NIO Inc., a Chinese smart electric vehicle (EV) manufacturer, showed strong growth in its unaudited financial results for the third quarter ended Sept. 30.
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NIO delivered a total of 3,965 units in August, a year-on-year increase of 104.1%, setting a new monthly high.
Many Chinese concept shares (CCS) plummeted after Monday’s closing. New popular electric vehicle stocks Xpeng Motor plunged 10.05%, Li Auto fell 7.39%, but NIO bucked the trend and rose 2.86%.
NIO announced on Aug. 27 that it plans to offer additional 75 million ADSs and grant the underwriters a 30-day option to purchase an excess of 11.25 million ADSs, according to a press release.
Leading Chinese EV maker Xpeng Motors (stock code: XPEV) kicked off trading on the New York Stock Exchange on the evening of Aug. 27 (Beijing Time) with an opening price of $23.1, soaring 56% from the issue price of $15 per share.
On Aug. 25, UBS boosted the rating of NIO from "sell" to "neutral" and bumped its price target from $1.00 to $16.30.
Chinese EV manufacturer NIO released the BaaS battery rental scheme on Aug. 20, including features such as separation of the car and electricity, battery rental, recharging, exchanging and upgrades.
The GB/T "Electric Vehicle Battery Swap Safety Requirements" drafted by BJEV, NIO, and other units have all cleared scrutiny.
Jamie Carlson, the North America-based vice president of autonomous driving for NIO and former staff at Apple’s car project Titan, resigned in June and returned to Apple’s Special Projects Group.
The Nasdaq-listed leading domestic EV maker NIO Inc (NYSE: NIO) announced on Aug. 11 its unaudited financial results for the second quarter, which ended on June 30, before the close of the US stock.
Leading domestic electric vehicle manufacturing NIO and retail giant Suning signed a strategic cooperation agreement on Aug. 5.
Less than two weeks before announcing a $500 million series C+ round of financing, Xpeng Motors has once again raised $300 million in financing, Chinese tech media 36Kr reported, citing a source with knowledge of the matter.