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☆ Exclusive: EV maker Nio plans new 40 GWh battery plant in China- sources
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Nio's ES7 electric vehicle is displayed at the Chinese EV maker's showroom in Shanghai, China, February 3, 2023. REUTERS/Aly SongSHANGHAI, Feb 24 (Reuters) - Nio (9866.HK) plans to build its first battery plant to produce big cylindrical cells similar to those used by Tesla, two people familiar with the matter said, as the Chinese EV maker seeks to cut its reliance on suppliers like CATL (300750.SZ). It will be located next to its main manufacturing hub in Hefei city, in eastern China's Anhui province, they said. Reuters is reporting the details of Nio's plan for the first time. Reporting by Zhang Yan, Zhuzhu Cui and Brenda Goh; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.
☆ EV maker Nio to build 1,000 battery-swap stations in China in 2023
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Feb 21 (Reuters) - Chinese electric vehicle (EV) startup Nio Inc (9866.HK) plans to build 1,000 battery-swapping stations in China in 2023 to bring the total number of such facilities to 2,300 by year-end, its Founder and Chairman William Li said on Tuesday. The move marks an expansion of its plan in December of adding 400 such stations this year. Li found more of them are needed to improve user experience after his trips to northeastern China and lower-tier cities in Zhejiang, he added. Battery swapping allows drivers to replace depleted packs quickly with fully charged ones, rather than plugging the vehicle into a charging point. Nio is among the few EV makers that are betting on battery swapping as one of the major power solutions for electric cars.
☆ China's Nio to build factory for budget EVs - sources
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Feb 21 (Reuters) - Chinese electric vehicle (EV) maker Nio Inc (9866.HK) plans to build a factory in Chuzhou city in the eastern province of Anhui to produce budget EVs under a new brand, said three people with knowledge of the matter. Neither Nio nor the Chuzhou local government immediately responded to requests for comment. Nio's main brand, Nio, is positioned for the premium car segment to compete with brands such as BMW, Audi and Mercedes-Benz in China and Europe. More than a quarter of the new cars sold in January in China were either pure electric or plug-in hybrids, according to China Passenger Car Association. Reporting by Zhang Yan, Zhuzhu Cui and Brenda Goh; Editing by Christopher Cushing and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
☆ A 27-year-old real-estate investor who rehabbed 7 Austin properties last year is now targeting San Antonio, where homes can cost less than $100,000. Here are 3 reasons it's the next big investor hot s
  + stars: | 2023-02-18 | by ( Aj Latrace | ) www.businessinsider.com   time to read: +5 min
San Antonio. You can buy homes for relatively cheap"A lot of people have overlooked San Antonio," Crenshaw said. January data from Redfin pegs the median home price in San Antonio at $255,000, which is less than half of Austin's $530,000. San Antonio — the fastest-growing large city in the nation between 2020 and 2021, gaining nearly 14,000 people, per census data — remains attractive to newcomers. Relocators get affordability in San Antonio, Crenshaw said, without sacrificing exciting nightlife and other big-city attractions such as museums and professional sports teams like the NBA's Spurs.
☆ Goldman Sachs picks stocks to ride the EV wave, giving one upside of 120%
  + stars: | 2023-02-08 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +2 min
Goldman Sachs says the development of electric vehicles — and the companies involved in this — are set to see "considerable growth" through 2030. According to Goldman, this EV ecosystem includes auto manufacturers, battery makers, software developers, and companies involved in charging infrastructure and power semiconductors. "We think these companies should be able to tap [Inflation Reduction Act] opportunities as the battery market becomes more concentrated," Goldman wrote. Upside of 120% Goldman is also buy-rated Chinese EV maker Nio and gives it gives massive potential upside — among the highest of all of its stock picks in the report. "We see risk-reward for the stock as skewed to the upside," Goldman added.
☆ Want a Tesla alternative? Analysts and fund managers reveal their top EV stocks
  + stars: | 2023-01-16 | by ( Zavier Ong | ) www.cnbc.com   time to read: +3 min
Now, a precipitous plunge in its share price in 2022 puts its value well under $400 billion. At the end of last week, the EV maker cut prices in the U.S. and throughout Europe in what's being viewed as an effort to boost sales volumes. But there have also been some self-inflicted pains too: the long-running Twitter saga ; Musk's massive sale of Tesla shares ; and a capacity expansion in the face of slowing demand. Tesla alternatives For Deutsche Bank, Chinese EV maker Nio is the only pure-play name among its top automotive picks for 2023. Nio shares ended Friday at $11.81, down over 60% over the last year.
