UPDATE 1-Chinese EV maker Nio in talks with Hefei on funding, plants [Reuters]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am
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Source: Reuters
UPDATE 1-Chinese EV maker Nio in talks with Hefei on funding, plants (Adds background) BEIJING, Feb 25 (Reuters) - Chinese cash-strapped electric vehicle (EV) maker Nio Inc said it had signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Loss-making Nio is the most prominent among dozens of Chinese electric vehicle startups vying to become the next Tesla Inc. All are hampered by dwindling demand in the world’s largest car market and reduced government subsidies for EVs. Nio is in talks with the capital city of Anhui province, where it is building cars with local automaker JAC, to build research centres and car plants. Nio will provide details in the next two months, it said. Under cash flow pressure, Nio said in May last year it would form a joint venture with Beijing E-Town International Investment and Development Co. Ltd which will invest 10 billion yuan in the new entity. There has b
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News
- Should You Buy, Sell or Hold NIO Stock Post Mixed Q3 Results? [Yahoo! Finance]Yahoo! Finance
- NIO Inc (NIO) Q3 2024 Earnings Call Highlights: Record Deliveries Amidst Revenue Challenges [Yahoo! Finance]Yahoo! Finance
- Nio Inc - (NYSE: NIO) was downgraded by analysts at Macquarie from an "outperform" rating to a "neutral" rating. They now have a $4.80 price target on the stock, down previously from $6.60.MarketBeat
- Nio (NIO) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- NIO Inc. (NIO) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
NIO
Earnings
- 11/20/24 - Beat
NIO
Sec Filings
- 11/20/24 - Form 6-K
- 11/7/24 - Form 6-K
- 11/1/24 - Form 6-K
- NIO's page on the SEC website