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Nio Earnings: EV Outlook Key As Tesla China Rival Ramps Up Models, Markets

September 7, 2022
Source: bestinyou.org bestinyou.org
News Snapshot:
Nio stock fell further below key levels Tuesday with Nine (NIO) earnings for the second quarter due early Wednesday. X Nio’s EV deliveries rose 14%, year over year, in Q2. But they slowed in July and August vs. June, so outlook will be key. The once red-hot Chinese EV startup has seen headwinds mount. Those headwinds include new export curbs on Nvidia (NVDA), a Nio chip supplier. It also includes fierce new competition and fresh Covid-19 lockdowns in China. Investors will be keen to learn how Nio is managing through persistent supply challenges while pursuing ambitious growth strategies. The emerging...
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Tags: auto | bid | China | Chinese | chip | Covid-19 | delivery | electric vehicle | Europe | EV | export | Exports | Giant | IT | LINE | loss | luxury | Norway | revenue | shipping | stock market | stocks | supplier | Tesla | Xpeng

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