Nio
Nio plans to start delivering vehicles in Norway in September
Nio will start delivering vehicles in Norway this September, with the first model being the new ES8. Nio's flagship electric sedan, the ET7, will arrive in Norway next year.
Deutsche Bank raises gross margin estimates for Nio, reiterates Buy rating
Deutsche Bank analyst Edison Yu's team raises Nio's gross margin forecast by 250bps to 20.3 percent, leading to a higher EPS estimate.
Nio builds joint lab with one of China's best universities
USTC's research strength in China is almost comparable to that of Tsinghua University and Peking University. The university is located in Hefei, Anhui Province, which is also home to Nio China's headquarters and the JAC Nio facility.
Nio delivers 7,102 vehicles in April, down 2% from March
Nio delivered 7,102 vehicles in April, down 2 percent from March, as chip shortages put constraints on its production capacity. The figure was up 125.1 percent from a year ago.
JP Morgan calls Nio's Q1 results 'clean beat' during industry headwinds
JP Morgan reiterated its Overweight rating on Nio and its $70 price target, about 80 percent above the stock's Thursday close of $38.99.
Nio earnings call: Chip shortage, ET7, LFP batteries, and more
William Li is confident about Nio's position in the market, saying that in the high-end market there is no brand that can compete fully with Nio, including products, services, and user communities.
Nio expects to deliver 21,000 to 22,000 vehicles in Q2
Despite continued supply chain challenges, chip and battery supply shortages don't appear to be affecting Nio as badly as expected, as the Chinese electric car company continues to give strong second-quarter delivery guidance.
Nio's Q1 revenue soars 482% year-on-year to RMB 7.98 billion, beating expectations
Nio posted revenue of RMB 7.98 billion yuan ($1.22 billion) in the first quarter, beating market expectations of 6.645 billion yuan and up 481.63 percent from 1.372 billion yuan in the same period last year and up 20.16 percent from the fourth quarter.
Nio's first second-gen battery swap station in Shenzhen goes into operation
After Nio's second-generation battery swap stations in Beijing, Guangzhou and Hefei went into operation, the electric vehicle company's first new-generation facility in Shenzhen went into operation on April 29.
NeoPark by Nio and Hefei starts construction with initial investment of RMB 50 billion
After the NeoPark is completed, Nio can save RMB 3,000 per vehicle in logistics costs.
