Nio (NIO) gains following narrow 3Q losses

U.S. House votes to pause Biden EV regulations

The Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.

"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More

Tata Motors urges India to maintain EV import tax

Tata Motors is urging Indian authorities to maintain the current 100% import taxes on electric vehicles in order to safeguard the domestic industry and its investors.

This request comes as the government evaluates Tesla's intentions to enter the market.

While India aims to enhance local manufacturing and increase the adoption of electric vehicles, Tesla (NASDAQ: TSLA) is seeking to establish a factory in India... More

Swedish court rules against Tesla (TSLA) in postal service dispute

Tesla (NASDAQ: TSLA) faced a setback in a legal dispute against Sweden's postal service on Thursday amid an escalating conflict with Nordic trade unions.

A Swedish court ruled that, for now, PostNord is not obligated to distribute license plates to Tesla, which have been withheld by the postal service's employees. This marks the latest development in a dispute regarding collective bargaining agreements.

The pressure on Tesla is mounting in Sweden, Norway, and Denmark, as unions supporting Swedish IF Metall's mechanicswho initiated a strike on October 27seek a collective agreement with the... More

Over 1,000 VW workers sign union cards in Tennessee

The United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.

The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.

The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More

Nio (NIO) considers expanding job cuts

Chinas Nio Inc. (NYSE: NIO) is reportedly considering further workforce reductions following its recent announcement of a 10% job cut last month.

According to a report released by Bloomberg on Thursday, the electric automaker has instructed certain departments to prepare supplementary lists for potential layoffs,... More

Norway union to join Tesla (TSLA) blockade

Fellesforbundet, Norways largest private sector labour union revealed Wednesday that, starting this month, the union will start blocking transit shipments of Tesla (NASDAQ: TSLA) cars meant for the Swedish market. The act is part of a growing Nordic movement to support striking mechanics in Sweden.

IF Metall, the leading Swedish union, initiated industrial... More

XPeng (XPEV) G9 SUV earns 5-star safety rating from Euro NCAP

Chinese electric vehicle maker, XPeng Motors (NYSE: XPEV) announced Wednesday that the international model of their XPeng G9 SUV has received a five-star 2023 safety rating from Euro NCAP.

The five-star safety rating system by Euro NCAP is designed to assist consumers, families, and... More

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

Elon Musk suggests Cybertruck impact may not be felt until 2025

Elon Musk, the CEO of Tesla, detailed his projections regarding the impact of the Tesla (NASDAQ: TSLA) Cybertruck on the company's financial outlook.

After four years since its initial unveiling, Tesla managed to begin deliveries of the Cybertruck last week, albeit in limited quantities.

With just a few units delivered, Tesla continues to strive towards optimizing its production methods for the Cybertruck. Achieving... 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

Popular stocks with increasing volume: NIO PLTR BABA HOOD AMD AMC GTLB T COIN C PYPL UBER

Popular stocks with increasing volume: NIO PLTR BABA HOOD AMD AMC GTLB T COIN C PYPL UBER

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 Inc. (NIO) Tops Q3 EPS by 35c

NIO Inc. (NYSE: NIO) reported Q3 EPS of (RMB2.28), RMB0.35 better than the analyst estimate of (RMB2.63). Revenue for the quarter came in at RMB19.07 billion versus the consensus estimate of RMB19.37 billion.

For earnings history and earnings-related data on NIO Inc. (NIO) click here.

Nio shares pop despite earnings, outlook miss

Shares in the electric vehicle (EV) maker Nio were up more than 3% in early New York trading on Tuesday after the company reported its third-quarter results.

Stock gains occurred despite Nio saying it generated revenue of 19.07 billion yuan in the third quarter, missing the consensus by 300 million yuan. Nio posted an adjusted loss per share of 2.67 yuan, again... 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 calls to 1 put into quarter results

NIO Inc. (NYSE: NIO) December weekly 7.5 straddle is priced for a move of 12% into the expected release of quarter results before the bell on December 5. Call put ratio 2 calls to 1 put.

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

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.