Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
1/9/2024 | Buy → Neutral | BofA Securities | |
1/3/2024 | Neutral | Goldman |
SHANGHAI, June 06, 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 unaudited financial results for the first quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 Vehicle deliveries were 30,053 in the first quarter of 2024, consisting of 17,809 premium smart electric SUVs and 12,244 premium smart electric sedans, representing a decrease of 3.2% from the first quarter of 2023, and a decrease of 39.9% from the fourth quarter of 2023. Key Operating Results 2024 Q12023 Q42023 Q32023 Q2Deliveries30,05350,04555,43223,520
SHANGHAI, China, May 22, 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 that it will report its unaudited financial results for the first quarter 2024 on Thursday, June 6, 2024, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on June 6, 2024 (8:00 PM Beijing/Hong Kong/Singapore Time on June 6, 2024). A live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.nio.com/news-events/events. For participant
Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
Quarterly Total Revenues reached RMB17,103.2 million (US$2,408.9 million)iQuarterly Vehicle Deliveries were 50,045 units Full Year Total Revenues reached RMB55,617.9 million (US$7,833.6 million) Full Year Vehicle Deliveries were 160,038 units SHANGHAI, China, March 05, 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 unaudited financial results for the fourth quarter and full year ended December 31, 2023. Operating Highlights for the Fourth Quarter and Full Year of 2023 Vehicle deliveries were 50,045 in the fourth quarter of 2
NIO Inc. (NYSE:NIO) shares are trading higher in the premarket session on Thursday. The upcoming release of the NIO Phone by the Chinese EV maker has been confirmed with its inclusion in a regulatory database. The 5G mobile phone, identified by model number N2401, obtained China Compulsory Certificate (CCC) certification on July 17, reported CnEV Post. The manufacturer of the new NIO Phone is Lens Technology, based in Hunan, as indicated by its CCC certificate information. CCC, China’s mandatory product certification system, has been in effect since May 2002, aiming to safeguard consumer rights through stringent product standards and regulations. According to Benzinga Pro, NIO
NIO Inc. (NYSE:NIO) shares are trading lower on Wednesday. According to Benzinga Pro, NIO stock has lost over 55% in the past year. NIO plans to reduce car purchase incentives starting July 22, increasing prices for models like the ET5 and ES6 by RMB3,000 ($413.17) to RMB5,000, reported CnEV Post. Also Read: What’s Going On With Chinese EV Maker Li Auto Shares Today? Investors can gain exposure to the stock via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles And Future Mobility Index ETF (NYSE:KARS). This adjustment follows the lead of German luxury carmakers in stepping away from price competition. NIO’s decision aims to enha
Li Auto Inc. (NASDAQ:LI) shares are trading marginally lower on Wednesday in the premarket session. Chinese stocks may be under pressure after the country’s softer-than-expected second-quarter GDP growth. According to official data released on Monday, the economy expanded by 4.7%. This growth rate, lower than the 5.1% predicted by analysts, reflects the slowest pace since the first quarter of 2023. Meanwhile, Li Auto has reportedly established a specialized team focused on investing in comprehensive AI (artificial intelligence) technology, following in the footsteps of NIO Inc. (NYSE:NIO). Li Auto has recently formed a team dedicated to end-to-end large-model autonomous driving,
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
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Canadian car makers breathed a sigh of relief last week when US lawmakers decided to scrap part of a large incentive package for electric vehicles (EVs) that originally excluded EVs assembled in Canada from a proposed $7,500 US consumer tax credit for "clean vehicles." The credit, which includes battery-electric, plug-in hybrids and hydrogen fuel cell, is part of a $369 billion proposed new spending on climate-related initiatives included in the Inflation Reduction Act. US Senators Chuck Schumer and Joe Manchin, both Democrats, reached an agreement late Wednesday to include the credit and a ran
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Canadian car makers breathed a sigh of relief last week when US lawmakers decided to scrap part of a large incentive package for electric vehicles (EVs) that originally excluded EVs assembled in Canada from a proposed $7,500 US consumer tax credit for "clean vehicles." The credit, which includes battery-electric, plug-in hybrids and hydrogen fuel cell, is part of a $369 billion proposed new spending on climate-related initiatives included in the Inflation Reduction Act. US Senators Chuck Schumer and Joe Manchin, both Democrats, reached an agreement late Wednesday to include the credit and a ran
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JP Morgan upgraded NIO from Underweight to Neutral and set a new price target of $5.40 from $4.80 previously
Macquarie resumed coverage of NIO with a rating of Neutral and set a new price target of $5.00
Barclays downgraded NIO from Equal Weight to Underweight and set a new price target of $4.00
Mizuho downgraded NIO from Buy to Neutral and set a new price target of $5.50
SHANGHAI, July 05, 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 that Mr. Steven Wei Feng has tendered his resignation as the Chief Financial Officer of NIO for personal and family reasons, effective July 5, 2024. The Company greatly appreciates Mr. Feng's contributions to NIO since 2019 and wishes him the best in his future endeavors. The board of directors of the Company (the "Board") has approved to concurrently promote the Company's Senior Vice President of Finance, Mr. Stanley Yu Qu, as the new Chief Financial Officer. Since joining NIO in Oct
Company Achieved New Record-High Monthly and Quarterly Deliveries NIO delivered 21,209 vehicles in June 2024, increasing by 98.1% year-over-yearNIO delivered 57,373 vehicles in the three months ended June 2024, increasing by 143.9% year-over-year Cumulative deliveries of NIO vehicles reached 537,020 as of June 30, 2024 SHANGHAI, China, July 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 June and second quarter 2024 delivery results. NIO delivered 21,209 vehicles in June 2024, representing an increase of 98.1% year-over-year. The deliv
BEIJING, June 20, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it has entered into a partnership with NIO Insurance Broker Co., Ltd. ("NIO Insurance Broker"), a subsidiary of NIO INC. (NYSE:NIO) ("NIO"), as Cheche continues to deepen its collaborations with new energy vehicle ("NEV") manufacturers. Cheche's accessible digital platform, powered by industry-leading technology, will digitalize the process of completing auto insurance for NIO, while reducing front-end insurance delivery costs and enabling NIO to digitally manage its insurance business. This customized digital insurance servic
SHANGHAI, June 06, 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 unaudited financial results for the first quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 Vehicle deliveries were 30,053 in the first quarter of 2024, consisting of 17,809 premium smart electric SUVs and 12,244 premium smart electric sedans, representing a decrease of 3.2% from the first quarter of 2023, and a decrease of 39.9% from the fourth quarter of 2023. Key Operating Results 2024 Q12023 Q42023 Q32023 Q2Deliveries30,05350,04555,43223,520
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