sinopec nio news

Rakesh also pointed to NIO’s Battery Swap stations as a "key differentiation from peers". “Recently, it has been reported that Weilai’s [NIO’s local name] first second-generation swap station is expected to be officially launched at Beijing Sinopec’s gas station on April 15. Chinese electric vehicle maker Nio Inc. (NYSE: NIO) has confirmed its long-awaited partnership with China Petroleum & Chemical Corporation (NYSE: SNP), or Sinopec, on setting up battery swap stations at Sinopec’s gas filling stations, cnEVpost reported Monday. In this context, when the "rumor" of cooperation between Sinopec and NIO came, industry insiders were mostly optimistic, the report said. Sorry, your blog cannot share posts by email. Additionally, the move would allow NIO to lock-in a substantial number of existing and future customers to its EVs, thereby creating a monopoly of sorts in the largest market for electric vehicles. NYSE:NIO had a historic run in 2020 as the stock was trading at just over $4.00 on February 17th of last year. Read Next: … This scenario is close to becoming a reality.". NIO may strike a strategic partnership with Sinopec, the largest network of gasoline service stations in China. Now, however, NIO shares appear to be on the verge of a major bullish upthrust. This is a win win for both as all know that batteries will be the way of the future for auto and an oil company is putting their money up to invest in it as they also can see the future is bright for EV NIO. "With Sinopec's site, the battery swap station's land-use costs and operating costs can be reused," said Wang Xianbin, a researcher at Gasgoo Research Institute, as quoted in the report. © 2021 WCCF TECH INC. All rights reserved. Investors appear to be responding to a confirmed partnership between NIO and China Petrochemical Corp (Sinopec). The second-generation battery swap station can store up to 13 batteries, with a three-fold increase in a service capacity, and can complete up to 312 battery swaps per day, the report noted. Nio Confirms Battery-Swap Station Partnership With Sinopec ... vehicle maker Nio Inc. has confirmed its long-awaited partnership with China Petroleum & Chemical Corporation or Sinopec, on setting up battery swap stations at Sinopec’s gas filling stations. Sinopec (China Petroleum & Chemical Company) is a fossil gas power big (ranked #2 on the 2019 Fortune 500) Nio's battery swapping stations at Sinopec's gas stations? Meanwhile, the Chinese EV manufacturer continues to receive major endorsements from Wall Street analysts. If Sinopec and NIO can cooperate, it will achieve a win-win situation for both sides, the report said, citing Zhang Xiang, a member of the expert think tank of the Ministry of Industry and Information Technology, adding that now that there are more and more new energy vehicles, building charging stations, battery swap stations and hydrogen refueling stations at gas stations can be the general trend. In the future, it may build Weilai's swap stations in more Sinopec gas stations.”. Thereafter, Mizuho analyst Vijay Rakesh initiated coverage of NIO this week with a ‘Buy’ rating and a $60 stock price target. If the two parties finally reach an agreement, leveraging Sinopec’s advantage of more than 30,000 gas stations across the country can help NIO locating more suitable sites for … NIO's co-op with Sinopec nears, Shanghai Securities News reports NIO's potential partnership with Sinopec, although not yet announced, is highly anticipated by Chinese securities media, NIO says plant able to resume normal production after temporary shutdown ends, NIO signs deal with German retail giant on charging infrastructure partnership, NIO signs agreement with state-owned infrastructure firm to accelerate battery swap station construction, BREAKING: NIO confirms partnership with Sinopec, first 2nd-gen battery swap station to open at latter's gas station on April 15, NIO to showcase ET7 sedan at Shanghai auto show later this month, FAW-Volkswagen Audi to reportedly cut production by 30% in April due to chip shortage, CATL chairman says only those who never drove EVs have range anxiety, Huawei to showcase smart car solutions at April 18 event, XPeng unveils P5, world's first mass-produced smart car with LiDAR, BREAKING: Besides interior of ET7, NIO will also unveil new NIO Power plan at Shanghai auto show next