Stocks
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Chinese audio platform LIZI surges 100% after announcing co-op with XPeng
LIZHI (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, saw its shares double after announcing its cooperation with Tesla's Chinese rival XPeng Motors.
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Goldman Sachs raises Tesla's price target to $780 from $455
Goldman Sachs on Wednesday raised its rating on Tesla to buy from neutral and raised its 12-month price target sharply to $780 from $455.
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UBS raises NIO price target to $55, raises XPeng price target to $59
UBS raised the price target of high flying Chinese EV maker NIO from $16.3 to $55.00 to reflect brand premium and maintained its Neutral rating. The bank also raised the price target on XPeng from $25 to $59 while downgrading the rating from Buy to Neutral.
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NIO responds to US bill that could result in delisting of Chinese listed companies
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.
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Meet the company that could be dragging NIO, XPeng, and Li Auto shares down
NIO, Li Auto, and XPeng continue to bleed due to the short-selling of Kandi.
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Goldman Sachs raises price targets on Li Auto and NIO, EV makers' shares soar pre-market
Goldman Sachs analyst Fei Fang raised the bank's price target on Li Auto to $60 from $20.60, maintaining a "Confident Buy" rating.
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NIO overtakes BYD as most valuable Chinese automaker, is this a bubble?
On November 27, NIO rose 0.58% to $54, bringing its year-to-date gain to 1243%. It has a market capitalization of $72.84 billion (RMB 478.84 billion), surpassing BYD's RMB 474.9 billion to become the auto company with the highest market capitalization in China.
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China's A-share listed company makes $1.37 billion from Li Auto investment
Leo Group, which is listed on the Shenzhen Stock Exchange, recently said on a platform to communicate with investors that it holds 343,316,240 Li Auto ADSs through a wholly owned subsidiary in Hong Kong at an investment cost of RMB 450 million. As of November 23, the company held Li Auto shares with a market value of about RMB 9.8 billion.
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JP Morgan raises NIO price target to $50, explains when valuation will come back down
"We think only disappointing or weak sales would trigger a pullback in NIO shares, which is not our baseline scenario at this point," JP Morgan said.
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Chinese investment bank CICC raises NIO price target by 206% to $52
CICC expects NIO to sell nearly 400,000 vehicles by 2025 due to NIO's improving product portfolio and increasing penetration of new energy and luxury vehicles.