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Two China-based electric vehicle (EV) names are in the spotlight today following their May delivery numbers.
Welcome to the Green Stock News brief for Monday June 2nd. Here are today's top headlines: Li Auto (NASDAQ: LI) delivered 40,000 vehicles in May, a 16% increase year-over-year, bringing its total cumulative deliveries to over 1.3 million.
SHANGHAI, June 01, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its May 2025 delivery results.
China-based EV company NIO Inc. NIO is slated to release first-quarter 2025 results on June 3, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a loss of 22 cents a share on revenues of $1.71 billion.
Nio is the third-largest electric vehicle company in China and the first to pioneer swappable battery packs.
An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world's largest car market.
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.
China's leading EV maker BYD announced price cuts to many of its models over the weekend, triggering fears of an intensifying price war.
NIO and Tesla face challenges, but one seems better placed now. We break down what drives each and which EV stock deserves your attention today.
Nio stock price retreated in Hong Kong as investors expressed concerns about the intensifying competition in China's electric vehicle industry. The stock dropped to a low of H$29.15, its lowest level since April 23, and 52% below the highest point in 2024.