UPDATE 1-Chinese EV maker Nio in talks with Hefei on funding, plants [Reuters]
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: Reuters
UPDATE 1-Chinese EV maker Nio in talks with Hefei on funding, plants (Adds background) BEIJING, Feb 25 (Reuters) - Chinese cash-strapped electric vehicle (EV) maker Nio Inc said it had signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Loss-making Nio is the most prominent among dozens of Chinese electric vehicle startups vying to become the next Tesla Inc. All are hampered by dwindling demand in the world’s largest car market and reduced government subsidies for EVs. Nio is in talks with the capital city of Anhui province, where it is building cars with local automaker JAC, to build research centres and car plants. Nio will provide details in the next two months, it said. Under cash flow pressure, Nio said in May last year it would form a joint venture with Beijing E-Town International Investment and Development Co. Ltd which will invest 10 billion yuan in the new entity. There has b
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NIO
News
- NIO: In Search Of A Bottom [Seeking Alpha]Seeking Alpha
- Xiaomi's Success Means More Trouble for Battered China EV Stocks [BNN Bloomberg (Canada)]BNN Bloomberg
- Nio Inc - (NYSE: NIO) had its "neutral" rating re-affirmed by analysts at Macquarie. They now have a $5.00 price target on the stock.MarketBeat
- NIO Inc. Files Its 2023 Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- NIO Inc. Files Its 2023 Annual Report on Form 20-FGlobeNewswire
NIO
Earnings
- 3/5/24 - Beat
NIO
Sec Filings
- 4/9/24 - Form 6-K
- 4/9/24 - Form 20-F
- 4/4/24 - Form SC
- NIO's page on the SEC website