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Toyota has launched the bZ5 coupe SUV in China, starting at $18,070, as part of its joint venture with FAW. The vehicle features BYD's blade batteries, offers four variants, and boasts a range of up to 630 kilometers with a peak power of 200 kW. This move marks a strategic comeback for joint-venture automakers in the competitive EV market, following Nissan's successful N7 launch.
Nio is reportedly in discussions to sell a stake in a key asset as part of its strategy to enhance liquidity. The company's cash position has significantly declined, with a negative shareholders' equity reported at the end of the first quarter, although it maintains sufficient resources for operations over the next year. Recent partnerships with CATL may indicate the asset in question is related to battery operations, as CATL has shown interest in acquiring a controlling stake in Nio Power.
Nio reported a net loss of RMB 6.75 billion in Q1, a 30.19% year-on-year increase, driven by rising R&D and marketing expenses. Revenue reached RMB 12.03 billion, below analyst expectations, with vehicle deliveries at 42,094, up 40.07% year-on-year but down 42.09% from Q4 2024. The company anticipates Q2 deliveries between 72,000 and 75,000 units, projecting revenue of RMB 19.5 billion to RMB 20.07 billion.
Spotlight Automotive, the joint venture between BMW and Great Wall Motor, is recalling 70 electric Mini vehicles due to potential overheating risks from battery production issues. The recall affects 55 Mini Coopers and 15 Mini Acemans produced between June and September 2024. Affected vehicles will receive free replacement of defective battery modules to address safety concerns.
Avatr has officially launched the Avatr 11 SUV in Hong Kong, starting at HKD 513,800 ($65,540), as part of its international expansion. The company reported a significant year-on-year sales increase of 82.84%, with 36,164 vehicles sold from January to April. Additionally, the limited-edition Avatr 012 sedan was showcased, co-designed by Nader Faghihzadeh and Kim Jones, targeting a high-end market.
UBS has upgraded FinVolution Group (NYSE: FINV) from Neutral to Buy, raising the price target from $11.80 to $12.10, citing strong Q1 2025 results driven by margin expansion and improved asset quality. The company reported a total transaction volume of RMB52.1 billion and an outstanding loan balance of RMB74.1 billion, reflecting year-over-year increases of 7.9% and 13.5%, respectively. With a healthy liquidity position of RMB8.5 billion, FinVolution is well-positioned to navigate global macro uncertainties while focusing on enhancing shareholder returns.
UBS has upgraded Shanghai Bairun Investment's rating from Neutral to Buy, raising the target price from RMB 20.60 to RMB 30.36, driven by optimism in the company's whiskey business. Despite concerns over the ready-to-drink wine segment, first quarter 2025 results show an 11% improvement in sales, with expectations for continued growth. UBS's earnings forecasts are notably above consensus, reflecting confidence in Bairun's financial performance and growth potential.
Morgan Stanley has upgraded Shenzhen Inovance Tech's stock rating from Equalweight to Overweight, raising the price target to RMB77.00 from RMB75.00, despite a 12-13% reduction in net profit forecasts for 2025-26 due to lower-than-expected 2024 results and increased operating expenses.The analysts employed a sum-of-the-parts valuation, increasing the price-to-earnings multiple for Inovance’s existing business to 35 times estimated earnings for 2025. They project the humanoid robots segment will generate around RMB6 billion in revenue, reflecting a growing market share and a positive outlook for the company.
Morgan Stanley upgraded Leader Harmonious Drive Systems from Underweight to Equal-weight, maintaining a price target of RMB138. The revision follows a decrease in net profit forecasts for 2025 and 2026 due to weaker financial results and increased competition in the harmonic reducer market. Despite challenges, the firm sees potential in the humanoid robotics sector, valuing the core business and robotics segment at RMB25 and RMB113 per share, respectively.
UBS has upgraded KE Holdings' stock rating from Neutral to Buy, raising the price target to $23, driven by improved margins and a turnaround in its home renovation business. The company reported a 42.4% year-over-year revenue increase in Q1 2025, surpassing expectations, despite a decline in mobile active users. Morgan Stanley also adjusted its price target to $24, citing macroeconomic challenges but maintaining a positive long-term earnings outlook.
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Toyota unveils bZ5 coupe SUV with BYD batteries starting at 18070 dollars
15:30 10.06.2025
nio explores stake sale in key asset to enhance liquidity
03:47 04.06.2025
Nio reports increased net loss and lower revenue in first quarter results
13:26 03.06.2025
BMW recalls 70 electric Minis in China over battery overheating risk
12:06 30.05.2025
Avatr launches Avatr 11 SUV in Hong Kong expanding international presence
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04:05 30.05.2025
UBS Upgrades FinVolution Stock on Strong Q1 Results and Growth Potential
10:01 24.05.2025
ubs upgrades shanghai bairun to buy raises target price to rmb 30.36
10:55 19.05.2025
Morgan Stanley upgrades Inovance Tech stock rating and raises price target
07:24 19.05.2025
Morgan Stanley upgrades Leader Harmonious stock amid profit forecast revisions
06:40 19.05.2025
ubs upgrades ke holdings to buy with price target of 23 dollars
14:58 16.05.2025
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