Nio Inc is a pioneering electric vehicle (EV) manufacturer based in China, specializing in the design, manufacture, and sale of high-performance smart electric vehicles. The company is renowned for its innovative approach to automotive technology, incorporating advanced features such as artificial intelligence and autonomous driving capabilities into its vehicles. Nio also emphasizes a customer-centric experience, offering services such as battery-as-a-service, enabling users to swap out depleted batteries for fully charged ones at designated stations. Through its commitment to sustainability and innovation, Nio aims to redefine the future of mobility in the global auto industry. Read More
ZEKR reported Q2 results with a 0.9% decrease in revenue YoY but a 24.6% growth QoQ. Vehicle deliveries and margin increased, while net loss decreased.
The SUV’s launch has driven strong demand, making it one of the few Nio models in recent years to face a production shortfall despite advance preparation.
As the world moves towards cleaner energy, retired electric vehicle (EV) batteries are finding a new purpose. Utility companies and energy firms are now looking at these used batteries as a low-cost solution for large-scale energy storage. One company leading this change is B2U Storage Solutions, based in California.
Nvidia stock down as AMD and Super Micro disappoint, but still trading at a 3% discount to 52-week high. AMD beats revenue but misses earnings, Super Micro reports lower guidance. Chinese automakers ditching Nvidia chips.
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