Nio (NIO) to spin off battery unit

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

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

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.

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.