Nio surged in early hours of Hong Kong trading today, as trading resumed in the city's stock market after being suspended due to a typhoon on Friday.
For details, please visit CnEVPost.
Nio surged in early hours of Hong Kong trading today, as trading resumed in the city's stock market after being suspended due to a typhoon on Friday.
For details, please visit CnEVPost.
Deutsche Bank expects the Nio main brand to launch four new products and sub-brand Onvo to launch two new products in 2025.
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Onvo L60, the first model in Nio's more mass market brand will launch on September 19. Prices will not be much lower than pre-sales.
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Nio is aiming to deliver 220,000 vehicles in 2024, including 200,000 under the Nio main brand and 20,000 under its sub-brand Onvo, its president said.
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Nio Onvo to launch the L60 in Hefei, Anhui province on September 19, targeting 20,000 unit deliveries within this year.
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Nio is holding a second-quarter earnings analyst call, and this post is CnEVPost's live update of the main points from the call.
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Nio reported a total revenue of RMB 17.446 billion ($2,400.6 million) in the second quarter, better than the RMB 17.385 billion expected by Wall Street analysts.
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Nio has signed an agreement with Suzhou Energy Group, a Chinese state-owned enterprise, to jointly promote charging and battery swap infrastructure.
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Nio has received a reply from the police today saying they have arrested the person suspected of creating and publishing the fake rumor about its bankruptcy.
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Wall Street expects Nio's revenue to be RMB 17.385 billion in the second quarter, exceeding the upper end of the EV maker's guidance range as deliveries unexpectedly beat guidance.
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