Shares of NIO Inc. fell 2.0% in premarket trading Thursday, after the China-based electric vehicle maker reported a narrower-than-expected first-quarter loss and revenue that topped expectations, but a sharp contraction in gross margin and a downbeat outlook due to volatilities in the supply chain and vehicle delivery challenges resulting from the recent COVID-19 resurgence. The… Continue reading NIO stock drops after downbeat outlook, steep drop in gross margin offset narrower-than-expected loss
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NIO Inc. Reports Unaudited First Quarter 2022 Financial Results
Quarterly Total Revenues reached RMB9,910.6 million (US$1,563.4 million)iQuarterly Deliveries of the ES8, the ES6, the EC6 and the ET7 were 25,768 vehicles SHANGHAI, China, June 09, 2022 (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,… Continue reading NIO Inc. Reports Unaudited First Quarter 2022 Financial Results
What Is The Ownership Structure Like For Linamar Corporation (TSE:LNR)?
If you want to know who really controls Linamar Corporation (TSE:LNR), then you’ll have to look at the makeup of its share registry. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. Warren Buffett said that he likes “a business with enduring competitive advantages that… Continue reading What Is The Ownership Structure Like For Linamar Corporation (TSE:LNR)?
Lawsuit claims Better.com misled investors, EV startup CEOs received pay bump, Goodyear recalls tires
Motley Fool If Netflix Acquired Roku, It Could Be a Match Made in Heaven Roku (NASDAQ: ROKU) stock surged Wednesday on employee rumors of a potential acquisition by Netflix (NASDAQ: NFLX). The reports seemed to gain steam when “Roku abruptly closed the trading window for all employees, prohibiting them from selling any of their vested… Continue reading Lawsuit claims Better.com misled investors, EV startup CEOs received pay bump, Goodyear recalls tires
Goodyear (GT) to Recall 173K 20-Year-Old Inefficient RV Tires
Goodyear Tire GT recently announced that it is recalling around 173,000 G159 tires used in recreational vehicles (RVs). The National Highway Traffic Safety Administration (“NHTSA”) has stated that the tires experienced high chances of failure on RVs compared to other similar tires, which can be a potential cause of serious injury or death. The tires… Continue reading Goodyear (GT) to Recall 173K 20-Year-Old Inefficient RV Tires
Goodyear Recalls Over 170,000 Tires Used On RVs
Reuters WalMart expands transportation partnerships with electric, hydrogen vehicle pilots Retail giant Walmart Inc on Wednesday said it was expanding transportation pilots with manufacturers of electric, hydrogen and natural gas-powered vehicles, including Cummins Inc and Daimler Truck’s Freightliner. The partnerships, which are in addition to previously announced transportation tie-ups, are part of Walmart’s 2040 goal… Continue reading Goodyear Recalls Over 170,000 Tires Used On RVs
EV Roundup: STLA’s Pact With CTR, MZDAY’s Carbon Neutrality Pledge & More
The electric vehicle (EV) revolution is speeding up, with companies leaving no stone unturned to establish a strong foothold in this domain. Legacy automakers are stepping up e-mobility investment and setting ambitious targets to electrify their fleet. Last week, Stellantis N.V. STLA inked a deal with a lithium resource producer to procure the metal’s supply for… Continue reading EV Roundup: STLA’s Pact With CTR, MZDAY’s Carbon Neutrality Pledge & More
Why Nio Shares Rose Tuesday
Nio (NYSE: NIO) releases its first-quarter update Thursday morning, and investors should be expecting added volatility. The report comes after some of its Chinese peers released their own updates, so investors have some ideas on what to expect. Nio’s American depositary shares (ADSs) are moving higher today in anticipation. Go to Source
BYD May Sell Batteries to Tesla, Executive Tells State Media
(Bloomberg) — BYD Co., the automaker backed by Warren Buffett, is readying to sell its own batteries to Tesla Inc., an executive at the Chinese company has told state media. Most Read from Bloomberg “We are good friends with Elon Musk and we are preparing to supply batteries to Tesla,” BYD’s executive vice president Lian… Continue reading BYD May Sell Batteries to Tesla, Executive Tells State Media
Tesla Stock Vs. BYD Stock: BYD To Supply Batteries To Tesla As It Seizes EV Crown
Reuters Venezuelan President Maduro to visit Turkey, meet Erdogan CARACAS (Reuters) -Venezuelan President Nicolas Maduro will pay a two-day official visit to Turkey beginning on Tuesday, the Turkish government said. Maduro has repeatedly said he will visit Turkey, one of a handful of countries globally with whom he maintains ties amidst stiff sanctions by the… Continue reading Tesla Stock Vs. BYD Stock: BYD To Supply Batteries To Tesla As It Seizes EV Crown