NIO Aims for Profits in Q4, BYD Factory News in Brazil & Mexico - CleanTechnica

NIO Aims for Profits in Q4, BYD Factory News in Brazil & Mexico - CleanTechnica

NIO Profitability? NIO’s got a big target in mind. It is aiming to finally achieve profitability in the 4th quarter of this year. Naturally, that’s a huge deal for the company. Tesla’s stock price soared in 2019 when it finally achieved profitability, and I think most investors assume startup car ... [continued] The post NIO Aims for Profits in Q4, BYD Factory News in Brazil & Mexico appeared first on CleanTechnica.

NIO Aims for Profits in Q4, BYD Factory News in Brazil & Mexico

NIO Profitability? NIO's got a big target in mind. It is aiming to finally achieve profitability in the 4th quarter of this year. Naturally, that's a huge deal for the company. Tesla's stock price soared in 2019 when it finally achieved profitability, and I think most investors assume startup car ... [continued] The post NIO Aims for Profits in Q4, BYD Factory News in Brazil & Mexico appeared first on CleanTechnica.

BYD to Start Electric Vehicle Assembly in Brazil Amid Tariff Challenges

Chinese electric vehicle giant BYD is preparing to assemble battery electric vehicles (BEVs) in Brazil this year, a significant step to maintain its foothold in the Brazilian market following the reintroduction of import tariffs on electric vehicles. The Shenzhen-based automaker, which entered Brazil in 2021, has already sold over 100,000 electric cars there. However, the new tariffs on BEVs, hybrid electric vehicles (HEVs), and plug-in hybrid e…

Onvo’s Chief Rejects Layoff Claims, Attributes Employee Exits to Cost-Cutting Plan

Nio's management on Friday commented that staff departures at the electric vehicle maker are part of a broader operational restructuring, as the company targets profitability in the final quarter of the year.