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KappaMusen
11-25
Nice. Music streaming still remains cheap today. Can definitely increase prices.
Spotify to Raise US Prices in First Quarter of Next Year
KappaMusen
03-21
Burning more cash! Can't make a profit
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Music streaming still remains cheap today. Can definitely increase prices.","listText":"Nice. Music streaming still remains cheap today. Can definitely increase prices.","text":"Nice. Music streaming still remains cheap today. Can definitely increase prices.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/503998670950696","repostId":"1150417442","repostType":2,"repost":{"id":"1150417442","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1764069412,"share":"https://ttm.financial/m/news/1150417442?lang=en_US&edition=fundamental","pubTime":"2025-11-25 19:16","market":"us","language":"en","title":"Spotify to Raise US Prices in First Quarter of Next Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1150417442","media":"Tiger Newspress","summary":"$Spotify Technology S.A.(SPOT)$ is preparing to raise US subscription prices in the first quarter of next year, according to three people familiar with the matter.U.S.-listed shares of the company...","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SPOT\">Spotify Technology S.A.</a> is preparing to raise US subscription prices in the first quarter of next year, according to three people familiar with the matter.</p><p>U.S.-listed shares of the company rose 4% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/451a6d79e18592e8342458ef395e12e4\" tg-width=\"356\" tg-height=\"108\"/></p><p>The price rise in its largest market will come as Spotify pushes to show sustained profitability. 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Spotify declined to comment.</p><p>The major record labels have been pressing Spotify, Apple Music and other music-streaming platforms to increase their fees, arguing prices have lagged inflation and subscriptions remain cheap compared with video services such as Netflix. </p><p>A US Spotify subscription costs $11.99 a month, compared with $9.99 when it launched in the country 14 years ago. </p><p>The move comes as a decade-long growth spurt in the music industry slows. 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Its share price has jumped more than 30 per cent this year, compared with the broader S&P 500 index’s increase of about 14 per cent. </p><p>Spotify has increased prices in several other countries in recent months, including the UK, Switzerland and Australia, but it will be the first price rise in the US since July 2024.</p><p>Wall Street analysts have framed a US price increase as critical to Spotify’s stock.</p><p>“Questions around the timing of the potential US pricing step-ups . . . have taken a toll on sentiment,” Deutsche Bank analysts wrote last month. </p><p>JPMorgan analysts have projected a $1-a-month US price rise would boost Spotify’s annual revenue by $500mn. Spotify declined to comment.</p><p>The major record labels have been pressing Spotify, Apple Music and other music-streaming platforms to increase their fees, arguing prices have lagged inflation and subscriptions remain cheap compared with video services such as Netflix. </p><p>A US Spotify subscription costs $11.99 a month, compared with $9.99 when it launched in the country 14 years ago. </p><p>The move comes as a decade-long growth spurt in the music industry slows. Global revenue growth in the sector halved last year, according to the IFPI trade group.</p><p>When asked about US pricing on an earnings call this month, incoming co-chief executive Alex Norström told analysts: “We will act when the time is right for each specific market, and we’ll do it at the appropriate price based on those market dynamics.”</p><p>In September, Spotify chief executive Daniel Ek said he would step down and become executive chair of the company he co-founded two decades ago.</p><p>At the start of next year, he will hand over the chief executive role to two top lieutenants, Norström and Gustav Söderström.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPOT":"Spotify Technology S.A."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150417442","content_text":"Spotify Technology S.A. is preparing to raise US subscription prices in the first quarter of next year, according to three people familiar with the matter.U.S.-listed shares of the company rose 4% in premarket trading.The price rise in its largest market will come as Spotify pushes to show sustained profitability. Its share price has jumped more than 30 per cent this year, compared with the broader S&P 500 index’s increase of about 14 per cent. Spotify has increased prices in several other countries in recent months, including the UK, Switzerland and Australia, but it will be the first price rise in the US since July 2024.Wall Street analysts have framed a US price increase as critical to Spotify’s stock.