electric vehicle (EV) manufacturers

Broker's Calls

Morningstar pushes back Nio’s breakeven timeline, reduces fair value estimate following 3QFY2024 earnings release

Morningstar analyst Vincent Sun maintains a “four star” rating on Nio.

Electric vehicles

China’s EV makers taking longer to pay bills amid rising stress

Nio Inc. was taking around 295 days to clear its receipts payable at the end of 2023 versus 197 days in 2021.
Hyundai brings back car assembly with highly-automated EV plant - THE EDGE SINGAPORE

Electric vehicles

Hyundai brings back car assembly with highly-automated EV plant

Hyundai's EV plant in Singapore reimagines car assembly.
Chinese EV market taking a breather, long-term growth prospects remain - THE EDGE SINGAPORE

China Focus

Chinese EV market taking a breather, long-term growth prospects remain

The intensifying competition in China’s EV market could result in the number of manufacturers shrinking from a pool of some 200.

Results

Nio Inc delivers 10,059 vehicles in October, up 174.3% y-o-y

Cumulatively, Nio delivered 259,563 vehicles as at Oct 31.

Electric vehicles

NIO’s vehicle delivery levels sees 81.6% increase y-o-y

The production and delivery of the ES7 has begun to ramp up steadily, where 398 ES7s were delivered to users in August.

Electric vehicles

Sony explores selling EVs, joining tech rush into red-hot arena

The stock jumped as much as 4.7% in Tokyo on Wednesday.

IPO

EV battery maker SES agrees to go public via SPAC merger

The deal will value the combined company at about US$3.6 bil, according to people familiar with the matter.
Ninety One’s Global Environment Fund still outperforms even without soaring EV manufacturers - THE EDGE SINGAPORE

Funds

Ninety One's Global Environment Fund still outperforms even without soaring EV manufacturers

Does not the exclusion of EV manufacturers illustrate the limitation of the fund’s ability to generate higher alpha?
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