AI stocks struggle as a flare-up in oil prices leads to investors ditching risk assets.
Chinese electric vehicle maker NIO said on Monday it had signed a deal with Zhejiang Geely Holding Group on their battery-swapping and charging businesses, in a bid to jointly expand and improve their charging networks.
SHANGHAI, Sept. 27, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced the entry into definitive agreements with certain subsidiaries of Zhejiang Geely Holding Group Co., Ltd. (“Geely Holding Group”) in connection with a strategic transaction in battery swappin...
Amsterdam – HERE Technologies, the world's leading mapping and location data company, and NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a leading company in the global smart electric vehicle market, today announced an expanded collaboration to advance intelligent navigation and future AI-driven driving experiences across Europe.
NIO stock was down again, amid Wall Street downgrades and price target cuts.
NIO Inc (NYSE:NIO) shares fell after the Chinese electric vehicle maker posted second-quarter revenue that missed Wall Street expectations, even as the company narrowed its losses and pointed to improving margins. Revenue rose 69.1% year-over-year to RMB32.14 billion ($4.74 billion), falling short of the roughly $4.95 billion analysts had expected.
For the third quarter, NIO expects sales of about $5 billion. Wall Street is projecting $5.3 billion in revenue.