Buying a BEV platform in China could be one of the "big bangs" needed for Volkswagen stock to break out of what can by now only be characterized as being largely ignored by many of the largest asset managers globally, Deutsche Bank said.
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Tesla's Shanghai factory, which went into operation at the end of 2019, is the first wholly foreign-owned automotive manufacturing project in China.
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Audi seeks to take over the EV platform owned by IM Motors, with talks in an advanced stage, according to a Reuters report.
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Nio and the CYVN entities will work together on strategic collaborations in international business and technology partnerships, the EV maker said.
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The Nio ET5 and ES7 -- known as the EL7 in Europe -- both earned the highest five-star rating in the latest Euro NCAP safety tests, following the ET7 sedan.
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Goldman Sachs believes the market has yet to fully reflect the potential of the G6, with the model ranking No.1 among comparable models, and which is the most competitive product released by Xpeng to date.
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Amid positive sector sentiment, investors are inclined to take opportunities on laggards like Nio to play the catch-up, Morgan Stanley said.
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Based on its latest plans, Nio has slowed down some of the equipment purchases for its battery factory, according to local media.
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BYD World went live first in Ecuador, tomorrow it will go live in Chile, and in a few weeks it will be available in all Latin American countries.
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By then, the energy density of lithium batteries could reach 500 Wh/kg, providing EVs with two to three times the range of liquid lithium batteries and tying the range of fuel vehicles, TrendForce said.
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