U.S. Judge allows class action against Nio (NIO) to continue

BYD calls for Chinese automotive unity, 'demolish the old legends'

China's top-selling automobile manufacturer, BYD, has ignited a surge of online attention after the automaker signaled for unity, calling for the industry to band together and demolish the old legends.

During a recent event commemorating a production milestone, BYD shifted the focus to a grander objective: to spotlight China's ascent as a powerhouse in the global automotive manufacturing arena.

"I believe the time has come for Chinese brands," said founder Wang Chuanfu. "It's an emotional need for the 1.4 billion Chinese people to see a Chinese brand becoming global."

China's carmakers are caught in a fierce price... More

'Motivated by a greater sense of urgency', Deutsche Bank raises estimates on Nio (NIO) ahead of 2Q release

Deutsche Bank reiterated a Buy rating on Nio Inc. (NYSE: NIO) and raised their 12-month price target on the stock to $17.00 (from $13.00) ahead of the electric automakers 2Q earnings release.

Motivated by a greater sense of urgency, NIO's operational execution has improved significantly in the past quarter with new models ramping quickly and sales efficiency improving. Writes analyst, Edison Yu in a note.

Deliveries for the second quarter have already been reported at 23,520... More

China July Retail Passenger Vehicle Sales Fall 2.3% Y/y - PCA

China July Retail Passenger Vehicle Sales Fall 2.3% Y/y - PCA

Shares of Li Auto (LI) inch towards record high ahead of 2Q release

Chinese electric vehicle maker, Li Auto (NASDAQ: LI) hit a fresh 52-week high of $47.33 intraday Monday and is on the cusp of hitting its record $47.70 set in November 2020, a few months after its IPO.

As of the time of this report, the stock is holding steady at around... More

NIO Inc (9866:HK) (NIO) PT Raised to HK$147.90 at Citi

Citi analyst Jeff Chung raised the price target on NIO Inc (9866:HK) (NYSE: NIO) to HK$147.90 (from HK$107.10) while maintaining a Buy rating.... More

This is why Citi expects EV maker Nio stock to continue moving higher

Citi analyst Jeff Chung reiterated a Buy rating on Nio (NYSE: NIO) stock and hiked the price target to $19.20 per share from the prior $13.90.

The new price target implies an upside potential of about 30%. Chung believes Nios short-term momentum could sustain into September for 4 following... More

NIO (NIO) PT Raised to $19.20 at Citi; Sees One More Alpha Rally Likely into Sep with Beta Tailwind

Citi analyst Jeff Chung raised the price target on NIO (NYSE: NIO) to $19.20 (from $13.90) while maintaining a Buy rating.

"We pointed out NIOs short-term momentum and higher volume visibility in a previous report, and now we expect the momentum to sustain into... More