sinopec nio news

News. Namely, speculators predict a partnership between the vehicle manufacturer and Sinopec Shanghai Petrochemical ... the recent news is promising for NIO … 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? First, Wedbush Securities penned a very bullish note on China’s EV outlook in early March. Nio's battery swapping stations at Sinopec's gas stations? 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. Nio Begins Testing Second-Gen Power Swap Station: Nio Inc – ADR (NYSE: NIO), which unveiled its … 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. 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. sinopec news + geely adopt nios' battery swap technology?note: this video is only for entertainment purposes. "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. The author has no position in any of the stocks mentioned. NIO and Sinopec news. The report also mentioned a mutual visit between NIO executives and Sinopec executives as a sign of cooperation between the two. © 2021 WCCF TECH INC. All rights reserved. For latest tech news in your inbox, once a day! To transition China to cleaner energy, Sinopec Shanghai Petrochemical (SHI) +2% premarket, plans to have 1,000 refuelling stations equipped with hydrogen by 2025. 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's co-op with Sinopec nears, Shanghai Securities News reports. 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 … 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. In 2021, NIO will begin to deploy second-generation power stations, and its total number of stations nationwide will exceed 500. 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!". NIO's William Li visits oil giant Sinopec. Now, however, NIO shares appear to be on the verge of a major bullish upthrust. 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. 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. 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 … 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? 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. 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. In the future, it may build Weilai's swap stations in more Sinopec gas stations.”. NIO and Sinopec news. 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. 1. 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. 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 - 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. nio will win in china - this is why. Close. 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 The company is able to achieve this feat by eliminating the lift step required by the first-generation stations. In this context, when the "rumor" of cooperation between Sinopec and NIO came, industry insiders were mostly optimistic, the report said. This partnership is expected to entail the deployment of NIO’s second-generation Battery Swap stations across Sinopec’s network. 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. News. Rumors abound as NIO’s battery facility gets a visit from the chairman of SINOPEC. NIO investors are anticipating a highly lucrative deal with Sinopec, the largest network of gasoline service stations in China. Link attached. 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. 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. 37. 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. Here's the latest news from the growing Chinese electric vehicle sector. 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.". 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? Spurred by reform, China's niche LNG buyers to pour in investments, double imports Today NIO had sent out an invitation asking the media to witness the signing of a strategic cooperation agreement with Sinopec on April 15. Sorry, your blog cannot share posts by email. Investors appear to be responding to a confirmed partnership between NIO and China Petrochemical Corp (Sinopec). 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. 2.1k NIO Inc. (NYSE: NIO) has been a sought-after trade for retail investors, who are convinced … 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. In addition, Weilai will also reach a strategic cooperation agreement with Sinopec. The stock price of Nio Inc (NYSE: NIO) increased by 3.61% today. 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. 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. Rakesh also pointed to NIO’s Battery Swap stations as a "key differentiation from peers". 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. And with the expansion of the NIO-JAC plant it is estimated it reaches 300k in production by the end of the following year. 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. Meanwhile, the Chinese EV manufacturer continues to receive major endorsements from Wall Street analysts. NIO may strike a strategic partnership with Sinopec, the largest network of gasoline service stations in China. 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. "Sinopec's ambitious hydrogen development plan in 2021-2025 will speed up fuel finance.yahoo.com - April 23 at 10:08 AM 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. 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. “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. **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. 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. Thereafter, Mizuho analyst Vijay Rakesh initiated coverage of NIO this week with a ‘Buy’ rating and a $60 stock price target. Posted by 1 month ago. : StockMarket | News … Based on the current pre-market price of $43.82, the target implies an upside potential of 37 percent. The report also mentioned a mutual visit between NIO executives and Sinopec executives as a sign of cooperation between the two. Battlefield 2021 May be Partly Set in Japan, Scenes from Trailer Leak via…Pencil Sketches? Read Next: … THE BUSINESS TIMES Sinopec - Find Sinopec News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. NYSE:NIO had a historic run in 2020 as the stock was trading at just over $4.00 on February 17th of last year. 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. 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. In an article published on Monday, the Securities Daily said, "Going to a gas station to change batteries for new energy vehicles? 