“Questions around the timing of the potential US pricing step-ups . . . have taken a toll on sentiment,” Deutsche Bank analysts wrote last month. JPMorgan analysts have projected a $1-a-month US price rise would boost Spotify’s annual revenue by $500mn. Spotify declined to comment.The major record labels have been pressing Spotify, Apple Music and other music-streaming platforms to increase their fees, arguing prices have lagged inflation and subscriptions remain cheap compared with video services such as Netflix. A US Spotify subscription costs $11.99 a month, compared with $9.99 when it launched in the country 14 years ago. The move comes as a decade-long growth spurt in the music industry slows. Global revenue growth in the sector halved last year, according to the IFPI trade group.When asked about US pricing on an earnings call this month, incoming co-chief executive Alex Norström told analysts: “We will act when the time is right for each specific market, and we’ll do it at the appropriate price based on those market dynamics.”In September, Spotify chief executive Daniel Ek said he would step down and become executive chair of the company he co-founded two decades ago.At the start of next year, he will hand over the chief executive role to two top lieutenants, Norström and Gustav Söderström.","news_type":1,"symbols_score_info":{"SPOT":2}},"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":415916076179888,"gmtCreate":1742549904459,"gmtModify":1742552636382,"author":{"id":"4105856584526950","authorId":"4105856584526950","name":"KappaMusen","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4105856584526950","idStr":"4105856584526950"},"themes":[],"htmlText":"Burning more cash! Can't make a profit ","listText":"Burning more cash! Can't make a profit ","text":"Burning more cash! Can't make a profit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/415916076179888","repostId":"1185145878","repostType":2,"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":503998670950696,"gmtCreate":1764069857825,"gmtModify":1764075902947,"author":{"id":"4105856584526950","authorId":"4105856584526950","name":"KappaMusen","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4105856584526950","idStr":"4105856584526950"},"themes":[],"title":"","htmlText":"Nice. Music streaming still remains cheap today. Can definitely increase prices.","listText":"Nice. Music streaming still remains cheap today. Can definitely increase prices.","text":"Nice. Music streaming still remains cheap today. Can definitely increase prices.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/503998670950696","repostId":"1150417442","repostType":2,"repost":{"id":"1150417442","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1764069412,"share":"https://ttm.financial/m/news/1150417442?lang=en_US&edition=fundamental","pubTime":"2025-11-25 19:16","market":"us","language":"en","title":"Spotify to Raise US Prices in First Quarter of Next Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1150417442","media":"Tiger Newspress","summary":"$Spotify Technology S.A.(SPOT)$ is preparing to raise US subscription prices in the first quarter of next year, according to three people familiar with the matter.U.S.-listed shares of the company...","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SPOT\">Spotify Technology S.A.</a> is preparing to raise US subscription prices in the first quarter of next year, according to three people familiar with the matter.</p><p>U.S.-listed shares of the company rose 4% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/451a6d79e18592e8342458ef395e12e4\" tg-width=\"356\" tg-height=\"108\"/></p><p>The price rise in its largest market will come as Spotify pushes to show sustained profitability. Its share price has jumped more than 30 per cent this year, compared with the broader S&P 500 index’s increase of about 14 per cent. </p><p>Spotify has increased prices in several other countries in recent months, including the UK, Switzerland and Australia, but it will be the first price rise in the US since July 2024.</p><p>Wall Street analysts have framed a US price increase as critical to Spotify’s stock.</p><p>“Questions around the timing of the potential US pricing step-ups . . . have taken a toll on sentiment,” Deutsche Bank analysts wrote last month. </p><p>JPMorgan analysts have projected a $1-a-month US price rise would boost Spotify’s annual revenue by $500mn. Spotify declined to comment.</p><p>The major record labels have been pressing Spotify, Apple Music and other music-streaming platforms to increase their fees, arguing prices have lagged inflation and subscriptions remain cheap compared with video services such as Netflix. </p><p>A US Spotify subscription costs $11.99 a month, compared with $9.99 when it launched in the country 14 years ago. </p><p>The move comes as a decade-long growth spurt in the music industry slows. Global revenue growth in the sector halved last year, according to the IFPI trade group.</p><p>When asked about US pricing on an earnings call this month, incoming co-chief executive Alex Norström told analysts: “We will act when the time is right for each specific market, and we’ll do it at the appropriate price based on those market dynamics.”