China’s Nio
2021 Auto News China Auto China car company News

China’s Nio Misses Profit Forecast Even as EV Sales Grow

Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government cash injection saved the company from bankruptcy. Credit: bloomberg.com The net loss amounted to 1.39 billion yuan ($203.6 million), compared with 2.86 billion yuan a year earlier, the New York-listed company said in a statement on Monday […]

2020 Auto News Auto Sales China car company USA automobiles

Xpeng Motors Files For IPO On NYSE

Another Chinese EV startup files for US.. listing. Upstart Chinese electric vehicle maker, Xpeng Motors has officially filed for its initial public offering (IPO) on the New York Stock Exchange. The move wasn’t a surprise and had been anticipated for some time now. The announcement makes XPeng the third electric vehicle manufacturer out of China to list its shares […]