Chinese electric-vehicle startup (LI) got its first Buy ratings—two of them—from Goldman Sachs and Bernstein. Goldman analyst Fei Fang set his price target at $20.60 a share. Fang’s price target is a hair-lower, but he put Li stock on Goldman’s “conviction buy” list, reserved for the firms’ best ideas. Go to Source
Author: Yarhow_Finance Online News
Chinese EV Maker Xpeng Sets Term For Up To $1.1B IPO
View photos As speculated, Chinese electric vehicle maker Xpeng Inc. amended its preliminary prospectus filed with the SEC, disclosing the price range and the size of its initial public offering in the U.S. Xpeng’s Updated IPO Terms: In a second amendment to its F-1 filing late Friday, Xpeng said it plans to offer 85,000 American Depository Shares, or… Continue reading Chinese EV Maker Xpeng Sets Term For Up To $1.1B IPO
Chinese EV Maker Nio Plans Global Expansion Starting With Europe Later This Year
Nio Inc (NYSE: NIO) Chairman William Li said Thursday that the electric vehicle maker has plans to expand into other markets in the second half of 2020, CNBC reported. What Happened The Telsa Inc (NASDAQ: TSLA) rival is considering a foray into countries that are electric vehicle-friendly. “We hope to begin with Europe,” Li told reporters, without giving… Continue reading Chinese EV Maker Nio Plans Global Expansion Starting With Europe Later This Year
California’s Power Problems Could Benefit Natural Gas and Battery Makers
EQT, Exxon, and Sunrun are among the stocks that could get a boost as the state debates how to prepare for future surges. Go to Source
Goodyear’s stock fall after Trump tweet urging boycott of company’s tires, while rivals’ shares gain
Shares of Goodyear Tire & Rubber Co. dropped 3.1% in afternoon trading Wednesday, after President Donald Trump urged people not to buy the tire maker’s tires, after reports that the company is prohibiting workers from wearing apparel with political slogans, which would include “Make America Great Again” hats. “Don’t buy GOODYEAR TIRES — They announced… Continue reading Goodyear’s stock fall after Trump tweet urging boycott of company’s tires, while rivals’ shares gain
More Than Just an Electric Vehicle Maker, NIO Launches Battery as a Service Subscription Model
In an increasingly crowded EV market, NIO is distinguishing itself with an innovative approach to EV ownership. Go to Source
China’s Nio Unveils Battery-As-A-Service, Lowering EV Ownership Costs
Nio Inc – ADR (NYSE: NIO) confirmed early Thursday two landmark developments that are intended to drive its electric vehicle sales. Nio’s Twin Announcements: Nio unveiled a battery-as-a-service, or BaaS, subscription model, and also announced the establishment of the Wuhan Weineng Battery Asset Co. Nio’s BaaS Economics: The BaaS subscription model will allow customers purchase EVs separately,… Continue reading China’s Nio Unveils Battery-As-A-Service, Lowering EV Ownership Costs
Auto Stock Roundup: TSLA Stock Split, Ford Recalls, NIO’s Q2 Show & More
Last week, China Association of Automobile Manufacturers (“CAAM”) unveiled vehicle sales data for the month of July. Auto sales in July rose 16.4% year over year to 2.11 million units, marking the fourth consecutive month of gain registered by the world’s biggest auto market. The main highlight of the July auto report in China was… Continue reading Auto Stock Roundup: TSLA Stock Split, Ford Recalls, NIO’s Q2 Show & More
NIO Q2 Loss Narrower Than Expected, Q3 Guidance Promising
NIO Inc. NIO reported second-quarter loss per ADS of 15 cents, narrower than the Zacks Consensus Estimate of 34 cents. The loss also narrowed from the year-ago figure of 45 cents per share. The China-based EV maker posted revenues of $526.4 million, up 146.5% year over year. The top line also surpassed the consensus mark of… Continue reading NIO Q2 Loss Narrower Than Expected, Q3 Guidance Promising
Fisker says has tentative deal for Magna to build its electric SUV in Austria
DETROIT, Aug 7 (Reuters) – Electric carmaker Fisker Inc, which recently announced plans to go public through a merger with a so-called blank-check company, said on Friday it has a tentative deal for Canadian auto supplier Magna International Inc to build its Ocean electric SUV. Fisker said in a statement that it expects to reach… Continue reading Fisker says has tentative deal for Magna to build its electric SUV in Austria