☆ NBA roundup: Bucks survive scare, finally solve Hawks
  + stars: | 2023-01-12 | by ( ) www.reuters.com   time to read: +6 min
Jaren Jackson Jr. (21 points, 12 rebounds) and Steven Adams (11 points, 18 rebounds) recorded double-doubles. Jakob Poeltl (17 points, 12 rebounds) added his ninth double-double of the season. Bojan Bogdanovic supplied 27 points, six rebounds and four assists, while Killian Hayes had 18 points and nine assists. Jaden Ivey contributed 18 points and eight assists and Hamidou Diallo also scored 18 points. Immanuel Quickley scored 11 points off the bench for the Knicks, who have won five of their last six games overall.
☆ Deutsche Bank's 'Fresh Money' portfolio beats the market. Here's what's in it
  + stars: | 2023-01-05 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
The financial services company should see 20% per-share earnings growth in both 2023 and 2024, according to Deutsche Bank. Deutsche Bank expects its ET5 mid-size sedan to become a top-selling model within six months as supply issues get worked out while demand remains strong. Deutsche's $21 price target implies Nio could rally 97.6% from where it closed Wednesday. The company should see a margin recovery in 2023 as headwinds related inflation and supply chain ease, Deutsche Bank said. Deutsche's price target of $266 implies the stock should gain a relatively modest 1.6% over the next 12 months.
☆ NBA roundup: Luka Doncic posts 51 in win over Spurs
  + stars: | 2023-01-01 | by ( ) www.reuters.com   time to read: +8 min
Keldon Johnson led the Spurs with 30 points, while Sochan added 20. Markkanen led the Jazz with 29 points and 14 rebounds, and Clarkson netted 22 points in Utah's fourth consecutive loss. Kevin Love added 20 points and nine rebounds for the Cavaliers, who survived a rough night from star Donovan Mitchell. Randle added 12 rebounds and six assists for the Knicks, who were without starters Jalen Brunson and RJ Barrett. LaMelo Ball's 23 points and 11 assists and Mason Plumlee's 22 points and 10 rebounds led the Hornets.
☆ Chinese EV maker Nio cuts delivery guidance for fourth quarter, citing Covid disruptions
  + stars: | 2022-12-27 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +1 min
Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Chinese electric vehicle maker Nio Inc. lowered its fourth quarter outlook for deliveries, citing supply chain disruptions stemming from Covid outbreaks. Nio now projects that it will deliver between 38,500 to 39,500 electric vehicles in the fourth quarter of 2022, down from its initial estimate of 43,000 to 48,000 vehicles, according to a press release on Tuesday. The company cited supply chain disruptions due to Covid outbreaks in major Chinese cities, which slowed down operations in December. Last week, Nio launched two new electric SUV models, the EC7 and the ES8.
☆ Nio's new electric car models probably won't be 'super earth-shattering,' analyst says
  + stars: | 2022-12-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNio's new electric car models probably won't be 'super earth-shattering,' analyst saysEdison Yu of Deutsche Bank Research discusses Nio's line-up of new electric car models.
☆ NBA roundup: Kyrie Irving returns, helps Nets top Grizzlies
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +7 min
Dillon Brooks led all scorers with 31 points but shot 13 of 30 as the Grizzlies saw their seven-game winning streak over Brooklyn halted. John Konchar added 16 while Steven Adams contributed 15 and 10 rebounds as the Grizzlies shot 43.4 percent. Bruce Brown scored 12 points and DeAndre Jordan had 17 rebounds for the short-handed Nuggets. Six Cavs scored at least 11 points with Lamar Stevens posting 11 and Evan Mobley recording a double-double of 15 and 10 rebounds. KJ Martin scored 12 points off the bench.
☆ Here are Thursday's biggest analyst calls: Apple, Robinhood, Netflix, Target, TJX, McDonald's & more
  + stars: | 2022-11-17 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Here are Thursday's biggest calls on Wall Street: Credit Suisse reiterates Apple as outperform Credit Suisse said its survey checks show iPhone Pro and Pro Max delivery delays. Deutsche Bank downgrades Target to hold from buy Deutsche downgraded Target after its earnings report on Wednesday and said it has "lower confidence." Piper Sandler upgrades Target to overweight from neutral Piper said Target is still "compelling" despite its latest quarterly report. " Bank of America reiterates Nvidia as buy Bank of America called Nvidia's third-quarter earnings results on Wednesday an "inflection" quarter. Bank of America reiterates Cisco as buy Bank of America said it's standing by Cisco after its earnings report on Wednesday.
