Popular stocks increasing volume: AAL NIO NKLA F SBUX NFLX PLTR INTC AMC DKNG SQ
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September 19, 2022 11:46 AM EDT
Chinese electric car maker, Nio Inc. (NYSE: NIO) celebrated a milestone on Friday the shipment of the companys first battery swap station produced by the companys Power Europe Plant. The station, produced by NIOs first overseas plant, in Hungary, was shipped to Germany for installation.
"It... More
September 19, 2022 8:25 AM EDT
Shares of Nio Inc. (NYSE: NIO) are down almost 2% in premarket trading Monday after the company held management talks with Bank of America Securities analysts.
Bank of America hosted NIOs management post 2Q results, where the company saw a gross profit margin trough in 2Q22 and expects margin to gradually improve on a QoQ basis on better... More
September 15, 2022 7:46 AM EDT
Weak seasonality, along with sporadic COVID lockdowns hampered Chinese electric vehicle sales in early September. According to Morgan Stanley analyst, Tim Hsiao, with already suppressed market sentiment, it would take a significant sales uptick to restore investor confidence in the auto segment.
A soft start to September was anticipated due to the Mid-Autumn Festival and several city-wide lockdowns. However, a 10% WoW decline in the EV run-rate was still a surprise compared to a low-single-digit sequential decline during the holidays last... More
