The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

What's Going On With Nio Stock Wednesday?

News Snapshot:

Nio Inc. (NYSE:NIO) shares edged higher Wednesday after the Chinese electric vehicle maker released its latest quarterly results.Investors evaluated strong revenue growth alongside guidance for future deliveries as the company continued expanding its premium EV lineup.DetailsOn Tuesday, the company reported quarterly revenue of 34.65 billion yuan ($4.95 billion), up 75.9% year over year and 59.0% sequentially. The figure exceeded the analyst consensus estimate of $4.61 billion.Excluding one-time items, adjusted earnings came in at 0.29 yuan (4 cents) per ADS. That result improved significantly from a loss of 3.17 yuan per ADS a year earlier and topped expectations for a 5-cent loss.The…

Other China Tech Buzz: