(Bloomberg) — NIO Inc. reached a preliminary agreement to relocate its headquarters to another Chinese city in a deal that would raise much-needed cash. The electric-car maker’s shares surged. The framework pact with the municipal government of Hefei, where NIO’s main manufacturing hub is already located, is still subject to discussion. But in light of… Continue reading NIO Soars on China Government Deal Bernstein Calls a Bailout
Tag: Manufacturing
NIO Announces Entry into Framework Agreement with Hefei Municipal Government
SHANGHAI, China, Feb. 25, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today announced that it entered into a collaboration framework agreement with the municipal government of Hefei, Anhui province, where the Company’s main manufacturing hub is located. The framework agreement is preliminary in… Continue reading NIO Announces Entry into Framework Agreement with Hefei Municipal Government
Nio, the Tesla of China, surges 35% after confirming talks for $1.4 billion in government funding (NIO)
Ng Han Guan/Associated Press One of Tesla’s main competitors in China is a step closer to securing funding for additional plants in the region. Shares of Nio surged as much as 35% in early trading Tuesday after the company confirmed that it is in talks with the municipal government of Hefei, where its main manufacturing… Continue reading Nio, the Tesla of China, surges 35% after confirming talks for $1.4 billion in government funding (NIO)
Berlin documentary explores value of work in Germany’s struggling car industry
BERLIN (Reuters) – Disruptions in Germany’s car industry are eroding job security and national identity, with the most vulnerable drawing more self-respect from work than the wealthy, the director of a documentary screening at this year’s Berlin Film Festival said. FILE PHOTO: A worker assembles a new Audi at the production line of the German… Continue reading Berlin documentary explores value of work in Germany’s struggling car industry
UPDATE 2-Chinese EV maker Nio surges on funding talks with Hefei govt
(Adds share price move, analyst note) BEIJING, Feb 25 (Reuters) – Shares in China’s Nio Inc surged more than 30% on Tuesday after it signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Cash-strapped electric vehicle (EV) maker Nio is the most… Continue reading UPDATE 2-Chinese EV maker Nio surges on funding talks with Hefei govt
China’s cash-strapped EV maker Nio in talks with Hefei on funding
Chinese cash-strapped electric vehicle (EV) maker Nio Inc said it had signed framework agreements with Hefei‘s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Loss-making Nio is the most prominent among dozens of Chinese electric vehicle startups vying to become the next Tesla Inc. All are hampered by dwindling demand in the world’s largest car… Continue reading China’s cash-strapped EV maker Nio in talks with Hefei on funding
Grammer AG completes refinancing ahead of schedule in a demanding market environment
Amberg, February 25, 2020 – Grammer AG has placed its long-term group funding operations on a solid basis with a new syndicated loan. The syndicated loan consists of two tranches. Tranche A is composed of a credit facility of EUR 150 million for a period of five years plus two one-year renewal options. This tranche… Continue reading Grammer AG completes refinancing ahead of schedule in a demanding market environment
It’s Time: Tesla Confirms Model Y Deliveries Will Start In March
All signs already pointed for that: an official EPA rating, the NHTSA database, videos, SOP – Start Of Production – rumors, and more rumors. Where there’s smoke, there’s fire. The Model Y would arrive ahead of schedule. Tesla has officially confirmed that by sending its reservation holders a message that it will start deliveries of… Continue reading It’s Time: Tesla Confirms Model Y Deliveries Will Start In March
Tesla’s Battery Costs Are Dropping Quickly
EDITOR’S NOTE: This article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content… Continue reading Tesla’s Battery Costs Are Dropping Quickly
All-Electric Fiat 500C Appears Before Geneva Motor Show Reveal
It is an irony that automakers sometimes reveal their newest vehicles while making pictures that are supposed to be embargoed. That has happened very often, and it seems to be the case again with the third generation of the Fiat 500. Its convertible derivative, called 500C, was in a photoshoot, possibly for press pictures, when… Continue reading All-Electric Fiat 500C Appears Before Geneva Motor Show Reveal