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September 21, 2022 10:53 AM EDT
Leapmotor, a Chinese electric vehicle company based in Hangzhou, announced on Tuesday that the company will issue 131 million shares on the Hong Kong Stock Exchange at a price of HK $48 to HK $62 ($6.12 $7.9) per share. Shares in the electric vehicle maker will start trading on September 29th. With an upper limit of HK $62, the market value of Leapmotor is estimated at about HK $70.848 billion ($9.03 billion), and the highest... More
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