</p><p>In September, Spotify chief executive Daniel Ek said he would step down and become executive chair of the company he co-founded two decades ago.</p><p>At the start of next year, he will hand over the chief executive role to two top lieutenants, Norström and Gustav Söderström.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spotify to Raise US Prices in First Quarter of Next Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpotify to Raise US Prices in First Quarter of Next Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-11-25 19:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SPOT\">Spotify Technology S.A.</a> is preparing to raise US subscription prices in the first quarter of next year, according to three people familiar with the matter.</p><p>U.S.-listed shares of the company rose 4% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/451a6d79e18592e8342458ef395e12e4\" tg-width=\"356\" tg-height=\"108\"/></p><p>The price rise in its largest market will come as Spotify pushes to show sustained profitability. Its share price has jumped more than 30 per cent this year, compared with the broader S&P 500 index’s increase of about 14 per cent. </p><p>Spotify has increased prices in several other countries in recent months, including the UK, Switzerland and Australia, but it will be the first price rise in the US since July 2024.</p><p>Wall Street analysts have framed a US price increase as critical to Spotify’s stock.</p><p>“Questions around the timing of the potential US pricing step-ups . . . have taken a toll on sentiment,” Deutsche Bank analysts wrote last month. </p><p>JPMorgan analysts have projected a $1-a-month US price rise would boost Spotify’s annual revenue by $500mn. Spotify declined to comment.</p><p>The major record labels have been pressing Spotify, Apple Music and other music-streaming platforms to increase their fees, arguing prices have lagged inflation and subscriptions remain cheap compared with video services such as Netflix. </p><p>A US Spotify subscription costs $11.99 a month, compared with $9.99 when it launched in the country 14 years ago. </p><p>The move comes as a decade-long growth spurt in the music industry slows. Global revenue growth in the sector halved last year, according to the IFPI trade group.</p><p>When asked about US pricing on an earnings call this month, incoming co-chief executive Alex Norström told analysts: “We will act when the time is right for each specific market, and we’ll do it at the appropriate price based on those market dynamics.”</p><p>In September, Spotify chief executive Daniel Ek said he would step down and become executive chair of the company he co-founded two decades ago.</p><p>At the start of next year, he will hand over the chief executive role to two top lieutenants, Norström and Gustav Söderström.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPOT":"Spotify Technology S.A."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150417442","content_text":"Spotify Technology S.A. is preparing to raise US subscription prices in the first quarter of next year, according to three people familiar with the matter.U.S.-listed shares of the company rose 4% in premarket trading.The price rise in its largest market will come as Spotify pushes to show sustained profitability. Its share price has jumped more than 30 per cent this year, compared with the broader S&P 500 index’s increase of about 14 per cent. Spotify has increased prices in several other countries in recent months, including the UK, Switzerland and Australia, but it will be the first price rise in the US since July 2024.Wall Street analysts have framed a US price increase as critical to Spotify’s stock.“Questions around the timing of the potential US pricing step-ups . . . have taken a toll on sentiment,” Deutsche Bank analysts wrote last month. JPMorgan analysts have projected a $1-a-month US price rise would boost Spotify’s annual revenue by $500mn. Spotify declined to comment.The major record labels have been pressing Spotify, Apple Music and other music-streaming platforms to increase their fees, arguing prices have lagged inflation and subscriptions remain cheap compared with video services such as Netflix. A US Spotify subscription costs $11.99 a month, compared with $9.99 when it launched in the country 14 years ago. The move comes as a decade-long growth spurt in the music industry slows. Global revenue growth in the sector halved last year, according to the IFPI trade group.When asked about US pricing on an earnings call this month, incoming co-chief executive Alex Norström told analysts: “We will act when the time is right for each specific market, and we’ll do it at the appropriate price based on those market dynamics.”In September, Spotify chief executive Daniel Ek said he would step down and become executive chair of the company he co-founded two decades ago.At the start of next year, he will hand over the chief executive role to two top lieutenants, Norström and Gustav