Goldman Sachs' previous price target for Nio had already been significantly below the current stock price.
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Category: China
Geely acquires 26.4% of Renault Brazil, brings EX5 EV production and dealer network
Strategic deal gives Geely access to Renault Brazil’s network, boosting electric vehicle presence in Latin America.
The post Geely acquires 26.4% of Renault Brazil, brings EX5 EV production and dealer network appeared first on CarNewsChina.com.
2026 Zeekr X with 250 kW motor and matte finish, launching November 5 in China
Zeekr X 2026 maintains split headlights, 14.6-inch sliding touchscreen, hidden handles, and adds 250 kW motor for improved performance.
The post 2026 Zeekr X with 250 kW motor and matte finish, launching November 5 in China appeared first on CarNewsChina.com.
Geely signs deal to take 26.4% stake in Renault Brazil
As a minority shareholder, Geely can now leverage Renault Brazil's resources to accelerate its expansion in the region.
For details, please visit CnEVPost.
Nio’s battery asset operator Mirattery closes $94.2 million Series C financing
Beyond additional investment from founding shareholders, Mirattery has brought in two state-owned enterprises as shareholders.
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Zeekr to launch updated Zeekr X compact SUV on Nov 5
Since late September, Zeekr has launched the 9X hybrid SUV and updated the Zeekr 001 shooting brake and Zeekr 7X SUV.
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Xpeng’s Aridge produces its 1st flying car at its mass production facility
Aridge has produced the first flying body of its Land Aircraft Carrier modular flying car at its Guangzhou factory, marking the completion of its mass production line.
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Xpeng to debut X9 EREV on Nov 6
Xpeng will debut the extended-range version of its X9 MPV on November 6, with a technology event starting at 7:00 pm Beijing time that evening.
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Seres raises $1.8 billion in Hong Kong offering, trading to start Nov 5
Seres priced its Hong Kong stock offering at HK$131.50 per share, the upper end of its range.
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BYD Oct sales breakdown: Qin 71,248 units, Seal 58,046
The BYD Qin family models sold 71,248 units in October, remaining BYD's top-selling lineup.
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