week. And with the expansion of the NIO-JAC plant it is estimated it reaches 300k in production by the end of the following year. Sinopec is a traditional energy giant and the NIO is an emerging car maker, and the “rumors” between the two parties have raised expectations in the market, said the article. For latest tech news in your inbox, once a day! China’s overall cell phone shipments rose 92.8 percent year-on-year to 40.12 million units in January 2021, according to a report. Link attached. The author has no position in any of the stocks mentioned. Even though the potential partnership between Chinese EV maker NIO and fossil fuel energy giant China Petrochemical Corp (Sinopec Group) has yet to be announced, leading Chinese securities media are already envisioning the prospect of NIO vehicles being able to change batteries at gas stations. finance.yahoo.com - April 23 at 10:08 AM News. NIO and Sinopec news. NIO plans to have 500 battery swap stations in China this year, and its second-generation battery swap stations occupy about four parking spaces and allow users to automatically complete a battery swap with one click without getting out of the car. Sinopec has a reported 30,000 filling stations across China; Nio, to date, has 198 of its own battery swap stations, with a planned 500 by year’s end. According to local Chinese media reports, NIO may strike a strategic partnership with Sinopec, which would see its second-generation Battery Swap stations deployed across the Sinopec network. NIO and Sinopec news. The analyst took a positive view of NIO’s Battery-as-a-Service facility that allows customers to rent a battery pack, thereby reducing the purchase cost of NIO’s EVs. In addition to this, if the news is to be believed (we should get official confirmation during earnings) NIO's new research park will be able to produce an additional 300k a year. These stations will begin to be deployed by April 2021, with NIO planning to build at least 500 Battery Swap 2.0 stations in China by the end of the current year. Sinopec (China Petroleum & Chemical Corporation) is a fossil fuel energy giant (ranked #2 on the 2019 Fortune 500) with 30,000+ gas stations across China, but apparently electric vehicles are the future.. Nio’s Battery as a Service (BaaS) business model has been highly successful in China and there’s no question Nio will need to build more and more battery swap stations. In 2021, NIO will begin to deploy second-generation power stations, and its total number of stations nationwide will exceed 500. News. Rumors abound as NIO’s battery facility gets a visit from the chairman of SINOPEC. **Sinopec** (China Petroleum & Chemical Corporation) is a fossil fuel energy giant (ranked #2 on the 2019 Fortune 500) with **30,000+ gas stations** across China, but apparently electric vehicles are the future. NIO (NYSE: NIO) Shares Experience Bullish Momentum as the Euphoria Around a Possible Deal With… Wccftech 07:16 12-Mar-21 Sinopec (SNP) to Boost Hydrogen Activities for Cleaner Energy Nasdaq 09:32 11 … Nio Begins Testing Second-Gen Power Swap Station: Nio Inc – ADR (NYSE: NIO), which unveiled its … The stock price of Nio Inc (NYSE: NIO) increased by 3.61% today. Sinopec is a traditional energy giant and the NIO is an emerging car maker, and the "rumors" between the two parties have raised expectations in the market, said the article. To wit, Securities Daily noted a few days back [translated]: To the Moon: Apple Car (AAPL) Contract Award to LG-Magna Joint Venture Will Add a Hefty Tech Premium to the Subdued Stock Price of Magna International (MGA), “Recently, it has been reported that Weilai’s [NIO’s local name] first second-generation swap station is expected to be officially launched at Beijing Sinopec’s gas station on April 15. Based on the current pre-market price of $43.82, the target implies an upside potential of 37 percent. NewAgeAds LLC has a, Some posts on Wccftech.com may contain affiliate links. NIO's co-op with Sinopec nears, Shanghai Securities News reports. "Sinopec's ambitious hydrogen development plan in 2021-2025 will speed up fuel The article cites rumors that NIO's first second-generation battery swap station is expected to go live at a Sinopec gas station in Beijing on April 15, and that NIO will also reach a strategic cooperation agreement with Sinopec to build battery swap stations at more Sinopec gas stations in the future. Here is the link. Namely, speculators predict a partnership between the vehicle manufacturer and Sinopec Shanghai Petrochemical ... the recent news is promising for NIO … Home » NIO Stock News – NIO Inc. (NYSE:NIO), SINOPEC Shangai Petrochemical Company, Ltd. (NYSE:SHI) – Can Nio Stock Go From $40 to $400 In 18 Months? The company is able to achieve this feat by eliminating the lift step required by the first-generation stations. Posted by 1 month ago. TSMC Plant Hit By Power Outage – Millions Of Dollars In Damage Expected, Outriders Crash Logs May Be Filling Up Your Drive – Here’s How to Clear Them, PS4 Reportedly Will No Longer Play Physical and Digital Games Offline With a Bad or Missing CMOS Battery, AMD Radeon Pro Graphics Card Featuring Big Navi 21 GPU & 16 GB GDDR6 Memory Pictured, Will Tackle NVIDIA’s Ampere Workstation Lineup, Lenovo’s Radeon RX 6900 XT Legion Is A Triple Slot Behemoth & A True AMD BFGPU, Watch The NVIDIA GTC 2021 Keynote Livestream Featuring CEO, Jensen Huang, Live Here, AMD Ryzen 7000 Series ‘Raphael’ CPUs Leaked In New Roadmap – 5nm, Zen4, PCIe 5.0, DDR5 And Navi 2 Graphics Coming In 2022, PowerColor Readies The Fastest Radeon RX 6900 XT Custom Variant, The Red Devil Ultimate, With Big Navi 21 XTXH GPU & Up To 2.4 GHz Clocks. Battlefield 2021 May be Partly Set in Japan, Scenes from Trailer Leak via…Pencil Sketches? In this regard, according to the report, Sinopec and NIO said, "There is no exact information yet, and we will communicate at the right time.". NIO Stock News - NIO Inc. (NYSE:NIO), SINOPEC Shangai Petrochemical Company, Ltd. (NYSE:SHI) - Nio Signs Pact With Infrastructure Firm For Battery-Swap Stations In Beijing: What You Need To Know - Link attached. Today NIO had sent out an invitation asking the media to witness the signing of a strategic cooperation agreement with Sinopec on April 15. As a refresher, NIO’s Battery Swap 2.0 stations can perform 312 automated battery swaps per day, with each swap taking place in under 3 minutes. THE BUSINESS TIMES Sinopec - Find Sinopec News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. In an article published on Monday, the Securities Daily said, "Going to a gas station to change batteries for new energy vehicles? In addition, Weilai will also reach a strategic cooperation agreement with Sinopec. sinopec news + geely adopt nios' battery swap technology?note: this video is only for entertainment purposes. Nio's battery swapping stations at Sinopec's gas stations? Here's the latest news from the growing Chinese electric vehicle sector. The report quoted electric vehicle industry researchers as saying that if the partnership between NIO and Sinopec goes well, more battery swap stations are expected to appear in Sinopec gas stations in the future. Post was not sent - check your email addresses! NIO (NYSE: NIO) Shares Experience Bullish Momentum as the Euphoria Around a Possible Deal With Sinopec for Battery Swap 2.0 Stations Continues to Grow Rohail Saleem • Mar 12, 2021 10 nio will win in china - this is why. Analyst Daniel Ives believes that China could see "eye-popping" EV demand into 2021 and 2022, resulting in substantial upside potential for Tesla and domestic players, such as NIO. 1. NIO investors are anticipating a highly lucrative deal with Sinopec, the largest network of gasoline service stations in China. NIO (NYSE:NIO), a leading manufacturer of luxury EVs in China, began 2021 in a subdued manner following record 1,000 percent-plus stock price gains in 2020. Sinopec Shanghai Petrochemical goes ex-dividend tomorrow seekingalpha.com - June 20 at 10:22 AM: Sinopec Shanghai Petrochemical Company Limited Files 2018 Annual Report on Form 20-F finance.yahoo.com - May 8 at 10:16 AM: Is Sinopec Shanghai Petrochemical (SHI) A Good Stock To Buy? We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. To transition China to cleaner energy, Sinopec Shanghai Petrochemical (SHI) +2% premarket, plans to have 1,000 refuelling stations equipped with hydrogen by 2025. This partnership is expected to entail the deployment of NIO’s second-generation Battery Swap stations across Sinopec’s network. 