Point72 increased its bet on NIO in the fourth quarter, re-bought Li Auto, but liquidated its position in XPeng.
The post Steve Cohen's Point72 triples position in NIO, clears XPeng in Q4 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
All of NIO's current ES8, ES6, EC6 inventory and show cars will be sold to one entity, followed by an all-out push for sales of models based on the NT 2.0 platform, according to local media.
Probably because of the heavy traffic in the area where the incident occurred, the female consumer mistook the accelerator pedal for the brake in a panic and caused the accident, local media quoted an NIO staff as saying.
During a consumer's test drive, the vehicle suddenly accelerated onto the sidewalk, leading to the tragedy, according to local media.
The ET5 shooting brake is being developed for European consumers and will debut in Europe in June or July, NIO's president previously said.
BYD and NIO's numbers were higher than the previous week, while Tesla's were lower than the previous week.