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...This article has been amended to make clear that Nio founder Li did not specifically refer to Elon Musk’s trip to China last month, as originally suggested...
...Rival BMW has begun trialling some automatons at one of its factories, as has Chinese start-up Nio, while Tesla has also said it will build robots for use in factories....
...While Nio, Great Wall Motor and others are all targeting the region and are expected to build factories in time, none has yet laid out plans to localise manufacturing....
...Nasdaq-listed Nio, which took over a factory in the eastern city of Chuzhou earlier this year to make cars for its budget sub-brand code-named Firefly, and Xpeng, which has a new factory in Wuhan, are both...
...Chinese electric vehicle start-up Nio suffered deepening losses in 2023, as the company struggles to reduce costs while keeping pace in the premium segment of the world’s largest auto market....
...JPMorgan cut Nio to “underweight” from “neutral” in a note on Friday, slashing its price target by 41 per cent to $5 per share....
...After the deal closes CYVN will own just over 20 per cent of Nio’s shares....
...He added that Nio had “not become profitable yet” and currently lost about $12,000 for every car it sells....
...Such was the demand to attend the Nio Day, tickets were available only through a lottery system....
...An article on steak in the FT Weekend Magazine on March 23 incorrectly stated that Antonio Mata and Oklahoma State University failed to gain a patent for the extraction of the “Vegas Strip” shoulder...
...Hong Kong-listed shares in EV companies Xpeng, Nio and Leapmotor jumped 7 per cent, 6 per cent and 5 per cent, respectively, more than the 2 per cent rise in the benchmark Hang Seng index....
...In Hefei, west of Shanghai, a factory owned by Nio demonstrates this challenge....
...Nio’s shares trade nearly 90 per cent below their 2021 peak. Nio has delivered 43,854 vehicles in the first five months of the year....
...Nasdaq-listed Nio fell more than 7 per cent on Tuesday....
...Shares in Xpeng, Nio and Li Auto were down 4.8 per cent, 1.9 per cent and 2.8 per cent, respectively....
...Hong Kong-listed Chinese electric-car maker Nio rose as much as 5.5 per cent in the wake of a $2.2bn investment from Abu Dhabi-based CYVN....
...William Li, founder and chief executive of Shanghai-headquartered EV group Nio, told the FT late last year that investors from outside China hold more than 80 per cent of the company’s shares....
...Had we not, the Nasdaq screen would’ve looked like this: Ignoring the oddities the world’s most shorted stock, both in absolute and relative terms is Nio....
...In January 2022, Zhang Yang, a former vice-president at rival Nio, was appointed as chief executive, replacing co-founder Gu Feng in a management shake-up to boost sales....
...Some of the largest names including Nio are lossmaking. Meanwhile, US export controls have reduced access to advanced chips, threatening to stunt development of AI technologies....
...The vast majority, including some of the largest such as Nio and Xpeng, remain lossmaking as price wars squeeze margins....
...Internet giants Tencent and Alibaba rose 1.8 per cent and 2.5 per cent, respectively, while EV start-ups XPeng and Nio gained 7.1 per cent and 6.7 per cent, respectively....
...Cost efficiency, Rosenfeld said, would become even more important in the coming years as Chinese electric vehicle markers such as BYD, Nio and Xpeng ramp up their push for market share in Europe....
...William Li, chief executive of Chinese electric vehicle maker Nio, did not make a reference to the red carpet treatment Elon Musk received from Chinese officials last month, as wrongly attributed to him...
...EV startups XPeng and Nio declined 0.70 per cent and 2.05 per cent, respectively....
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