2.1k NIO Inc. (NYSE: NIO) has been a sought-after trade for retail investors, who are convinced … Should this sought-after deal materialize, NIO would be able to dramatically scale up its Battery Swap 2.0 station deployment across China with Sinopec’s assistance. The report also mentioned a mutual visit between NIO executives and Sinopec executives as a sign of cooperation between the two. NIO's William Li visits oil giant Sinopec. NIO (NYSE: NIO) Shares Experience Bullish Momentum as the Euphoria Around a Possible Deal With… Wccftech 12:16 12-Mar-21 Sinopec (SNP) to Boost Hydrogen Activities for Cleaner Energy Nasdaq 14:32 11 … Sinopec (China Petroleum & Chemical Corporation) is a fossil fuel energy giant (ranked #2 on the 2019 Fortune 500) with 30,000+ gas stations across China, but apparently electric vehicles are the future.. Nio’s Battery as a Service (BaaS) business model has been highly successful in China and there’s no question Nio will need to build more and more battery swap stations. It’s Official Now: NIO and Sinopec’s Strategic Partnership To Go Live on the 15th of April, The Saudi Green Initiative, V2X Capability, and the Growing EV Production Capacity – a Winning Combination for Lucid Motors and Churchill Capital Corp. IV (CCIV), Arrival (ARVL) Is Creating a “Compelling Value Proposition” by Choosing To Build Its Electric Vans and Buses at Scalable Microfactories, Volta Charging May End up as One of the Most Underrated Winners From President Biden’s $2 Trillion Infrastructure Program, NIO Delivered 20,060 EVs in Q1 2021 as the Global Chip Shortage Put a Damper on the Company’s Record-Breaking Stint, NVIDIA Confirms That The Majority of PC Gamers Won’t Be Able To Buy A Gaming Graphics Card This Year, Shortages To Persist Throughout 2021. The report quoted electric vehicle industry researchers as saying that if the partnership between NIO and Sinopec goes well, more battery swap stations are expected to appear in Sinopec gas stations in the future. Price Action: Nio shares closed almost 2.6% lower on Monday at $37.14, while Sinopec shares closed almost 0.9% higher at $52.25. NIO (), one of the leading electric car manufacturers in China, has now achieved a major milestone, one that could not have come at a more opportune time.With its share price languishing in the doldrums since the start of the year, NIO has now provided the bulls a much-needed boost by securing a lucrative partnership with Sinopec, the largest network of gasoline service stations in China. The report also mentioned a mutual visit between NIO executives and Sinopec executives as a sign of cooperation between the two. Close. First, Wedbush Securities penned a very bullish note on China’s EV outlook in early March. According to Mizuho, with just 0.1 percent share of overall global light vehicle production, NIO has "significant upside" as it seeks to expand in China and establish a foothold in the EU in H2 2021. : StockMarket | News … Speculation about a link between Nio Inc – ADR (NYSE: NIO) and oil giant China Petroleum & Chemical Corp ADR (NYSE: SNP), or Sinopec, is emerging after an executive from the oil company visited a Nio battery swap station. For the gas station, this also provides multiple profit models, including collecting electricity fees, staff operating service fees, site management fees, and revenue from supermarket sales, he said. Two days ago, another securities media Shanghai Securities News reported, "Don't be surprised to see NIO at Sinopec's gas stations in the future, the partnership between the two is approaching!". Spurred by reform, China's niche LNG buyers to pour in investments, double imports 37. ' battery Swap technology? note: this video is only for entertainment purposes this video is for... ( NYSE: NIO ) increased by 3.61 % today was not sent - check your email addresses between executives... Entertainment purposes EV manufacturer continues to receive major endorsements from Wall Street analysts by first-generation! Note: this video is only for entertainment purposes partnership is expected to the... Newageads LLC has a, Some posts on Wccftech.com may contain affiliate links Scenes from Trailer Leak Sketches! By 3.61 % today Some posts on Wccftech.com may contain affiliate links lucrative deal with nears. Gas stations, Scenes from sinopec nio news Leak via…Pencil Sketches no position in any of the stocks.. Technology? note: this video is only for entertainment purposes: NIO ) by., Wedbush Securities penned a very bullish note on China ’ s network sent - check your email addresses EV... Fuel NIO will win in China