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376 articles matching the search query.
VIDEO | TechNode visits a Nio battery swap station · TechNode
TechNode visited a Nio battery swap station in suburban Shanghai to talk to Nio owners and see the swap technology in action.
How the IPO of a Chinese electric vehicle maker defied Washington's roadblocks
Wall Street is still welcoming of Chinese stocks—even if Washington isn't.
Tesla Slashes Deposit for China Customers to Just $143
Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.
Nio bags 5000 test drives and 320 pre-orders in 40 minutes · TechNode
Nio is ramping up efforts with the move, just days after Tesla made its debut on Chinese livestreaming arena to boost sales.
Lixiang is now #2 domestic EV maker after Nio · TechNode
The April sales figures from Lixiang could be an indicator for a V-shaped recovery in the world's biggest EV market hit hard by a broader slump.
China startup NIO gains $1bn state funding to chase Tesla
EV maker's crucial deal in Anhui follows attempts with Beijing and Shanghai
Nio clinches RMB 7 billion cash injection from Hefei government · TechNode
Nio now can really go toe-to-toe with Tesla, the absolute leader in the market, and enhance its opporuntinities for more financing.
Nio promises per-vehicle profits in Q2 as shares slide · TechNode
A pending deal with the government of Hefei to inject a reported RMB 10 billion could buy Nio time to fulfill its founder's promises.
Nio reaches strategic investment deal with Hefei government · TechNode
The Hefei government expects the investment in Nio will total more than RMB 10 billion ($1.4 billion) over the next five years.
Chinese Automaker NIO Is Relying On Supplier Tesla Clashed With
A troubled electric-vehicle upstart trying to take on Tesla Inc. is clinging to a supplier Elon Musk clashed with dramatically in 2016.
Tesla Scores a Win in China as Local Model 3 Gets Tax Exemption
Tesla Inc. won exemption from a 10% purchase tax for its China-built Model 3 sedans, a potential boon for Elon Musk’s company as it prepares to begin deliveries of locally manufactured electric cars in the country.
Tesla’s New China Plant Gets Permit to Start Mass Production
Tesla Inc. won permission to start mass production at its China factory, clearing one of the last hurdles to begin selling locally built cars in the world’s largest electric-vehicle market.
NIO Hires China Auto Analyst as Its Next Chief Financial Officer
NIO Inc. hired an analyst covering the Chinese electric car-maker as its next chief financial officer, according to people familiar with the matter.
Nio, Mobileye partner on self-driving consumer passenger cars in China
Chinese electric car startup Nio Inc and Intel Corp's self-driving car technology firm Mobileye on Tuesday said they would partner to develop autonomous vehicles for the consumer market in China and eventually other countries.
Tesla’s China-Made Cars Won’t Be Much Cheaper Than Imported Ones
China’s Tesla Inc. fans expecting to get the new, locally built Model 3s on the cheap were just dealt a surprise.
NIO Shares Fall Again, Analysts Cite Weak Sales, Dwindling Cash
A nightmarish week for NIO Inc. investors got worse on Thursday, as at least two more analysts downgraded the Chinese electric-car maker, citing a weak sales outlook, high cash burn and a lack of clarity around financing.
China Slips in Its Rush to Embrace Electric Vehicles
The world’s fastest-growing market for electric vehicles is slowing, raising concerns that even in tech-hungry China, EVs could be a hard sell for years to come.
China Battery Giant Shrugs Off Headwinds With $1.4 Billion Plan
China’s top maker of electric-vehicle batteries plans to spend 10 billion yuan ($1.4 billion) building its first factory in the southwest of the country, adding to ambitious plans for next decade even as the short-term EV outlook get buffeted by subsidy cuts and demand uncertainties.
