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BennieTeoh

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- BennieTeohBennieTeoh
  ·2024-03-03
  $Tiger Brokers(TIGR)$ Anyone knows when is the next earning result?
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- BennieTeohBennieTeoh
  ·2024-03-03
  $Tiger Brokers(TIGR)$ Excellent idea. Definitely prefer shares
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- BennieTeohBennieTeoh
  ·2022-03-05
  Nice
  TSLA Stock Starts to Rev Up on Berlin Gigafactory Approval
  Despite general weakness in the market, shares of Tesla(NASDAQ:TSLA) are outperforming both the S&P
  TSLA Stock Starts to Rev Up on Berlin Gigafactory Approval
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- BennieTeohBennieTeoh
  ·2022-01-03
  Nice
  China to Cut EV Subsidies By 30% In 2022: What That Means For Tesla, Nio, XPeng And Others
  China has confirmed subsidy reduction for new energy vehicles (NEV), beginning in 2022, and it is ea
  China to Cut EV Subsidies By 30% In 2022: What That Means For Tesla, Nio, XPeng And Others
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- BennieTeohBennieTeoh
  ·2021-12-31
  Nice. Go V
  @Kbchoo：
  $Visa(V)$faster
  $Visa(V)$faster
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Definitely prefer shares&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> Excellent idea. Definitely prefer shares&nbsp;","text":"$Tiger Brokers(TIGR)$ Excellent idea. Definitely prefer shares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":3,"link":"https://ttm.financial/post/280193126498544","isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031320850,"gmtCreate":1646445578342,"gmtModify":1676534130498,"author":{"id":"3563064702546637","authorId":"3563064702546637","name":"BennieTeoh","avatar":"https://static.tigerbbs.com/3906edd3574d55f10127199719df6ffe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563064702546637","authorIdStr":"3563064702546637"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031320850","repostId":"1191742725","repostType":2,"repost":{"id":"1191742725","kind":"news","pubTimestamp":1646437455,"share":"https://ttm.financial/m/news/1191742725?lang=&edition=full_marsco","pubTime":"2022-03-05 07:44","market":"us","language":"en","title":"TSLA Stock Starts to Rev Up on Berlin Gigafactory Approval","url":"https://stock-news.laohu8.com/highlight/detail?id=1191742725","media":"InvestorPlace","summary":"Despite general weakness in the market, shares of Tesla(NASDAQ:TSLA) are outperforming both the S&P ","content":"<html><head></head><body><p>Despite general weakness in the market, shares of <b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) are outperforming both the <b>S&amp;P 500</b>and<b>Nasdaq 100</b>today. However, the leading electric vehicle (EV) maker has still lost more than 25% of its market capitalization since the start of the year. On the bright side, Tesla announced this morning that it had received conditional approval to commence commercial production for its Brandenburg, Germany, gigafactory.</p><p>TSLA Stock: Tesla Receives Conditional Gigafactory Approval</p><p>Following months of delays, Brandenburg’s state environment office finally gave Tesla a conditional license to begin commercial production. At full capacity, the gigafactory is projected to produce up to500,000 EVs per year. Additionally, Tesla has already hired 3,000 workers to work at the gigafactory.</p><p>However, investors should note that the license is conditional. What this means is that Tesla must first wait for a “public objection period” and pass other inspection policies before starting production. These inspection policies include checking for air pollution control and water usage. Including the objection period and inspection policies, Tesla must satisfy about 400 conditions before starting production. The EV maker has stated that it plans to satisfy these conditions within two weeks.</p><p>Tesla’s two-week timeline to satisfy conditions may not come to fruition. This is because the public objection period will remain open for two weeks. Afterward, Brandenburg will accept public comments for one month. However, it does seem like Tesla is in the final stretch of beginning production in Brandenburg.</p><p>Local Environmental Groups Opposes Tesla Gigafactory</p><p>One other potential roadblock in Tesla’s plan comes from local environmental groups and residents who disapprove of the new factory. As one local resident explained, “The local populace here has been told for years to reduce its water use. Then the richest man in the world comes along and gets everything laid out at his feet. … There’s something wrong with the system.”</p><p>In opposition of the gigafactory, two local Brandenburg environmental groups will engage in an administrative court hearing today. The purpose of the hearing is to discuss the gigafactory’s water usage. The groups claim that the Brandenburg environmental ministry did not conduct sufficient reviews before approving Tesla for a water utility license. Furthermore, the group claims that the gigafactory will use 1.4 million cubic meters of water annually, which will reduce the supply of drinking water to surrounding regions. That amount is enough to supply a 30,000-person town for a year.