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- Wall St slips as Gulf tensions send oil to over six-week high
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Nio’s (NIO) Hungary Plant Ships First Battery Swap Station to Germany
September 19, 2022 11:46 AM EDTChinese 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
BoA Bullish on Nio Inc. (NIO) After Meeting with Management
September 19, 2022 8:25 AM EDTShares 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
A Slow September Start Frustrates EV Investor Confidence in China
September 15, 2022 7:46 AM EDTWeak 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
