Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

IPO market boost from Circle 500% surge, VCs say drought may be ending

July 3, 2025

Pakistan’s participation in hockey tournaments hosted by India undecided: PSB – Pakistan

July 3, 2025

How tariffs affect retail, Nike

July 3, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » China’s Nio stock soars 20% as EV shipments more than double in April
China

China’s Nio stock soars 20% as EV shipments more than double in April

i2wtcBy i2wtcMay 2, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Nio’s ET5 will be exhibited at the Central International Auto Show to be held in Wuhan, China on May 25, 2023.

Getty Images | Getty Images News | Getty Images

Shares in Chinese electric car maker Nio rose 20% on Thursday after vehicle deliveries more than doubled in April.

The company’s Hong Kong-listed shares rose as much as 23% to HK$44.20, the highest in more than six weeks. Nio stock also contributed to the overall lift in the Hang Seng Index, which rose 2% by midday trading.

According to Nio, the number of vehicles delivered in April was 15,620, an increase of 134.6% from the previous year.

“We delivered 8,817 premium smart electric SUVs and 6,803 premium smart electric sedans,” the company said in a statement Wednesday.

Nio has delivered 45,673 vehicles so far this year, an increase of 21.2% year over year.

Chinese EV makers are also expanding battery swap partnerships as they seek to gain an infrastructure advantage in the EV ecosystem. Initiatives like this are aimed at allaying consumer concerns about driving ranges.

Other Chinese EV makers, including Li Auto, Xiaopeng and BYD, also reported April deliveries on Wednesday, but Li Auto was the only one to report fewer deliveries than the previous month.

Li Auto delivered 25,787 vehicles in April, down 11% from March. The company’s Hong Kong-listed shares remained up 3%.

Xpeng announced that it delivered 9,393 EVs in April, an increase of 4% month-on-month. BYD’s EV sales in April were 313,245 units, an increase of 3.6% from March’s 302,459 units.

Xpeng’s Hong Kong-listed shares rose 7.5%, while BYD’s shares rose 5%%.

Chinese smartphone maker Xiaomi recently joined the fray, launching an electric car in early April. The company priced the SU7 about $4,000 less than Tesla’s Model 3. The company also claimed that the new car’s range will be increased.

Just last week, CEO Lei Jun said the company’s new EVs are selling better than expected and that the company is turning a profit faster than expected, even though it sells for less than Tesla’s Model 3. He said he wanted to.

— CNBC’s Evelyn Cheng contributed to this article.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

China

China successfully launches new test satellite-Xinhua

July 3, 2025
China

Naval fleet led by Shandong aircraft carrier starts Hong Kong visit-Xinhua

July 3, 2025
China

“Lights out” ceremony held for two survivors of Nanjing Massare -Xinhua

July 3, 2025
China

Naval fleet led by aircraft carrier Shandong arrives in Hong Kong-Xinhua

July 3, 2025
China

How China’s Hefei incubates future industries from frontier science-Xinhua

July 3, 2025
China

Chinese investment empowers Indonesia’s EV supply chain-Xinhua

July 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

IPO market boost from Circle 500% surge, VCs say drought may be ending

July 3, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

IPO market boost from Circle 500% surge, VCs say drought may be ending

July 3, 2025

Pakistan’s participation in hockey tournaments hosted by India undecided: PSB – Pakistan

July 3, 2025

How tariffs affect retail, Nike

July 3, 2025
Most Popular

‘Fooled’: Chinese doping scandal disrupts swimming

April 21, 2024

Apple eyes Southeast Asia and India as hedge against China issue

April 24, 2024

Philippines denies doing business with China over disputed South China Sea shoals

April 27, 2024
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.