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSLA Stock Starts to Rev Up on Berlin Gigafactory Approval</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSLA Stock Starts to Rev Up on Berlin Gigafactory Approval\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-05 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/tsla-stock-starts-to-rev-up-on-berlin-gigafactory-approval/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite general weakness in the market, shares of Tesla(NASDAQ:TSLA) are outperforming both the S&P 500andNasdaq 100today. However, the leading electric vehicle (EV) maker has still lost more than 25%...</p>\n\n<a href=\"https://investorplace.com/2022/03/tsla-stock-starts-to-rev-up-on-berlin-gigafactory-approval/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2022/03/tsla-stock-starts-to-rev-up-on-berlin-gigafactory-approval/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191742725","content_text":"Despite general weakness in the market, shares of Tesla(NASDAQ:TSLA) are outperforming both the S&P 500andNasdaq 100today. However, the leading electric vehicle (EV) maker has still lost more than 25% of its market capitalization since the start of the year. On the bright side, Tesla announced this morning that it had received conditional approval to commence commercial production for its Brandenburg, Germany, gigafactory.TSLA Stock: Tesla Receives Conditional Gigafactory ApprovalFollowing months of delays, Brandenburg’s state environment office finally gave Tesla a conditional license to begin commercial production. At full capacity, the gigafactory is projected to produce up to500,000 EVs per year. Additionally, Tesla has already hired 3,000 workers to work at the gigafactory.However, investors should note that the license is conditional. What this means is that Tesla must first wait for a “public objection period” and pass other inspection policies before starting production. These inspection policies include checking for air pollution control and water usage. Including the objection period and inspection policies, Tesla must satisfy about 400 conditions before starting production. The EV maker has stated that it plans to satisfy these conditions within two weeks.Tesla’s two-week timeline to satisfy conditions may not come to fruition. This is because the public objection period will remain open for two weeks. Afterward, Brandenburg will accept public comments for one month. However, it does seem like Tesla is in the final stretch of beginning production in Brandenburg.Local Environmental Groups Opposes Tesla GigafactoryOne other potential roadblock in Tesla’s plan comes from local environmental groups and residents who disapprove of the new factory. As one local resident explained, “The local populace here has been told for years to reduce its water use. Then the richest man in the world comes along and gets everything laid out at his feet. … There’s something wrong with the system.”In opposition of the gigafactory, two local Brandenburg environmental groups will engage in an administrative court hearing today. The purpose of the hearing is to discuss the gigafactory’s water usage. The groups claim that the Brandenburg environmental ministry did not conduct sufficient reviews before approving Tesla for a water utility license. Furthermore, the group claims that the gigafactory will use 1.4 million cubic meters of water annually, which will reduce the supply of drinking water to surrounding regions. That amount is enough to supply a 30,000-person town for a year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":646,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001320553,"gmtCreate":1641173141192,"gmtModify":1676533578846,"author":{"id":"3563064702546637","authorId":"3563064702546637","name":"BennieTeoh","avatar":"https://static.tigerbbs.com/3906edd3574d55f10127199719df6ffe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563064702546637","authorIdStr":"3563064702546637"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001320553","repostId":"1154309326","repostType":4,"repost":{"id":"1154309326","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1641170534,"share":"https://ttm.financial/m/news/1154309326?lang=&edition=full_marsco","pubTime":"2022-01-03 08:42","market":"us","language":"en","title":"China to Cut EV Subsidies By 30% In 2022: What That Means For Tesla, Nio, XPeng And Others","url":"https://stock-news.laohu8.com/highlight/detail?id=1154309326","media":"Benzinga","summary":"China has confirmed subsidy reduction for new energy vehicles (NEV), beginning in 2022, and it is ea","content":"<html><head></head><body><p>China has confirmed subsidy reduction for new energy vehicles (NEV), beginning in 2022, and it is early to assess whether it will impact EV adoption in the hot-and-happening Chinese economy. NEVs include EVs, plug-in hybrids and hydrogen fuel-cell energy vehicles.