The Latest Breaking News from NIO

Shares of U.S.-listed Chinese firms traded significantly lower in Hong Kong on Wednesday morning, with major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), Baidu Inc (NASDAQ: <

Nio Inc - ADR (NYSE: NIO) shares are trading lower by 7.56% at $14.79. Shares of Chinese companies are trading lower in possible reaction to US President Biden's recent unveiling of the Indo-Pacific Economic Framework to counter China's influence in the region. 

EV stocks bucked the broader market downturn and ended mostly higher, although market leader Tesla, Inc. (NASDAQ: TSLA) was down for a fourth straight week. Charging stocks also came under selling pressure, while China EV stocks recorded handsome gains.

Emerging Tesla rival Xpeng reported an in-line Q1 loss while revenue slightly topped. But revenue guidance disappointed.

Eli Lilly And Co (NYSE: LLY) shares are trading higher by 3.58% at $296.48 after the company announced the CHMP has issued a positive opinion for OLUMIANT for the treatment of adults with severe alopecia areata.

NIO Inc (NYSE: NIO) shares are trading higher Friday after the company successfully listed on the Singapore stock exchange and announced plans to build a research and development center for artificial intelligence and autonomous driving. 

Reuters

Chinese electric car company Nio Inc (NYSE:NIO) Chief Executive Officer William Li said the biggest challenge right now is ensuring supply chain stability, CNBC reported. The resurgence of COVID-19 cases in China and the subsequent economic restrictions had a huge impact that Nio had to suspend production temporarily. Nio delivered 5,074 vehicles in April,…

U.S.-listed Chinese electric carmaker Nio Inc (NYSE: NIO) on Friday made its debut on the Singapore stock exchange, with shares jumping 20% in early trading, as it laid out plans to open a local research center focused on artificial intelligence and self-driving cars.