NIO Inc
Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]
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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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China-built EVs strike with EU tariffs Nio says it could have to increase charges in Europe
The European Union on Thursday confirmed its final decision to hike tariffs on electric powered autos imported from China — with a single automaker issuing fresh warnings that it may have to raise rates as a end result. The European Commission, the government arm of the European Union, declared strategies for these types of levies […]
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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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Shares making the largest moves midday: Chewy, GameStop, Boeing, Norwegian Cruise Line and much more
Examine out the providers creating headlines in midday investing: Chewy , GameStop — Chewy’s inventory dropped about 6% immediately after a regulatory submitting confirmed meme inventory trader Keith Gill, who is also recognised as “Roaring Kitty,” bought nine million shares, amounting to a 6.6% stake in the pet foods e-commerce enterprise. His other prime holding, […]
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Chinese automakers expected to achieve 33% global market share by 2030
GUANGZHOU, CHINA – NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. (Photo by Chen Yihang/VCG via Getty Images) Vcg | Visual China Group | Getty Images Chinese […]
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China has used at least $230 billion to develop its EV business, new research finds
Personnel assemble a Wuling Hongguang Mini EV, an all-electric powered microcar produced by SAIC-GM-Wuling, at a plant of the joint automaker in Qingdao in east Chinas Shandong province Tuesday, Nov. 30, 2021. Long term Publishing | Long run Publishing | Getty Images BEIJING — China put in $230.8 billion over far more than a 10 […]
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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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Chinese electrical car firm Nio to enter Middle East this year amid global expansion by peers
Critical Points Chinese EV firm Nio designs to increase to the Center East this calendar year, CEO William Li explained on an earnings call Thursday, including that deliveries of its most affordable-priced brand name will begin in the initially 50 percent of upcoming calendar year. The U.S.-listed Chinese enterprise strategies to get started providing its […]
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Shares building the most important moves premarket: Hewlett Packard Enterprise, Instacart, CrowdStrike and more
Test out the firms creating headlines just before the bell. CrowdStrike — Shares soared 10% soon after the cybersecurity business posted superior-than-anticipated initially-quarter benefits and strong advice. CrowdStrike claimed modified earnings of 93 cents for every share on $921 million in profits, which was bigger than the 89 cents on $905 million in revenue analysts […]
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