NIO Inc
Bank of America says it’s time to buy this electric vehicle stock as sales improve
It’s time to bet again on shares of electric vehicle maker Nio , according to Bank of America. Analyst Ming Hsun Lee upgraded Nio to buy from neutral, citing better sales, improved margins during the second half of the year and an attractive valuation. “We like NIO for its (1) advantages in the premium smart […]
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Shanghai’s big automakers saw production plunge by 75% in April after lockdowns began
Although Shanghai began in mid-April to prioritize several hundred companies for resuming work, foreign business organizations have said that doesn’t mean the factories can operate at full capacity. Tian Yuhao | China News Service | Getty Images BEIJING — Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in the metropolis of […]
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U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore
Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share listing in Singapore. Nio, […]
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Hong Kong’s Hang Seng index drops more than 3% following Wall Street tumble
SINGAPORE — Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed […]
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SEC adds over 80 companies to list of firms facing delisting risk, including China’s JD.com
Signage at JD.com’s warehouse in Shanghai, China, on Mar. 9, 2022. The U.S. Securities and Exchange Commission on Wednesday added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China’s JD.com, Pinduoduo, Bilibili, and NetEase. Qilai Shen | Bloomberg | Getty Images The U.S. Securities and Exchange Commission […]
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Stocks making the biggest moves in the premarket: Activision Blizzard, Bilibili, Moody’s and more
Take a look at some of the biggest movers in the premarket: Activision Blizzard (ATVI) – Activision shares jumped 2.7% in premarket trading after Warren Buffett told the Berkshire annual meeting that the company had increased its stake in the videogame maker. Bilibili (BILI) – The China-based online gaming company’s stock slid 4.2% in the […]
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Chinese start-up Nreal is launching its augmented reality glasses in the UK this spring
Attendees look at NReal’s augmented reality glasses, on the last day of CES 2019 in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images Nreal, a Chinese augmented reality start-up, is planning to bring its smart glasses to the U.K. The Beijing-based company said Tuesday it will launch its Nreal Air AR glasses in […]
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China’s Covid policy locks down a city three times the size of New York
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — […]
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China’s lockdowns are a greater threat to inflation today than in 2020, Bernstein says
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group | Getty Images BEIJING — China’s latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said. […]
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Chinese EV maker Nio says it’s gradually resuming production after Covid halt
In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive west […]
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