Straits Times Index
3,318.45 +1.89 (+0.06%) S&P 500
5,304.72 +36.88 (+0.70%) Dow
39,069.59 +4.29 (+0.01%) Nasdaq
16,920.79 +184.79 (+1.10%) Bitcoin USD
69,349.99 +861.22 (+1.26%) CMC Crypto 200
1,493.90 +9.70 (+0.65%)
BYD Company Limited (1211.HK)
- Benzinga
What's Going On With EV Maker Nio Stock Thursday?
Nio Inc (NYSE:NIO) stock was trading higher Thursday amid reports that the EV maker is launching its first vehicle under the Onvo brand, marked at a discount versus Tesla Inc (NASDAQ:TSLA). It has reversed the gains since then. Nio’s L60 SUV will be priced around $4,000 less than Tesla’s Model Y. Nio plans to deliver the L60 in September. Nio’s CEO, William Li, mentioned in a CNBC interview that he anticipates Onvo will eventually sell its cars internationally. Also Read: Tesla’s Chinese Rival N
- Business Wire
BYD Launches Its First Pickup Truck BYD SHARK in Mexico
MEXICO CITY, May 16, 2024--On May 14, BYD launches its first pickup truck, BYD SHARK, in Mexico. Positioned as a new energy intelligent luxury pickup, BYD SHARK features the DMO Super Hybrid Off-road Platform, representing the latest addition to BYD's product portfolio. This model, developed for the global market, marks BYD's first global product launch outside of China, promising to redefine the global plug-in hybrid pickup market with advanced technology and diverse user-centric features.
- WSJ
Inside China's EV Takeover
Chinese car makers are ramping up electric-vehicle production, posing a challenge to U.S. automakers. WSJ’s Yoko Kubota traveled to the city of Hangzhou to see the impact of China’s EV boom. Photo: The Wall Street Journal
