New short positions in Chinese ADRs so far this month were the highest monthly short-selling flows in 2023, with Nio being the most shorted, Morgan Stanley said.
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Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.
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Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.
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As of today, Li Auto's cumulative deliveries so far this month stand at 34,501 units.
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Model Y production at Giga Shanghai is using one-piece die casting for the rear structure, allowing the component to cost up to 40 percent less.
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Local media outlet 36kr has published an excellent story today that sheds light on why Nio is periodically in trouble and how it defuses its challenges.
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The vehicles -- the Xpeng G9 and P7 -- will officially enter the Israeli market in October through one of the country's largest dealerships, Freesbe.
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From September 1 to September 24, Nio was at 13,900 units, Xpeng at 10,400 units and Li Auto at 29,200 units.
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Nio is considering raising about $3 billion and has approached investors from the Middle East, Bloomberg said earlier today, citing people familiar with the matter.
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Nio is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.
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