Söderström.","news_type":1,"symbols_score_info":{"SPOT":2}},"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":415916076179888,"gmtCreate":1742549904459,"gmtModify":1742552636382,"author":{"id":"4105856584526950","authorId":"4105856584526950","name":"KappaMusen","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4105856584526950","idStr":"4105856584526950"},"themes":[],"htmlText":"Burning more cash! Can't make a profit ","listText":"Burning more cash! Can't make a profit ","text":"Burning more cash! Can't make a profit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/415916076179888","repostId":"1185145878","repostType":2,"repost":{"id":"1185145878","kind":"news","pubTimestamp":1742561547,"share":"https://ttm.financial/m/news/1185145878?lang=en_US&edition=fundamental","pubTime":"2025-03-21 20:52","market":"us","language":"en","title":"EV Maker Nio Flags Lackluster First Quarter, Pledges Cost Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=1185145878","media":"Bloomberg","summary":"Nio Inc. flagged first-quarter results likely to disappoint market watchers after finishing 2024 on a weak note.The Chinese company's American depositary receipts tumbled 7% to $4.39 ahead of the open","content":"<div>\n<p>Nio Inc. flagged first-quarter results likely to disappoint market watchers after finishing 2024 on a weak note.The Chinese company's American depositary receipts tumbled 7% to $4.39 ahead of the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-03-21/ev-maker-nio-flags-lackluster-first-quarter-pledges-cost-cuts\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Maker Nio Flags Lackluster First Quarter, Pledges Cost Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Maker Nio Flags Lackluster First Quarter, Pledges Cost Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-21 20:52 GMT+8 <a href=https://www.bloomberg.com/news/articles/2025-03-21/ev-maker-nio-flags-lackluster-first-quarter-pledges-cost-cuts><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio Inc. flagged first-quarter results likely to disappoint market watchers after finishing 2024 on a weak note.The Chinese company's American depositary receipts tumbled 7% to $4.39 ahead of the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-03-21/ev-maker-nio-flags-lackluster-first-quarter-pledges-cost-cuts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来","NIO.SI":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2025-03-21/ev-maker-nio-flags-lackluster-first-quarter-pledges-cost-cuts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185145878","content_text":"Nio Inc. flagged first-quarter results likely to disappoint market watchers after finishing 2024 on a weak note.The Chinese company's American depositary receipts tumbled 7% to $4.39 ahead of the opening bell.The Chinese electric vehicle maker now expects to deliver only as many as 43,000 cars in the three months that will end March 31 and report revenue of as much as 12.9 billion yuan ($1.8 billion), according to a statement Friday. That’s short of the around 65,000 units and 17.8 billion yuan the market was looking for.Nio Chief Financial Officer Stanley Qu pledged to “sharpen our focus on enhancing profitability by driving cost reductions through technological advancements.”After more than 10 years trying to crack China’s car market, Nio is still struggling. The Shanghai-based manufacturer, which was founded in 2014, is yet to break into the black on a full-year basis, due mainly to its high research and development expenses and large operational costs, including investments in battery-swapping stations.While the world’s largest battery manufacturer, Contemporary Amperex Technology Co. Ltd., earlier this week agreed to invest up to 2.5 billion yuan in building out a battery-swapping network across China in collaboration with Nio, the jury is out on whether consumers will ever fully embrace replacing whole cells as a viable way of recharging their electric cars.Nio has been the recipient of several other funding rounds as well. In September, it secured 3.3 billion yuan from a consortium of strategic investors including Hefei government-backed funds and in 2023, it got a $2.94 billion capital injection from Abu Dhabi’s CYVN Holdings.To broaden its appeal and increase sales, Nio has adopted a multi-brand strategy, introducing a mass-market offering, Onvo, and the even more budget friendly Firefly. It’s also undergoing an internal restructure and cutting staff. Local media reports have said that’s meant merging its mobile phone software team with its digital cockpit team, for example, to eliminate positions.Those efforts haven’t been fully realized yet. Nio’s net loss for the full year was 22.4 billion yuan, worse than analyst estimates for a 20.1 billion yuan deficit. CEO William Li has said he wants Nio to achieve profitability in 2026 and hit a target of doubling sales this year to around 440,000 vehicles.For the fourth-quarter ended Dec. 31, Nio reported a net loss of 7.1 billion yuan while revenue came in at 19.7 billion yuan. Its expectations for deliveries this quarter are well down on the 72,689 shipements it managed in the final three months of 2024.","news_type":1,"symbols_score_info":{"NIO":1.1,"09866":1.1,"NIO.SI":1.1}},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
