre-order options, price starts from about $70,000
The Tesla China website has released the China-made Model Y configurator, which users can choose from with 2 models, the long-range all-wheel drive version and the Performance version, with a pre-order price of RMB 488,000 (about $70,000) - RMB 535,000.
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Analysts say NIO-led battery swap wave coming for China's electric cars
The recent launch of NIO's BaaS (Battery as a Service) battery rental service in China has generated high interest in China's auto and technology circles. In analysts' view, this indicates the coming wave of battery swap model for electric cars.