Tag: $Nio

NIO’s fourth-quarter net loss unexpectedly widened as higher costs outpaced sales growth after the carmaker launched two subbrands last year amid intensifying competition in China’s electric-vehicle market.

Chinese premium electric-car maker Nio Inc. reported revenue that missed estimates and a bigger than-expected loss as it continues to weather a bruising price war.

Chinese electric vehicle maker NIO is getting fresh capital, sending shares soaring.

NIO stock rose after the Chinese electric vehicle maker reported a narrower-than-expected second-quarter loss Thursday.

Geely-owned Zeekr delivered 20,106 cars last month, bringing year-to-date deliveries to 87,870 vehicles. That’s slightly more than Nio’s 87,426 deliveries for the first six months of 2024, although Nio continued to recover from sluggish performance earlier in the year with a record 21,209 deliveries in June.

Shares of Chinese electric vehicle maker NIO were lower after the company reported weaker-than-expected sales. Things are improving though, and the car maker expects better results in the second quarter.

Investors like delivery results from NIO  the best of its peers. Shares were up in early trading as growth for the electric-vehicle maker accelerated.

Chinese electric vehicle makers Li Auto, NIO -3.64%, and XPeng reported March deliveries Monday morning. Results highlight how demand growth for all-battery electric vehicles decelerated throughout the quarter, pressuring stocks of many EV makers, including Tesla -2.25%.

Chinese electric-vehicle maker NIO reported weaker-than-expected quarterly earnings. 

Shares of Nio Inc. rose Friday, while those of fellow China-based electric vehicle maker Li Auto Inc. fell, after the companies both reported February deliveries that fell from last year and last month.

Chinese stocks slumped on Monday after the country’s central bank left interest rates unchanged, a decision that does little to inspire confidence among investors worried about a slowdown in the world’s second-largest economy.

Another month, another record for Chinese battery electric vehicle sales.

Chinese electric car maker Nio on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.

NIO shares were climbing Monday after Chinese-electric vehicle maker said it would be receiving a further $2.2 billion investment from Abu Dhabi-based investor CYVN Holdings.

Chinese electric vehicle maker NIO  could spin off its battery production arm by the end of this year, Reuters reported, citing unidentified people familiar with the plans.

Deliveries at Chinese battery electric vehicle makers Li Auto , XPeng , and NIO set a record in November.

BEIJING, Nov 29 (Reuters) – Chinese automakers Nio and Zhejiang Geely Holding Group said on Wednesday they had signed a strategic partnership agreement on battery swapping that would see them work together on standards, technology and model development.

China’s Nio plans to trim its workforce by 10% this month as it moves to improve efficiency and reduce costs in the face of growing competition, the electric vehicle maker said on Friday.

NIO reported deliveries of 16,074 vehicles in October, up from 10,059 units delivered in October 2022. In September, NIO delivered 15,461 units

SHANGHAI, Oct 18 (Reuters) – Chinese electric vehicle maker Nio is considering building a dealer network in Europe to speed up sales growth, three sources familiar with the matter said, even as China’s EVs face potential tariffs in the region.