Nio (NIO) announces closing of $2.2B investment deal

China’s Xiaomi unveils first EV

Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV) on Thursday, while also announcing the companys ambitious goal of becoming one of the worlds top five automakers.

The upcoming sedan, named SU7 (with SU standing for Speed Ultra), is generating a lot of excitement. Chief Executive Lei Jun has highlighted its "super electric motor" technology, boasting acceleration speeds faster than those of Tesla (NASDAQ: TSLA)... More

NIO Inc. (NIO) Closes $2.2B Investment from CYVN

NIO Inc. (NYSE: NIO), today announced that it has closed the US$2.2 billion strategic equity investment from CYVN Investments RSC Ltd (CYVN), an investment vehicle based in Abu Dhabi, as announced on December 18, 2023.

In July 2023, CYVN made a US$738.5 million strategic equity investment in the Company and acquired certain Class A ordinary shares of the Company from an affiliate of Tencent Holdings Ltd. for an aggregate consideration of US$350 million. Both transactions were closed in July 2023. Now with the closing of the US$2.2 billion strategic equity investment, CYVN in aggregate beneficially... More

Active options: TSLA NIO NVDA INTC AAPL AMD MARA AMZN MSFT

Active options: TSLA NIO NVDA INTC AAPL AMD MARA AMZN MSFT

Midday movers: Intel, RayzeBio, and more

Investing.com Main U.S. indexes climbed on light volume the day after the Christmas holiday as hopes the Fed will begin lowering interest rates in the first quarter of next year lifted sentiment.

Here are some of the biggest U.S. stock movers today:

RayzeBio (NASDAQ: RYZB) stock rose 100% after Bristol Myers Squibb (NYSE:... More

EV maker Nio jumps after launching flagship BEV sedan ET9

(Updated - December 26, 2023 9:56 AM EST)

Bank of America reiterated a Buy rating on Nio (NYSE: NIO) with a 12-month price target of $11.00 after the electric automaker held its 2023 NIO Day event on Saturday and launched its flagship BEV sedan ET9 and the next generation vehicle platform.

NIO launched its ET9 executive flagship BEV at their 2023 NIO Say Event on Saturday December 23rd. The 4-seater... More

Jefferies Reiterates Hold Rating on NIO Inc (9866:HK) (NIO)

Jefferies analyst Xiaoyi Lei reiterated a Hold rating and HK$65.80 price target on NIO Inc (9866:HK) (NYSE: NIO).

BofA Securities Reiterates Buy Rating on NIO Inc (9866:HK) (NIO)

BofA Securities analyst Ming Hsun Lee reiterated a Buy rating and HK$85.00 price target on NIO Inc (9866:HK) (NYSE: NIO).