Previous close | 1.3900 |
Open | 1.3900 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 44.00 |
Expiry date | 2024-10-18 |
Day's range | 1.3900 - 1.3900 |
Contract range | N/A |
Volume | |
Open interest | 701 |
Nio prepares to launch its first mass-market car on Wednesday as Chinese EV startups downshift prices in a hunt for growth. Nio stock jumped Monday, along with Zeekr and XPeng. The Onvo L60 SUV will be cheaper than the Tesla Model Y that it's challenging in the RMB 250,000 ($34,565) segment, Nio CEO William Li has said.
Companies such as Xpeng, Li Auto, and NIO don’t sell cars in the U.S. and aren’t likely to soon. An existing 25% tariff is enough to wipe out any potential profits.
(Bloomberg) -- When Chinese electric-vehicle maker Zeekr lists in the US on Friday, it will be at a valuation of around $5.2 billion, less than half the $13 billion valuation announced following a funding round early last year.Most Read from BloombergBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVElon Musk Changes Tune on Tesla Superchargers After Mass FiringNovavax