Onvo president said L80 orders are slightly better compared to the L90’s performance during the same period last year. The new model, with a starting price lower than the L90, is seen as key for Nio Inc to counter industry headwinds and boost delivery growth. (Onvo L80. Image credit: Onvo) Shares of Nio Inc surged…
Nio shares in Hong Kong touch their highest level since November 2025, outperforming local rivals Xpeng and Li Auto. Nio will announce the pre-sales price and technical details of its largest SUV on Thursday evening. (Nio ES9. Image credit: Nio) Shares of Nio Inc climbed to a five-month high in Hong Kong trading as the…
China’s enviable electric vehicles have made American automakers extremely nervous in recent times. But if you’re assuming that Chinese automakers are simply cruising at home, with generous subsidies and cutting-edge battery tech, you’d be mistaken. EV sales in China are starting to flatline and even BYD, the country’s dominant player in the space, is feeling…
Chinese makers of smart electric vehicles (EV) will have to redouble their efforts over the next few quarters to stay on track to break even as the brutal discount war in the world’s largest vehicle market shows few signs of abating. From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller losses…
Hong Kong stocks rose on Wednesday on renewed optimism about China’s tech industry prospects, while investors awaited global AI chip leader Nvidia’s earnings. The Hang Seng Index gained about 0.1 per cent to 25,541.43 at noon, rebounding from a 1.2 per cent loss in the previous session. The Hang Seng Tech Index climbed 0.6 per…
This article first appeared on GuruFocus. Nio (NIO, Financials) surged Thursday after unveiling one of its most affordable electric SUVs, part of its strategy to stay competitive in China’s crowded EV market. The new ES8, announced late Thursday, is priced at 308,800 yuan ($43,000) under a battery subscription plan, allowing users to swap or upgrade…
The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter, marking a decisive retreat from the market as geopolitical tensions and shifting investor sentiment clouded the outlook for the world’s second-largest economy. The fund exited positions in 16 Chinese stocks, which were worth US$1.41 billion…
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. How China’s ‘big winner’ BYD conquered Sri Lanka’s car market Aggressive pricing, shrewd tax engineering and a…
Electric-vehicle (EV) makers from Tesla to Nio are shifting their focus from price cuts to developing spacious family friendly, long-range vehicles for the mainland Chinese market. The premium SUV segment has emerged as the new battlefront, as carmakers heed Beijing’s call to end a brutal price war and chase affluent consumers to improve their bottom…
Yum China, the company behind chains such as KFC and Pizza Hut, introduced an artificial intelligence (AI) agent for store managers on Friday, aligning with the restaurant industry’s broader push towards AI adoption to enhance efficiency. The assistant, named Q-Smart, was an AI-powered management system that enabled natural language interactions with store managers through wireless…