Cheche Group Inc. (NASDAQ:CCG) announced an expansion of its partnership with NIO Inc. (NYSE:NIO) to improve insurance services for NIO’s growing fleet of electric vehicles. The deal focuses on streamlining policy issuance, risk control and claims handling as the automaker scales its multi-brand portfolio. NIO delivered 31,305 vehicles in August, a 55.2% increase from a…
Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage giant rose nearly 6% after activist investor Elliott Management took a $4 billion stake in the company, touting a “rare” and “historic” opportunity for a turnaround at the iconic soft drink and snack company. The investment by Elliott,…
We recently published 10 Stocks with Surprising Gains. NIO Inc. (NYSE:NIO) is one of Tuesday’s top performers. NIO Inc. rallied for a second day on Tuesday, jumping 10.84 percent to close at $5.01 apiece as investors cheered the upcoming launch of a new vehicle next week. On July 31, NIO Inc. (NYSE:NIO) is slated to unveil…
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car startup Xpeng is keeping up the sales momentum against its rivals, even as BYD expands on its market dominance amid a fierce price war…