Nio Inc is a pioneering electric vehicle (EV) manufacturer based in China, specializing in the design, manufacture, and sale of high-performance smart electric vehicles. The company is renowned for its innovative approach to automotive technology, incorporating advanced features such as artificial intelligence and autonomous driving capabilities into its vehicles. Nio also emphasizes a customer-centric experience, offering services such as battery-as-a-service, enabling users to swap out depleted batteries for fully charged ones at designated stations. Through its commitment to sustainability and innovation, Nio aims to redefine the future of mobility in the global auto industry. Read More
The SUV’s launch has driven strong demand, making it one of the few Nio models in recent years to face a production shortfall despite advance preparation.
As the world moves towards cleaner energy, retired electric vehicle (EV) batteries are finding a new purpose. Utility companies and energy firms are now looking at these used batteries as a low-cost solution for large-scale energy storage. One company leading this change is B2U Storage Solutions, based in California.
Nvidia stock down as AMD and Super Micro disappoint, but still trading at a 3% discount to 52-week high. AMD beats revenue but misses earnings, Super Micro reports lower guidance. Chinese automakers ditching Nvidia chips.
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Chinese EV makers XPeng, ZEEKR, Li Auto, and NIO saw stocks drop despite individual success. ZEEKR's combined brands delivered 44,193 cars, Li Auto reported 30,731 deliveries, and NIO delivered 21,017 vehicles. XPeng set a record with 36,717 deliveries in July.
Get a pulse on the US markets on Thursday by checking out the most active stocks in today's session. Discover the stocks that are leading the way in terms of trading volume and market activity.
Shares of Chinese electric vehicle manufacturer NIO are trading higher Thursday. The upward momentum appears to be driven by continued investor optimism ahead of a key product launch.
