After announcing that it would spin off its battery arm in December, Nio (NYSE:NIO) has secured a new deal for batteries for its new brand of affordable vehicles, according to Reuters. The electric vehicle (EV) company had previously expressed its intentions to outsource battery manufacturing. Despite this deal, NIO stock is down about 2.5% today.Nio has reportedly secured a battery deal with Chinese EV leader BYD (OTCMKTS:BYDDY) for its upcoming Onvo brand, or Ledao in Chinese. Onvo’s first vehicle, the L6 ...

Chinese electric vehicle maker Nio (NYSE:NIO) stock exploded higher last week, rising 25% on a surprisingly strong monthly delivery update. The EV maker said it had delivered 15,620 vehicles during April, a massive 134% increase over the year-ago figure. That brought its cumulative deliveries since starting to almost half a million EVs.However, investors should still use caution. This unexpected good fortune of the leading Chinese EV company just might be as good as it gets.A Surprising U-Turn for Nio Stock ...

Nio (NYSE:NIO) stock climbed a little over 2% Tuesday on news that the Chinese electric vehicle (EV) maker will show off its first mass-market car later this month.It appears Nio has Tesla (NASDAQ:TSLA) in its sights this year as it prepares to launch a new model under a new brand. Indeed, according to Nio Chief Executive William Li, the company’s newly-created sub-brand, Onvo, is intended to rival Tesla’s best-selling Model Y EV.“Nio is currently working on the launch of new car brands, that would be less ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

William Li, CEO of Nio Chinese multinational automobile manufacturer, stands next to Nio ET7 model ... [+] electric car during an AFP interview at the Beijing Auto Show in Beijing on April 25, 2024. (Photo by Pedro PARDO / AFP) (Photo by PEDRO PARDO/AFP via Getty Images)AFP via Getty ImagesThe American Depository Receipts of Nio, a Shanghai-based electric vehicle maker, just popped 20%, according to CNBC. Yet the ADRs trade a whopping 92% below their all-time high of $67.Does that make Nio shares a bargain? ...

Nio (NYSE: NIO) has faced challenges typical of the EV industry in 2024, including lower production and delivery numbers, leading the company to adjust its targets with the early months of 2024 were particularly tough for NIO stock, witnessing a 37.41% decline. However, the tide has turned in recent trading sessions, with a 30.45% gain for NIO shares in the past five days. This significant uptick was further boosted by an 11.65% increase after the latest market closure, which extended into pre-market tradin ...

Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April.Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over six weeks. Nio shares also helped boost the broader Hang Seng index, which jumped 2% by midday trading.Nio said it delivered 15,620 vehicles in April, a 13 ...

Nio hit its highest monthly vehicle-delivery mark of the year in April.Electric vehicle (EV) sales have been slowing around the world. EV makers have even been cutting prices in China, the world's largest EV market, to spur sales. But Nio (NIO 11.65%) just surprised investors with a strong month in April, and the stock is spiking as a result.Nio American depositary shares (ADS) were trading higher by 13.2% as of 3:32 p.m. ET after the report. That move has added to a strong rally seen in the shares over the ...

Beleaguered Chinese electric vehicle (EV) manufacturer Nio (NYSE:NIO) has finally given investors something to cheer about. Earlier today, management announced a large increase in April deliveries compared to the prior year. This news is helping lift many other EV stocks alongside Nio. However, NIO stock still faces broader challenges.According to a press release, Nio delivered 15,620 vehicles in April 2024, representing a 134.6% year-over-year (YOY) increase. The tally consisted of 8,817 premium smart elec ...

NIO delivered 15,620 vehicles in April 2024, increasing by 134.6% year-over-yearNIO delivered 45,673 vehicles year-to-date in 2024, increasing by 21.2% year-over-year Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024 SHANGHAI, China, May 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 April 2024 delivery results. NIO delivered 15,620 ve ...