Nio Inc. (NIO)
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
Chinese EV company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, adding that deliveries of its lowest-priced brand will start in the first half of next year. The U.S.-listed Chinese company plans to start offering its products and services in the United Arab Emirates by the end of this year, Li said, according to a FactSet transcript.
NIO Stock: Why Are Losses Growing at Nio? And What Comes Next?
Shares of Nio (NYSE: NIO ) stock are down by over 5% after the Chinese electric vehicle (EV) company reported its first-quarter earnings. During the quarter, Nio's deliveries fell by 3.2% year-over-year (YOY) to 30,053 vehicles.
Why Nio Stock Plunged Thursday
Nio has already surpassed first-quarter shipments by 20% in just the first two months of the current quarterly period. The company offers a unique battery swapping technology that is helping to gain customers.
NIO Gets Regulatory Approval to Build Third Factory in China
NIO receives regulatory approval to build a third factory in China, which is likely to boost its total production capacity to one million cars.
Melexis to produce all of NIO's current chips for traction inverters
Melexis will provide Chinese car manufacturer NIO with current sensor chips for its traction inverter system, it said on Thursday, becoming the latest European supplier to partner with a Chinese automaker.
Nio Falls on Wider-Than-Expected Loss, Fewer Deliveries
Chinese electric vehicle (EV) maker Nio (NIO) reported first-quarter results below expectations Thursday, falling short on revenue and posting a wider loss than analysts had expected, sending the company's American depositary receipts (ADRs) lower in premarket trading.
NIO Loss Widens on Lower EV Sales but Expects Stronger Second Quarter
The Chinese EV maker 's net loss widened in the first quarter, with electric-vehicle sales off to a seasonally slow start.
NIO Misses Earnings Estimates and the Stock Falls. Why It's Not All Bad.
Thursday morning, NIO announced a first-quarter per-share loss of 36 cents from sales of $1.4 billion. Wall Street was looking for a 33-cent loss from sales of $1.5 billion, respectively, according to FactSet.
Nio's stock drops as losses were wider than forecast and sales missed
Shares of Nio Inc. were hit hard Wednesday, after the China-based electric vehicle maker reported first-quarter results that missed the mark amid “intensifying competition,” but did provide an upbeat take on the current quarter.
China's Nio expects Q2 EV sales to more than double
Chinese electric vehicle maker Nio said on Thursday that it expected its EV deliveries in the second quarter to more than double from a year ago to between 54,000 and 56,000.
NIO Stock Remains a Buy for the Bold Despite Penny Stock Status
Nio (NYSE: NIO ) reported its May deliveries on June 1, and Nio stock fell on the news. Nio delivered a record 20,544 vehicles in May, bringing the number of vehicles delivered year-to-date to 66,217, 51% higher than a year earlier.
