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NIO conference call: Operating cash flow to turn positive in 2020, monthly capacity to go up to 7,500 units in Jan
NIO again achieved positive operating cash flow in the third quarter and is confident that it can turn cash flow from operating activities positive for the full year 2020 overall, the EV maker's founder William Li Bin said during the third quarter 2020 quarterly conference call.
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NIO is working on its fifth new car, with its fourth model to be unveiled in Jan
Although NIO's fourth model won't be released until January, the company is already talking about a successor to the model.
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NIO Q3 revenue up 146.4% year-on-year to $666.6 million, beating estimates
Chinese EV maker NIO's Q3 revenue rose 146.4% year-on-year to RMB 4.53 billion ($66.6 million), beating market expectations of RMB 4.38 billion.
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Hillhouse Capital, which liquidated NIO at its lowest point, re-bought big in Q3
As of September 30, Hillhouse Capital owned 2,411,000 shares of NIO stock worth $51.17 million.
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CICC raises Li Auto price target by 86% to $40
Chinese investment bank CICC raised its price target on Li Auto by 86% to $40, which corresponds to 28% upside potential in the current share price, and maintained its Outperform rating, citing Li Auto's strong cost control and efficient operations.
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OPPO launches Covid-19 companion diagnostics research platform
At today's OPPO INNO DAY 2020, OPPO announced the launch of a companion diagnostic research platform for the Covid-19.
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NIO founder explains for first time why he chose high-end positioning
In the high-end auto market, well-known brands are no longer at the helm of the founders and are in professional manager mode.
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OPPO AR Glass 2021 announced
OPPO unveiled its second AR Glass concept product, the OPPO AR Glass 2021, at the OPPO INNO DAY 2020 event held today.
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OPPO X 2021 scrolling screen concept phone unveiled
OPPO today unveiled the OPPO X 2021 Scroll Screen Concept Phone at the OPPO INNO DAY 2020 event in Shenzhen, featuring a stepless OLED flexible scroll screen measuring 6.7 inches minimum and 7.4 inches maximum.
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How many mistakes has Citron made in shorting NIO?
NIO shares plunged nearly 8% on Friday after being shorted by Citron, but the company's shares rallied more than 2% on Monday and more than 2% in pre-market trading on Tuesday.