Shares of electric-car maker Nio tumble toward all-time low
Shares of Nio Inc. NIO, +0.00% tumbled 18% toward a record low in active premarket trading Monday, after the Shanghai-based electric car maker reported wider losses, declining revenue and said it plans to cut about 2,100 jobs, and cancelled its post-earnings conference call. Trading volume topped 2.4 million shares, making the stock the most actively traded ahead of the open. The net loss for the second quarter ended June 30 was RMB3.29 billion , compared with a loss of RMB2.
Gross margin was negative 33.4%, after negative 13.4% in the first quarter. Deliveries totaled 837 vehicles in July and 1,943 vehicles in August. The company said it plans to cut its workforce to around 7,800 by the end of the third quarter from over 9,900 in January 2019.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gordon Ramsay shares baby Oscar's exciting new milestone – see picGordon Ramsay shared a cute photo of his baby son Oscar waiting for his first taste of solid food
Baca lebih lajut »
Victoria Beckham shares gorgeous new photo of David and Harper – see picVictoria Beckham posted a sweet picture of husband David and their daughter Harper with one of their dogs
Baca lebih lajut »
Beyonce Shares New Photos of Her Kids at Blue Ivy's Rose B-Day PartyBeyonce's daughter Blue Ivy had the most epic 7th birthday party! See the pics of all her kiddos:
Baca lebih lajut »
Stacey Solomon shares the behind-the-scenes drama of baby Rex's first football matchLoose Women star Stacey Solomon shared a series of videos and photos showing her and her sons' dramatic trip to Arsenal on Sunday
Baca lebih lajut »
Leslie Kirchhoff, Ice Cube Artist, Shares 3 Spring Cocktail RecipesThe photographer, DJ, and Disco Cubes founder crafts a set of spring cocktails—and an accompanying playlist to sip in style.
Baca lebih lajut »