NIO Stock Recent News
NIO LATEST HEADLINES
NIO's September deliveries included 832 units of the new ONVO-branded L60 SUV, indicating strong demand and potential for significant Q4 delivery growth. ONVO-branded deliveries immediately, after only 3 days of shipments, represented a 4% delivery share in September. NIO also secured a strategic equity investment of $0.5B from three Chinese investors, enhancing its financial stability amid high operating losses.
Nio has been on a roll for investors with its soaring stock price, and it just received a little more good news.
While NIO is currently riding on the massive China stimulus, new capital investment and record-breaking Q3 deliveries, the stock may not be a "Buy" just yet.
Persistent rise in selling and advertising expenses, and increasing operational costs weighed on electric vehicle (EV) manufacturer NIO Inc. NIO throughout the year. However, things are now looking brighter for the NIO stock amid increased investments, Chinese stimuli, and growing demand for its newest models.
Amid strong results for the past quarter, which saw NIO Inc. (NYSE: NIO) meet expectations and break its own records in terms of vehicle deliveries, the Chinese multinational automobile manufacturer is yet to sway Wall Street analysts in terms of their price targets for its stock in the next 12 months.
Stocks of Nio and other China-based EV makers extended their recent sharp gains Tuesday, after they reported record deliveries data.
This out-of-favor Chinese EV maker might be a good contrarian play.
Nio is partnering with UK artificial intelligence software startup Monolith to test and improve electric car battery packs in real-time using the Chinese EV maker's battery swapping service in Europe, the companies said on Tuesday.
NIO shares broke out of a long-term downtrend and are poised for significant near-term appreciation due to Chinese market revaluation and a new brand launch. NIO's growth is driven by increasing vehicle deliveries, battery-as-a-service plans, and international expansion, despite ongoing margin pressures and expected losses due to expansion costs. The Onvo sub-brand and battery-as-a-service subscription plans could become major value drivers, offering affordable vehicles and more predictable revenue streams.
NIO Inc. (NIO) has found new life following China's economic stimulus rollout and significant investments made into the company. Kevin Green warns enthusiasm on the stock can thin out, but notes short-term possibilities for investors.