EV

A looming US delisting bill is putting pressure on the stock prices of three of China's best-known electric car companies, but NIO doesn't think it's likely to affect them.

Li Auto said the funds will be used to develop next-generation electric vehicle technologies, including high-voltage platforms, batteries, and fast charging technologies.

NIO, Li Auto, and XPeng continue to bleed due to the short-selling of Kandi.

Although Huawei recently reiterated that it will not build the whole car, that does not affect its choice of ternary lithium batteries as the power battery technology direction.

LG Chem and CATL are battling for the top position in the global electric vehicle battery market.

Li ONE, the only model in Li Auto's lineup, delivered 4,646 units in November, setting another monthly delivery record, up 25.8 percent from October, the Chinese EV maker announced today.

"Tesla simply can't get enough batteries, so LG Chem is going to more than double its production in China."

Goldman Sachs analyst Fei Fang raised the bank's price target on Li Auto to $60 from $20.60, maintaining a "Confident Buy" rating.

Chinese EV maker NIO (NYSE: NIO) delivered 5,291 vehicles in November 2020, up by 109.3% year-on-year to set a new monthly record. 

SAIC-GM-Wuling's Hongguang MINI EV, China's best-selling electric car, sold a record 33,094 units in November, making it the only vehicle in China's new energy market to sell more than 30,000 units in a single month this year.