After opening at $6.01, shares of China-based electric vehicle (EV) maker Nio Inc (NYSE:NIO) are 5.8% lower at $5.45 at last glance, brushing off a bull note at J.P. Morgan Securities. The analyst upgraded the EV stock to "neutral" from "underweight" and raised its price target to $5.40 from $4.80, citing the Chinese government's stimulus policy and Nio's newest battery as service (Baas) strategy as potential tailwinds.Also helping the stock move higher today, Nio today launched the L60 SUV in its Onvo unit ...

Nio Inc (NYSE: NIO) is pushing further to the upside in premarket on Wednesday after a JPMorgan analyst removed his bear rating from shares of the electric vehicles company. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Nio stock receives an upgradeCopy link to sectionNick Lai expects battery as a service (BAAS) strategy of the EV firm to be a meaningful tailwind for its share price.  He upgraded Nio stock this morning to “neutral” and said:By succe ...

Shares of Nio (NYSE:NIO) stock are down by about 35% both year-to-date (YTD) and year-over-year (YOY), and it appears that Scottish investment firm Baillie Gifford has had enough.Baillie has filed its first-quarter Form 13F ahead of the May 15 deadline, revealing a major reduction in its NIO stake. A 13F documents an institutional investor’s equity and option positions and must be filed each quarter.As of March 31, Baillie owned 18.90 million shares of Nio, down by a significant 83.5%, or 95.73 million shar ...

Apparently, meme stocks are back -- but Nio has had some actual good news for investors, too. Shares of Chinese electric-vehicle (EV) maker Nio (NIO 6.71%) were moving higher on Monday as investors revisited former meme stocks that enjoyed social media-powered surges earlier in this decade. But the company had recent good news of its own to report.As of 2:25 p.m. ET, Nio's American depositary shares were up about 6.7% from Friday's closing price.A "meme stock" surge follows strong deliveriesA slew of former ...

Shares of Nio (NYSE:NIO) stock are in the green following reports that President Joe Biden would move forward with a plan to enact or maintain tariffs on several Chinese sectors as soon as next week, including EVs, batteries, semiconductors and solar cells.Reuters noted that the administration is “expected to largely maintain existing levies,” while Bloomberg stated that Biden seeks to “target key strategic sectors with new levies while rejecting the across-the-board hikes sought by Donald Trump.” At the mo ...

Chinese electric vehicle manufacturer Nio (NYSE:NIO) sent a shot across the bow, a seeming message directed at sector leader Tesla (NASDAQ:TSLA). On May 15, Nio will launch a low-priced SUV designed to compete directly against the popular Tesla Model Y. Subsequently, NIO stock swung higher as the global war of attrition heated up.According to Cnevpost, Nio will launch a sub-brand called Onvo (or Ledao) in China. The debut coincides with the International Day of Families, which appropriately ties in with Onv ...

GRUENHEIDE, GERMANY - MARCH 25: In this aerial view newly completed Tesla Model Y electric cars ... [+] stand at the new Tesla Gigafactory electric car manufacturing plant on March 25, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, officially opened on March 22 with an event with German Chancellor Olaf Scholz and Tesla CEO Elon Musk. The new plant is producing the Model Y as well as electric car batteries. (Photo by Sean Gallup/Getty Images)Getty ImagesTh ...

BEIJING — Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15.The announcement comes amid a price war in China's highly competitive electric car market that's forced Tesla to cut prices. Xpeng, another EV startup, also plans to release a sub-brand called Mona in the next two or three months.Nio said the first Onvo model, the L60, will be a "family-centric smart BEV priced around RMB 250,000, in the same segment as Tesla Model Y." That's about $34,600.In ...

Nio (NYSE:NIO) stock is slumping 5% today despite a new deal with fellow Chinese car maker GAC to establish battery swap-enabled passenger cars and battery swap stations cross-compatible between both vehicle makes.Nio and GAC signed the strategic cooperation agreement earlier today, on May 8, in Guangzhou. GAC is headquartered in Guangzhou, China.“The cooperation will amplify the two companies’ respective strengths in technology and operations, and push forward the unification of battery standards and opera ...

This Is the World's Hottest Car Company Andrei Stanescu / iStock Editorial via Getty Images Very few Americans have heard of Nio Inc. (NYSE: NIO), which can count itself as one of the world’s most successful car companies. Its stock has been up 26% in the past month, while the S&P 500 has been flat.Nio is one of China’s dozen up-and-coming car companies. Smaller than rival BYD, it still has the advantage of operating in the world’s largest electric vehicle (EV) market.In April, Nio delivered 15,650 vehicl ...