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Key Takeaways: Nio Inc. has obtained a production license and is taking over manufacturing facilities from JAC, the partner that has been making its vehicles under contract for seven years Nio’s latest earnings report shows positive trends in revenues, vehicle deliveries, gross margin and vehicle margin By Kevin Guo
Li Auto (NASDAQ:LI – Get Free Report) and Arrival (NASDAQ:ARVL – Get Free Report) are both auto/tires/trucks companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, institutional ownership, earnings, analyst recommendations, risk, dividends and valuation. Insider & Institutional Ownership 9.2% of Li Auto shares […]
China Car Sales: Car sales totalled 2.1 million units last month, data from the China Passenger Car Association (CPCA) showed, while growth accelerated from October's 9.9% jump.
Also, Lamborghini introduces a four-day workweek for its production workers, and GM wants salaried employees back in the office.
While Nio didn’t spell out what drove its growth, the company likely benefited from higher sales of the updated ES6 SUV, which debuted in May, while the price cuts car...