China’s NIO reportedly aims to make profit in Q4 · TechNode

China’s NIO reportedly aims to make profit in Q4 · TechNode

Chinese electric vehicle maker NIO aims to turn a profit in the fourth quarter of this year and has taken various measures to cut costs and drive sales, people familiar with the matter told the 21st Century Business Herald on Tuesday. The company has established separate cost-tracking functions for its major business departments and will significantly reduce intellectual property licensing costs this year, since new models will use its proprieta…

BlackRock Further Cuts Stake in Nio, Sells 3 Million Shares in Q4

BlackRock, the world’s largest asset manager, reduced its holdings in Chinese electric vehicle makers Nio and XPeng in the fourth quarter of 2024 while increasing its stakes in U.S. EV companies Lucid Motors and Rivian, according to its latest quarterly portfolio update.