China to replace $140 billion LGFV debt with local bonds - Bloomberg News

China EVs drop as Tesla (TSLA) continues price war

Shares of Chinese electric automakers, XPeng (NYSE: XPEV), Li Auto (NASDAQ: LI) and Nio (NYSE: NIO) are down in early trading Monday morning after American competitor, Tesla (NASDAQ: TSLA) announced additional price cuts to their Model Y vehicles.

Tesla announced Monday, a reduction in prices for... More

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