SAI NEWSLETTER

Not much up top today outside of NIO’s recent announcement that they’ll be raising between $1.3-1.5B USD via share issuance. I can’t blame them, like Tesla, they’re just getting in when the getting is good. IN THE NEWS: -   Byton’s heavy lift. Looks like folks are working on a plan to resuscitate Byton and get the M-Byte into production sometime this month. The plan includes receiving a bailout from FAW, while also agreeing to manufacture an electric vehicle at their Nanjing

Last week we saw another China EVStartup take a big step towards maturity as Lixiang aka Li Auto IPO’d on the Nasdaq opening at $11.50 and closing up on the first day of trading at $16 where it hovers around today. Li Auto was able to raise over $1B which puts them well on their way to funding a 2nd product in the next 18 months. One detail that should be noted the makes Li different from Tesla, NIO, WM, XPeng are that they build a PHEV, not a BEV. That means their powertra