</p><p><img src=\"https://static.tigerbbs.com/c7c6c88cc98e5c683282b444ec94922f\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"/></p><p><b>What Happened:</b>China will slash NEV subsidies by 30% in the new year, the country&#39;s Ministry of Finance confirmed in a statement on its website. Subsidies will be withdrawn completely at the end of the year, the ministry added.</p><p>Subsidies for NEVs meant for public transport will be lowered by 20%. China has set a target of NEVs accounting for 20% of new vehicles sold by 2025.</p><p><b>Why It&#39;s Important:</b>In an anticipatory move,<b>Nio, Inc.</b> announced in early December if a customer preorders a vehicle with a deposit before midnight on Dec. 31, 2021 and takes delivery before March 31, 2022, it will absorb the difference between the old subsidy and the new subsidy, according to CnEVPost.</p><p>Nio can also benefit from another provision laid out by the government. China&#39;s NEV subsidy policy dictates that models with a pre-subsidy price of over 300,000 yuan ($47,200) are not eligible for subsidies, except those that support battery swapping, CnEVPost said in another report.</p><p>All of Nio&#39;s current models are priced above 300,000 yuan before subsidies, although the EV maker is speculated to be working on a mass market model under a different brand name.The company reportedly does not set different subsidies for different models, but rather base them on the model&#39;s battery pack.</p><p>Individual consumers are eligible to receive a subsidy of 11,340 yuan for a model with a standard 75 kilowatt-hour battery pack, and 12,600 yuan for a 100 kWh battery pack, the report said, citing the company&#39;s latest subsidy package. Companies purchasing a Nio vehicle get 70% of the amount available to individual consumers, according to the report.</p><p>Nio&#39;s domestic rival <b>XPeng, Inc.</b> is also looking to scale back purchase benefits to customers by about half, keeping in mind the subsidy cut, CnEVPost reported, citing local media outlet Auto-time. This is applicable to all theXPeng&#39;sthree models currently on the market, namely the G3i, P5 and P7.</p><p><b>Tesla, Inc.</b>, meanwhile, is continuing with a price hike spree amid the subsidy cut taking effect in China.</p><p>Tesla announced Friday it is raising prices of its made-in-China, or MIC, Model 3 vehicles to 265,652 yuan after subsidy, up 10,000 yuan or 3.9%, according to South China Morning Post. As A As recently as late November, the company instituted a price increase of 4,752 yuan.</p><p>The price of the Model Y SUV was also hiked by 7.5% to 301,840 yuan, the report added. The SUV will no longer qualify for subsidies.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China to Cut EV Subsidies By 30% In 2022: What That Means For Tesla, Nio, XPeng And Others</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina to Cut EV Subsidies By 30% In 2022: What That Means For Tesla, Nio, XPeng And Others\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-01-03 08:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China has confirmed subsidy reduction for new energy vehicles (NEV), beginning in 2022, and it is early to assess whether it will impact EV adoption in the hot-and-happening Chinese economy. NEVs include EVs, plug-in hybrids and hydrogen fuel-cell energy vehicles.</p><p><img src=\"https://static.tigerbbs.com/c7c6c88cc98e5c683282b444ec94922f\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"/></p><p><b>What Happened:</b>China will slash NEV subsidies by 30% in the new year, the country&#39;s Ministry of Finance confirmed in a statement on its website. Subsidies will be withdrawn completely at the end of the year, the ministry added.</p><p>Subsidies for NEVs meant for public transport will be lowered by 20%. China has set a target of NEVs accounting for 20% of new vehicles sold by 2025.</p><p><b>Why It&#39;s Important:</b>In an anticipatory move,<b>Nio, Inc.</b> announced in early December if a customer preorders a vehicle with a deposit before midnight on Dec. 31, 2021 and takes delivery before March 31, 2022, it will absorb the difference between the old subsidy and the new subsidy, according to CnEVPost.</p><p>Nio can also benefit from another provision laid out by the government. China&#39;s NEV subsidy policy dictates that models with a pre-subsidy price of over 300,000 yuan ($47,200) are not eligible for subsidies, except those that support battery swapping, CnEVPost said in another report.</p><p>All of Nio&#39;s current models are priced above 300,000 yuan before subsidies, although the EV maker is speculated to be working on a mass market model under a different brand name.The company reportedly does not set different subsidies for different models, but rather base them on the model&#39;s battery pack.</p><p>Individual consumers are eligible to receive a subsidy of 11,340 yuan for a model with a standard 75 kilowatt-hour battery pack, and 12,600 yuan for a 100 kWh battery pack, the report said, citing the company&#39;s latest subsidy package. Companies purchasing a Nio vehicle get 70% of the amount available to individual consumers, according to the report.