Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
9/6/2024 | $5.30 → $8.00 | Neutral → Overweight | JP Morgan | |
9/5/2024 | Peer Perform | Wolfe Research | ||
5/15/2024 | $4.80 → $5.40 | Underweight → Neutral | JP Morgan | |
4/15/2024 | $5.00 | Neutral | Macquarie | |
4/2/2024 | $4.00 | Equal Weight → Underweight | Barclays | |
3/25/2024 | $5.50 | Buy → Neutral | Mizuho | |
3/6/2024 | $6.00 | Buy → Outperform | CLSA | |
2/23/2024 | $8.50 → $5.00 | Neutral → Underweight | JP Morgan |
On Tuesday after market close, Tesla Inc (NASDAQ:TSLA) reported its second quarter results, missing earnings expectations. Upon the disappointing results, Tesla shares fell more than 8% during premarket trading on Wednesday, pulling down the shares of its rivals, Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), BYD Company Limited (OTC:BYDDY), Nio Inc (NYSE:NIO) and XPeng Inc (NYSE:XPEV). Second Quarter Highlights For the quarter that ended on June 30th, Tesla reported its automotive revenue dropped 7% YoY to $19.9 billion, marking its second straight quarter of YoY sales declines and first-ever consecutive quarters of declining sales volume. Tesla responded to slowin
NIO Inc. (NYSE:NIO) shares are trading lower in the premarket session on Wednesday. The negative price movement of NIO follows EV behemoth Tesla, Inc. (NASDAQ:TSLA), which fell sharply in premarket trading, with the pullback coming after the company reported its second-quarter results. Tesla reported second-quarter earnings per share that trailed expectations. The company expects vehicle production to be sequentially higher in the third quarter but 2024 vehicle growth to be slower than in 2023. In another development, NIO, the EV behemoth’s Chinese electric vehicle rival, is gearing up to introduce NOMI GPT. This virtual AI-powered voice assistant will debut on NIO’s second-generati
BEIJING, Oct. 1, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has entered into a strategic partnership with The Tokio Marine & Nichido Fire Insurance Company (China) Limited ("TMNCH"), as Cheche continues to broaden its collaborations with insurance companies in China. Underwriting primary coverage and reinsurance for several lines of business including property insurance, liability insurance, guaranty insurance, and short-term health insurance, TMNCH, wholly funded by Tokio Marine & Nichido Fire Insurance Co., Ltd., is the first Japanese insurance company to have entered the Chi
Company Achieved New Record-High Quarterly Deliveries ONVO L60 started deliveries in late September 202421,181 vehicles were delivered in September 2024, increasing by 35.4% year-over-year61,855 vehicles were delivered in the three months ended September 2024, increasing by 11.6% year-over-yearCumulative deliveries reached 598,875 as of September 30, 2024 SHANGHAI, Oct. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the global smart electric vehicle market, today announced its September and third quarter 2024 delivery results. The Company delivered 21,181 vehicles in September 2024, representing an in
BEIJING, Sept. 30, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that its Founder, Chief Executive Officer and Chairman, Lei Zhang, recently purchased Class A ordinary shares of Cheche in the open market. "The rapid growth of the digital insurance business for new energy vehicles and the significant economies of scale underscore the enormous potential of our platform," said Mr. Zhang. "My investment reflects my confidence in Cheche as we continue to build and customize products for our expanding network of insurance and manufacturing partners and increase our footprint in China's insurance
6-K - Cheche Group Inc. (0001965473) (Filer)
6-K - NIO Inc. (0001736541) (Filer)
6-K - Cheche Group Inc. (0001965473) (Filer)
BEIJING, Feb. 28, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche", "the Company" or "we"), China's leading auto insurance technology platform, today announced the appointment of two executive officers. The board of directors of the Company has appointed Ms. Wenting Ji as the chief financial officer of the Company and Ms. Yanjun Liu as the chief operating officer of the Company, both effective from February 28, 2024. Prior to joining the Company, Ms. Wenting Ji served as the chief financial officer of Xiaoyezi Music Technology Group from July 2022 to August 2023. Prior to that, Ms. Ji served as the chief financial officer of Quhuo Limited (NASDAQ:QH) from January 2019 to July 2
NIO delivered 10,055 vehicles in January 2024, increasing by 18.2% year-over-yearCumulative deliveries of NIO vehicles reached 459,649 as of January 31, 2024 SHANGHAI, China, Feb. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its January 2024 delivery results. NIO delivered 10,055 vehicles in January 2024, increasing by 18.2% year-over-year. The deliveries consisted of 6,307 premium smart electric SUVs, and 3,748 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 459,649 as of January 31, 2024. NIO has opened up its
SHANGHAI, China, Nov. 13, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced that Professor Yonggang Wen has been appointed as a new independent director to the Company's board of directors (the "Board"), effective November 13, 2023. "We are delighted to welcome Professor Wen to the Board of NIO. With his outstanding academic background, combined with his expertise in cloud computing and computational sustainability, and passion for innovative technologies, Professor Wen brings unique perspectives to the Board," said William Bin Li, chairman of the Boar
JP Morgan upgraded NIO from Neutral to Overweight and set a new price target of $8.00 from $5.30 previously
Wolfe Research resumed coverage of NIO with a rating of Peer Perform
JP Morgan upgraded NIO from Underweight to Neutral and set a new price target of $5.40 from $4.80 previously
Adjusted EBITDA Increased to $6.4 Million for the First Half of 2024 Conference Call and Webcast on September 16th at 8 AM ET NEW YORK, Sept. 16, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B software-focused auto services and auto e-insurance in China, today provided a business update and reported financial results for the first half of fiscal year 2024. First Half 2024 Financial Results Total revenue increased by 27% to $203.1 million for the six months ended June 30, 2024, from $159.4 million for the six months ended June 30, 2023.Auto Services ' revenue increased by 9% to $107.5 million for the six mo
Quarterly Total Revenues reached RMB17,446.0 million (US$2,400.6 million)iQuarterly Vehicle Deliveries were 57,373 units SHANGHAI, Sept. 05, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the global smart electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2024. Operating Highlights for the Second Quarter of 2024 Vehicle deliveries were 57,373 in the second quarter of 2024, consisting of 32,562 premium smart electric SUVs and 24,811 premium smart electric sedans, representing an increase of 143.9% from the second quarter of 2023, and an inc
BEIJING, Aug. 29, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche", the "Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. Financial and Operational Highlights Net revenues for the quarter increased 2.5% year-over-year to RMB851.8 million (US$117.2 million), while net revenues for the first half of 2024 increased 1.8% over the comparable prior year period to RMB1.6 billion (US$225.5million).Net loss for the quarter decreased 16.4% year-over-year to RMB23.6 million (US$3.2 million), while net loss for the first half of 2024 decreased 24.0% to RMB54.9 million (US$7.6 m
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