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Alibaba sues US Department of Defense for branding it a 'Chinese military company'
Reuters49d agoneutral
Alibaba sues US Department of Defense for branding it a 'Chinese military company'

Chinese tech and e-commerce giant Alibaba sued ‌the U.S. Department of ‌Defense for designations including saying it was ​a "Chinese military company," according to a court filing on Tuesday. "The determinations have no basis in ‌fact or law," ⁠Alibaba said in its lawsuit. "Alibaba is governed by ⁠an independent board, none of whom has any military affiliation."

WuXi AppTec files complaint against US DoD for linking it to Chinese military
Reuters61d agoneutral
WuXi AppTec files complaint against US DoD for linking it to Chinese military

WuXi AppTec said on Thursday it has filed a complaint at ‌a U.S. district court against the ‌Department of Defense for including the company in a ​list linked to the Chinese military. The drug developer is part of a list of Chinese companies that includes Alibaba, internet search provider Baidu, ‌and automakers BYD ⁠and NIO, which the United States believes are aiding Beijing's military. The list ⁠released on Monday includes a broad swathe of China's top technology firms key to advancing ​Beijing's military ​and industrial prowess, ​reflecting Washington's security concerns ‌amid intense geopolitical competition between the countries.

US says BYD, Baidu and Alibaba and other tech giants are aiding China's military
Reuters64d agoneutral
US says BYD, Baidu and Alibaba and other tech giants are aiding China's military

The U.S. on Monday issued an updated list of Chinese companies it believes are aiding Beijing's military, including e-commerce group Alibaba, Internet search provider Baidu and automaker BYD. The long-awaited update supersedes ‌a list from early 2025, and comes less than a month after President Donald Trump met China's Xi Jinping on a ‌visit to Beijing, where the two leaders maintained a delicate trade war truce. In February, when Trump's trip to China had been pending, the Pentagon briefly posted an updated list, known ​as the 1260H or CMC list, but then quickly withdrew it with little explanation.

Ferrari reverses after controversial EV announcement
TheStreet77d agoneutral
Ferrari reverses after controversial EV announcement

U.S. car manufacturers have learned a valuable lesson about electric vehicles over the past couple of years: American consumers don't like expensive EVs. That's why Ford is still pushing hard for EVs despite the $19.5 billion in losses it was recently forced to write down in its electric vehicle ...

Musk’s Latest Venture Gives Space Stocks Their Own Tesla Surge
Bloomberg81d agobullish
Musk’s Latest Venture Gives Space Stocks Their Own Tesla Surge

(Bloomberg) -- With the highly-anticipated debut of SpaceX on the US stock market around the corner, euphoria for Elon Musk’s rocket venture is drawing comparisons to Tesla Inc.’s effect on electric-vehicle stocks. Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Permanent Hormuz Toll SystemModi’s Toffee Gift to Mel

NIO Q1 Earnings Call Highlights
MarketBeat82d agoneutral
NIO Q1 Earnings Call Highlights

NIO (NYSE:NIO) reported sharply higher first-quarter deliveries and revenue, with management pointing to stronger margins, a broader product cycle and continued investment in battery-electric vehicle technology as key themes for 2026. On the company’s earnings call, William Li, NIO’s founder, chair

Nio (NIO) Q1 2026 Earnings Call Transcript
Motley Fool82d agoneutral
Nio (NIO) Q1 2026 Earnings Call Transcript

Bin Li: [Interpreted] Hello, everyone, and thank you for joining NIO Inc.'s 2026 Q1 earnings call. Breaking it down by brand, NIO brand delivered 58,543 vehicles, maintaining its leadership in China's BEV segment priced above RMB 300,000. The ONVO brand delivered 13,339 vehicles, continuing to unlock its growth potential.

Investing.com82d agobullish
NIO stock jumps as Q1 earnings, revenue outlook trump estimates

Investing.com -- NIO shares rose more than 5% in U.S. premarket trading Thursday after the Chinese electric vehicle maker reported better-than-expected earnings for the first quarter, and provided second-quarter revenue outlook that also trumped estimates.

NIO Back in Red Despite Robust First-Quarter Sales
The Wall Street Journal82d agoneutral
NIO Back in Red Despite Robust First-Quarter Sales

Chinese EV maker NIO’s sales doubled in the first quarter, but that wasn’t enough to stop it from returning to a net loss after posting its first-ever profit at the end of last year.

NIO stock faces a big test ahead of earnings
TheStreet89d agoneutral
NIO stock faces a big test ahead of earnings

Nio, Inc. (NIO) heads into its next earnings report with one important question already answered, as the Chinese electric vehicle maker delivered more cars in the first quarter than it originally told investors to expect. The harder question for Nio investors is whether that delivery momentum can ...

5 Companies Are Betting on Trump’s China Pivot. Here’s Who’s Best Positioned.
24/7 Wall St.89d agoneutral
5 Companies Are Betting on Trump’s China Pivot. Here’s Who’s Best Positioned.

President Trump’s posture toward China has whipsawed markets for over a year, with prediction markets confirming tariffs escalated from 10% to 40% to 100% between February and June of last year. Any thaw in that relationship, whether through tariff relief, eased chip export rules, or restored market access, would flow straight into the income statements ... 5 Companies Are Betting on Trump’s China Pivot. Here’s Who’s Best Positioned.

indie Semiconductor Q1 Earnings Call Highlights
MarketBeat96d agoneutral
indie Semiconductor Q1 Earnings Call Highlights

indie Semiconductor (NASDAQ:INDI) reported first-quarter 2026 revenue of $55.5 million, topping the midpoint of its prior outlook by about $0.5 million and increasing roughly 3% year-over-year, as the automotive chip supplier cited improving market conditions and continued demand for higher semicond