☆ NBA roundup: Bucks, minus Giannis, top Thunder in 2 OTs
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +9 min
Tre Mann added 21 points off the bench. Jaylen Brown scored 30 points, reserve Sam Hauser had 24 on six 3-pointers and Al Horford added 13 for Boston. Anunoby added 27 points, 10 rebounds and three steals for the Raptors, who played without forward Pascal Siakam (groin). Bennedict Mathruin scored 30 points, Tyrese Haliburton had 21 points and 11 assists for the Pacers, who had won four of their previous five games. All five Hornets starters reached double figures in points, led by Terry Rozier with 18 in the team's sixth consecutive loss.
☆ Nio reports strong third-quarter revenue as it gears up for a big year-end production push
  + stars: | 2022-11-10 | by ( John Rosevear | ) www.cnbc.com   time to read: +2 min
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Adjusted loss per share: 30 cents, versus 6 cents per share in the year-ago period. 30 cents, versus 6 cents per share in the year-ago period. With the ET5 now available, Nio is working to increase production and shorten customer waiting times, Li said. Nio said that investors should expect it to deliver 43,000 and 48,000 vehicles in the fourth quarter, generating total revenue between RMB17,368 million ($2.4 billion) and RMB19,225 million ($2.7 billion).
☆ China's Nio resumes production at its two Hefei factories
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +1 min
[1/4] A Nio ES8 electric SUV changing its battery is seen inside a power station at a JAC Motors-NIO plant in Hefei, Anhui province, China December 14, 2018. REUTERS/Yilei SunBEIJING, Nov 3 (Reuters) - Chinese electric vehicle maker Nio (9866.HK) said on Thursday it has resumed production at its two factories in the eastern city of Hefei, after COVID-19 curbs disrupted operations and delayed deliveries. "Production is resumed at the moment," said a company representative, declining to say whether it was a full or partial resumption. Nio said on Wednesday it had suspended production because of COVID curbs, leading to delays in deliveries when sales are booming, triggering a steep drop in its shares. Nio sold 10,059 cars last month, nearly three times its sales from October 2021, after introducing new models such as ET5.
☆ Xpeng electric car deliveries drop in October to half of Nio's
  + stars: | 2022-11-02 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
Xpeng said deliveries of its newly launched G9 SUV surged in October from September, despite a drop in the brand's overall monthly deliveries. BEIJING — Chinese electric car startup Xpeng delivered about half the number of cars that rivals Nio and Li Auto did in October, according to company statements Tuesday. While the two other startups reported monthly deliveries of more than 10,000 each, Xpeng said it delivered just 5,101 cars — a third-straight month of decline. Deliveries of Xpeng's best-selling model, the P7 sedan, halved from September to October, with just over 2,100 units delivered last month. The company's newly launched G9 SUV saw deliveries surge from 184 units in September to 623 units in October.
☆ On Día de los Muertos, communities honor and remember the Uvalde school shooting children and teachers
  + stars: | 2022-11-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Edwin-Head-Shot-Copy.Jpg | Edwin Flores | ) www.nbcnews.com   time to read: +5 min
Maite was one of the 19 children who were killed, along with two teachers, in the Robb Elementary School shooting in Uvalde, Texas, in May. This year, the faces of the 19 children who died in Uvalde were at the top of altars throughout the country. In the corner, next to two desks and a chalkboard, is a pecan tree, which represents Robb Elementary School. In Houston, the nonprofit arts and culture group Multicultural Education and Counseling Through the Arts (MECA) honored the 21 Uvalde victims, including murals with the children's names. The Marcha de los Niños, or March of the Children, will take place in several cities in a special tribute to the Uvalde victims.
☆ Nio, BYD and other Chinese EV stocks fall sharply amid selloff
  + stars: | 2022-10-24 | by ( John Rosevear | ) www.cnbc.com   time to read: +1 min
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. U.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic selloff on Monday, as investors soured on non-state-run Chinese companies following a weekend of dramatic political developments in China. Other prominent Chinese companies including Alibaba and Tencent Music Entertainment suffered similarly dramatic declines. Under Xi's leadership, China's government has increased restrictions on speech and movement and tightened regulations on technology companies. Analysts see further restrictions ahead, with Bernstein's Mark Schilsky writing in a Monday morning note that Chinese stocks are now "uninvestable."
