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Nio (NIO) launches updated battery leasing program, expands charging network
July 21, 2023 2:10 PM EDTEmerging Chinese electric vehicle maker, Nio Inc. (NYSE: NIO) announced Thursday the launch of their updated battery leasing program. Under the new terms, drivers leasing a battery from Nio are allowed to replace their battery packs with a higher energy density one daily rather than after months or years, as was previously the case.
Nio EV owners with the... More
XPeng (XPEV) cut to Underweight at J.P. Morgan ahead of 2Q results
July 21, 2023 8:03 AM EDTJ.P. Morgan downgraded XPeng (NYSE: XPEV) to an underweight rating (From Neutral) and raised their 12-month price target on the stock to $10.00 (From $7.50) ahead of the companys 2Q earnings report.
XPeng's 2Q23 sales volume experienced a significant decline of 33% yoy. J.P. Morgan predicts that XPEV's 2Q GPM will continue to be weak due to operational deleverage and an unfavorable product... More
NIO (NIO) PT Raised to $9 at JPMorgan
July 21, 2023 7:14 AM EDTJPMorgan analyst Nick Lai raised the price target on NIO (NYSE: NIO) to $9.00 (from $8.50) while maintaining a Neutral rating.... More
JPMorgan Downgrades XPeng (H-Shares) (9868:HK) (XPEV) to Underweight
July 20, 2023 4:10 PM EDTJPMorgan analyst Nick Lai downgraded XPeng (H-Shares) (9868:HK) (NYSE: XPEV) from Neutral to Underweight with a price target of HK$40.00 (from HK$29.00).
... MoreJPMorgan Downgrades XPeng (XPEV) to Underweight
July 20, 2023 4:10 PM EDTJPMorgan analyst Nick Lai downgraded XPeng (NYSE: XPEV) from Neutral to Underweight with a price target of $10.00 (from $7.50).
For an analyst ratings summary and ratings history on XPeng click here. For more ratings news on XPeng click here.
Shares of XPeng closed at $14.98 yesterday.
... MoreLi Auto (LI) CEO confirms no imminent overseas market plans
July 20, 2023 2:16 PM EDTLi Xiang, the CEO of Chinese electric automaker Li Auto (NASDAQ: LI), recently announced on Weibo, a Chinese Twitter-like platform, that the company currently has no intentions of expanding overseas. Instead, their primary focus lies in dedicating all resources and efforts towards accomplishing their... More
India Govt May Reduce GST On Retrofitted EVs From 18% To 5% - Reuters
July 19, 2023 9:52 AM EDTIndia Govt May Reduce GST On Retrofitted EVs From 18% To 5% - Reuters
... More