Nio Inc. (NIO) reports deliveries of just under 16k units in November

Nio (NIO) gains following narrow 3Q losses

Shares of Chinese electric automaker, Nio Inc. (NYSE: NIO) jumped 4% after the company released their 3Q earnings report showing narrowing losses.

Nio announced revenue of 19.07 billion yuan in the quarter, coming in behind the consensus estimate of 19.4 billion. Revenue rose 47% year-on-year.

The automaker reported an adjusted EPS loss of 2.67 yuan, missing an expected loss of 2.53 yuan.

Investors are directing their attention towards the Chinese electric carmaker's capacity to exhibit greater... More

Nio (NIO) unit, state owned firm wins bid for JAC assets

Anhui Jianghuai Automobile (JAC) announced Tuesday that Nios (NYSE: NIO) Anhui division and a state-owned entity under the Hefei government of China successfully secured assets from JAC valued at a total of 4.58 billion yuan ($641.2 million).

Nio confirmed the deal in an exchange filing.

Under this agreement, Nio will acquire specific fixed assets and equipment from two JAC factories for 3.16 billion yuan. Additionally, Hefei... More

China releases safety guidelines for autonomous public vehicles

China released safety protocols on Tuesday governing the deployment of self-driving vehicles in public transportation, marking another step in readiness for the growing integration of autonomous cars.

The guidelines cover self-driving vehicles designated for transporting passengers, such as taxis, and those involved in freight transportation, as highlighted by the Ministry of Transport's official statement.

They specifically address... More

NIO (NIO) Mentioned Mixed at Morgan Stanley, 'stock will likely stay volatile'

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $18.70 price target on NIO (NYSE: NIO)

The analyst comments "NIO reported a net loss of Rmb4.6bn in 3Q23 (vs. Rmb6.1bn loss in 2Q23) vs. the market's expectation of an Rmb5.5-6bn loss. Total revenue grew... More

XPeng (XPEV) G9 places third in Denmark’s 2024 Car of the Year

XPeng Motors (NYSE: XPEV), a prominent Chinese electric vehicle manufacturer, clinched the third position in Denmark's Car of the Year 2024 awards last week with their leading XPeng G9 SUV.

Organized by the association of Danish Motor Journalists, Denmarks prestigious Car of the Year award celebrates vehicles... More

Nio (NIO) awarded manufacturing license to build cars in China

According to the Chinese ministrys website. electric vehicle maker, Nio (NYSE: NIO) has recently been included in a database by the Chinese industry that allows companies to manufacture vehicles within the country, as stated on the ministry's website.

Specific information regarding the timing or issuance of a manufacturing license to Nio was not provided on the... More

XPeng (XPEV) delivers more than 20k EVs in November

Electric automaker, XPeng (NYSE: XPEV) announced Friday that the Chinese car company had delivered 20,041 Smart EVs in November, representing a 245% increase over the same time last year.

The announcement also marks the companys second consecutive month of 20,000 or more deliveries.

XPeng has seen continuous monthly growth in vehicle deliveries for the... More

Li Auto (LI) passes 300k EV delivery goal a month early

Chinese electric automaker, Li Auto announced Friday that the company delivered 41,030 vehicles in November 2023, a 172.9% increase over the same time last year.

The automakers cumulative year-to-date deliveries reached 325,677 as of the end of November 2023, surpassing the companys 2023 target of 300,000 vehicles ahead of schedule.

Bolstered by the strong growth momentum of our three Li L series models, our monthly deliveries have exceeded 40,000 vehicles for two consecutive... More

NIO (NIO) delivered 15,959 vehicles in November 2023, up 12.6%

NIO Inc. (NYSE: NIO) announced its November 2023 delivery results.

NIO delivered 15,959 vehicles in November 2023, increasing by 12.6% year-over-year. The deliveries consisted of 10,545 premium smart electric SUVs, and 5,414 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 431,582 as of November 30, 2023.

NIO Inc. (NIO) December weekly 7.5 straddle into quarter results

NIO Inc. (NYSE: NIO) December weekly 7.5 straddle is priced for a move of 11% into the expected release of quarter results before the bell on December 5.

XPeng's (XPEV) G9 wins People's Favorite car of the year award in Norway

Xpeng Motors (NYSE: XPEV) announced Thursday that their XPENG G9 electric vehicle has become the first Chinese branded vehicle to win "People's Favorite 2024" in Norway's renowned Car of The Year awards.

"People's Favorite" is part of the esteemed Car of the Year 2024 award, an event orchestrated for the nineteenth consecutive year by Dagbladet in partnership with media outlets... More

Mercedes-Benz teams with BMW to expand EV charging in China

German automaker, Mercedes-Benz disclosed Thursday its successful negotiation with BMW to establish a collaborative partnership to focus on a robust charging network for high-powered electric vehicles in China.

The company, in its statement, outlined plans to install a minimum of 1,000 high-power charging stations, adding around 7,000 charging points across... More

Chinese EV maker Zeekr delays U.S. IPO

According to sources familiar with the matter, Zeekr, a high-end electric vehicle (EV) label under the Chinese automotive giant Geely, has put their planned U.S. initial public offering (IPO) on hold due to differing valuation expectations.

Amidst shaky global financial markets, a third source mentioned that the decision to delay the IPO was due to the volatility. None of the sources agreed to be identified as the info hasn't been made public yet.

Zeekr, which recently filed for a prospectus to list shares in New York, expected to retain... More

NIO (NIO) PT Lowered to $11 at Deutsche Bank

Deutsche Bank analyst Vincent Ha lowered the price target on NIO (NYSE: NIO) to $11.00 (from $16.00) while maintaining a Buy rating.... More

Nio (NIO) teams with Geely to advance battery swapping in EVs

Chinese automakers Nio (NYSE: NIO) and Zhejiang Geely Holding Group, on Wednesday, announced a strategic partnership agreement focused on battery swapping.

This collaboration between the automakers involves joint efforts in setting standards, advancing technology, and developing models.

Geely, known for its diverse brands like Volvo and Zeekr, becomes the second automaker to... More

China's Nio teams up with Geely on auto battery swapping

BEIJING (Reuters) - Chinese automakers Nio and Zhejiang Geely Holding Group said on Wednesday they had signed a strategic partnership agreement on battery swapping that would see them work together on standards, technology and model development.

The deal makes Geely, whose brands range from Volvo to Zeekr, the second automaker to sign a battery swapping partnership with Chinese electric vehicle maker Nio.

Nio, which has been looking to lower costs, announced a tie-up with Changan Automobile last... More