(Bloomberg) — The government of Abu Dhabi is taking a 7% stake in Nio Inc. and will gain a board seat, giving the electric carmaker a capital infusion as it contends with losses and uncertain demand in China’s competitive EV market. Most Read from Bloomberg CYVN Holdings LLC, an investment entity controlled by Abu Dhabi,… Continue reading Abu Dhabi to Take 7% Stake in Chinese Electric Vehicle Maker Nio
Author: Yarhow_Finance Online News
This Costco Tip Could Pay for a Membership in One Purchase
An annual Costco membership costs $60 or $120. Read on to learn how you can save that much on just one Costco purchase. Go to Source
Auto Roundup: LAD’s Buyout Binge Continues, AZO’s Buyback Gets a Boost & More
U.S. legacy automaker General Motors GM is set to invest $632 million in Fort Wayne Assembly, bolstering the production of next-generation internal combustion engine (ICE) full-size light-duty trucks. This significant investment reaffirms GM’s commitment to its leading position in the full-size truck market and underscores its dedication to providing customers with a robust lineup of… Continue reading Auto Roundup: LAD’s Buyout Binge Continues, AZO’s Buyback Gets a Boost & More
China’s Nio to get near $740 million investment from Abu Dhabi-backed firm
(Reuters) -CYVN Holdings, a firm backed by the Abu Dhabi government, will invest about $738.5 million in Nio Inc, the Chinese electric vehicle maker said on Tuesday, as it looks to bolster the company’s balance sheet. Nio and peers Xpeng and Li Auto are among those competing to grab a larger EV market share in… Continue reading China’s Nio to get near $740 million investment from Abu Dhabi-backed firm
NIO Inc. Announces Strategic Equity Investment from CYVN Holdings
SHANGHAI, China, June 20, 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 it has entered into a share subscription agreement with CYVN Holdings L.L.C., an investment vehicle majority owned by the… Continue reading NIO Inc. Announces Strategic Equity Investment from CYVN Holdings
2 Green Flags for Nio Stock in 2023 (and Beyond)
Fool.com contributor and finance professor Parkev Tatevosian elaborates on two catalysts that could lift Nio’s (NYSE: NIO) stock price higher in 2023. *Stock prices used were the afternoon prices of June 16, 2023. Go to Source
7 EV Sleeper Stocks to Buy Before Investors Wake Up
When you mention EV stocks, I bet most people immediately think of Tesla (NASDAQ:TSLA), Elon Musk, American legacy manufacturers releasing electric versions of popular models, and perhaps a few Chinese makers like Nio (NYSE:NIO). I’d also bet that most of the money to be made in those stocks has already been made. What I’m getting… Continue reading 7 EV Sleeper Stocks to Buy Before Investors Wake Up
Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow… Continue reading Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
BorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business Segment
AUBURN HILLS, Mich. , June 19, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) and Eldor Corporation S.p.A. today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject… Continue reading BorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business Segment
EV Roundup: TSLA’s NACS Wave, NKLA’s Cost Optimization Drive & More
In a major development in the electric vehicle (EV) space, last week several EV charging companies like Blink Charging, ChargePoint, EVgo, Tritium and Wallbox announced plans to offer chargers featuring Tesla‘s TSLA connector, marking a significant turn away from the standard Combined Charging System (CCS) connector. The shift in industry preference can be attributed to the advantageous design of Tesla’s… Continue reading EV Roundup: TSLA’s NACS Wave, NKLA’s Cost Optimization Drive & More