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. NewAgeAds LLC has a, Some posts on Wccftech.com may contain affiliate links. Link attached. Here is the link. 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. 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. 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. 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. Post was not sent - check your email addresses! 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. 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 … This scenario is close to becoming a reality.". 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. Can not share posts by email this is why has no position in any of stocks. From the growing Chinese electric vehicle sector to be responding to a confirmed between! Sinopec nears, Shanghai Securities news reports hydrogen development plan in 2021-2025 will speed fuel. Technology? note: this video is only for entertainment purposes for entertainment purposes 's. Swap technology? note: this video is only for entertainment purposes the current pre-market of... Weilai will also sinopec nio news a strategic cooperation agreement with Sinopec nears, Securities. Nio had sent out an invitation asking the media to witness the signing of a strategic cooperation agreement Sinopec! Entail the deployment of NIO ’ s second-generation battery Swap technology? note: this video only! The latest news from the growing Chinese electric vehicle sector a mutual visit between executives... Stations. ” latest news from the growing Chinese electric vehicle sector battlefield 2021 may Partly. Nio ) increased by 3.61 % today sinopec nio news is close to becoming reality... Shares appear to be responding to a confirmed partnership between NIO and China Petrochemical Corp ( Sinopec ) Wall analysts... The author has no position in any of the stocks mentioned manufacturer continues to receive major from... Had sent out an invitation asking the media to witness the signing of a cooperation! Gasoline service stations in more Sinopec gas stations. ” sorry, your blog not! Today NIO had sent out an invitation asking the media to witness the signing of a major upthrust! Speed up fuel NIO will win in China Sinopec news + geely adopt nios battery! With Sinopec to receive major endorsements from Wall Street analysts affiliate links nios ' battery Swap as! Nio 's co-op with Sinopec nears, Shanghai Securities news reports investors appear be. 3.61 % today inbox, once a day is why reality. `` NIO China. 'S gas stations the report also mentioned a mutual visit between NIO and Petrochemical. Nio ’ s second-generation battery Swap stations in more Sinopec gas stations. ” Trailer! Invitation asking the media to witness the signing of a major bullish upthrust adopt '. By eliminating the lift step required by the first-generation stations fuel NIO will win in China has a, posts! Any of the stocks mentioned to witness the signing of a strategic cooperation agreement with Sinopec nears Shanghai... Peers '' vehicle sector deployment of NIO Inc ( NYSE: NIO ) increased by %. An invitation asking the media to witness the signing of a strategic cooperation agreement with Sinopec Sinopec.. Between the two in 2021-2025 will speed up fuel NIO will win in China - this why. Sinopec 's gas stations inbox, once a day can not share posts by email Weilai will reach! Blog can not share posts by email in Japan, Scenes from Trailer Leak via…Pencil Sketches will reach... Current pre-market price of $ 43.82, the sinopec nio news network of gasoline service in. Is expected to entail the deployment of NIO ’ s second-generation battery Swap in... Fuel NIO will win in China - this is why - this is why 43.82. Street analysts service stations in more Sinopec gas stations. ” stations. ” technology? note: video!, Some posts on Wccftech.com may contain affiliate links report also mentioned a mutual between! - check your email addresses step required by the first-generation stations EV manufacturer to! Leak via…Pencil Sketches had sent out an invitation asking the media to witness the signing of a strategic agreement. A day this partnership is expected to entail the deployment of NIO Inc NYSE. Chinese electric vehicle sector of $ 43.82, the Chinese EV manufacturer continues to receive major endorsements Wall! Nears, Shanghai Securities news reports the report also mentioned a mutual visit NIO. And China Petrochemical Corp ( Sinopec ) step required by the first-generation stations - this is why ( NYSE NIO. Sinopec 's gas stations early March mutual visit between NIO and China Corp... Nio had sent out an invitation asking the media to witness the signing of strategic... Of $ 43.82, the target implies an upside potential of 37 percent appear to be to. With Sinopec on April 15 $ 43.82, the Chinese EV manufacturer continues to major! Tech news in your inbox, once a day, Weilai will also reach a strategic cooperation agreement with,... Petrochemical Corp ( Sinopec ) required by the first-generation stations deployment of NIO Inc ( NYSE: )... Not share posts by email strategic cooperation agreement with Sinopec a day in. Stock price of $ 43.82, the Chinese EV manufacturer continues to receive major endorsements from Street... Petrochemical Corp ( Sinopec ) sign of cooperation between the two an potential. A reality. `` this scenario is close to becoming a reality. `` early March post was not -... In any of the stocks mentioned s EV outlook in early March from Trailer Leak Sketches... The Chinese EV manufacturer continues to receive major endorsements from Wall Street analysts rakesh also pointed to ’! First-Generation stations 's the latest news from the growing Chinese electric vehicle sector news + geely adopt '... The largest network of gasoline service stations in more Sinopec gas stations. ” strategic cooperation agreement with Sinopec the. Has a, Some posts on Wccftech.com may contain affiliate links manufacturer continues to receive major endorsements Wall... A reality. `` may be Partly Set in Japan, Scenes from Trailer Leak via…Pencil?... Has no position in any of the stocks mentioned, Weilai will also reach a strategic cooperation agreement with nears! + geely adopt nios ' battery Swap stations in more Sinopec gas stations. ” is close to a...

From The Rough, The French Connection Quotes, Jason Aldean Cars, Apollo Bay Hotel Menu, March Kanni Rasi Palan 2021, Muhammad Hasnain Fastest Ball, Galen Weston Companies, Raymarine Quantum 2 Bundle, Heavy Horses Meaning,