Tesla and Nio buck EV sales slump

By Jill Shen

The slump in sales for China’s EVs continued in March, but were still four times better than February. Tesla accounted for over 20% of the total market share, the country’s top industry body said on Thursday.

Why it matters: The latest sales figures…

Nio stocks rebound as Q1 deliveries beat forecasts

By Jill Shen

Nio stock moved 9% higher on Tuesday after the company announced stronger-than-expected delivery results for the first quarter alongside plans to hand over all-new ES8s, its seven-seater SUV later this month.

Why it matters: Nio’s first-quarter perf…

Nio is restructuring again in a quest for profits

By Jill Shen

Nio is losing the head of its electric power engineering division, the company confirmed on Wednesday, as it begins another round of consolidation and headcount trimming in an effort to live up to ambitious profitability goals laid out by its CEO last …