NIO Inc. (NIO)
Pre-market:
| Previous close | 3.8100 |
| Open | 3.8650 |
| Bid | 0.0000 x 40700 |
| Ask | 3.9200 x 40700 |
| Day's range | 3.8400 - 3.9600 |
| 52-week range | 3.7100 - 16.1800 |
| Volume | |
| Avg. volume | 55,565,864 |
| Market cap | 8.16B |
| Beta (5Y monthly) | 1.95 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.7200 |
| Earnings date | 07 Jun 2024 - 11 Jun 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Reuters
Chinese automaker FAW's auto finance unit launches loan with no down payment
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.
- Yahoo Finance Video
Why you can't find China's cheap EVs in the US
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.
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