|Bid||3.3000 x 1000|
|Ask||3.3100 x 1400|
|Day's range||3.2600 - 3.4500|
|52-week range||2.3500 - 13.8000|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
This morning, US index futures surged after Federal Reserve Chair Jerome Powell’s testimony raised the possibility of a near-term cut in interest rates.
Later this week, President Trump is scheduled to meet President Xi Jinping on the sidelines of the G20 summit at Osaka, Japan. However, auto investors don’t seem to be very excited.
Last month, US President Donald Trump increased tariffs on $200 billion worth of goods from China, accusing China of reneging on its previous commitments. President Trump sees China—and other trading partners, for that matter—ripping the US apart in terms of trade.
With the help of huge subsidies and favorable policies, the Chinese government seems to be determined to keep the electric vehicle revolution in the country alive.
On June 20, NIO (NIO) is trading on a bullish note for the fourth consecutive session. At 11:00 AM ET, NIO stock has risen 8.1% at $2.96. Earlier on June 20, the stock rose above the psychological level of $3.00.
HONG KONG/BEIJING, June 19 (Reuters) - Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups. "There are too many uncertainties from when a company tells a story in the early stage, to when it produces a sample car and raises funds, to the eventual mass production," said Wei, managing director at Shanghai-based Sailing Capital.
Car sales in China, the world’s biggest automotive market, fell year-over-year in 2018 for the first time in more than two decades. Automotive sales have contracted in China for 11 consecutive months now. The slowdown only seems to be deepening, and last month, China’s car sales fell a whopping 16.4%.
The Chinese electric-car maker's recent results, a joint venture many are calling a government bailout, and cuts to its international presence have sent investors to the sidelines.
Warburg Pincus LLC is nearing the final close of an at least $4.25 billion private equity fund focusing on Chinese and Southeast Asian investments, people with direct knowledge of the matter told Reuters. The final amount available for investment could exceed $4.3 billion with additional capital from Warburg Pincus itself, the people said, declining to be named as they were not authorised to speak to the media. Warburg Pincus is expected to formally announce the closing of the fundraising as early as this month, the people said.
With a 54% sales drop during the first quarter, a growing Tesla presence in China, and a soft second-quarter sales outlook, some investors are pressing the sell button.
Wall Street Expects NIO to Outperform TSLA, TCEHY, BIDU, and BABA(Continued from Prior Part)Analysts’ ratings on NIOAccording to the latest consensus data compiled by Thomson Reuters, six out of a total of 12 analysts covering NIO (NIO)