Tag: $Nio

SHANGHAI, Sept 28 (Reuters) – Nio (9866.HK) has held exploratory talks with Mercedes-Benz (MBGn.DE) for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said.

Chinese electric-vehicle maker NIO  said it was offering $1 billion of convertible bonds, joining other EV companies Nikola and Fisker  in raising funds in this manner.

Chinese electric-vehicle delivery numbers were released just as September begins. They are key for many EV makers, including leaders Tesla +0.46% and BYD 1211 +0.41% . They are also key for investors who want to see strong demand.

Chinese electric vehicle producer NIO  has set a date for the launch of its own phone. It’s a sign of the increasing integration between smartphone and automotive technology and the race to capture the associated revenue. 

Second-quarter results from Chinese electric vehicle start-up NIO +1.75% were worse than expected. The stock wasn’t taking much of a hit in early trading though because the third quarter is looking much better.

Early results for Chinese electric-vehicle deliveries have been released. They were excellent. That’s a positive for Tesla , BYD , and other auto makers selling battery-powered vehicles in the world’s largest new car market.

The government of Abu Dhabi is taking a 7% stake in Nio Inc. and will gain a board seat, giving the electric carmaker a capital infusion as it contends with losses and uncertain demand in China’s competitive EV market.

NIO shares rose in early Hong Kong trade, extending gains for a fifth straight trading day amid renewed enthusiasm for electric-vehicle makers and in the wake of the launch of its first electric station wagon.

Wall Street is cutting price targets on shares of NIO as the Chinese electric-vehicle maker cuts prices for its vehicles. Both items are potentially bad news for investors.

Nio A ADR (NYSE: NIO) reported second quarter EPS of ¥-2.51, ¥0.12 better than the analyst estimate of ¥-2.63. Revenue for the quarter came in at ¥10.68B versus the consensus estimate of ¥11.93B.