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Electric vehicle maker NIO Inc (NYSE: NIO) accelerated its European expansion, TechCrunch reports. The premium EV maker just launched its first power-swapping station in Varberg, Sweden, the company said in a LinkedIn post. Nio differentiates itself from its rivals by offering swappable batteries, which are upgradable and charge a monthly subscription fee, on top of the traditional plug-and-charge model. Also … Read more
Nio (NIO) targets a booming market for electric cars. The Chinese EV startup is preparing a year-end sales push, and shares soared Nov. 11 as China eased its zero-Covid policy. Is Nio stock a buy? X Founded in 2014, Nio, sometimes called the Tesla (TSLA) of China, went on to deliver booming sales. Like Tesla, … Read more
Mizuho analyst Vijay Rakesh maintained a Buy on NIO Inc (NYSE: NIO) and cut the price target to $34 from $40. The Tesla Inc (NASDAQ: TSLA) rival reported soft September quarter revenue and EPS and guided to weaker December quarter revenue with deliveries below consensus with ~7k production impact in October. Also Read: Warren Buffett’s Berkshire Hathaway Trim Holdings In This Tesla Competitor … Read more
NIO Inc. 9866, +18.62% shares soared in Hong Kong, tracking Wall Street gains overnight as slower-than-expected U.S. inflation buoyed markets and helped investors shrug off the Chinese electric-car maker’s earnings miss. Shares rose as much as 19% on Friday and were 13% higher at 79.30 Hong Kong dollars (US$10.11) at midday, on track for one … Read more
Chinese stocks rallied on Monday as investors continued to be optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course on “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trading, with Alibaba (ticker: BABA) rising 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) … Read more
Chinese technology stocks fell on Friday driving the Hang Seng Index to new lows. They seemed to be following U.S. investors who have fled from the sector after a string of disappointing earnings reports. Alibaba (ticker: BABA) stock was down 5% in Hong Kong, while JD.com (JD) fell around 7% and Baidu (BIDU) and Tencent … Read more
The U.S.-listed shares of China-based companies were rocked Monday, as China President Xi Jinping’s moves to consolidate power fueled fears that current policies that have led to a slowing economy will continue. Chinese leader Xi was named over the weekend to a third, five-year term as general secretary, ignoring the custom of stepping down after … Read more
Shares of Nio Inc. NIO, -3.39% bounced 3.1% in premarket trading Wednesday of a five-month low in the previous session, as part of a broader market rally in the U.S. and China. Nio’s stock had closed Tuesday at the lowest price since May 11, after plunging 23.3% during a five-session losing streak. The bounce comes … Read more
KeithBinns Nio (NYSE:NIO) unveiled more details of its products and services expansion in Europe at a launch event in Berlin. The Chinese electric vehicle maker is entering Netherlands, Denmark and Sweden following its entry into the Norwegian market last year. Nio (NIO) is offering leases on the ET7, EL7 and ET5 models and making them … Read more