Will Easing Of Covid Rules Slash Risk For Chinese EV Maker NIO?

China-based electric vehicle maker NIO (NYSE: NIO) powered more than 19% higher Wednesday. Shares were trading at $12.51 with an hour left in the session. 

MarketBeat.com – MarketBeat

NIO, along with other Chinese EV manufacturers, rose in tandem with XPeng (NYSE: XPEV), which reported a third-quarter loss of $0.36, meeting views. Revenue  $959.2 million came in below analysts’ expectations. 

As always, investors look to the future, and there’s now optimism about these companies’ ability to increase production and introduce new models. XPeng’s forecast for deliveries in the current quarter was better than expected. 

In addition, the Chinese government may be softening its stance on Covid lockdowns

→ Continue reading at Entrepreneur

More from author

Related posts


Latest posts

Create cool venues in your outdoor space

Indoor-outdoor home plan options improve every aspect of livability in a new home. Whether for entertaining, quiet reading and relaxation, tea with a friend,...

NFL Week 13 picks: 49ers outduel Dolphins; Bills beat Bill’s Patriots

The California Air National Guard 129th Rescue Wing performs a fly over before the start of their NFL game at...

Binance still has big growth plans despite crypto market meltdown | CNN Business

New Delhi CNN Business  —  Binance is expanding into new markets even as the crypto industry grapples with turmoil...