NIO, Inc. stock traded lower on Monday. Weakness in the stock may be in anticipation of U.S. tariffs, expected to begin on Tuesday.
NIO stock is moving lower on Monday after Wall Street had its worst session of the year on Friday, fueled by concerns over the economy.
Nio launched its new lower-priced EV brand Onvo in May. The brand started selling its first vehicle - the Onvo L60 - in late September.
NIO reported Q3 revenue of 18.67 billion yuan, down 2.1% YoY but up 7.0% QoQ. Adjusted loss per share was (2.14) yuan. Deliveries were up and gross margin expanded. Company expects record Q4 deliveries and revenue growth. Stock down 45% YTD due to industry challenges and tariffs.
NIO shares rise ahead of Q3 results, as the company plans aggressive global expansion and reports strong demand for its Onvo L60 model.
China's EV giants XPeng and NIO to reveal third-quarter earnings this week. XPeng is bullish with AI and technical setup, while NIO faces bearish trend.
NIO Inc.'s stock is rising after the company reported strong demand for its Onvo L60 electric vehicle, reduced delivery times, and plans for international expansion, including entry into Azerbaijan.
XPeng unveils hybrid tech for weak charging areas, allowing for 870-mile range. Nio also reportedly working on a hybrid EV for overseas markets.
The hybrid model will not be available in China, where Nio will continue to offer only electric vehicles with swappable batteries.
Nio is set to release a new SUV model under its Onvo sub-brand sometime next year, though rumors are swirling that it could be sooner than expected.
NIO shares rise in premarket trading as the company partners with a Hungarian university to strengthen its European presence and advances its NOMI GPT digital cockpit technology.
While Nio took around 295 days to clear its receipts as of the end of 2023, XPeng took 221 days, Bloomberg reported.
Nio shares are climbing as China FAW reportedly joins Nio-led battery swap alliance, while Nio plans expansion and Li envisions future growth.
China's latest EV entrants are looking to take on Tesla Inc's market share within the country, with vehicles priced competitively against the American EV giant's best-selling EVs in the country.
A whale with a lot of money to spend has taken a noticeably bearish stance on NIO. Looking at options history for NIO (NYSE:NIO) we detected 10 strange trades.
NIO Inc (NYSE: NIO) shares are trading higher Monday following positive analyst coverage from Deutsche Bank and BofA.
Over the past 3 months, 5 analysts have published their opinion on NIO (NYSE:NIO) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Despite the trying geopolitical environment, Chinese EV maker Nio, Inc. (NYSE: NIO) is progressing with its production plans for its ET5 sedan.