SunCar Technology (SDA) Announces Service Agreement with Nio Auto (NIO)
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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
