NIO Inc
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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Stocks making the biggest moves midday: Tesla, Five Below, Novavax, Nio and more
A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Tesla — Shares dipped 0.9%. The electric vehicle stock rose more than 2% earlier in the session after UBS upgraded the electric vehicle maker to buy from […]
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Nio reports wider first-quarter loss as Covid shutdowns in China hamper deliveries
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago, as it scrambled to keep pace with intense demand amid China’s recent Covid-related shutdowns. Here are other key numbers from Nio’s […]
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Stocks making the biggest moves premarket: Target, Novavax, Nio and more
These are the stocks posting the largest moves before the bell. Source
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Shares of Chinese EV maker BYD jump after exec says company is set to supply batteries to Tesla
This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi’an plant. BYD is set to supply Tesla with batteries “very soon,” a senior company executive told a Chinese state media anchor. Yuan Jingzhi | Visual China Group | Getty Images Shares of electric vehicle […]
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