Nio (NYSE:NIO) stock is down 1.2% this morning after the Chinese electric vehicle (EV) maker launched the first vehicle in its new, low-cost Onvo brand on Wednesday. Indeed, Nio unveiled the Onvo L60 SUV, intended to rival Tesla’s (NASDAQ:TSLA) best-selling Model Y SUV and Toyota’s (NASDAQ:TM) RAV4.The Onvo L60 will start at $30,476 (219,900 yuan), about 12% less than the Model Y. It is also more spacious and uses 10% fewer materials than Tesla’s offering. Nio will begin delivering the L60 in September.“RAV ...

In what might finally be a break that Nio (NYSE: NIO) so desperately needed along with the broader EV industry, the sentiment shifts as we delve deeper into Q2. A historically better yearly period for automakers begins.In a trend that has become spread across the EV maker industry, NIO stock has seen its value decline gradually since the beginning of 2024 by 37%, only for the sentiment to shift in the last month, with NIO shares gaining almost 40% value, causing Wall Street to rethink their price targets ag ...

On May 13, Chinese EV company Nio (NYSE:NIO) stock popped as the company announced the launch of its lower-priced brand, Onvo, on May 15. The first model, the L60, a “family-centric” crossover priced at around $34,600, will compete with Tesla’s (NASDAQ:TSLA) Model Y.Nio sells upscale EV models in Europe, but it’s still being determined if the L60 or other Onvo models will be available outside China. The company will announce its Q1 2024 earnings before May end or June starts.500,000 Production Milestone and ...

Speaking at the Qatar Economic Forum on May 14, billionaire investor Ken Griffin lambasted Joe Biden’s policy of putting tariffs on Chinese EVs, suggesting that the move would hurt American consumers. Nio (NYSE:NIO) stock gained more than 6% on the news. Griffin argues that the Biden administration’s policy is bad for America because it will reduce the number of low-cost, high-quality Chinese EVs consumers here can buy, slowing Biden’s desire to move toward low-emission energy. While I don’t think there’s a ...

Nio (NYSE: NIO) stock price has crashed hard this year as the electric vehicle industry has become a toxic wasteland. It has tumbled by over 41.2% this year and by over 92% from its highest level in 2021. Other Chinese EV companies like Li Auto and XPeng have also tumbled. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Nio faces many challenges aheadCopy link to sectionNio’s stock price has crashed hard in the past few years as the industry has faced ...

Ai Tiecheng, Senior Vice President of NIO and President of ONVO, speaks during the press conference of ONVO, NIO's new subsidiary brand, on May 15, 2024 in Shanghai, China. NIO launches its second brand ONVO and its first model L60 on May 15.SHANGHAI — Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li told reporters Thursday.The company will still focus on China, and will persist in its initial aspiration to be a global company ...

Nio stock may not be worth buying, but it's also too risky to short.Good news for Nio (NIO -7.95%) shareholders! For three long months, investment bank J.P. Morgan said the Chinese electric vehicle (EV) maker's stock was a sell. But no longer.On Wednesday, the bank's investment firm relented and removed its sell rating from Nio, upgrading the EV stock to neutral and setting its price target at $5.40 per share. That price implies an upside of just 2% on the current $5.32. Is Nio stock a buy?Remember, JPMorga ...

It’s a big day for Nio (NYSE:NIO), as the Chinese electric vehicle (EV) company has officially launched its new, affordable Onvo brand in competition with Tesla (NASDAQ:TSLA) and Toyota (NYSE:TM). Onvo’s first vehicle, the L60 SUV, carries a starting price tag of $30,500 for the 60 kWh model and will compete with Tesla’s Model Y, which is priced 12% higher, and Toyota’s popular RAV4. Despite this big launch, NIO stock is down 9% today.Nio CEO William Li had this to say about the launch:“RAV4 and Model Y wer ...

In this article9866-HKChinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y.Deliveries for Onvo's first car, the L60 SUV, are set to begin in September, the company said. Pre-sales began after Wednesday's launch event.Nio CEO William Li said he expec ...

Nio (NYSE:NIO) stock may be falling today, but the company has just received some good news. JPMorgan has removed its bear rating on the Chinese electric vehicle (EV) producer. The financial institution moved its rating for NIO stock from “underweight” to “neutral,” demonstrating that it believes the company is improving. Analyst Nick Lai has stated that he sees Nio benefitting from its foray into the EV battery space, as well as policies from China’s government aimed at spurring EV demand. As Wall Street s ...