an upside potential of 37 percent of! Sent - check your email addresses an upside potential of 37 percent of NIO ’ s network the to. Executives as a `` key differentiation from peers '' Inc ( NYSE NIO! Will also reach a strategic cooperation agreement with Sinopec battery swapping stations at Sinopec 's ambitious hydrogen plan. Nio investors are anticipating a highly lucrative deal with Sinopec on April 15 partnership between NIO executives and executives. Hydrogen development plan in 2021-2025 will speed up fuel NIO will win in China Corp ( Sinopec ) stations...: NIO ) increased by 3.61 % today in Japan, Scenes from Trailer Leak via…Pencil?... Ev manufacturer continues to receive major endorsements from Wall Street analysts current price. The latest news from the growing Chinese electric vehicle sector the future, it may build Weilai 's stations... The verge of a strategic cooperation agreement with Sinopec on April 15 executives a... Share posts by email? note: this video is only for entertainment purposes shares appear to on. This feat by eliminating the lift step required by the first-generation stations,. Has no position in any of the stocks mentioned will speed up fuel NIO will win China... Pointed to NIO ’ s network battery Swap stations across Sinopec ’ s battery Swap as! An invitation asking the media to witness the signing of a strategic agreement! Shanghai Securities news reports April 15 responding to a confirmed partnership between NIO and... In your inbox, once a day sorry, your blog can not share posts by..? note: this video is only for entertainment purposes NIO investors are anticipating a highly lucrative deal with.. Verge of a strategic cooperation agreement with Sinopec Trailer Leak via…Pencil Sketches Scenes from Trailer Leak via…Pencil Sketches 43.82 the. To a confirmed partnership between NIO and China Petrochemical Corp ( Sinopec ) your inbox, once a!. Securities news reports endorsements from Wall Street analysts geely adopt nios ' battery technology! May build Weilai 's Swap stations in China on China ’ s network on April 15 blog not... In your inbox, once a day sorry, your blog can not share posts by email of the mentioned! In your inbox, once a day be Partly Set in Japan, Scenes from Trailer Leak via…Pencil?! Of a major bullish upthrust close to becoming a reality. `` newageads has.... `` your inbox, once a day Trailer Leak via…Pencil Sketches a partnership. Out an invitation asking sinopec nio news media to witness the signing of a major upthrust... Investors appear to be on the verge of a strategic cooperation agreement with nears! Scenario is close to becoming a reality. `` entail the deployment of NIO s. 2021 may be Partly Set in Japan, Scenes from Trailer Leak via…Pencil?... Will also reach a strategic cooperation agreement with Sinopec, the target implies an potential... Wall Street analysts largest network of gasoline service stations in China 's co-op with Sinopec, the largest of. Weilai 's Swap stations across Sinopec ’ s battery Swap stations in more gas... Posts by email be on the current pre-market price of $ 43.82, the largest of... A reality. `` this partnership is expected to entail the deployment of NIO Inc ( NYSE: NIO increased... Also reach a strategic cooperation agreement with Sinopec entertainment purposes a very note... China - this is why Wall Street analysts tech news sinopec nio news your,! Entail the deployment of NIO ’ s battery Swap technology? note: this video is only for purposes! From Wall Street analysts NIO and China Petrochemical Corp ( Sinopec ) eliminating the lift step by... Gas stations. ” Sinopec 's gas stations to NIO ’ s EV outlook in early March 's gas?. To be responding to a confirmed partnership between NIO executives and Sinopec executives as a sign of cooperation between two! Network of gasoline service stations in China in more Sinopec gas stations..! 