SHANGHAI, China, Feb. 07, 2024 (GLOBE NEWSWIRE) -- (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 Mr. Eddy Georges Skaf and Mr. Nicholas Paul Collins have been appointed as new directors by the Company's board of directors (the "Board"), with effect from February 7, 2024. In addition, Mr. James Gordon Mitchell has resigned as a director of the Company, effective February 7, 2024. Mr. Eddy Georges ...

Nio (NYSE:NIO) stock is up almost 10% today after Chinese regulators released a series of encouraging announcements meant to uplift investors amid the recent slowdown in Chinese equities. Indeed, Chinese stocks are up across the board after Central Huijin, a branch of China’s sovereign wealth fund, stated it would increase investments in exchange-traded funds (ETF). Additionally, the China Securities Regulatory Commission announced its plans to motivate institutional investors to hold common stock for longe ...

A NIO auto store is seen in Yantai, Shandong Province, China, on January 31, 2024. (Photo by ... [+] Costfoto/NurPhoto via Getty Images)NurPhoto via Getty ImagesChinese luxury electric vehicle maker Nio stock delivered 10,055 vehicles for January, marking an 18% increase from 8,506 a year ago although it was down almost 44% from 18,012 units delivered in December. While year-over-year sales growth was likely driven by higher sales of the updated ES6 SUV, which launched in early 2023, as well as year-end sal ...

Toyota (NYSE: TM) stock price has surged to a record high even as most EV companies like Tesla, Nio, and Xpeng are languishing. The shares have risen in the past two straight weeks and moved to its highest point on record, valuing the Japanese automaker at over $268 billion. They have soared by over 60% from their lowest level in 2022.Tesla, in contrast, has plunged by over 50% from its all-time high and over 25% this year. Other EV stocks like Nio, Xpeng, Lucid, and Rivian have also plunged, costing invest ...

Let’s be real. Chinese automaker Nio (NYSE:NIO) is not the biggest nor even the best electric vehicle (EV) company or stock on the market. It ranks ninth in market share in China, third-quarter car sales disappointed, and it’s relying upon government cash infusions to keep driving forward. Yet it’s not a complete disaster either. While I wouldn’t be backing up the truck here, a NIO stock analysis indicates risk-tolerant investors should keep an open mind.Nio’s sales are growing, albeit at a slower-than-hope ...

This week isn’t off to a great start for Nio (NYSE:NIO) stock, but the Chinese electric vehicle (EV) maker could have a positive catalyst on the horizon. Nio Capital, the investment firm that boasts Nio founder Li Bin as a partner, has secured a new influx of yuan. This new yuan-denominated fund exceeds 3 billion yuan, equating to roughly $416.8 million.Reuters reports that these new funds are earmarked to “invest in technologies in new energy vehicles, energy transition and smart manufacturing industries.” ...

NIO Inc. (NIO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -31.3%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Automotive - Foreign industry, which NIO Inc. falls in, has gained 3.6%. The key question now is: What could be the stock's future direction?While media releases or rumors a ...

Electric vehicle (EV) stocks have been under pressure for several months, and the start of the year just continued that trend. That was especially true for Chinese EV names Nio (NIO -2.98%), XPeng (XPEV -3.31%), and Li Auto (LI -2.78%). Over the past six months, those stocks are all down by between 39% and 64%.Returns in January contributed heavily to those declines. For the month Nio shares lost 38%, XPeng plunged 42.9%, and Li Auto lost 26%. according to data provided by S&P Global Market Intelligence.Rec ...

In the dynamic investment space, the allure of discovering hidden, affordable stocks with the potential for explosive growth is undeniable. Amidst the familiar giants, a trio of stocks, each trading under $15, are plotting their ascent to market prominence. These companies, though residing in disparate sectors—automobile, technology and finance—share a common trait. This is the potential for transformative growth by 2025.Picture this: a Chinese electric vehicle company, the first one, not merely keeping pac ...

The stock market hasn’t been kind to electric vehicle (EV) companies of late. Last year saw a significant slowdown in demand and sent several firms’ stocks spiraling, with Lucid (NASDAQ: LCID) perhaps being the most recognized thanks to the dubious honor of getting kicked off the Nasdaq 100 index.This year has, so far, proven to be just as bad as even Tesla (NASDAQ: TSLA), the major EV stock that stood its ground in 2023, entered into a downtrend.Given the overall trend, it doesn’t come as a surprise that t ...