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

Nio (NIO) to spin off battery unit

According to an exclusive report by Reuters, citing two unnamed sources familiar with the matter, Chinese electric vehicle maker Nio (NYSE: NIO) plans to spin off its battery manufacturing unit as part of efforts by the company to turn profitable, reduce costs and improve efficiency.

The emerging battery division, headed by experienced manufacturing engineers previously employed at Apple (NASDAQ: AAPL) and Panasonic, plans to... More

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

NIO Inc. (NIO) call put ratio 2.4 calls to 1 put into quarter results and outlook

NIO Inc. (NYSE: NIO) December weekly call option implied volatility is at 130, December is at 97; compared to its 52-week range of 56 to 92 into the expected release of quarter results before the bell on December 5. Call put ratio 2.4 calls to 1 put.

China adds Nio to list of approved vehicle manufactures - website

SHANGHAI (Reuters) - Electric vehicle maker Nio has been added to a Chinese industry ministry database permitting companies to produce vehicles in the country, according to the ministry's website.

The website gave no details on whether or when a manufacturing licence was granted to Nio, which has since 2018 partnered with Anhui Jianghuai Automobile Group (JAC) to produce electric vehicles on a contract basis.

Nio said in response to a Reuters query that it currently had no information to... More

NIO Inc. (NIO) December weekly 7 straddle into quarter results

NIO Inc. (NYSE: NIO) December weekly 7 straddle is priced for a move of 11% into the expected release of quarter results before the bell on December 5.

NIO Inc. (NIO) call put ratio 3 calls to 1 put

NIO Inc. (NYSE: NIO) December weekly call option implied volatility is at 85, December is at 71; compared to its 52-week range of 56 to 92 into the expected release of quarter results before the bell on December 5. Call put ratio 3 calls to 1 put.

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

Chinas NIO Inc. (NYSE: NIO), a prominent player in the high-end smart electric vehicle sector, released its November 2023 delivery figures on Friday.

In November 2023, NIO achieved a delivery milestone of 15,959 vehicles, marking a 12.6% increase compared to the previous year.

Among these deliveries were... 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.

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