Nio (NIO) to launch mobile phone in September
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Chinese EV rivals shine in August, Li Auto (LI) hits record sales
September 1, 2023 8:42 AM EDTTeslas (NASDAQ: TSLA) Chinese rivals reported impressive August delivery numbers on Friday with Li Auto (NASDAQ: LI) achieving an all-time high in sales. XPeng (XPEV) reported its strongest month in over a year, while Nio (NYSE: NIO) came close to achieving a new delivery record.
Li Auto (LI)
Li Auto recorded a 2.3% increase in deliveries, with 34,914 vehicles delivered in August compared to the previous record of 34,134 vehicles in July and an astonishing 664% surge... More
Mizuho cuts price target on Nio (NIO) while raising delivery estimates
August 30, 2023 3:23 PM EDTMizuho reiterated a Buy rating on Nio Inc. (NYSE: NIO) but cut their 12-month price target on the stock to $18.00 (From $20.00) after the Chinese electric automaker reported its 2Q earnings report.
NIO reported 2Q revenues of RMB 8.77B, missing the consensus estimate of RMB 9.51B. Deliveries for the quarter were down 24% compared to the first 3 months of the year. However, management... More
SunCar (SDA) renews service agreement with Nio (NIO) for 1 year
August 30, 2023 2:11 PM EDTChinese digital automotive after-sales service provider, SunCar Technology (NASDAQ: SDA) announced today that it has renewed its one-year insurance intermediation service agreement with electric automaker, Nio Inc. (NYSE: NIO).
We have witnessed strong growth momentum for NEVs in... More
NIO (NIO) PT Raised to $10.50 at JPMorgan
August 30, 2023 7:18 AM EDTJPMorgan analyst Nick Lai raised the price target on NIO (NYSE: NIO) to $10.50 (from $9.00) while maintaining a Neutral rating.... More
China's Nio to launch first mobile phone in Sept to boost appeal of EV
August 30, 2023 2:15 AM EDTSHANGHAI (Reuters) - Nio plans to launch its first self-developed mobile telephone in late September, the Chinese electric vehicle maker said, aiming to improve the appeal of its cars with better software and connectivity.
It becomes China's latest automaker to join a trend of rolling out car systems that allow drivers to use their smartphones to remotely open doors, turn on air-conditioning or start their cars, among other functions.
Nio's founder and chief executive,... More
NIO (NIO) PT Lowered to $8 at Bernstein
August 29, 2023 11:38 PM EDTBernstein analyst Eunice Lee lowered the price target on NIO (NYSE: NIO) to $8.00 (from $9.00) while maintaining a Market Perform rating.... More
Citi Reiterates Buy Rating on NIO Inc (9866:HK) (NIO)
August 29, 2023 11:34 PM EDTCiti analyst Jeff Chung reiterated a Buy rating and HK$147.90 price target on NIO Inc (9866:HK) (NYSE: NIO).
... MoreNIO (NIO) PT Lowered to $15 at BofA Securities
August 29, 2023 11:26 PM EDTBofA Securities analyst Ming Hsun Lee lowered the price target on NIO (NYSE: NIO) to $15.00 (from $16.20) while maintaining a Buy rating.... More
Stock market today: Dow ends higher as weak economy data boosts Fed pause bets
August 29, 2023 4:38 PM EDTInvesting.com -- The Dow closed higher Tuesday, as Treasury yields slipped after weaker economic data stoked optimism that the Federal Reserve will likely skip rate hikes in September.
The Dow Jones Industrial Average rose 0.9%, 292 points, Nasdaq was up 1.7%, and the S&P 500 rose 1.5% higher.
Treasury yields wobble after consumer confidence, job openings come up short
Treasury yields continued to ease as the latest economic data showing an unexpected fall in consumer confidence and a surprise drop in job openings pushed up bets that the Fed is likely to stand pat on rates in... More
S&P 500 rides tech higher as Treasury yields drop on soft economic data
August 29, 2023 4:04 PM EDTInvesting.com -- The S&P 500 rose Tuesday, as data pointing to a softer economy pushed Treasury yields lower as investors boosted bets that the Federal Reserve will likely skip rate hikes in September.
The S&P 500 rose 1% higher, the Dow Jones Industrial Average fell 0.8%, 277 points, Nasdaq was up 1.7%.
Treasury yields wobble after consumer confidence, jobs come up short
Treasury yields continued to ease as the latest economic data showing an unexpected fall in consumer confidence and a surprise drop in job openings pushed up bets that the Fed is likely to... More
NIO (NIO) PT Lowered to $18 at Mizuho Securities
August 29, 2023 3:51 PM EDTMizuho Securities analyst Vijay Rakesh lowered the price target on NIO (NYSE: NIO) to $18.00 (from $20.00) while maintaining a Buy rating following earnings.
