NIO Inc
Stocks making the biggest moves premarket: GameStop, Seagen, Virgin Galactic and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22. Seagen (SGEN) – Seagen gained 4.5% in premarket trading after the Wall Street Journal reported that Merck (MRK) […]
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Chinese automaker Nio reports record EV sales in June as Covid wave fades, but it still lags XPeng and Li Auto
Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Chinese electric-vehicle maker Nio reported Friday that it delivered nearly 13,000 vehicles in June, up 60% from a year ago, as China’s auto industry continued to rebound after months of pandemic-related disruptions. Its total deliveries of 12,961 […]
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Stocks making the biggest moves premarket: Kohl’s, Micron, Apple and more
Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl’s said the deteriorating retail and financial environment presented significant obstacles to concluding a deal. […]
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Stocks making the biggest moves premarket: General Mills, Carnival, Bed Bath & Beyond and more
Check out the companies making headlines before the bell: General Mills (GIS) – General Mills reported adjusted quarterly earnings of $1.12 per share, 11 cents above estimates, with revenue that also topped Wall Street forecasts. The stock rose 1.6% in the premarket, even as the food producer forecast full-year profit below Street estimates amid rising […]
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Cramer’s lightning round: Move on from DigitalBridge
Nucor Corp: “Steel prices are coming down. … I’d rather buy energy right now than I would Nucor.” NIO Inc: Cramer pressed a button that seemingly played the sound of a car collision. “And that’s what I have to say about NIO.” Disclosure: Cramer’s Charitable Trust owns shares of Pioneer. Source
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Chinese EV maker Nio says a car fell from third floor of a Shanghai office, killing two
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images A test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said in a Weibo post on Thursday. The incident happened at around 5:20 p.m. Beijing time on Wednesday. One company staff member and a […]
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Chinese Tesla rival Nio launches new electric SUV as competition heats up
Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Nio on Wednesday launched the ES7 sports utility vehicle as competition with Tesla intensifies in China. The ES7 adds another competitor to Tesla’s Model Y and Model X in China as the competition in the electric SUV space ramps up. Nio is trying to differentiate its electric SUV by highlighting the technology features of the […]
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BYD is selling so many electric cars it’s become one of the top three automakers in China
One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric car maker BYD saw sales more than double in May, solidifying the company’s climb into the ranks of the top three […]
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Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market, they’re betting heavily on assisted driving technology. China sold nearly 21.5 million passenger cars last year. That’s roughly the equivalent of sales in […]
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Cramer’s lightning round: Zuora is not a buy
23andMe Holding Co: “At $2, I’m willing to buy the lottery ticket. But make no mistake about it, it is a lottery ticket.” NIO Inc: “I don’t like to buy any of these Chinese stocks. … Let’s move on.” Mirati Therapeutics Inc: “Understand that you can lose all that you put in. But as a […]
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