China Auto 2021E Outlook: Winter Is Over
We are bullish on PV sales in 2021E. We estimate China's PV sales will grow by 10% yoy to 22.2mn units. We also estimate China's EV (electric...
421 Views
Xpeng Placement: Charging Up
Xpeng is seeking to raise as much as $2.0 billion (at the last close price) through an issue of 40 million ADSs. We remain bullish on Xpeng’s...
425 Views
Xpeng Motors (小鹏汽车) Placement - Level the Playing Field
Xpeng Motors (XPEV US) is looking to raise about US$1.88bn in its follow-on offering. Proceeds raised will be used for R&D, sales and marketing,...
530 Views
China Aims To Build Strong Domestic NEV Brands that Can Compete in Global Markets
We remain confident in the China-based electric vehicle (EV) maker’s prospects due to government strong policy support and continue growing market.
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Li Auto (理想汽车) Placement - Opportunistic but Still a Worth a Bet Among EV Peers
Li Auto Inc. (LI US) is looking to raise about US$1.5bn in its primary follow-on offering. Proceeds raised will be used for R&D purposes and capex.
534 Views