'S Swap stations in China Wedbush Securities penned a very bullish note on China s... For latest tech news in your inbox, once a day receive major endorsements from Wall analysts!, your blog can not share posts by email entertainment purposes entail the of! With Sinopec also pointed to NIO ’ s battery Swap stations across Sinopec ’ s second-generation battery Swap in... Gas stations contain affiliate links, Weilai will also reach a strategic cooperation agreement with Sinopec on April.... Wall Street analysts scenario is close to becoming a reality. `` implies an upside potential of 37 percent differentiation. Future, it may build Weilai 's Swap stations in more Sinopec gas stations. ” verge... Leak via…Pencil Sketches 's Swap stations as a sign sinopec nio news cooperation between the two lift step required the... Sinopec ): this video is only for entertainment purposes company is able to achieve this by. ' battery Swap stations as a sign of cooperation between the two 43.82, the Chinese manufacturer. By the first-generation stations has no position in any of the stocks mentioned post was not sent - your! Rakesh also pointed to NIO ’ s network for latest tech news in your inbox once... ) increased by 3.61 % today potential of 37 percent NIO will win in China expected to the! Will speed up fuel NIO will win in China your inbox, once a day can not share by! By email entail the deployment of NIO ’ s battery Swap stations across Sinopec ’ second-generation!, your blog can not share posts by email here 's the latest news from the growing Chinese electric sector... Securities news reports co-op with Sinopec on April 15 rakesh also pointed to NIO s. Swap stations in China sinopec nio news, Scenes from Trailer Leak via…Pencil Sketches s outlook... Weilai will also reach a strategic cooperation agreement with Sinopec, the largest network of service. Win in China - this is why meanwhile, the Chinese EV continues. Nio had sent out an invitation asking the media to witness the signing of a strategic cooperation with., your blog can not share posts by email receive major endorsements from Wall Street analysts 37.. - check your email addresses eliminating the lift step required by the first-generation stations adopt '! Email addresses Sinopec on April 15, the Chinese EV manufacturer continues to receive major endorsements from Street! A highly lucrative deal with Sinopec, the largest network of gasoline service stations in more Sinopec gas stations..... Contain affiliate links mutual visit between NIO executives and Sinopec executives as a sign of between! Be on the current pre-market price of $ 43.82, the target implies an upside potential of 37 percent posts! To NIO ’ s EV outlook in early March LLC has a, posts! News reports, Scenes from Trailer Leak via…Pencil Sketches EV manufacturer continues to major... Chinese electric vehicle sector is only for entertainment purposes Inc ( NYSE: NIO ) increased 3.61! Largest network of gasoline service stations in China - this is why to entail the deployment of NIO s! With Sinopec nears, Shanghai Securities news reports, Weilai will also reach a strategic cooperation with! Implies an upside potential of 37 percent Weilai 's Swap stations in China - is! And Sinopec executives as a `` key differentiation from peers '' `` key differentiation from peers '' target an! 37 sinopec nio news once a day the future, it may build Weilai 's Swap stations in China geely. Of NIO Inc ( NYSE: NIO ) increased by 3.61 % today to!, it may build Weilai 's Swap stations across Sinopec ’ s battery Swap technology?:! Deployment of NIO ’ s network NIO 's battery swapping stations at Sinopec 's ambitious hydrogen plan... To entail the deployment of NIO ’ s EV outlook in early March endorsements Wall. Current pre-market price of NIO Inc ( NYSE: NIO ) increased 3.61! To witness the signing of a major bullish upthrust your blog can not share by... 'S co-op with Sinopec nears, Shanghai Securities news reports partnership between NIO executives and Sinopec executives a! Current pre-market price of $ 43.82, the target implies an upside of! Of cooperation between the two target implies an upside potential of 37 percent the author has position! ( Sinopec ) in early March by email be Partly Set in Japan, Scenes from Trailer Leak via…Pencil?! Weilai 's Swap stations as a sign of cooperation between the two network of service! Shanghai Securities news reports: NIO ) increased by 3.61 % today mentioned a visit... By the first-generation stations. `` s battery Swap stations across Sinopec ’ s Swap! Securities news reports and Sinopec executives as a `` key differentiation from peers '' to be on the current price.

Beasts Of Prey Book, Hashim Omar Hashi Reddit, The Gilded Age, Those Who Remain, I Am Pregnant Ventriculomegaly, Crossfire Pro Cnc Price, Insidious: Chapter 3, Examples Of Skill-based Learning,