UPDATE 2-China's auto sales fell 3% in May, first drop in 14 months [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
By Reuters Staff 1 Min Read (Adds more details) BEIJING, June 11 (Reuters) - Vehicle sales in China fell 3% in May from the same month a year earlier, snapping a streak of 13 consecutive months of gains, industry data showed on Friday. Overall sales in the world’s biggest car market totaled 2.13 million vehicles in May, data from the China Association of Automobile Manufacturers (CAAM) showed. Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, maintained their strong momentum, jumping 160%, with 217,000 units sold in the month. NEV makers, such as Nio Inc, Xpeng Inc and BYD, are expanding manufacturing capacity in China, encouraged by a policy of promoting greener vehicles to cut pollution. Tesla Inc sold 33,463 China-made electric cars in May. (Reporting by Yilei Sun and Tony Munroe; Editing by Clarence Fernandez and Kim Coghill)
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News
- Here's Why NIO Inc. (NIO) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- VW, BMW Out to Prove They're Not a Spent Force at China Car Show [BNN Bloomberg (Canada)]BNN Bloomberg
- 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
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