Its electric vehicles apply NAD (NIO Autonomous Driving) technology, including super computing platform NIO Adam and super sensing system NIO Aquila. The Company is also engaged in the provision of charging piles, vehicle internet connection services and extended lifetime warranties. The Company mainly conducts its businesses in the domestic market. The company sold more plug-in hybrid electric vehicles than battery-electric cars in July. Nio’s (NIO) American Depositary Receipts (ADRs) jumped Monday after the Chinese electric vehicle (EV) maker reported a second-straight month of record deliveries. According to 12 analysts, the average rating for NIO stock is “Buy.” The 12-month stock price forecast is $8.03, which is an increase of 108.03% from the latest price.
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- Its electric vehicles apply NAD (NIO Autonomous Driving) technology, including super computing platform NIO Adam and super sensing system NIO Aquila.
- This compares to rival Xpeng stock which is down by 46% over the same period.
- The economist also reportedly downgraded his fourth-quarter economic growth outlook to approximately 3.5% from a prior range of 4% to 4.5%.
Nio is scheduled to report its third-quarter financial results before the market opens on Thursday. The company is expected to report a net loss of 16 cents per share on quarterly revenue of $1.79 billion, according to Benzinga Pro. Shares of Nio Inc. charged higher Monday, as the China-based electric-vehicle maker and its peers reported upbeat EV-delivery data for June and the second quarter. Chinese luxury electric vehicle maker Nio stock, has declined by about 47% year-to-date. This compares to rival Xpeng stock which is down by 29% over the same period.
Electric (Alternative) Vehicles
And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Nio has successfully built its premium brand image, which will differentiate the company from its mass-market competitors and generate extra pricing power for the company’s electric cars. Chinese automakers are expected to continue to rapidly expand outside of China to achieve 33% of global automotive market share by 2030, according to consulting firm AlixPartners. China-based electric automaker Nio said on Friday Steven Wei Feng has stepped down as its chief financial officer, effective immediately, citing personal reasons. Shares of electric-vehicle maker Nio Inc. pulled back sharply Friday in the wake of the European Union’s decision to impose higher tariffs on EVs imported from China. U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining more than 150 points on Friday.
Nio’s stock gains after delivery data, as other electric-vehicle makers rally
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. The spike in cases weighed on stocks in Hong Kong on Wednesday, with the benchmark Hang Seng declining by more than 1%. The economist also reportedly downgraded his fourth-quarter economic growth outlook to approximately 3.5% from a prior range of 4% to 4.5%. NIO Inc NIO shares are trading lower Wednesday as COVID-19 cases surge in Guangzhou and other Chinese cities. We’d like to share more about how we work and what drives our day-to-day business. NIO, Li Auto, and XPeng delivered a combined 196,161 EVs in the second quarter of 2024.
Chinese automakers expected to achieve 33% global market share by 2030
Hong Kong-listed shares of Xpeng lost as much as 5.74% while Nio’s stock tumbled 5.26% on Wednesday. Electric vehicle stocks are not doing well in 2024, with most of them being down by double digits. Tesla (TSLA) has dropped by 11% this year while other American and Chinese names like Lucid, Faraday …
NIO Inc is a China-based holding company principally engaged in the research, development and manufacturing of premium smart electric vehicles. The Company is mainly engaged in the design, development, manufacture and sales of high-end smart electric vehicles. The Company’s products mainly include ES8, ES6, EC6 and ET7. The Company develops battery swapping technologies and autonomous driving technologies.
Chinese luxury electric vehicle maker Nio stock, has declined by about 55% year-to-date. This compares to rival Xpeng stock which is down by 46% over the same period. Geely-owned Zeekr delivered 20,106 cars last month, bringing year-to-date deliveries to 87,870 vehicles.
Companies are now coping with a continued slowdown in demand, increased trade tensions between the U.S. and China, and threats from former President Donald Trump to remove subsidies. The stock was down 11.6% at $9.34 at time of publication, according to Benzinga Pro.
That’s slightly more than Nio’s 87,426 deliveries for the first six months of 2024. The U.S.-listed shares of China-based companies took a broad hit Monday after data showed that China’s economy grew at a weaker rate than expected in the second quarter. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.