BRIEF: Nio’s quarterly loss widens as deliveries grow
Electric vehicle (EV) maker Nio Inc. (9866.HK, NIO.US) said on Wednesday its deliveries rose 11.6% year-on-year in the third quarter to 61,855 units, a new high for the company. But…
BRIEF: Nio falls further behind annual sales target with slowing growth
Electric vehicle maker Nio Inc. (9866.HK, NIO.US,) announced it delivered 21,181 vehicles in September, up 35.4% year-on-year, bringing its third-quarter sales to a quarterly high of 61,855 vehicles, up 11.6%.…
Uxin finds new friend on difficult road to profitability
The used car superstore operator will receive $15 million in new funding from shared ride company Dida, equal to more than four times its cash reserves at the end of…
Dida wins ride-sharing race to market, but could stay stuck in first gear
The company’s Hong Kong listing application was finally approved on its fifth attempt, paving the way for its IPO Key Takeaways: Dida has been approved to list in Hong Kong,…
After zipping on to Wall Street, Zeekr faces long road ahead
The electric vehicle maker that listed in New York last month said its losses continued to narrow in the first quarter Key Takeaways: Zeekr’s first-quarter revenue from auto sales rose…
Nio in diversification drive as it tries to stem its flood of red ink
With more losses piling up in this year’s first quarter, the high-end EV maker is betting on two new brands targeting the middle and lower parts of the market Key…
Li Auto charges ahead in fourth quarter as slowdown looms
The NEV maker’s revenue from vehicle sales rose 134% in the fourth quarter, but it forecast its overall revenue growth would slow to about 70% in the first quarter of…
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