Category: eMobility
NIO ET5 Orion Name Confirmed For Upcoming Chinese EV Wagon
New auto index launched in HK stock market with constituents including BYD, NIO, XPeng, Li Auto
The Hang Seng Indexes Company Limited launched the Hang Seng Automobile Index today with a year-to-date return of about 9 percent.
A new index is now available for investors who wish to track the performance of the Chinese auto industry chain in the stock market.
The Hang Seng Indexes Company Limited (HSI) today announced the launch of three new indices, including the Hang Seng Automobile Index.
"The Hang Seng Automobile Index aims to reflect the overall performance of companies that are engaged in the value chain of automobile production, and are listed in Hong Kong," the description on the HSI website reads.
The new index -- calculated and disseminated in real-time at two-second intervals -- had a return of 9.26 percent for the year to last Friday. As of press time, the index was up 0.69 percent today.
The Hang Seng Automobile Index has a fixed component of 30 stocks and will be reviewed every six months.
The index's current constituents include car companies such as BYD, NIO, XPeng, Li Auto, Leapmotor, Geely, Great Wall Motors, and GAC Group, as well as suppliers such as LK Technology and Fuyao Glass.
The description page on the HSI website does not provide information on the weighting of these constituents in the index.
The index has a base period of December 31, 2019, with a base value of 3,000 points and is currently quoted at 3,272.24 points.
At press time, NIO was down 2.3 percent to HK$63.60 in Hong Kong, XPeng down 2.03 percent to HK$38.55, Li Auto down 0.96 percent to HK$113, BYD was flat and Leapmotor was up 1.47 percent to HK$34.55.
Hang Seng Automobile Index
Stock Code | Constituent Name | ||||
---|---|---|---|---|---|
A Shares | B Shares | H Shares | Red Chips | Others | |
1958 | BAIC MOTOR | ||||
9888 | BIDU - SW | ||||
710 | BOE VARITRONIX | ||||
1211 | BYD COMPANY | ||||
285 | BYD ELECTRONIC | ||||
489 | DONGFENG GROUP | ||||
3606 | FUYAO GL ASS | ||||
2238 | GAC GROUP | ||||
1772 | GANFENG LITHIUM | ||||
175 | GEELY AUTO | ||||
2333 | GREATWALL MOTOR | ||||
179 | JOHNSON ELEC H | ||||
148 | KINGBOARD HLDG | ||||
9863 | LEAPMOTOR | ||||
2015 | LI AUTO - W | ||||
558 | LK TECH | ||||
425 | MINTH GROUP | ||||
1316 | NEXTEER | ||||
9866 | NIO - SW | ||||
1478 | Q TECH | ||||
20 | SENSETIME - W | ||||
3808 | SINOTRUK | ||||
2382 | SUNNY OPTICAL | ||||
819 | TIANNENG POWER | ||||
9696 | TIANQI LITHIUM | ||||
3898 | TIMES ELECTRIC | ||||
2338 | WEICHAI POWER | ||||
868 | XINYI GLASS | ||||
9868 | XPENG - W | ||||
1585 | YADEA |
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Tesla Cybertruck Series Production Inches Closer As Final Stamping Component Arrives
Tesla Cybertruck Series Production Inches Closer As Final Stamping Component Arrives
Huawei’s AITO M9 flagship SUV fan render images revealed in China
The AITO M9 is a full-size luxury SUV that will hit the Chinese market in Q4 2023 with a starting price of 71,800 USD.
The post Huawei’s AITO M9 flagship SUV fan render images revealed in China appeared first on CarNewsChina.com.
NIO exceeds 1,400 swap stations in China
NIO's 1,400th battery swap station in China was built with German retail giant METRO, and the two have built a total of 21 such facilities together to date.
(Image credit: NIO)
NIO (NYSE: NIO) has surpassed 1,400 battery swap stations in China, as deployment of its third generation of the facility accelerates.
The electric vehicle (EV) maker today put eight new battery swap stations into operation, bringing the total to 1,403, with 374 of them located along highways, according to an article it posted today on the NIO App.