The analyst commented, "Looking out, we see: 1) SepQ GM tailwinds with mix/ramps, 2) battery costs improving (Lithium... More
Best Buy, 3M, Oracle and AT&T rise premarket; Salesforce falls
August 29, 2023 8:17 AM EDTInvesting.com -- U.S. futures traded largely unchanged Tuesday, with investors warily awaiting a deluge of economic data this week, culminating with Friday's monthly employment report.
Here are some of the biggest premarket U.S. stock movers today:
Best Buy (NYSE:... More
These 3 China stocks were being sold down the most by US hedge funds in August - MS
August 29, 2023 6:51 AM EDTThe Nasdaq Golden Dragon China Index has experienced a decline of 15% month-to-date (MTD), effectively erasing the gains it had achieved in July.
According to Morgan Stanley analysts, this selloff has coincided with U.S. hedge funds adopting a strategy of reducing the risk associated with the Chinese equities... More
EV maker Nio offers strong guidance after Q2 underperformance
August 29, 2023 6:26 AM EDTNIO Inc. (NYSE: NIO) shares rose about 3% in early Tuesday trade after the Chinese electric vehicle (EV) maker reported its financial results for the second quarter.
The company posted an adjusted operating loss of 5.46 billion yuan, worse than the estimated loss of 4.78B yuan. Revenue... More
NIO Inc. (NIO) Misses Q2 EPS, Revenue; Sees Q3 Revenue Up ~50%
August 29, 2023 6:18 AM EDTNIO Inc. (NYSE: NIO) reported Q2 EPS of (RMB3.28), RMB0.32 worse than the analyst estimate of (RMB2.96). Revenue for the quarter came in at RMB8.77 billion versus the consensus estimate of RMB9.16 billion.
Vehicle deliveries were 23,520 in the second quarter of 2023, consisting of 10,492... More
NIO Inc. (NIO) Delivers 23,520 EVs in Q2; Guides Q3 Deliveries of 55K-57K
August 29, 2023 6:16 AM EDT(Updated - August 29, 2023 6:18 AM EDT)
NIO Inc. (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2023.
Operating Highlights for the Second Quarter of 2023
Vehicle deliveries were 23,520 in the second quarter of 2023, consisting of 10,492 premium smart electric SUVs and 13,028 premium smart electric sedans, representing a decrease of 6.1% from the second quarter of 2022, and a decrease of 24.2% from the first quarter of... MoreFutures little changed ahead of data deluge - what's moving markets
August 29, 2023 5:51 AM EDTInvesting.com -- U.S. stock futures edge up as traders look ahead to key economic data and new company results this week. Elsewhere, Google reportedly eyes plans to sell its mapping data to companies building renewable energy products, while Mark Zuckerberg, Elon Musk and other tech industry leaders are invited to Washington for a forum discussing the possible pitfalls of generative artificial intelligence.
1. U.S. futures little changed
U.S. stock futures were near flat Tuesday as investors awaited the release of fresh economic data and corporate earnings (see below).
At 05:27 ET (9:27... More
NIO Inc. (NIO) option IV into quarter results
August 29, 2023 4:09 AM EDTNIO Inc. (NYSE: NIO) 30-day option implied volatility is at 73; compared to its 52-week range of 63 to 111 into quarter results.
... MoreJob openings, Nio earnings, Best Buy reports: 3 things to watch
August 28, 2023 4:24 PM EDTInvesting.com -- Stocks were rising on Monday after hawkish remarks from Federal Reserve Chair Jerome Powell last week and as investors awaited key economic reports due this week, including the jobs report for August on Friday.
The Fed has said it is watching the data as it makes its next decision on interest rates, though on Friday Powell suggested the central bank could hit... More
NIO Inc. (NIO) call put ratio 2 calls to 1 put as shares rally 1.2% into quarter results
August 28, 2023 1:09 PM EDTNIO Inc. (NYSE: NIO) 30-day option implied volatility is at 72; compared to its 52-week range of 63 to 111. Call put ratio 2 calls to 1 put as shares rally 1.2% into quarter results.
... MoreNIO Inc. (NIO) option IV at high end of range into quarter results and outlook
August 28, 2023 11:12 AM EDTNIO Inc. (NYSE: NIO) September weekly option implied volatility is at 120, September is at 85; compared to its 52-week range of 62 to 111 into the expected release of quarter results before the bell on August 29.
... MoreNIO Inc. (NIO) September weekly 10.50 straddle into quarter results
August 28, 2023 5:37 AM EDTNIO Inc. (NYSE: NIO) September weekly 10.50 straddle is priced for a move of 11% into the expected release of quarter results before the bell on August 29.
... More