NIO reports lower-than-expected first-quarter results and expects second-quarter deliveries in the range of 54,000-56,000 vehicles, implying a rise of 129.6-138.1% year over year.
Tesla, BYD, NIO and XPeng are part of the Zacks top Analyst Blog.
China gives the green light to nine domestic automakers for AV testing, marking a significant milestone in the global race toward self-driving technology.