NIO
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Deutsche initiates coverage on NIO with buy rating and $24 price target
Deutsche Bank has initiated coverage on Chinese automaker NIO with a Buy rating and $24 price target, representing a 33 percent upside potential from Friday's close.
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Central China's Hefei city to partner with NIO to promote construction of battery swap facilities
The city of Hefei in Central China's Anhui province plans to build battery swap facilities in partnership with NIO, and plans to add 40 new battery swap facilities in 2020 and 2021, according to local media Anhui News.
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CATL refutes rumors that its 811 battery is shelved due to safety concerns
The NCM811 battery made by Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, has attracted much attention in the market since its launch in 2018. However, frequent media reports of spontaneous combustion in EVs loaded with the battery in recent days have brought the safety of the 811 battery to the spotlight.
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Analysts say NIO sales to improve further, EC6 performance highly anticipated
In their latest report, GF Securities analysts expect NIO sales to improve further with the new EC6 model's performance highly anticipated.
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NIO ad causes backfires as it struggles to meet consumer demand
A recent NIO ad circulating on Weibo was intended to encourage potential buyers to place orders as soon as possible, but was met with doubts from users about "hunger marketing".
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With over $3.6 billion in funding this year, how will NIO spend that money?
NIO, whose life was once hanging by a thread, has been getting good news on financing since the start of the year.
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NIO founder says working on more efficient second-gen battery swap station
NIO is now developing a second-generation battery swap station that is much more efficient than the current one, said William Li Bin, founder, chairman and CEO of the Chinese electric vehicle company, on September 5.
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NIO shares plunge 15% despite record August deliveries
NIO, the US-listed Chinese electric car company, plunged 15 percent in early trading as the entire US stock market fell for a second straight day.
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Credit Suisse raises NIO price target by over 40% to $25
Credit Suisse analyst Bin Wang has raised the price target of US-listed Chinese EV company NIO by 42.86 percent from $17.50 to $25 with an “outperform” rating.
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Chinese retail giant Suning may offer big subsidies for NIO car purchases on its online platform
Chinese retail giant Suning may offer consumers a big discount on NIO cars in its upcoming shopping promotion.