Nus trivia News a.i. video

Carrie Lam shouted down by pro-democracy lawmakers on floor of Hong Kong parliament

Lenovo's Thinkpad X1 foldable laptop will get bent out of shape before Surface Neo

Google Pixel 4 vs Pixel 3: what upgrades does Google's newest phone bring?

Elon Musk reportedly testified that he's low on cash and assets that could quickly be turned into cash

Fake iOS jailbreak could be putting iPhone users at risk

I took some photos with Google's new Pixel 4 smartphone — here are some samples from its camera

NASA charged taxpayers $5M for SpaceX safety review after Elon Musk got high

Microsoft Office now supports dark mode for iPhone and iPad

Luna Display adds new Mac-to-Mac mode as it competes with Apple’s Sidecar feature - 9to5Mac

Galaxy S11 leak hints at a taller 20:9 display - Android Central

SpaceX may want to launch 42,000 internet satellites — about 5 times more spacecraft than humanity has ever flown

How to stop a workout on your Apple Watch automatically or manually

NASA Engineer Has A Great Idea for a High-Speed Spacedrive. Too Bad it Violates the Laws of Physics - Universe Today

How to set the time on an Apple Watch manually, and even make it different from the time on your iPhone

Google reportedly won’t sell Pixel 4 in India due to Motion Sense radar spectrum issues

BBC winds down its in-house VR production team

Google keeps adding Pixel features it claimed it didn’t need

The new Google Assistant doesn't support button navigation, to the dismay of users

Future of SpaceX Starlink and Starships

Microsoft launches new open-source projects around Kubernetes and microservices

Nio, the Tesla of China, surges after reporting strong vehicle deliveries for Q3 (NIO)

Date published: 2019-10-08
Originally published: Here. Excerpt below.

Nio, known as the Tesla of China, is gaining after reporting solid vehicle delivery numbers for the third quarter. 
Shares of the electric vehicle maker surged as much as 11.33% in early trading on Tuesday after the company reported that it delivered 4,799 vehicles in the third quarter, up 35.1% from the second quarter. 
The delivery number was also on the higher end of Nio's guidance, the company said. In September, the company delivered 2,019 vehicles. 
"September deliveries in particular were positively impacted by expedited shipments ahead of China's national day holiday," said William Li, the founder and CEO of NIO, in a press release.
"In addition to the solid sequential improvement in our delivery numbers, we have seen accelerated growth of our order backlog since September supported by a more expansive sales network." 
The strong delivery numbers come just a few weeks after Nio announced, along with disappointing second-quarter earnings, that it will lay off more than 20% of its workforce. The announcements sent shares of the company down as much as 30% over two days. 
Nio has been struggling amidst declining electric vehicle sales in China, which dipped for the first time in July and  August of this year after the government cut subsidies for new purchases of electric cars in June. 
In addition, Nio had to recall 4,800 vehicles in June after reports of three of them catching fire. The company said the malfunctions were due to an issue with an old ...

Related stories

Nio, the Tesla of China, surges after reporting strong vehicle deliveries for Q3 (NIO)

'Fortnite' company may face class-action lawsuit over claims game as addictive as cocaine

Explore more stories...

Continue reading story: Here.

Today's top stories on

Other trending stories

Tell us what you think!

Nio, the Tesla of China, surges after reporting strong vehicle deliveries for Q3 (NIO) #Nio #China #September #tech

— NUS Trivia | tech news (@NusTrivia) October 8, 2019