☆ Betting on flexibility, China's Nio will only rent cars in new EU markets
  + stars: | 2022-10-07 | by ( Victoria Waldersee | ) www.reuters.com   time to read: +4 min
Chinese Nio electric car is seen at Nio's first European plant and power swap station in Biatorbagy, Hungary, September 16, 2022. Prices range from around 50,000-70,000 euros ($49,000-$69,000), depending on the car's range and whether customers buy or rent the battery. Nio will stick to direct sales in existing markets in part due to less attractive taxation on subscription models in Norway and restrictions around licence plates in China, Li said. "The advantage of our business separating the car from the battery is that we may reach economies of scale for the batteries faster than the cars," Li said. "In the long-run we believe any top company in the automotive industry will soon have in-house battery production," Li said.
☆ Google and Warner execs invested in this adtech startup's $15 million funding round. Here's the exclusive 12-slide pitch deck they used to raise.
  + stars: | 2022-09-29 | by ( Morgan Chittum | ) www.businessinsider.com   time to read: +2 min
Lunio, an adtech startup, announced a $15 million funding round on Thursday. Check out the 12-slide pitch deck the company used to raise in this Insider exclusive. An adtech startup, dubbed Lunio, announced a $15 million Series A funding round on Thursday. Apart from Google and Warner execs, other investors in the Series A raise include venture capital fund Smedvig Capital Partner. Check out the 12-slide pitch deck the company used to raise in this Insider exclusive.
☆ Xpeng breaks out of a lower price range with its most expensive car to date
  + stars: | 2022-09-22 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +2 min
Qilai Shen | Bloomberg | Getty ImagesBEIJING — Chinese electric car start-up Xpeng has released its most expensive car to date, marking the company's foray into a higher price range. On Wednesday night, Xpeng announced its newest car, the G9 SUV, will be priced from 309,900 yuan ($44,270) to 469,000 yuan. The price range makes Xpeng's latest car generally cheaper than new SUV offerings this fall from Nio and Li Auto. Nio's ES7 sells for 468,000 yuan to 548,000 yuan, while Li Auto's Li 9 lists a price of 459,800 yuan. BYD, the dominant local leader in China's electric car market, sells in an even lower price range.
☆ China's Nio takes on BMW, Mercedes in home market with flexible battery plan
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +4 min
Nio’s battery swap stations also promise to send drivers out with a new, fully-charged battery in just a few minutes, faster than current charging alternatives. In China, Nio set up a company with partners including battery giant CATL to buy the battery packs for leasing and then collect subscription fees from Nio users. Over the past year, Nio has been experimenting with battery leasing and swapping in Norway for its ES8, an electric-drive SUV. The company has sold 800 of the SUVs and installed two swapping stations in Norway, executives said. Nearly all the buyers in Norway and more than half in China have opted for battery leasing, said Shen Fei, Nio's vice-president for power management.
☆ Meet Matt Krause, the man who critics say helped make Texas a national leader in book bans
  + stars: | 2022-09-18 | by ( Hannah Getahun | ) www.businessinsider.com   time to read: +11 min
Texas now has the highest number of book bans in the US. Texas is now a leader in book bans, and one influential politician — along with pressure from the GOP — may have been the driving force, a Houston Chronicle investigation found. By April 2022, a PEN America analysis found that Texas had 713 bans, nearly half of all book bans in the US. Some politicians and parent groups disagreed with the inquiryKrause denies any political motivations behind the book list, but critics disagree. For Foote, the book bans represent GOP political motivations, citing school board officials and lawmakers who have begun their own book challenges.
☆ Lawyers Open up About Depression and Suicide, Saying It's Key to Saving Others
  + stars: | 2022-08-30 | by ( Casey Sullivan | Sindhu Sundar | ) www.businessinsider.com   time to read: +15 min
His doctor had prescribed him antidepressants, but he was starting to realize that his mental health issues needed additional care. They said that doing so could alleviate the struggles of others, and that it's important for law firm attorneys to understand they aren't alone. He also co-founded the Lawyers Depression Project, a support network of some 900 legal professionals around the world, an endeavor he has found meaningful. "I didn't feel like I could keep surviving in an environment that played into the worst aspects of my own mental health," Alexander said. For lawyer-specific inquiries, you can find confidential, live assistance through Lawyer Assistance Programs offered through your state bar, as well as through the Lawyers Depression Project.
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