(Reuters) – U.S. demand for electric vehicles, including hybrids, could rise to 1.28 million by 2026, a new study projected on Wednesday, but most brands will struggle to make money on the new models. FILE PHOTO: The 2020 Mercedes-Benz GLC EQC is revealed at the 2019 New York International Auto Show in New York City,… Continue reading Outside of Tesla, future EV sales in U.S. may be thin for most brands-study
Tag: Financial Results
UPDATE 2-NXP to buy Marvell’s WiFi, Bluetooth business for $1.76 bln
(Reuters) – Dutch chipmaker NXP Semiconductors NV said on Wednesday it will buy Marvell Technology Group Ltd’s wireless connectivity business for $1.76 billion in cash to offer its customers a bigger product portfolio. FILE PHOTO: People look over a display in the NXP booth during the 2019 CES in Las Vegas, Nevada, U.S. January 8,… Continue reading UPDATE 2-NXP to buy Marvell’s WiFi, Bluetooth business for $1.76 bln
China’s used car marketplace Uxin to raise $230M via convertible notes
Uxin, a Chinese second-hand car dealer with Leonardo DiCaprio as its latest brand ambassador, is tipped to get a bag of new funding less than a year after it raised $225 million from its public offering on the Nasdaq. The company announced on Wednesday that it’s selling $230 million worth of convertible notes to 58.com —… Continue reading China’s used car marketplace Uxin to raise $230M via convertible notes
NIO Inc. (NIO) Q1 2019 Earnings Call Transcript
Logo of jester cap with thought bubble.More Image source: The Motley Fool. NIO Inc. (NYSE: NIO)Q1 2019 Earnings CallMay 28, 2019, 8:00 a.m. ET Contents: Prepared RemarksQuestions and AnswersCall Participants Prepared Remarks: Operator Hello, ladies and gentlemen. Thank you for standing by for NIO Inc.’s first quarter of 2019 earnings conference Call. [Operator instructions] Today’s conference call… Continue reading NIO Inc. (NIO) Q1 2019 Earnings Call Transcript
Edited Transcript of NIO.N earnings conference call or presentation 28-May-19 12:00pm GMT
Q1 2019 Nio Inc Earnings Call May 28, 2019 (Thomson StreetEvents) — Edited Transcript of Nio Inc earnings conference call or presentation Tuesday, May 28, 2019 at 12:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Bin Li NIO Inc. – Founder, Chairman & CEO * Jade Wei NIO Inc. – Senior Director… Continue reading Edited Transcript of NIO.N earnings conference call or presentation 28-May-19 12:00pm GMT
Faurecia Shareholders’ meeting : change in the composition of the Board of Directors and dividend of €1.25 per share – GlobeNewswire
Nanterre, 28 May 2019FAURECIA SHAREHOLDERS’ MEETINGCHANGE IN THE COMPOSITION OF THE BOARD OF DIRECTORSDIVIDEND OF €1.25 PER SHAREAll the resolutions were adopted at Faurecia’s Annual Shareholders’ Meeting held in Paris today under the chairmanship of Michel de Rosen.The shareholders approved the appointment for a four-year term of three new board members:Ms. Yan Mei, 63, a… Continue reading Faurecia Shareholders’ meeting : change in the composition of the Board of Directors and dividend of €1.25 per share – GlobeNewswire
NIO shifts electric vehicle plans as losses pile up
Chinese automotive startup Nio is tweaking its plans for future electric vehicles, a move prompted by sluggish sales of its ES8 model. Nio, which reported in its unaudited financial results Tuesday a loss of $390.9 million in the first quarter, is taking a number of measures in response to a slowdown in sales. Those changes… Continue reading NIO shifts electric vehicle plans as losses pile up
NIO postpones its electric sedan after rough first quarter
Chinese EV startup NIO has indefinitely delayed its upcoming electric sedan just six weeks after unveiling a concept version of the car at the Shanghai Auto Show. The news comes as the startup released unaudited financial results for the first quarter of 2019, which show NIO lost $390 million as deliveries of its ES8 electric… Continue reading NIO postpones its electric sedan after rough first quarter
NIO Inc. Reports Unaudited First Quarter 2019 Financial Results
Quarterly Total Revenues reached RMB1,631.2 million (US$243.1 million)Quarterly Deliveries of the ES8 reached 3,989 vehicles SHANGHAI, China, May 28, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2019. Operating Highlights… Continue reading NIO Inc. Reports Unaudited First Quarter 2019 Financial Results
India’s Ather Energy raises $51 million to grow its electric scooters business
There’s more money racing into India’s increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. The round was led by early backer Sachin Bansal, the co-founder of Flipkart, who invested $32 million. The rest of the money was provided by Hero MotoCorp, which added $19 million… Continue reading India’s Ather Energy raises $51 million to grow its electric scooters business