NIO Inc. (NIO) to hold ES6 launch event Wednesday

Barclays downgrades Xpeng (XPEV) following disappointing 1Q miss

Barclays downgraded XPeng Inc. (NYSE: XPEV) to an Underweight rating and cut their 12-month price target on the stock to $6.00 (From $8.00) following the electric automakers disappointing 1Q earnings results.

Xpeng reported total revenue of RMB 4.0bn, -45.9% yoy, -2.1% lower than Barclays estimate. Vehicle sales were RMB 3.5bbn, -49.8% yoy, -4.1% lower than expected due to lower-than-expected vehicle deliveries and to a much smaller extent the expiry... More

Jaguar Land Rover-owner set to choose UK over Spain for EV battery plant

The BBC reports Wednesday that Tata Motors, parent company to Jaguar Land Rover Automotive, is set to pick Britain for a multi-billion dollar electric vehicle battery plant. A plant some have described as the most significant investment in UK automotive since Nissan came to Britain in the 1980s.

A Tata chairman is expected to fly to London next week to meet the prime minister and finalize the deal to build the battery factory, which could employ 9,000 people in Somerset,... More

BMW unveils new electric i5 with 295-mile range

The BMW Group unveiled its new 2024 BMW i5 during a digital world premiere on Wednesday after teasing glimpses of its first all-electric 5 Series for weeks.

As a combustion model, the 5 Series has held a prominent position in the company's lineup since 1972, and it continues to be the second best-selling vehicle for the German automaker behind the 3 Series. It has been known for a while now that BMW has been actively developing an all-electric version of the 5 Series, alongside plug-in hybrids and traditional combustion engine options.

With its unmistakable resemblance to the 5 Series,... More

XPeng (XPEV) sinks following 1Q miss and weak forecast

Shares of Chinese electric automaker XPeng Inc. (NYSE: XPEV) are down more than 5% in pre-market trading on Wednesday following its disappointing Q1 earnings report that fell short of expectations.

The automaker reported a RMB2.57 loss per adjusted diluted share, missing the consensus of (RMB1.92). Meanwhile, total revenue was reported at RMB4.03 billion (US$0.59 billion), missing consensus of RMB5.15 billion, representing a decrease of 21.5%... More

NIO Inc. (NIO) option implied volatility into Nio to hold ES6 launch event

NIO Inc. (NYSE: NIO) 30-day option implied volatility is at 71; compared to its 52-week range of 63 to 111 into Nio to hold ES6 launch event on May 24.

XPeng Inc. (XPEV) option implied volatility near upper end of range into quarter results

XPeng Inc. (NYSE: XPEV) May weekly call option implied volatility is at 121, June is at 83; compared to its 52-week range of 67 to 127 into the expected release of quarter results before the bell on May 24.

NIO (NIO) to Hold the All-New ES6 Launch Event on May 24

NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it expects to host the all-new ES6 launch event in China on Wednesday, May 24, 2023.

The all-new ES6 launch event will start at 7:00 AM U.S. Eastern Time on May 24, 2023 (7:00... More

XPeng Inc. (XPEV) May weekly 9.5 straddle into quarter results

XPeng Inc. (NYSE: XPEV) May weekly 9.5 straddle is priced for a move of 10% into the expected release of quarter results before the bell on May 24.

XPeng Inc. (XPEV) May weekly 9 straddle into quarter results

XPeng Inc. (NYSE: XPEV) May weekly 9 straddle is priced for a move of 10% into the expected release of quarter results before the bell on May 24.

Gotion High-Tech launches 1000km range EV battery

Chinese battery maker, Gotion High-Tech on Friday launched its in-house L600 Astroinno battery cell and pack under the LMFP lineup at the 12th Gotion Technology Conference. The companye new battery features a range of up to 1000km, setting a precedent for developing NCM-free batteries. The batterys debut follows a procurement letter from Volkswagen designating Gotion as a supplier for the automaker's overseas markets.

Dr. Cheng Qian, Executive President of the International Business Unit of Gotion High-Tech, who released... More

U.S. administration announces $51M investment towards EV charging network

The Biden-Harris administration, on Thursday announced a $51 million Ride and Drive Electric funding opportunity through President Bidens Bipartisan Infrastructure Law to accelerate the electrification of the nations transportation sector and spur private sector investments in clean transportation.

This funding will help to increase reliability of chargers by providing funding for validating and testing charging equipment and increase opportunities for underserved communities through new jobs and training resources.

Thanks to President Bidens Investing in America agenda, we are developing a... More

Nio (NIO) and Autoliv (ALV) to collaborate on safety technology for future EVs

Autoliv, Inc. (NYSE: ALV) and NIO Inc (NYSE: NIO) announced Friday that they have signed a strategic cooperation framework agreement to collaborate on several new safety technologies for electric vehicles with an overarching focus on sustainable solutions.

Autoliv wrote in a press release that The strategic cooperation between NIO and Autoliv marks a significant milestone in our shared objective to redefine the way people experience... More

Nio (NIO) goes nuclear, invests in fusion technology startup

Chinese electric vehicle maker Nio Inc. (NYSE: NIO) has made an investment in, Neo Fusion, a company that is developing fusion technologies, according to a company filing.

According to a report by Reuters, citing unnamed sources with direct knowledge, Neo Fusion will... More