Nio offers 75 million additional ADS shares, stock plunges 9% after market
Chinese EV maker Nio announced Thursday to additionally offer 75 million American depositary shares (ADS), each representing one Class A ordinary share.
After Nio and Li Auto, Alibaba-backed EV maker Xpeng goes public in US
Alibaba-backed Chinese EV maker Xpeng Motors was listed on the New York Stock Exchange on August 27 under the symbol "XPEV".
Nio, Li Auto shares surge as Wall Street banks turn bullish
LI Auto and Nio also experienced significant share price gains on Wednesday as Wall Street continues to upgrade their ratings.
Tesla is hiring nearly 1,000 workers for its 'new model' at Shanghai plant
Tesla is hiring technicians and operators for its new project and new model at its Shanghai Gigafactory, with a cumulative demand of nearly 1,000 people.
China's biggest property developer says its new energy vehicles will be mass-produced in H2 next year
The first six Hengchi-branded vehicles will start trial production in the first half of next year and will be mass-produced in the second half, China Evergrande NewEnergy Vehicle Group president Liu Yongjue said.
Chinese owner says European owners' vehicles appear in his Tesla app
A Tesla owner in China recently said that his Tesla mobile app can see all the information of other vehicles far away in Europe and he can remote control them.
Tesla's Chinese rival Xpeng expands its share sale in upcoming US IPO
Tesla's Chinese rival, Alibaba-backed EV maker Xpeng Motors is expanding the size of its share sale and pricing the shares above a marketed range, raising about $1.5 billion in a U.S. initial public offering, according to Bloomberg.
Li Auto shares surge 28% to record high
Chinese EV maker Li Auto shares surged 28.25 percent to close at $23.38 on Wednesday, a record high since its IPO, pushing its market capitalization to $19.55 billion.
Chinese investment bank CICC raises its Nio target price again, as it sees three benefits of BaaS
Nio recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the company's gross margin, thus injecting new momentum into its car sales and performance improvement.
Nio stock soared 19%, what happened?
The ADR shares of Chinese electric car company Nio soared to an all-time high on Tuesday as more and more skeptics turned into its believers.