Morgan Stanley Comments on NIO (NIO) CFO Resignation

Nio CFO Feng steps down, EV maker appoints insider as successor

July 5, 2024 6:27 AM EDT

(Reuters) - China-based electric automaker Nio said on Friday Steven Wei Feng has stepped down as its chief financial officer, effective immediately, citing personal reasons.

Feng would be succeeded by insider Stanley Yu Qu, who had joined the company in October 2016 and last served as a senior vice... More

Nio stock drops as CFO resigns

July 5, 2024 6:08 AM EDT

Shares in Nio (NYSE: NIO) fell in premarket trading Friday after the company announced its CFO Steven Wei Feng has resigned due to personal and family reasons.

Nios US-listed shares fell 2% in the market pre-open, while its Hong Kong stock dropped less than... More

NIO Inc. (NIO) Announces CFO Resignation

July 5, 2024 5:46 AM EDT

NIO Inc. (NYSE: NIO) today announced that Mr. Steven Wei Feng has tendered his resignation as the Chief Financial Officer of NIO for personal and family reasons, effective July 5, 2024. The Company greatly appreciates Mr. Fengs contributions to NIO since 2019 and wishes him... More

Active options: NIO PARA RIVN MARA GME MU META BABA AVGO INTC PLTR AMC

July 3, 2024 12:59 PM EDT

Active options: NIO PARA RIVN MARA GME MU META BABA AVGO INTC PLTR AMC

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China EV makers brace for tariffs as Beijing, EU engage in talks

July 3, 2024 5:31 AM EDT

By Nicoco Chan and Sarah Wu

SHANGHAI/BEIJING (Reuters) - With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion.

The bloc is set to confirm on Thursday extra duties of up to 37.6% aimed to prevent a flood of subsidised China-built EVs into the European market, despite last-ditch efforts to strike a deal.

"The Chinese EV brands' march into Europe will continue on," said Lei Xing, founder of consultancy AutoXing.

... More