Shares of Nio Inc. sank 4.1% in premarket trading Monday, after the China-based electric vehicle company reported October deliveries that fell 27.% from a year ago, as restructuring, upgrading of manufacturing lines and preparation of new products acted as drag. The company delivered 3,667 vehicles in October, consisting of 218 ES8 six- or seven-seater SUVs… Continue reading Nio stock sinks after October deliveries fall
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NIO Inc. Provides October 2021 Delivery Update
NIO delivered 3,667 vehicles in October 2021, decreasing by 27.5% year-over-year due to restructuring and upgrades of manufacturing lines and preparation of new products introduction Cumulative deliveries of the ES8, ES6 and EC6 as of October 31, 2021 reached 145,703 SHANGHAI, China, Nov. 01, 2021 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE:… Continue reading NIO Inc. Provides October 2021 Delivery Update
China EV Sales: Xpeng Deliveries Triple, Stock Retakes Buy Point, Li Sales Double, Nio Tumbles
Motley Fool Why Is Honda Chasing Tesla’s CEO Into Space? Elon Musk’s Tesla (NASDAQ: TSLA) achieved a $1 trillion valuation earlier this week as the electric car company continued to disrupt the established car industry with new technologies such as autonomous driving software, solar power, and rechargeable batteries. Perhaps inspired by this success, Honda Motor… Continue reading China EV Sales: Xpeng Deliveries Triple, Stock Retakes Buy Point, Li Sales Double, Nio Tumbles
Chinese Carmaker BYD Seeks Up to $1.8 Billion in Share Placement
(Bloomberg) — Chinese car and battery maker BYD Co. is seeking to raise up to $1.8 billion in a share placement, according to terms obtained by Bloomberg. Most Read from Bloomberg The Shenzhen-based company is looking to sell 50 million H-shares at HK$273.5 to HK$279.5 each, which represents an up to 7.8% discount to its… Continue reading Chinese Carmaker BYD Seeks Up to $1.8 Billion in Share Placement
Spicer Electrified™ e-Powertrain from Dana Earns Two Technology Awards at 2021 Diesel Progress Summit
MAUMEE, Ohio, Oct. 28, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has earned the New Power Technology Award and the Achievement of the Year Award for its Spicer Electrified™ e-Powertrain at the 2021 Diesel Progress Summit and Awards, held this week. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) The awards recognize Dana’s ability… Continue reading Spicer Electrified™ e-Powertrain from Dana Earns Two Technology Awards at 2021 Diesel Progress Summit
Sale of majority of Modine’s automotive business to Dana Inc. terminated
Reuters Phillips 66 to buy remaining stake in partnership for $3.4 billion (Reuters) -Phillips 66 said on Wednesday it will buy the remaining units of Phillips 66 Partners it does not already own for $3.4 billion, as the refiner aims to simplify its governance and corporate structure. Phillips 66 Partners was formed by the refiner… Continue reading Sale of majority of Modine’s automotive business to Dana Inc. terminated
Dana Incorporated Reports 2021 Third-quarter Financial Results
MAUMEE, Ohio, Oct. 26, 2021 /PRNewswire/ — Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Key Highlights Sales of $2.2 billion Net income attributable to Dana of $48 million Diluted EPS of $0.33 Adjusted EBITDA of $210 million Diluted adjusted EPS of $0.41 Hosted Capital Markets Day focused on electrification technology Announced over a dozen significant new EV… Continue reading Dana Incorporated Reports 2021 Third-quarter Financial Results
Dana Announces Termination of Agreement to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing Company
MAUMEE, Ohio, Oct. 25, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today a mutual agreement with Modine Manufacturing Company (NYSE: MOD) to terminate Dana’s agreement to acquire a portion of Modine’s automotive thermal-management business for one dollar with the assumption of certain financial liabilities. Both companies had been actively engaged in the regulatory review… Continue reading Dana Announces Termination of Agreement to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing Company
Autoliv, inc (ALV) Q3 2021 Earnings Call Transcript
On this call, we have our President and CEO, Mikael Bratt and our Chief Financial Officer, Fredrik Westin and I am Anders Trapp, Vice President of Investor Relations. Following Mikael, Fredrik will provide further details and commentary around the financials. Go to Source
NIO May Bring ET7’s Electric Drive System To All Models: Report
Chinese electric vehicle maker Nio Inc (NYSE: NIO) may introduce its electric sedan ET7’s electric drive system to all models, cnEVpost reported on Tuesday, citing a Chinese news publication. What Happened: The Shanghai-headquartered Nio may bring the second-generation electric motor to other models such as the ES8, ES6 and EC6, as per reports coming from… Continue reading NIO May Bring ET7’s Electric Drive System To All Models: Report