NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Eastern District of New York has approved the following announcement of a pending class action that may affect the rights of certain purchasers of American Depositary Shares of NIO, Inc. (NYSE: NIO): SUMMARY NOTICE OF PENDENCY OF CLASS ACTION This Notice May Affect Your Rights. Please Read It Carefully. This Notice was authorized by the United States District Court for the Eastern Dis ...

The latest trading session saw NIO Inc. (NIO) ending at $3.99, denoting no adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.89%. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 1.67%.Prior to today's trading, shares of the company had lost 7.21% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 7.27% and lagged the S&P 500's gain of 2.17% in that time.Analysts and investors alike wil ...

SHANGHAI, Aug. 22, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will report its unaudited financial results for the second quarter 2024 on Thursday, September 5, 2024, before the open of the U.S. markets. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 5, 2024 (8:00 PM Beijing/Hong Kong/Singapore Time o ...

NIO Inc. (NIO) , the Chinese electric vehicle (EV) maker, hosted its highly anticipated Power Up 2024 event in Wuhan yesterday. The event showcased the company’s ambitious plans to expand its charging and battery swap infrastructure across China.Despite the positive news from the Power Up event, NIO’s stock suffered (declining more than 5% yesterday) due to broader market challenges in China. The central bank's decision to keep interest rates unchanged despite the need for additional stimulus has cast a sha ...

A Nio electric car uses one of the company's battery swap stations on Nov. 13, 2023, in Taicang, Jiangsu province of China.BEIJING — Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China's 2,844 counties by the end of June 2025.The company also announced plans to expand its battery swap stations to more than 2,300 of China's counties by the end of 2025. Nio aims to start reaching the remainder of counties with power swaps in 2026, although it did n ...

A general view is showing 70 models from Tesla, Audi, Hongqi, SAIC Volkswagen, and Jiyue Nio on ... [+] display during the Auto Shopping Festival at Auto Bazaar in Jiading, Shanghai, on August 4, 2024, to attract new car buyers. (Photo by Ying Tang/NurPhoto via Getty Images)NurPhoto via Getty ImagesChinese luxury electric vehicle maker Nio stock has declined by close to 59% year-to-date. This compares to rival Xpeng stock, down by 52% over the same period. The sell-off comes despite Nio’s relatively strong ...

Michael Vi/iStock Editorial via Getty Images The EV space has faced a tough year or so, causing investors to forget the difficulties of building a new brand. NIO, Inc. (NYSE:NIO) is a prime example of a Chinese EV company beaten down, yet the company is coming off their most successful delivery period. My investment thesis remains Bullish on the stock, with the lower valuation and signs of a bottoming process coming to an end soon. Source: Finviz Big Quarter Ahead NIO recently reported July vehicle deli ...

Andy FengInvestment thesis My previous bearish thesis about NIO's (NYSE:NIO) stock aged well, as the stock lost around 9% of its value since late April. I think that there are no reasons to be less pessimistic about NIO as the company's fundamentals keep falling apart. The company continues to burn cash, which means more dilution to the shareholders' value in the nearest future. The company is rapidly losing its market share and the sustainability of its business model is questionable. NIO appears to be ...

When it comes to competitive advantages in the EV industry, few have the potential of NIO.NIO (NIO -1.05%), a leading Chinese electric vehicle (EV) manufacturer, is putting a smile on investors' faces as the company is hitting two birds with one stone. The company is succeeding where rivals have failed, and at the same time it's creating a valuable competitive advantage in the world's largest electric vehicle market, China. Let's dive into NIO's recent battery swap milestone, and why it's so important for i ...

In the latest trading session, NIO Inc. (NIO) closed at $3.78, marking a -1.05% move from the previous day. This change lagged the S&P 500's 0.47% gain on the day. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.51%.Heading into today, shares of the company had lost 18.38% over the past month, lagging the Auto-Tires-Trucks sector's loss of 16.71% and the S&P 500's loss of 4.45% in that time.The investment community will be closely monitoring the performance of NIO Inc. in its fo ...