Tag: $Nio

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.

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.