Li Auto Inc
Chinese EV startups are spending more on research than Tesla is
Nio’s second factory in the city of Hefei has around 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers’ first-quarter earnings. It’s a strategy for survival in […]
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Chinese EV stocks drop as Tesla’s earnings miss, General Motors delays EV plans
Spectators are looking at BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of major Chinese electric vehicle companies dropped Wednesday after U.S. giant Tesla‘s earnings fell short of analysts’ […]
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Asia markets are mixed as traders assess Japan, Aussie business activity data and U.S. tech earnings
An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty Images Japan’s Nikkei 225 dropped 0.19%, while the broad-based Topix was down 0.35%. Flash data from the au Jibun Bank showed that the country’s business activity returned to growth. Japan’s composite […]
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Stocks making the biggest moves midday: Ryanair, CrowdStrike, IQVIA Holdings and more
Check out the companies making headlines in midday trading: Ryanair — Shares fell 16% after the budget airline reported weaker-than-expected fiscal first-quarter earnings . The company said its quarterly profit after tax had fallen 46% and that it expects fares to be lower than expected in the summer months. CrowdStrike — The cybersecurity stock plunged […]
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Stocks making the biggest moves midday: Macy’s, MicroStrategy, Coinbase, Nvidia and more
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside given the big run already this year. It is only the second downgrade of Nvidia […]
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Chinese EV providers Zeekr and Nio report record deliveries in June
Geely’s SEA architecture for vehicles allows automobiles of distinctive sizes to be created at the very same factory. CNBC | Evelyn Cheng BEIJING — Chinese electric powered car or truck company Zeekr mentioned Monday it delivered a report variety of motor vehicles in June, earning its deliveries for the first fifty percent of the calendar […]
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Chinese EV stocks surge after EU slaps up to 38% additional import tariffs
Visitors are looking at a BYD DM-i electric car at the 2024 Beijing International Automotive Exhibition in Beijing, China, on May 3, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Chinese electric vehicle makers mostly surged on Thursday morning after the European Union announced higher tariffs of up […]
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Stocks producing the greatest moves midday: Peloton, Lam Investigation, Lowe’s, AstraZeneca and extra
Test out the businesses making the greatest moves midday: Peloton — The stock plunged 14% subsequent the linked fitness firm’s announcement it will commence a “world wide refinancing” process that contains a convertible notes offering and a $1 billion five-calendar year expression loan. Peloton, which just lately declared a restructuring system , has struggled with […]
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Stocks earning the most important moves premarket: Macy’s, Lowe’s, Peloton, Zoom Online video and far more
Check out the corporations earning headlines in premarket investing. Macy’s — The office shop operator included about 3% soon after beating earnings estimates for the initial quarter and elevating its entire-yr outlook. Macy’s touted its turnaround prepare as a driver for the powerful results. Lowe’s — The house advancement inventory rose far more than 2% […]
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Stocks building the major moves midday: Hims & Hers Wellbeing, Norwegian Cruise Line, Goal and extra
Check out the companies earning headlines in midday trading: Hims & Hers Wellness — Shares surged additional than 30% just after the telehealth business launched obtain to compounded GLP-1 injections, expanding on the bodyweight reduction program it introduced in December. Wix.com — The website advancement enterprise jumped more than 25% immediately after it posted superior-than-anticipated […]
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