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NIO Inc. (NIO) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-01-11 23:48
The most recent trading session ended with NIO Inc. (NIO) standing at $7.40, reflecting a -0.13% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 0.07% for the day.The company's shares have seen a decrease of 0.27% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 1.59% and the S&P 500's gain of 3.98%.Analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings dis ...
The Year of NIO: Why 2024 Could Be a Gamechanger for the EV Giant
InvestorPlace· 2024-01-11 16:23
China-based Nio (NYSE:NIO) emerges as a standout value in 2024, despite ongoing losses—a common trend among EV manufacturers. Analysts project profitability by 2026. This will have important implications for NIO stock.As the leading Chinese EV manufacturer, experienced a significant stock boost following a substantial $2.2 billion investment from CYVN Holdings. Market confidence soared, with NIO delivering 18,012 vehicles in December 2023, reflecting a robust 13.9% year-over-year growth, showcasing strength ...
NIO Stock Pops on Announcement of Strategic Battery Swap Partnerships
InvestorPlace· 2024-01-11 16:07
Shares of Chinese electric vehicle (EV) manufacturer Nio (NYSE:NIO) popped higher Thursday early morning before engaging in choppy trading. Earlier, management announced that it entered into strategic partnerships involving battery swaps with multiple enterprises. Fundamentally, the move bodes well for consumer convenience. However, such a directive also carries risks for NIO stock.According to a Seeking Alpha report, Nio’s partnership agreement involves Wenergy Group, Anhui Transportation Holding Group, JA ...
Where Will Nio Stock Be in 3 Years?
The Motley Fool· 2024-01-09 10:24
With share prices down 26% over the last 12 months, Nio (NIO -1.61%) stock hasn't been a very rewarding investment -- especially compared to popular electric vehicle (EV) maker Tesla, which more than doubled in the same period. With that said, the Chinese company boasts an impressive growth rate and several key innovations to help set it apart from the competition. Let's explore what the next three years could bring. What is Nio's niche?The Chinese EV market is competitive, and automakers must offer a uniqu ...
Why Is NIO Stock Down Today?
InvestorPlace· 2024-01-08 16:00
Shares of Nio (NYSE:NIO) stock are sliding lower today, although the decline isn’t due to any company-specific news. In fact, shares of the electric vehicle (EV) company are falling due to general weakness in the Chinese market.Today, the CSI 300 Index, China’s mainland benchmark, closed lower by 1.3%, marking the lowest price level since February 2019. The index has yet to close in the green in 2024 and is now down by about 4% this year. Additionally, the index has been in a downtrend since February 2021.M ...
Nio Stock Was A Laggard In 2023. Will 2024 Be Better?
Forbes· 2024-01-04 13:00
A citizen is experiencing an ET5 car at a NIO electric car store in Shanghai, China, on March 19, ... [+] 2023. (Photo by Costfoto/NurPhoto via Getty Images)NurPhoto via Getty ImagesChinese luxury electric vehicle maker Nio stock delivered 18,012 vehicles for December, marking a 13.9% increase versus last year and a growth of 12.9% versus November. Nio likely benefited from higher sales of the updated ES6 SUV, which launched earlier in 2023, as well as a year-end sales promotion that included free battery s ...
Is Nio a Top EV Stock for 2024?
The Motley Fool· 2024-01-03 13:36
While some trends from 2023 may disappear, one that likely won't is the growing percentage of the global automobile fleet converting to electric vehicles (EVs). In the U.S., less than 10% of total automobile sales are now EVs. In China, that percentage is higher, with battery electric vehicles (BEVs) accounting for 25% of new sales in September 2023. This makes China a critical EV market for investors, and Nio (NIO -7.17%) is a company that often comes up when researching Chinese EV companies. With EVs slat ...
NIO Inc. Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026
Newsfilter· 2024-01-03 03:00
SHANGHAI, China, Jan. 03, 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 that it is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No. 62914VAE6) (the "Notes") that pursuant to the Indenture dated as of January 15, 2021 (the "Indenture") relating to the Notes by and between the Company and The Deutsche Bank Trust Company Americas, as trustee, ...
NIO: Time To Be Bullish (Rating Upgrade)
Seeking Alpha· 2024-01-02 06:48
Andy Feng Investment thesis My previous bearish thesis about NIO (NYSE:NIO) aged well, as the stock's performance has significantly lagged behind the broader U.S. market since early October. I doubted NIO's ability to meet its long-term growth projections due to unstable deliveries in the first nine months of 2023. However, the latest Q4 delivery data suggest that NIO is gaining strong momentum, and its last quarter's strong delivery numbers will likely lead to the upgrade in Q4 earnings consensus estim ...
NIO Inc. Provides December, Fourth Quarter and Full Year 2023 Delivery Update
Newsfilter· 2024-01-01 09:30
NIO delivered 18,012 vehicles in December 2023, increasing by 13.9% year-over-yearNIO delivered 50,045 vehicles in the three months ended December 2023, increasing by 25.0% year-over-yearNIO delivered 160,038 vehicles in 2023 in total, increasing by 30.7% year-over-yearCumulative deliveries of NIO vehicles reached 449,594 as of December 31, 2023 SHANGHAI, China, Jan. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the prem ...