The Nio logo is seen above the Nio stand at the Beijing Auto Show in Beijing on May 3, 2024. (Photo ... [+] by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)AFP via Getty ImagesChinese luxury electric vehicle maker Nio stock, has declined by about 55% year-to-date. This compares to rival Xpeng stock which is down by 46% over the same period. Nio posted a relatively strong set of monthly deliveries in July, shipping 20,498 vehicles, roughly flat versus last year, and down by about 3% sequential ...

Nio delivered more than 20,000 EVs for the third month in a row.American depositary shares of Chinese electric-vehicle (EV) maker Nio (NIO -8.56%) plunged Thursday after the company announced its July monthly delivery results. Those results weren't bad, but investors wanted more.Nio delivered about 20,500 EVs last month, marking the third straight month the company has surpassed the 20,000 unit delivery threshold. But it was still only about 2% higher than the year-ago period. Nio closed today's trading ses ...

China’s economic landscape is getting more and more complicated for electric vehicle (EV) producers. Most recently, government officials confirmed that the nation will not be issuing an additional round of stimulus for the second half of 2024. As a result, many companies are struggling in the market today, including prominent Chinese EV stocks.Many Chinese automakers are still recovering from a highly volatile July and so far, August isn’t off to a good start. Indeed, the outlook appears questionable at bes ...

Nio (NYSE:NIO) stock is falling lower after the Chinese electric vehicle (EV) company released its July delivery figures. Nio delivered 20,498 vehicles, up by 0.18% compared to 20,462 vehicles a year ago. Premium smart electric SUVs accounted for 11,964 of the deliveries while premium smart electric sedans tallied in at 8,534.Still, July marked the third consecutive month of 20,000-plus deliveries. In June, the company notched a record monthly high for deliveries at 21,209 vehicles.For 2024, Nio has now del ...

NIO delivered 20,498 vehicles in July 2024NIO delivered 107,924 vehicles year-to-date in 2024, increasing by 43.9% year-over-year Cumulative deliveries of NIO vehicles reached 557,518 as of July 31, 2024 SHANGHAI, Aug. 01, 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 its July 2024 delivery results. NIO delivered 20,498 vehicles in July 2024. The deliveries consisted ...

NIO delivered 20,498 vehicles in July 2024NIO delivered 107,924 vehicles year-to-date in 2024, increasing by 43.9% year-over-year Cumulative deliveries of NIO vehicles reached 557,518 as of July 31, 2024 SHANGHAI, Aug. 01, 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 its July 2024 delivery results. NIO delivered 20,498 vehicles in July 2024. The deliveries consisted ...

NIO Inc. (NIO) closed at $4.44 in the latest trading session, marking a +0.45% move from the prior day. This change lagged the S&P 500's 1.08% gain on the day. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 2.64%.Heading into today, shares of the company had lost 2.43% over the past month, lagging the Auto-Tires-Trucks sector's gain of 3.09% and the S&P 500's loss of 0.44% in that time.Investors will be eagerly watching for the performance of NIO Inc. i ...

China’s CSI 300 Index has been in a downtrend since February 2021. While the Chinese government has been hesitant to provide stimulus in the past, the country is running out of options to boost its economy. That could provide a helping hand to Nio (NYSE:NIO).Officials from China have suggested that consumer stimulus will be necessary in order to reach yearly economic growth targets. This comes amid a housing crisis and rampant deflation. Declining housing prices have especially affected consumer demand, as ...

Chinese electric-vehicle manufacturer Nio (NYSE:NIO) saw its shares struggle despite positive developments. Late last week, the company revealed in its Tech Day event how it was spending its research and development funds. In particular, an advanced computer chip designed specifically for autonomous driving generated headlines. Still, investors were skeptical on NIO stock on Monday.According to a TechNode report, the EV maker announced the world’s first five-nanometer chip for automated driving. Called the ...

Nio (NYSE:NIO) stock is trending up this morning on news that the company’s spinoff — the highly anticipated mass-market Onvo brand — has an official time table to launch. Indeed, the Onvo L60, the brand’s first model, is set to launch in late September. That’s slightly later than previous reports of a Sept. 10 release.The exact price of the L60 will be revealed at its launch event, Onvo President Ai Tiecheng said in a livestream on Thursday. This will also mark the first time customers will have the chance ...