The next step in electric vehicle (EV) battery innovation may come from China. As China’s EV market booms, the economic powerhouse is focused on the batteries to power the industry. According to recent reports, China’s government is at work on a state-sponsored project that will invest 6 billion yuan ($830 million) in solid-state battery production. So far, China has selected six companies to receive state funding as part of this initiative. This means a boost for several Chinese EV stocks. But it could als ...

NIO Inc. (NIO) continues to expand its presence in Europe despite regulatory and higher tariff threats from the European Union (EU). Per William Li, the founder, chairman and CEO of NIO, in case the EU substantially raises the tariff, the carmaker will make a reasonable business decision. It would delay or cancel the launch of its new mid-range and future entry-level models in Europe. The company recently opened its new showroom called NIO House Amsterdam, which is the carmaker's largest NIO House in Europe ...

Nio (NYSE:NIO) stock has experienced a recent surge in its stock price, commonly referred to as a ‘’dead cat bounce.’’ This temporary rebound follows a significant decline, often misleading investors into believing a reversal is underway. Astute investors should divest all their Nio holdings now. The company’s 2024 challenges threaten its long term growth prospects. Nio shareholders can expect lower share prices and their international expansion plans and profitability are unlikely to materialize. Fierce Co ...

SHANGHAI, China, May 24, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today published a notice to announce that it will hold an annual general meeting (the "AGM") of shareholders (the "Notice of AGM") at 10:30 am, Beijing time, on June 25, 2024 at Building 19, No. 1355, Caobao Road, Minhang District, Shanghai, People's Republic of China, for the purposes of considering and, if thou ...

SHANGHAI, China, May 24, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today published a notice to announce that it will hold an annual general meeting (the "AGM") of shareholders (the "Notice of AGM") at 10:30 am, Beijing time, on June 25, 2024 at Building 19, No. 1355, Caobao Road, Minhang District, Shanghai, People's Republic of China, for the purposes of considering and, if thou ...

Nio this week opened a showroom in Amsterdam in the Netherlands, while Xpeng last week launched its G9 and G6 sports utility vehicles in France. Xpeng also had a car on display at the VivaTech conference in Paris, while BYD likewise showed off one of its vehicles. PARIS — Chinese electric carmakers are pushing ahead with expansion into Europe, even as politicians raise the possibility of high tariffs on vehicles from the world's second largest economy. The public marketing efforts come amid an ongoing inves ...

Nio (NYSE:NIO) is in the process of expanding its European footprint despite the threat of tariffs. In March, the European Commission announced that it would begin custom registrations of Chinese EVs, opening up the door for potential tariffs following the conclusion of its anti-subsidy investigation into EV batteries made in China. The investigation alleges that China is unfairly subsidizing batteries. NIO stock is down just shy of 10% today. Reuters noted that the investigation, which started in October o ...

Investors are keeping a close eye on Nio (NYSE:NIO) stock today after the Chinese electric vehicle (EV) maker announced a new deal with Chinese state-owned FAW Group for battery-swap services. Indeed, per the new strategic cooperation framework agreement signed May 21, Nio and FAW will work toward the shared establishment of “battery technology standards,” develop model-swappable batteries and further enhance their battery management networks. FAW represents the seventh battery-swapping partnership for Nio, ...

Despite the iShares MSCI China ETF (NASDAQ:MCHI) up by about 16% year-to-date, beating both the S&P 500 and Nasdaq 100, Nio (NYSE:NIO) stock is down by nearly 40% this year. However, a major catalyst is on the way, as Nio has confirmed that it will report its first-quarter earnings on June 6 before the market opens. Last month, the electric vehicle (EV) company delivered 15,620 vehicles, up by 134.6% year-over-year (YOY). That brought year-to-date deliveries to 45,673 vehicles, up by 21.2% YOY. For the quar ...

Chinese electric vehicle (EV) maker Nio (NYSE:NIO) said it will report unaudited March quarter results on June 6. NIO stock is up about 1% in pre-market trading. CEO William Li said the company will maintain a “premium aura” even after launching its Onvo mass-market cars later this year. Like other Chinese brands, Nio has been buffeted by a price war and hopes to sell cars at $25,000 next year. Nio was due to open in New York this morning at $5.30 per share, a market capitalization of $11 billion. NIO stock ...