</p><p>Nio&#39;s domestic rival <b>XPeng, Inc.</b> is also looking to scale back purchase benefits to customers by about half, keeping in mind the subsidy cut, CnEVPost reported, citing local media outlet Auto-time. This is applicable to all theXPeng&#39;sthree models currently on the market, namely the G3i, P5 and P7.</p><p><b>Tesla, Inc.</b>, meanwhile, is continuing with a price hike spree amid the subsidy cut taking effect in China.</p><p>Tesla announced Friday it is raising prices of its made-in-China, or MIC, Model 3 vehicles to 265,652 yuan after subsidy, up 10,000 yuan or 3.9%, according to South China Morning Post. As A As recently as late November, the company instituted a price increase of 4,752 yuan.</p><p>The price of the Model Y SUV was also hiked by 7.5% to 301,840 yuan, the report added. The SUV will no longer qualify for subsidies.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","LI":"理想汽车","TSLA":"特斯拉","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154309326","content_text":"China has confirmed subsidy reduction for new energy vehicles (NEV), beginning in 2022, and it is early to assess whether it will impact EV adoption in the hot-and-happening Chinese economy. NEVs include EVs, plug-in hybrids and hydrogen fuel-cell energy vehicles.What Happened:China will slash NEV subsidies by 30% in the new year, the country's Ministry of Finance confirmed in a statement on its website. Subsidies will be withdrawn completely at the end of the year, the ministry added.Subsidies for NEVs meant for public transport will be lowered by 20%. China has set a target of NEVs accounting for 20% of new vehicles sold by 2025.Why It's Important:In an anticipatory move,Nio, Inc. announced in early December if a customer preorders a vehicle with a deposit before midnight on Dec. 31, 2021 and takes delivery before March 31, 2022, it will absorb the difference between the old subsidy and the new subsidy, according to CnEVPost.Nio can also benefit from another provision laid out by the government. China's NEV subsidy policy dictates that models with a pre-subsidy price of over 300,000 yuan ($47,200) are not eligible for subsidies, except those that support battery swapping, CnEVPost said in another report.All of Nio's current models are priced above 300,000 yuan before subsidies, although the EV maker is speculated to be working on a mass market model under a different brand name.The company reportedly does not set different subsidies for different models, but rather base them on the model's battery pack.Individual consumers are eligible to receive a subsidy of 11,340 yuan for a model with a standard 75 kilowatt-hour battery pack, and 12,600 yuan for a 100 kWh battery pack, the report said, citing the company's latest subsidy package. Companies purchasing a Nio vehicle get 70% of the amount available to individual consumers, according to the report.Nio's domestic rival XPeng, Inc. is also looking to scale back purchase benefits to customers by about half, keeping in mind the subsidy cut, CnEVPost reported, citing local media outlet Auto-time. This is applicable to all theXPeng'sthree models currently on the market, namely the G3i, P5 and P7.Tesla, Inc., meanwhile, is continuing with a price hike spree amid the subsidy cut taking effect in China.Tesla announced Friday it is raising prices of its made-in-China, or MIC, Model 3 vehicles to 265,652 yuan after subsidy, up 10,000 yuan or 3.9%, according to South China Morning Post. As A As recently as late November, the company instituted a price increase of 4,752 yuan.The price of the Model Y SUV was also hiked by 7.5% to 301,840 yuan, the report added. The SUV will no longer qualify for subsidies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003174662,"gmtCreate":1640917324483,"gmtModify":1676533554819,"author":{"id":"3563064702546637","authorId":"3563064702546637","name":"BennieTeoh","avatar":"https://static.tigerbbs.com/3906edd3574d55f10127199719df6ffe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563064702546637","authorIdStr":"3563064702546637"},"themes":[],"htmlText":"Nice. Go V","listText":"Nice. Go V","text":"Nice. Go V","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003174662","repostId":"9003196415","repostType":1,"repost":{"id":9003196415,"gmtCreate":1640906781561,"gmtModify":1676533552553,"author":{"id":"4090917315083020","authorId":"4090917315083020","name":"Kbchoo","avatar":"https://static.tigerbbs.com/4ca82a5f426c35eb7c3d97d11b3bdc1b","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4090917315083020","authorIdStr":"4090917315083020"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/V\">$Visa(V)$</a>faster","listText":"<a href=\"https://ttm.financial/S/V\">$Visa(V)$</a>faster","text":"$Visa(V)$faster","images":[{"img":"https://static.itradeup.com/news/4f9d7545acc42637421f23965365b0de","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003196415","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}