Tesla China Price Hike Meets Slew of Cuts From Other Carmakers [BNN Bloomberg (Canada)]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am
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Source: BNN Bloomberg
market entry, offering sweeteners such as subsidies and coupons to lure would-be car buyers. Shanghai-based Nio Inc. announced a plan on Monday that provides for up to 1 billion yuan ($138 million) of incentives for drivers of gasoline cars to make the switch, in the form of battery swap benefits, additional assisted driving function subscriptions and even a Nio mobile phone, according to the company's official Weibo channel. Xpeng Inc. meanwhile cut the price of some of its models by as much as 20,000 yuan and Chery Automobile Co. said it will cover the cost of purchase taxes on selected models plus offered better trade ins for customers' used cars. The moves run counter to what Elon Musk's carmaker did earlier on Monday when it increased the price of its most popular Model Y sport utility vehicle. That hike was widely telegraphed for several weeks, most likely to spur demand ahead of the actual event and plump first quarter sales. Local manufacturers' response is testimony to
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NIO
News
- NIO Inc. (NIO) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Shares of Nio soar more than 20% as EV deliveries more than double in April [MSNBC.com]MSNBC.com
- NIO Inc. Provides April 2024 Delivery UpdateGlobeNewswire
- NIO Stock: I Keep Disagreeing With Wall Street [Seeking Alpha]Seeking Alpha
- Tesla China Progress Downplayed by Evercore After Stock Soars [BNN Bloomberg (Canada)]BNN Bloomberg
NIO
Earnings
- 3/5/24 - Beat
NIO
Sec Filings
- 5/1/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/9/24 - Form 20-F
- NIO's page on the SEC website