
Increasing workforce effectiveness and competency via technology
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
June 13, 2022: -Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, more comprehensive than the $68.8 million it lost a year ago, as it ran to keep speed with intense demand between China’s current Covid-related shutdowns.
Nio’s shares decreased about 9% in early trading Thursday as investors digested the decline in gross margin. They rebounded somewhat to end the day at $18.80, down nearly 7.5%.
CEO William Bin Li said that growing commodity costs have continued to squeeze margins during the company’s earnings call. But he hopes Nio’s gross margin to start to recover in the third quarter as offsetting cost cuts take hold.
Nio said its new factory, the company’s second, has started pre-production builds of the upcoming ET5 sedan in September. The company also approved plans to launch a unique upscale, five-passenger SUV, the ES7, with deliveries starting in August.
Nio delivered 25,768 vehicles in the first quarter, up from 20,060 a year ago. According to the company, the second-quarter deliveries are on pace to reach between 23,000 and 25,000 cars, suggesting a powerful June. Covid-19 shutdowns and supply-chain issues limited Nio’s total deliveries in April and May to just more than 12,000.
Demand has remained strong through China’s most recent pandemic disruptions, yet. Li said Nio “achieved an all-time high order flow” in May.
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
Total Quality Management (TQM) is an organisational philosophy that small business owners and managers adopt rather than a particular management …
We all struggle with self-doubt, but this struggle can be especially difficult for those in leadership positions. Leaders are expected to be …
Diversity and inclusion (D&I) include more than just headcounts, rules, or initiatives. Equitable employers outperform their rivals by valuing each team …
Whether you’ve recently been promoted to the executive level or have been with the company for 10+ years, one thing will never change. Human nature, like …
Regardless of your job title or business, you can be obliged to participate in negotiations from time to time as a business professional. Chances are, you are currently …
March 22, 2023: On Tuesday, Shares of GoTo Group decreased nearly 4.62% after the Indonesian tech firm’s annual net loss for …
March 21, 2023: On Monday, UBS shares staged a remarkable rally, reversing steep losses following the bank’s 3 billion Swiss …
March 21, 2023: A New York Community Bancorp subsidiary has agreed with U.S. regulators to get the deposits and loans …
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you