NIO

Nio (NIO) released its Q2 earnings Wednesday morning as the Chinese EV maker enters a critical stage of development. With competition rising and the auto supply chain still in shambles, Nio’s losses are widening as it introduces several new EVs to the market. Since its foundation in 2014, Nio has been a pioneer in the Chinese EV industry. The automaker was deemed the “Tesla of China” after an explosive entrance, and then, after going public in September 2018, Nio became a favorite among investors and EV…

Check out the companies making headlines before the bell:Coupa Software — Shares surged 11.6% after the business management software company surpassed earnings estimates in its recent quarter, and issued strong full-year earnings and revenue guidance. Coupa earned 20 cents per share compared with estimates of 9 cents per share, according to Refinitiv.UiPath — Shares plunged 22.4% after UiPath issued third-quarter and full-year revenue guidance that was below expectations, though the robotic process automation software…

Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022.Qilai Shen | Bloomberg | Getty ImagesChinese electric vehicle maker Nio lost $409.8 million in the second quarter, representing significantly widening losses, despite deliveries that surpassed year-ago levels and exceeded its own guidance.Here are the key numbers from Nio's second-quarter earnings report.related investing newsTesla can surge 30% on Inflation Reduction Act, Wolfe Research says in upgrade to…

Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions for the resurgence of Covid in China as well as weaker consumer demand due to a difficult economic environment in the country.Future Publishing | Future Publishing | Getty ImagesStocks of Chinese electric vehicle makers Nio, Li Auto and Xpeng fell in U.S. pre-market trade on Thursday after the latter two start-ups reported a…

According to a recent Weibo post, EV automaker NIO is testing its latest generation of battery swap stations in China. Due to record temperature across the country causing energy blackouts, NIO has explained that some of its swap stations already have the technology equipped to act as “virtual power plants” supplying energy back to the local grid during peak hours. NIO is a Chinese technology company specializing in premium EVs that are now starting to expand outside of China into new markets in Europe. In…

Nio ET5 Chinese electric vehicle (EV) manufacturer Nio Inc is building a test facility in the USA to leasing battery packs for EVs, as the company prepares to roll out its battery-as-a-service business model to key overseas markets, according to reports in China last week. The facility, near the company’s US headquarters in San Jose, California, is expected to be operational by November, ahead of a broader…

Xpeng said it delivered 11,524 in July, a rise versus the same time last year, but slipping from June's figure. Xpeng had the highest deliveries out of its closest rivals Nio and Li Auto in July. Xpeng said it will begin accepting reservations for its new G9 SUV in August 2022.Chen Dongqiu | Visual China Group | Getty ImagesShares of Chinese electric vehicle startups Nio, Xpeng and Li Auto jumped in pre-market trade in the U.S. Monday after the companies posted a rise in July car deliveries.Nio said it delivered 10,052…

A typical Nio battery swap station in China Chinese electric vehicle (EV) manufacturer Nio plans to establish a worldwide network of 4,000 battery swap stations in the next few years. As part of its strategy to increase its exposure to China’s fast-growing EV market, the New York-listed automaker had initially already installed 1,000 battery swap stations across its home country, including 260 along major…

Nio's ES7 sports utility vehicle adds another competitor to Tesla's Model X and Model Y in China.NioChinese electric vehicle maker Nio delivered nearly 13,000 vehicles in June, up 60% from a year ago as China's auto industry continued to rebound after months of pandemic-related disruptions.Its total deliveries of 12,961 was Nio's best monthly result since it began sales to the public in June 2018. But it wasn't enough to outpace the company's two key rivals. XPeng Motors delivered 15,295 vehicles to customers in June, up…

Nio and other EV accidentsWhile the Nio incident was most likely a mishap, the reason why it has hit more global headlines that what a combustion engine car would have is due to a growing safety concern regarding electric vehicles around the world. In recent times, India has experienced a number of accidents of electric vehicles, which have raised concerns regarding the battery testing and safety standard procedures being followed by the numerous two-wheeler EV makers that have started operating in the country. Even…