NIO laying off dozens more employees in Silicon Valley
It’s the EV startup’s second round of layoffs in the US this year
Why There’s No Rush To Buy Into NIO Stock
Shares of Chinese premium electric vehicle (EV) maker NIO (NASDAQ:NIO) have been on a roller coaster ride ever since the company went public about a year ago. Over the course of the past year, the NIO stock price nearly doubled from a $6.26 IPO price to $12 within its first few days on Wall Street. That gain was clawed back to $6 over the next few months. Then, the ride took off again in early 2019, going to $14. Then, investors kicked shares lower over the past six months to where they are now, just above $3.Source: THINK A / Shutterstock.com Amid all this volatility, I've consistently sounded a cautious and bearish tone on NIO stock. My thesis has been pretty simple.There are a lot of EV brands in China. Not all of them will make it long term. In fact, very few of them will actually survive. Right now, probabilities and fundamentals suggest that NIO won't be one of the survivors. As such, while NIO stock could go boom long term, the more likely outcome is for the stock to go bust.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI maintain that cautious thesis today.To be sure, there are signs that China's auto market and economy are re-accelerating. That's good news for NIO stock. But, until this company can impress investors with numbers that it will remain a relevant player in China's booming EV market for the foreseeable future, I don't think NIO stock will stage a meaningful move higher.As such, there's no rush to buy into NIO stock today. In this situation, patience is your friend. Monitor the China EV market and NIO's trends in that market from the sidelines. If signs appear that NIO is improving its competitive positioning, buy into NIO stock. Until then, stay away. The Good News For NIOThe good news for NIO stock is that China's economy and auto market appear to be bouncing back after a multi-quarter slowdown. * 7 Deeply Discounted Energy Stocks to Buy On the broad economic front, most data coming out of China implies that the worst of the country's multi-quarter economic slowdown -- which started in early 2018 -- is now in the rear-view mirror. Retail sales trends, in a downtrend since early 2018, have gradually improved over the last few months. PMI readings, similarly in a downtrend since early 2018, have stabilized over the last few months. Industrial profit growth rates have shown consistent improvement throughout 2019. The OECD's composite leading indicator for China has actually improved for five straight months. Many of China's biggest companies -- like Alibaba (NYSE:BABA) and JD.Com (NASDAQ:JD) -- have actually reported better-than-expected numbers over the past few months.Meanwhile, on the auto front, we are seeing similar signs of a turnaround. Specifically, China's auto market has declined for 13 straight months, with many of those months posting sizable declines. But, in July, the market dropped only 4.3%, one of the smaller declines in recent memory. There has also been a push from the government to further support EV adoption in urban areas through the removal of certain auto purchase restrictions which have constricted demand.Overall, then, the economic data coming out of China broadly implies that this country's economy is finally starting to turn the corner, and that China's auto market is following suit. That's all great news for NIO stock. The Bad News For NIOThe bad news for NIO stock is that re-accelerated economic and auto market expansion in China might not create a tide which lifts all boats.The big, overarching problem with NIO is that it is one of 486 EV companies in China. You read that right. There are 486 EV companies in China. That's far too many. In America, there are no more than 20 to 30 electric vehicle companies. In the long run, as China's EV market matures, rationalizes, and consolidates, it will down-size to something very similar to the U.S. EV landscape -- or, about 25 EV companies.In other words, 95% of China's EV companies today, probably won't be around by 2030. Those aren't good odds for NIO.Current trends are similarly unfavorable. NIO's delivery volume peaked in the fourth quarter of 2018 at nearly 8,000 deliveries. Ever since, delivery volume has dropped … significantly. In the first quarter of 2019, NIO delivered less than 4,000 cars. In the second quarter, it delivered around 3,500 cars. This quarter, the company is on track to deliver about 2,500 vehicles. * 7 Stocks to Buy In a Flat Market In other words, from late 2018 to today, NIO's quarterly deliver volume rate has shrunk nearly 70% and that's with NIO launching a new vehicle in mid-2019.Those are ugly trends. Broadly, they imply that NIO may not have what it takes to last long term in China's auto market. So long as the trends support that thesis, NIO stock will remain depressed. Bottom Line on NIO StockLong term, NIO stock could go boom if the company does turn into the go-to premium EV brand in China's booming electrics market. But the data right now simply does not support this thesis. Instead, it supports the thesis that NIO will be among the 95% of China EV companies that ultimately goes bust instead of boom.As such, the best move right now with NIO stock is to wait-and-see. Wait for more numbers to come out of NIO and China. See if NIO's trends are improving, or not. If they are improving, buy into the rebound bid. If they aren't, continue to stay away until they do.As of this writing, Luke Lango was long BABA and JD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Why There's No Rush To Buy Into NIO Stock appeared first on InvestorPlace.
