LI Sep 2024 48.000 call
- Investor's Business Daily
Nio Readies Its First Mass-Market EV After 'Taking Apart A Lot Of Tesla Vehicles'
Nio prepares to launch its first mass-market car on Wednesday as Chinese EV startups downshift prices in a hunt for growth. Nio stock jumped Monday, along with Zeekr and XPeng. The Onvo L60 SUV will be cheaper than the Tesla Model Y that it's challenging in the RMB 250,000 ($34,565) segment, Nio CEO William Li has said.
- Barrons.com
Biden Plans Heavier Tariffs on Chinese EVs. 3 Reasons the Stock Are Gaining.
Companies such as Xpeng, Li Auto, and NIO don’t sell cars in the U.S. and aren’t likely to soon. An existing 25% tariff is enough to wipe out any potential profits.
- Bloomberg
Chinese EV Maker Zeekr Heads for US Listing at Reduced Valuation
(Bloomberg) -- When Chinese electric-vehicle maker Zeekr lists in the US on Friday, it will be at a valuation of around $5.2 billion, less than half the $13 billion valuation announced following a funding round early last year.Most Read from BloombergBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVElon Musk Changes Tune on Tesla Superchargers After Mass FiringNovavax
