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Nio Makes Organizational Changes Involving Onvo Sub-brand
Nio has renamed its units previously known as "Strategic New Businesses," and has created 16 regional companies for the Onvo unit. The post Nio makes organizational changes involving Onvo sub-brand appeared first on CnEVPost. For more articles, please visit CnEVPost.
Express News | Xpeng Rises 1%, Li Auto Jumps 5.4%, NIO Climbs 3%
Express News | U.S.-Listed Shares of Chinese EV Firms Rise Premarket After Strong Sales Data in May
Zhenyu Technology Lands 2.2 Billion Yuan NIO Parts Order
Chinese mold and structural part supplier Zhenyu Technology (SHE:300953) received a 2.2 billion yuan parts order from NEV maker NIO (HKG:9866, SGX:NIO) according to a Friday filing on the Shenzhen Exc
[Broker Focus] CMB International indicates that competition in the domestic automobile market is heating up, and the industry cycle is at the bottom of the consensus industry cycle time may be longer than expected
Jinwu Financial News | CMB International said the bank shared its latest views on the automotive industry and major companies with some institutional investors in Shanghai. Investors generally lacked confidence in automobile demand in the second half of the year, paid more attention to the fundamentals of several leading companies, and placed higher demands on performance certainty. Even for leading car companies, investors are unwilling to give higher valuation multiples. Compared to long-term funds, hedge funds are more interested in the automotive sector. Investors pay more attention to new forces than traditional car companies, and their expectations for Tier-1 parts and dealers are also more rational. The bank mentioned that competition in the domestic market has become heated
[Broker Focus] CITIC Securities says supply and demand for new energy vehicles continues to improve, and annual sales are expected to increase 25% year-on-year
Jinwu Financial News | CITIC Securities said supply and demand for new energy vehicles continued to improve. Looking ahead to the second half of 2024, it is expected that the penetration rate of new energy vehicles will continue to increase under the impetus of model cycles and price cuts. At the same time, demand for installed energy storage is expected to grow rapidly, driven by falling battery costs and rising operating economy. Stimulated by the decline in technology and model price reduction cycles represented by 800V, according to China Automobile Association data, domestic sales in the first quarter of 2024 reached 2,089,000 units, +31.8% year-on-year, with a strong growth rate. The bank expects annual sales of 12.32 million vehicles, +29.8% year-on-year. The monthly penetration rate is expected during the year
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