Hot Chinese ADRs dipped in morning trading.Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors,Li Auto,DiDi Global,Bilibili and iQIYI fell between 1% and 6%.
Tesla Rival Nio Reportedly Prepares for U.S. Entry, Ramps Up Hiring
Chinese luxury electric vehicle maker Nio is reportedly hiring a local team of experts in the United States as the automaker looks to expand its presence outside China,a media report says.InsideEVs, a trade publication on electric vehicles, first reported that Nio is looking to fill close to 50 positions in the U.S. ranging from software engineers and developers to strategy heads , human resource executives, and financial analysts. The jobs were posted on LinkedIn.The news comes a few weeks af
Nio is on watch with attractive buying opportunity called out by Deutsche Bank
Niois a new addition to the fresh money list at Deutsche Bank on what it calls an attractive buying opportunity heading into the new year.Analyst Edison Yu: "With the stock having underperformed materially in recent months, we see a great entry point setting up for a pivotal 2022. Investor sentiment has been lackluster due to lack of new vehicles and supply chain constraints, and most recently, the heightened US delisting risk. We believe these headwinds can all reverse in the coming 12 months w