Nio (NIO) considers expanding job cuts

China says revised NEV tax incentives ensure 90% eligibility for EVs

China's industry ministry announced Monday that over 90% of the countrys existing new energy vehicle (NEV) models will maintain eligibility for tax incentives on purchases, thanks to updated technical criteria.

According to a statement from the Ministry of Industry and Information Technology, the technical criteria for new energy... More

Tesla (TSLA) China plans to build auto research center in Thailand as EVs gain popularity

Thailand revealed Friday that China is planning to establish a China Automotive Technology and Research Center (CATARC) in the region, the fourth such facility in the world.

Tax incentives and subsidies offered by the Thai government have successfully attracted Chinese car manufacturers such as BYD and Great Wall... More

EV maker Nio considers more job cuts after shedding 10% staff - Bloomberg News

(Reuters) - Chinese electric vehicle (EV) maker Nio Inc may undertake further job cuts after the company announced plans to cut 10% of its workforce last month, Bloomberg News reported on Thursday, citing people familiar with the matter.

Some departments were asked to prepare reserve lay-off lists, which may... More

NIO Inc. (NIO) call put ratio 2.5 calls to 1 put as share price up 9%

NIO Inc. (NYSE: NIO) 30-day option implied volatility is at 65; compared to its 52-week range of 56 to 92. Call put ratio 2.5 calls to 1 put as share price up 9%.

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) PT Lowered to $8.50 at JPMorgan

JPMorgan analyst Nick Lai lowered the price target on NIO (NYSE: NIO) to $8.50 (from $10.50) while maintaining a Neutral rating.... More

NIO (NIO) PT Lowered to $15 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on NIO (NYSE: NIO) to $15.00 (from $18.00) while maintaining a Buy rating.... More

Exclusive-China EV maker Nio to spin off its battery production unit -sources

SHANGHAI (Reuters) - Chinese electric vehicle maker Nio plans to spin off its battery manufacturing unit, according to two people with knowledge of the matter, as part of the efforts by the company to turn profitable, reduce costs and improve efficiency.

The nascent battery unit, led by senior manufacturing engineers whose previous employers include Apple and Panasonic, will seek external investors after the spin-off that could happen as early as the end of this year, with a valuation to be decided later, the people said.

They spoke on condition of anonymity because the information is confidential.

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

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.