Nio shares fall after Q2 earnings on battery swap doubts

By Jill Shen

Shares for Chinese electric vehicle maker Nio fell 8.6% on Tuesday after the company posted better-than-expected gross profits for the second quarter amid concerns over the long-term scalability of its ambitious battery-swap program.

These second-qu…

Quarterly deliveries for EV maker Nio hits record high

By Jill Shen

Chinese electric vehicle maker Nio set a record for quarterly vehicle deliveries despite disruptions due to the Covid-19 outbreak, sending its shares soaring 16.6% to $9.23 in premarket trading.

Why it matters: Amid an extended slump in China’s EV …

Nio boosts its registered capital to RMB 3.85 billion

By Jill Shen

Registered capital for electric vehicle maker Nio swelled to RMB 3.85 billion (around $540 million) from a mere RMB 11 million on Tuesday, in a sign that the company’s fortunes are finally turning around after a bailout deal in April worth RMB 7 billio…