Nio


XPeng narrows loss but joins Nio in suffering from Tesla share slump

XPeng narrows loss but joins Nio in suffering from Tesla share slump

(ATF) Chinese electric vehicle (EV) firm XPeng said on Monday March 8 that its net loss in the fourth quarter of last year narrowed 42% from the same period in 2019. XPeng’s stock dipped, as it joined rival Nio in suffering from the recent slump in value of Tesla shares, …

Continue reading

EV trio plan HK and Shanghai listings to compete with Tesla

EV trio plan HK and Shanghai listings to compete with Tesla

(ATF) Three of China's top electric-vehicle companies – Nio, Li Auto and Xpeng – plan to list in Hong Kong this year. People familiar with the plans say the goal of the EV trio is to sell at least 5% of their stock in Hong Kong. Based on the market …

Continue reading

Nio shares dip despite forecast rise of 18% in Q1 EV sales

Nio shares dip despite 18% Q1 sales forecast rise

(ATF) Chinese electric vehicle (EV) maker Nio reported fourth quarter results that missed profit expectations after the US close on Monday March 1 and its shares dipped over 5% despite a backdrop of a sharp recovery in most US equities and its own forecast of a +18% rise in Q1 …

Continue reading

Geely out to deal its way to the front of the EV grid 

Geely out to deal its way to the front of the EV grid 

Chinese automaker Geely is looking to position itself among the leading EV players through a series of tie-ups and deals to make it the sector’s go-to contract manufacturer.Of four deals recently announced, a venture with Taiwan's Foxconn to provide electric vehicle (EV) contract manufacturing, is possibly the most critical, sources …

Continue reading

Who is really winning in the great electric vehicle disconnect war?

Who is really winning in the great electric vehicle disconnect war?

(ATF) Climate change looms large across a number of industries. Nowhere is this felt more than in transport, where emissions continue to rise as a proportion of the overall total. Cars are comfortably the biggest contributor in this segment.Tackling this has forced the auto industry into a fierce battle between …

Continue reading

Xpeng gets $2 billion credit line; EV outlook upbeat amid soaring sales

Xpeng gets $2 billion credit line; EV outlook upbeat amid soaring sales

(ATF) Chinese electric vehicle (EV) maker Xpeng Inc last month signed an agreement with five banks for a 12.8 billion yuan ($2 billion) line of credit that will be used to fund its business operations and help expand its manufacturing, sales and service capabilities.Meanwhile, Morgan Stanley shared an upbeat outlook …

Continue reading

Tesla disappoints as China EV rivals hurt margins

Tesla disappoints as China EV rivals hurt margins

(ATF) Tesla fourth-quarter profit fell short of Wall Street expectations on Wednesday January 27 and the company failed to provide a clear target for 2021 vehicle deliveries. Fierce electric vehicle (EV) competition in China hit margins and Tesla’s stock fell, pulling down shares in Chinese rival Nio.The disappointing Tesla results …

Continue reading

Nio stock lifted by Nomura report; Evergrande makes EV pitch

Nio stock lifted by Nomura report; Evergrande makes EV pitch

(ATF) Chinese electric vehicle (EV) firm Nio was boosted by a ‘buy’ rating from Nomura that drove another 6% rise in its Nasdaq stock price on Friday January 22, while property firm Evergrande raised $3.4 billion to join the EV rush on Sunday.Nomura initiated coverage of electric vehicle firm Nio …

Continue reading

China’s Nio is worth more than Ford or General Motors

China’s Nio is worth more than Ford or General Motors

(ATF) China’s electric vehicle (EV) maker Nio now has a higher market value than General Motors, while Xpeng is close to overtaking Ford. But the incoming Biden administration is expected to take steps to try to ensure that Tesla is not the only US-based EV success story. Chinese electric vehicle …

Continue reading

Tesla surge takes Chinese electric vehicle stocks on wild ride

Tesla surge takes Chinese electric vehicle stocks on wild ride

(ATF) Tesla shares rose above $500 billion in market value on Tuesday November 24, as its impending arrival in the S&P 500 index gave a further boost to a rally of over 500% this year.The demand for Tesla shares has delivered a dramatic boost to trading volumes in Chinese electric …

Continue reading