The company said it will offer 136.8 million Class A ordinary shares at a price of HK$29.46. Hong Kong-listed shares of NIO closed 5% lower on Thursday at HK$32.55, which is still 10% higher than the offering price.
According to TheFly, Mizuho noted that Nio shares are fairly valued at current levels and added that the company’s guidance for deliveries in the first quarter is “weak” owing to seasonality and weaker than expected Onvo deliveries.
Citi reportedly expects Nio's Q1 vehicle margin to decline quarter-over-quarter due to seasonal weakness, sluggish demand for the Nio brand ahead of upgraded model launches in Q2, and lower-than-expected sales of Onvo.
The company reported a total revenue of RMB19.70 billion ($2.69 billion), which marked a 15.2% increase from the corresponding quarter of 2023 but fell below an analyst estimate of RMB20.19 billion, per FinChat data.
XPeng expects its total revenue for the first quarter of 2025 to be between RMB 15 billion and RMB 15.7 billion, marking a year-on-year jump of up to 140% on the back of strong delivery numbers.
The two companies will also pursue capital cooperation as part of the partnership signed in Ningde, Fujian province, with CATL investing up to RMB 2.5 billion (about $350 million) in Nio Power.
Gevo acquired Red Trail Energy's ethanol plant and carbon capture assets for $210 million, providing potential for sustainable aviation fuel production and projected annual EBITDA of $30-60 million.
White House freezes $3 trillion in federal funding, sparking legal and political showdown. Industries like education, healthcare, and clean energy at risk.
Trump's first day in office saw executive orders on immigration and energy, withdrawal from global agreements, and tariff threats. Market reactions varied.
EVgo reported 92% year-on-year sales growth to $67.5 million, beating estimates. Network throughput grew 111% and customer accounts reached 1.2 million. Adjusted gross profit and margin improved, while adjusted EBITDA loss and EPS beat estimates. The company revised its FY24 revenue guidance.
XPeng will showcase its latest technologies and solutions at Paris Motor Show 2024, highlighting its vision for AI-driven driving experiences in Europe.
Xpeng Aeroht, the flying car division of Xpeng, reportedly received over 1,000 pre-orders for its modular flying car, despite official pre-sales not having started yet.
ChargePoint shares surge as the company expands to over one million EV charging stations, facilitating over 10 billion electric miles, amidst rising demand in the EV market.
