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NIO LATEST HEADLINES
Electric vehicle (EV) stocks are suffering today after Morgan Stanley downgraded Rivian Automotive (RIVN) to "equal weight.
NIO's 2Q24 deliveries surged 91% QoQ and 144% YoY, driven by a refreshed EV line-up and strong Chinese demand, boosting investor confidence. Margins improved to 12.2%, up 300 basis points QoQ and 600 basis points YoY, despite ongoing losses, indicating positive profitability trends. NIO's new low-price EV brand, Onvo, aims to compete with Tesla's Model Y, potentially accelerating sales growth and enhancing valuation.
Zacks.com users have recently been watching NIO (NIO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Nio's stock was surging Tuesday, as investors in the China-based electric vehicle maker cheered the stimulus measures China's central back implemented to try to jump start the sagging economy.
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Monday.
Rivian and Nio have faced several headwinds lately. Rivian has the needed capital and a plan to offer an EV product for mainstream consumers.
Nio has a plan to use a technology advantage to gain further traction in the Chinese EV market. Nio's next new factory won't be for EVs, but it will go a long way toward advancing its brand.
The EV landscape is heating up, and three key players — Tesla Inc TSLA, Nio Inc – ADR NIO and XPeng Inc – ADR XPEV — are battling for dominance. But who's winning the race?
William Li, CEO of the Chinese electric vehicle brand, outlines the company's rationale for rolling out Onvo and Firefly.
Much like the vast majority of its peers in 2024, the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) has been experiencing significant pressure since the start of the year.