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Nio Reports Q2 Earnings: Revenue Nearly Doubles, Gross Margin Hits 9.7%
Written by Cláudio Afonso | LinkedIn | X Electric vehicle (EV) manufacturer Nio published on Thursday its second quarter earnings results posting a revenue increase of 98.9 per cent year over year...
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Nio Expects to Deliver Between 20,326 and 22,326 Vehicles in September
Written by Cláudio Afonso | LinkedIn | X Electric vehicle (EV) manufacturer Nio published on Thursday its second quarter earnings results with an outlook for the third quarter vehicle deliveries...
View ArticleMorgan Stanley Reiterates Nio’s Price Target After Second Quarter Earnings...
Written by Cláudio Afonso | LinkedIn | X Morgan Stanley analyst Tim Hsiao published a new research note on Thursday shortly after Nio‘s second quarter earnings results were reported reiterating an...
View ArticleTesla to Launch FSD in Europe and China in Q1 2025, Regulatory Approval Still...
Written by Cláudio Afonso | LinkedIn | X Tesla posted late Wednesday an update to its AI roadmap revealing that it expects to launch its Full Self Driving (FSD) software both in Europe and China in the...
View ArticleBank of America Raises Nio’s Price Target, Stock Surges 14%
Written by Cláudio Afonso | LinkedIn | X BofA Securities analyst Ming Hsun Lee published Thursday a new research note after the electric vehicle maker Nio published better-than-expected earnings...
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Lucid’s U.S. Sales Drop to 660 Units in August
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Lucid Motors sold 660 vehicles during August in the United States, according to Motor Intelligence. The company had recorded 608 Air...
View ArticleNio Targets 10k Monthly Units for Onvo L60 by Year-End, Aiming to Double to...
Written by Cláudio Afonso | LinkedIn | X After XPeng launched the cheapest model in its history last month, Nio— which also celebrates its tenth anniversary this year—is preparing to follow suit. With...
View ArticleJP Morgan Raises Nio Price Target on “Financial and Operational Turnaround”
Written by Cláudio Afonso | LinkedIn | X JP Morgan analyst Nick Lai raised on Thursday the firm’s price target on Nio shares from $5.30 to $8. The analyst upgraded the rating from Neutral to Overweight...
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Canoo Announces Major Workforce Expansion Ahead of Production Start
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Canoo, which recently moved its headquarters to Texas, said Friday it is opening “approximately” 150 new positions — nearly doubling its...
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Zeekr to Expand to Japan in 2025 with X SUV and 009 MPV Models
Written by Akimoto Yukiko | Edited by Cláudio Afonso Electric vehicle maker Zeekr announced Friday it will enter the Japanese market in 2025. As part of its expansion, stores will be open in Tokyo and...
View ArticleJefferies Lowers Nio’s Price Target, Citing Concerns Over Sub-Brand Investment
Written by Cláudio Afonso | LinkedIn | X Jefferies analyst Xiaoyi Lei released Friday a new research note lowering the firm’s price target on the electric vehicle manufacturer Nio. Following the...
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Nio Introduces End of Quarter Incentives as It Targets New Monthly, Quarterly...
Written by Cláudio Afonso | LinkedIn | X Amid the publishing of its second quarter earnings results, Nio said Thursday it expects to deliver between 61,000 and 63,000 units. Based on the 20,498...
View ArticleLucid Air Breaks Cross-Country Record: 2,800 Miles with Only 7 Charges
Written by Cláudio Afonso | LinkedIn | X As range anxiety remains one of the most significant headaches to faster electric vehicle (EV) adoption, a new record was broken on a road trip that crossed the...
View ArticleLucid Releases New Software Update, Replaces Alexa with In-House Developed...
Written by Cláudio Afonso | LinkedIn | X In an era when over-the-air (OTA) updates that enhance the driver’s experience have become standard in the automotive industry—much like those seen on...
View ArticleNio CEO Announces Pause on European Expansion to “Focus on Existing Markets”
Written by Cláudio Afonso | LinkedIn | X As the provisional extra tariffs on China-made electric vehicles prepare to be confirmed, EV makers have been adjusting their European expansion plans. The...
View ArticleEU to Lower Tariffs on China-Made EVs After Review of Newly Submitted Data
Written by Cláudio Afonso | LinkedIn | X After reducing the extra tariffs on China-made electric vehicles last month, the European Union will drop them further after reviewing new data shared by the...
View ArticleOnvo Chief Claims EV Batteries Last 100 Years with Battery Swap Technology
Written by Cláudio Afonso and Akimoto Yukiko Alan Ai, Nio’s VP and Head of the sub-brand Onvo, stated in an interview posted on Chinese social media that the battery in Onvo’s first model, the L60, is...
View ArticleBarclays Reiterates Bearish Target on Nio Citing “Uncertainty” and Competition
Written by Cláudio Afonso | LinkedIn | X Barclays analyst Jiong Shao published a new research note on Monday reiterating its price target of $4.00 on the shares of the electric vehicle maker Nio. The...
View ArticleLucid Says Year-to-Date Deliveries Exceed 2023 Total of 6,001 Units
Written by Cláudio Afonso | LinkedIn | X Last year, the electric vehicle maker Lucid Motors produced 8,428 EVs while delivering 6,001 units. On the same day that it hosts a “Technology &...
View ArticleJiyue Launches 07 Model, Prepares to Join Nio’s Battery Swap Alliance
Written by Akimoto Yukiko | Edited by Cláudio Afonso Jiyue, the joint venture between Baidu and Geely, officially launched its new electric sedan, the Jiyue 07, with a limited-time offer ranging from...
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