Nio
Deutsche Bank on Nio's Q3 results: Somewhat messy, but focus will soon shift to delivery recovery
Nio announced its third-quarter earnings today, and Deutsche Bank analyst Edison Yu's team offered their first look.
Nio reports higher-than-expected Q3 revenue of $1.52 billion
Nio posted third-quarter revenue that beat expectations, but net loss attributable to ordinary shareholders widened, triggering a sharp jolt in its stock price in after-hours trading.
Baillie Gifford, which holds Nio, says 'don't give up on China'
Nio is one of the top 10 holdings of Baillie Gifford's Scottish Mortgage.
Nio's swap stations reach 608
As of November 9, Nio has 608 battery swap stations and 460 supercharging stations providing 2,690 charging piles.
Nio Q3 earnings: What to expect
Deutsche Bank Edison Yu's team expects Nio to report revenue of RMB 9.33 billion in the third quarter, representing a 106.1 percent year-on-year increase.
Nio adds another new charging line under Power Up Plan
So far, Nio has opened at least 11 charging lines under the Power Up Plan this year.
Nio says it completes highway swap station network in Yangtze River Delta metropolitan area
This follows Nio's completion of a battery swap station network along the highways from Beijing to neighboring cities in September.
Nio adds 3 swap stations, bringing total to 604
One of the stations, located at a Sinopec gas station, is the first such facility built by Nio and the fossil fuel giant in Guangdong that support both battery swap and fast charging.
Changan's premium EV brand to get capital injection, Nio's stake to be diluted to just 1%
The move represents a further exit for Nio from its joint venture with Changan after it cut its stake in the company to 4.62 percent late last year.
Main building of Nio's plant in NeoPark passes acceptance
The complex is expected to be handed over to Nio for equipment installation by the end of November, with production to begin in September next year.