Car News-Global and Domestic

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NewcastleFalcon
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Re: Car News-Global and Domestic

Post by NewcastleFalcon »

Almost forgot "Stellantis-Vauxhall" with their versions of the above...

Vauxhall cuts pricing of Combo-e Life and Vivaro-e Life Combi models

REgards Neil
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NewcastleFalcon
Posts: 17641
Joined: 25 Feb 2009, 11:40
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Re: Car News-Global and Domestic

Post by NewcastleFalcon »

News about NIO

NIO expands US headquarters as North American launch begins to feel more and more likely

The usual set of polarised comments followed.
"Wait, shouldn't we force NIO to enter into a joint venture with an American company before we allow NIO to enter the U.S market?"

"Tesla isn't in a joint venture with anybody in China, nor is there any requirement for any auto company whether ICE or EV to be in a JV to enter the Chinese market this year. Besides, NIO is a bunch of american shareholders with some factories in china, just like Apple, GM, and some other USA companies.
IN the global world of investments, could well be true but following their offering on the New York Stock Market the top 3 NIO shareholders were
https://www.investopedia.com/news/top-3 ... %20Oct.%20
William Li the founder and CEO of the electric vehicle start-up, as its biggest shareholder owning 148.6 million shares or a 14.5% stake immediately after the offering.

Tencent Holdings Ltd. held 137.2 million shares immediately after the offering, which translates to a 13.4% stake.

Baillie Gifford In a filing with the Securities and Exchange Commission on Oct. 9, Baillie Gifford, the second-largest holder of Tesla stock after Elon Musk, confirmed that it had acquired an 11.4% stake in NIO, bringing the total number of shares it owns to 85.3 million.
Surprising or not :?: An asset management/investment firm with a good old fashioned name Baillie Gifford, operating out of Auld Reekie since 1908 and founded by Colonel Augustus Baillie and the Carlyle Gifford, "own" a significant stake in both TESLA and NIO. So Chinese NIO are actually 11.4% UK Owned (on behalf of their clients who could come from anywhere in the world.)

Regards Neil