What's Going On With Tesla's Chinese Rival NIO Stock Today?

Benzinga46minutes ago

Nio to Open Its 1st Nio House in UAE on Nov 28

CnEVPost03:40 ET

[Brokerage Focus] swhy maintains a 'Neutral' rating on NIO (09866), indicating that the gross margin for the initial sales ramp of the L60 model is relatively low.

Jingwu Financial News | swhy issued a research report indicating that NIO (09866) disclosed its Q3 2024 report, achieving total sales of 0.149 million vehicles in the first three quarters, +35.7% year-on-year; total revenue of 46.03 billion yuan, +19.5% year-on-year; gross margin of 9.1%, +4.5 percentage points year-on-year; net income attributable to the parent -15.53 billion yuan, a year-on-year reduction in loss of 0.03 billion yuan. In 24Q3, total sales reached 0.062 million vehicles, +11.6% year-on-year and +7.8% month-on-month; total revenue was 18.67 billion yuan, -2.1% year-on-year and +7.0% month-on-month; gross margin was 10.7%, +2.7 percentage points year-on-year and +1.0 percentage points month-on-month.

Golden Guardian Financial News03:22 ET

Onvo President Reiterates Confidence of Delivering Over 10,000 Units in Dec

CnEVPost00:24 ET

[Brokerage Focus] Citi points out that the retail sales of new energy autos in China are stable, and the growth rate of plug-in hybrids and extended-range electric vehicles will be higher than pure electric ones.

Jinwu Financial News | Citibank's research reports indicate that retail sales of new energy fund vehicles in china are expected to grow by +31%/-41%/+25% quarter-on-quarter in the fourth quarter of 2024/first quarter of 2025/second quarter of 2025, with a more robust year-on-year growth of 66%/34%/26%. The year-on-year changes for internal combustion engine autos are -4%/-39%/-42%. This is mainly due to 1) the shift in consumer behavior in china towards advanced driver-assistance systems (ADAS) and relatively inexpensive plug-in hybrid vehicles with lower operation costs compared to internal combustion engine autos.

Golden Guard Financial News00:23 ET

U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.

① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.

cls.cn17:42 ET