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According to reports, the company is also working on developing in-house chips for its ADAS system.The company click over here has managed to up its mindshare among consumers."Compelling evidence exists that consumers are increasingly perceiving Nio as a 'high-quality premium brand' with best-in-class technology and service," Deutsche Bank analyst Edison Yu said in a late September note.The company has made its cars affordable by introducing the Battery-as-a-Service scheme, which trims a significant amount from the list price.Nio is also eyeing global expansion and is reportedly building a separate team to work on the roadmap for exporting vehicles to Europe.Can Earnings Salvage The Stock? Nio is scheduled to report its fiscal-year third-quarter results next Tuesday before the market open. Analysts, on average, estimate a loss of 17 cents per share on revenues of $652.77 million.This represents a marked improvement from the loss of $2.38 per share and revenues of $262.47 million reported for the year-ago quarter.Nio's third-quarter deliveries jumped over 150% year-over-year to 12,206, marking a quarterly record. The strong momentum continued into October, with the company reporting a 100% increase in deliveries to a record of 5,055 units for the month.Valuation Stretched? The run-up seen since the second quarter has rendered Nio's valuation unattractive and unsustainable. For that matter, most EV stocks are showing frothiness and are in bubble territory.That said, Nio has shown discipline and proactiveness in improving its fundamentals and is operating in the sweet spot of a booming Chinese EV market.Fundamental performance in the months ahead will serve as a key to the stock's trajectory.See more from Benzinga * Click here for options trades from Benzinga * Nio, Li Auto Make Big Moves Following Xpeng's Q3 Results * Nio Unveils 100-kWh Battery, Upgrade Plans: What Investors Should Know(C) 2020 Benzinga does not provide investment advice. All rights reserved. Dalio Says Now Is ‘Special Moment’ for Markets as China Ascends (Bloomberg) -- Ray Dalio believes global markets are at a “very special moment,” with China on the rise and the relative power of the U.S.


Committee Chairman MK Jabareen opened the meeting and said, “Nearly nine months have passed since the first lockdown of the coronavirus crisis, and the committee continues to monitor the difficulties involved in distance learning, which stem from a shortage of [digital devices], as well as problems with internet infrastructures. The shortage creates huge gaps. According to the Education Ministry’s estimation, 150,000 [computers] are needed, while the committee heard from the bodies working in the field that 400,000 are needed. The education system has yet to return in orange and red communities, and it is possible that we are heading towards a third lockdown, so it is important that we make certain these children will be able to learn, and thus save the school year for them.” Schleicher, who took part in the meeting via video conference, said distance learning has become a “lifeline” for education systems around the world, but not all of the social needs have been addressed. Alongside interesting social and technological innovations the crisis has created, inequality has intensified, Schleicher explained. The crisis may not have created inequality, but it has certainly exacerbated it, he said. In Israel, Schleicher noted, there is a vast discrepancy between the grades of children from families in the highest income bracket and children from families in the lowest income bracket. “The average appears healthy, but the gaps and the lack of equality in learning are very big,” he said. Israel, like the U.S., also ranks low in the ability to adjust its resources to the needs, meaning that disadvantaged communities also get lower quality teachers, Schleicher explained. As for the pandemic, many schools in Israel, most of them located in disadvantaged communities, say they lack the means needed for distance learning, he said. In China, 90% of the teachers know how to use distance learning technology, but a wide gap is not necessarily the result of a lack of resources.