The 2024 presidential election is shaping up to be just as exciting and contentious the 2020 contest. That’s because it looks to be a rematch between President Biden and former President Trump. There’s a wildcard thrown in this time with Robert Kennedy Jr. running an independent campaign that could pull voters from both sides. The stock market went on a rollercoaster ride four years ago. A decade-long bull market was brought up short by the pandemic. The S&P 500 lost one-third of its value in a ..read more

Electric vehicle (EV) stocks fell sharply last year as fully electric and plug-in hybrid electric vehicle (PHEV) sales increased 31% globally in 2023 after growing by 60% in 2022. But this year, demand is expected to rebound, with EV sales volume expected to reach $623 billion in 2024. Most of this new demand will come from China, so it is no surprise that we are profiling three Chinese EV plays. First, we will look at the first Chinese EV startup to turn a profit. Then, we will look at an erstw ..read more

“Down but not out” may be a great way to describe Nio (NYSE:NIO) stock, down more than 50% on the year. Since the height of its popularity in 2021, shares have fallen by nearly 93%. Headwinds have affected the company’s performance, leading to poor results. While Nio’s management may still be pursuing something it believes will help overcome persistent issues, we are not so optimistic. Even if the company isn’t at the end of the road, expect more declines ahead for shares. Nio Stock: Tough Times ..read more

Zacks.com users have recently been watching NIO (NIO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects ..read more

NIO ( NYSE:NIO ) Full Year 2023 Results Key Financial Results Revenue: CN¥55.6b (up 13% from FY 2022). Net loss ..read more

(Bloomberg) -- Xiaomi Corp.’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down auto startups.Most Read from BloombergBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROIChina Tells Iran Cooperation Will Last After Attack on IsraelS&P 500 Futures Steady After Selloff Rattles Globe: Markets WrapIran’s Attack on Israel Sparks Race to Avert a Full-Blown WarMicrosoft Invests $1.5 Billion in UAE’s G42 in Pivot From ChinaH ..read more

Nio is growing revenue, but losses on the bottom line are mounting ..read more

Chinese automakers like BYD (BYDDY) and XPeng (XPEV) make electric vehicles that are far cheaper than the ones made in the USA. But they're hard to find in the US and, if politicians and domestic automakers (F, GM, TSLA) have their way, that's how it's going to stay. Yahoo Finance's Pras Subramanian and Rick Newman explain why in the video above. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich ..read more

The auto finance arm of China's state-owned automaker FAW Group has launched a loan programme with no down payment, becoming one of the first providers to make such a move since the removal of government-set minimum payments. The move is intended to "maximally relieve customers' car purchase pressure", FAW said in a statement on Wednesday. FAW Auto Finance is one of 25 auto finance firms operating in the world's largest auto market, where slowing demand and a price war have vexed both authorities and carmakers ..read more

Nio investors may be waiting for the EV maker's mass-market offering coming next month ..read more