Quarterly Total Revenues reached RMB16,063.5 million (US$2,329.0 million)iRecord-high Quarterly Vehicle Deliveries were 40,052 unitsFull Year Total Revenues reached RMB49,268.6 million (US$7,143.3 million)Full Year Vehicle Deliveries were 122,486 units SHANGHAI, China, March 01, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in… Continue reading NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results
Author: Yarhow_Finance Online News
China Lithium Miners Restart After Government Investigation
(Bloomberg) — Some mines in one of China’s major lithium-production hubs have been allowed to restart amid a government investigation that halted activity last week, according to a report in local media outlet Cailian. Most Read from Bloomberg A probe into the mining industry in Yichun in the southeastern Jiangxi province forced sweeping closures last… Continue reading China Lithium Miners Restart After Government Investigation
Fisker Shares Jump 30% as Ocean EV Deliveries Are Set for Spring Launch
TipRanks Goldman Sachs Sees at Least 70% Gains in These 2 Stocks — Here’s Why They Could Soar With signs suggesting inflation is finally being tamed, 2023 opened with hope the Fed will take a less aggressive stance in its efforts to tame it and will start cutting interest rates. However, don’t get too hopeful… Continue reading Fisker Shares Jump 30% as Ocean EV Deliveries Are Set for Spring Launch
Dana’s Climate Commitments Validated by Science Based Target Initiative
MAUMEE, Ohio, Feb. 28, 2023 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that the Science Based Target initiative (SBTi) has validated the company’s climate commitments, including reducing Scope 1 and 2 greenhouse gas (GHG) emissions by more than 50 percent and Scope 3 GHG emissions by more than 25 percent before 2030. Dana Incorporated… Continue reading Dana’s Climate Commitments Validated by Science Based Target Initiative
Adient announces intention to offer $850 million of new senior secured and unsecured notes
PLYMOUTH, Mich., Feb. 28, 2023 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced that its wholly-owned subsidiary, Adient Global Holdings Ltd, intends, subject to market and other customary conditions, to offer $850 million in aggregate principal amount of senior notes, to be allocated between new senior secured notes due 2028 (the “Secured Notes”)… Continue reading Adient announces intention to offer $850 million of new senior secured and unsecured notes
Availability of Universal Registration Document
FAURECIA Nanterre (France), February 28th, 2023 Availability of Universal Registration Document The 2022 Universal Registration Document of Faurecia S.E. was filed with the French Financial Markets Authority (Autorité des marchés financiers) on February 28th, 2023. The 2022 Universal Registration Document notably includes: the annual financial report; the Board of Directors’ report on the corporate governance;… Continue reading Availability of Universal Registration Document
Nio Losses Could Widen After Deliveries Missed Initial Guidance
TipRanks Down More Than 40%: 2 ‘Strong Buy’ Stocks That Are Too Cheap to Ignore The current economic situation is turbulent for investors, to say the least. From the threat of a looming recession to high inflation, current market conditions mean that it is becoming increasingly difficult for investors to predict what’s happening next. Wall… Continue reading Nio Losses Could Widen After Deliveries Missed Initial Guidance
UPDATE 1-Fisker reports higher orders, maintains annual production target
(Adds executive comment from conference call, updates shares) Feb 27 (Reuters) – Electric-vehicle startup Fisker Inc on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares higher by 26% in early trading. Demand for electric vehicles has surged globally as countries seek to… Continue reading UPDATE 1-Fisker reports higher orders, maintains annual production target
Fisker reports higher orders, maintains annual production target
Feb 27 (Reuters) – Electric-vehicle startup Fisker Inc on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares higher by 7% in trading before the bell. Demand for electric vehicles has surged globally as countries seek to tackle climate change by opting for… Continue reading Fisker reports higher orders, maintains annual production target
Eaton Joins EU-Supported InterSTORE Consortium To Support Energy Transition With Unified Energy Storage
MORGES, SWITZERLAND / ACCESSWIRE / February 27, 2023 / Intelligent power management company Eaton today announced its involvement in a pan-European research and innovation project to develop seamless IT infrastructure for energy storage systems. Launched on January 1 and scheduled to run for three years, the InterSTORE project (“Interoperable open-source tools to enable the hybridization,… Continue reading Eaton Joins EU-Supported InterSTORE Consortium To Support Energy Transition With Unified Energy Storage