NIO's 1,400th battery swap station in China is located next to a store of German retail giant METRO in Shanghai, and is the 61st third-generation battery swap station of the EV maker.
The partnership between NIO and METRO began two years ago when the two signed a strategic cooperation agreement on March 29, 2021, to collaborate on the construction of charging stations and battery swap stations.
To date, 21 battery swap stations have been jointly built by the two companies, NIO said today.
NIO's owners have used battery swap services more than 22 million times, averaging nearly 50,000 times a day, and on average, a vehicle receives a fully charged battery from a battery swap station every 1.9 seconds, NIO said.
In addition to providing replenishment services, these battery swap stations have provided a total of 76,131 battery upgrades to owners, according to the article.
NIO allows owners to upgrade their standard-range battery packs to 100 kWh long range packs on a monthly, annual, or permanent basis.
On March 3, NIO began offering incentives to encourage owners to upgrade their battery packs to long-range ones.
At the NIO Day 2022 event on December 24, 2022, NIO's third-generation battery swap station was launched, capable of storing up to 21 packs, up from 13 in its previous generation and 5 in the first generation of that facility.
NIO announced plans at the time to add 400 battery swap stations in 2023, though that plan was raised to 1,000 on February 21.
William Li, NIO's founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, with a goal of having more than 2,300 battery swap stations in China by the end of 2023.
NIO's first 10 third-generation battery swap stations went live in 10 Chinese cities on April 12.
On April 18, Li said on the first day of the Shanghai auto show that NIO will add about 200 battery swap stations every month starting in June.
As of May 15, NIO also had 2,580 charging stations in China, offering 15,312 charging piles. The company's charging map has access to more than 7,000,000 third-party charging stations.
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India’s Largest Gas Distribution Company Plans Solar Module Manufacturing
India’s Largest Gas Distribution Company Plans Solar Module Manufacturing
Eve Energy to buy land for battery plant in Malaysia
The battery plant will support electric two-wheeler and power tool manufacturers in Malaysia and Southeast Asia, Eve Energy said.
(Image credit: Eve Energy)
Chinese lithium battery maker Eve Energy will build a new battery factory in Malaysia, just days after announcing it would build a plant in Hungary.
Eve Energy Malaysia, the Malaysian arm of Eve Energy, signed a memorandum of understanding with Pemaju Kelang Lama Sdn Bhd (PKL) on May 12 to buy land from the latter to set up a lithium battery manufacturing plant in Malaysia, according to a stock exchange announcement.
The land is 66.58083 acres (26.9 hectares) and the price is 164 million ringgit ($36.6 million), according to the May 12 announcement.
The signing of the MOU marks the effective advancement of Eve Energy's cylindrical lithium battery manufacturing project, which will further meet the company's need to scale up its cylindrical battery capacity, the announcement said.
The battery plant will support electric two-wheeler and power tool manufacturers in Malaysia and Southeast Asia, and continue to consolidate and enhance the company's presence in these areas, Eve Energy said.
Eve Energy, one of the world's largest power battery manufacturers, installed 2.4 GWh of batteries worldwide in the first quarter, up 75.5 percent year-on-year, according to data released by South Korean market research firm SNE Research on May 3.
This puts Eve Energy in 9th place globally with a 1.8 percent share, while CATL and BYD are the top two with 35.0 percent and 16.2 percent shares, respectively.
The announcement comes two days after Eve Energy announced on May 10 that its subsidiary EVE Power Hungary had signed an agreement with Debreceni, a subsidiary of the Hungarian government of Debrecen, to purchase land owned by the latter in the city's northwest industrial zone for the production of cylindrical power cells.
The land in Hungary covers 45 hectares and the purchase price is 22.5 euros per square meter plus VAT, for a total price of about 12.86 million euros ($14.1 million).
The deal will meet the company's need for production land for future growth and further expand its capacity for power and energy storage batteries, Eve Energy said at the time.
Eve Energy's announcement provided no further information, though the move appears to be in preparation for supplying BMW.
($1 = 4.4755 ringgit)
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