NIO Inc
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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Chinese EV makers continue intense drive into Europe under escalating menace of tariffs
BYD Seal U electrical automobile at the IAA Mobility 2023 worldwide motor clearly show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Photographs News | Getty Photographs PARIS — Chinese electrical carmakers are pushing ahead with expansion into Europe, even as politicians raise the possibility of significant tariffs on cars from the […]
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GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit. Michael Wayland / CNBC DETROIT — The Chevrolet Equinox has been a crucial part of General Motors’ lineup for two decades. The vehicle is a quintessential family hauler and a go-to car for people seeking an […]
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Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Ai Tiecheng, Senior Vice President of NIO and President of ONVO, speaks during the press conference of ONVO, NIO’s new subsidiary brand, on May 15, 2024 in Shanghai, China. NIO launches its second brand ONVO and its first model L60 on May 15. Vcg | Visual China Group | Getty Images SHANGHAI — Chinese electric […]
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Stocks making the biggest moves midday: GameStop, AMC, Boeing, Nio and more
Check out the companies making headlines in midday trading. GameStop , AMC Entertainment – The so-called meme stocks retreated significantly after a two-day rally . GameStop declined about 30%, while AMC dropped 20% as the trading frenzy seemed to fade. The sell-off in AMC shares also came after the company announced a debt-for-equity swap. Before […]
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Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first […]
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