Profile
Sector:
Consumer CyclicalIndustry:
Auto ManufacturersCountry:
ChinaIPO:
12 September 2018Website:
http://www.nio.comNext earnings report:
05 December 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:59:52 GMTDividend
Analysts recommendations
Institutional Ownership
NIO Latest News
NIO Inc. (NIO) closed the most recent trading day at $5.10, making no change from the previous trading session.
SHANGHAI, Nov. 01, 2024 (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 October 2024 delivery results.
Chinese electric vehicle pioneer NIO Inc. (NYSE: NIO) has seen mixed results this year. At press time, NIO shares are trading at $5.83.
Chinese luxury electric vehicle maker Nio stock (NYSE:NIO) has seen a strong rally in recent weeks, rising by about 45% since late August, roughly in line with its peers Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI). While broader market factors, such as the Chinese government's recent monetary stimulus measures, have played a role in the recent rally, several factors specific to Nio have also contributed.
NIO Inc. (NIO) reachead $5.23 at the closing of the latest trading day, reflecting a +1.75% change compared to its last close.
Recently, Zacks.com users have been paying close attention to NIO (NIO). This makes it worthwhile to examine what the stock has in store.
I'm initiating NIO stock with a buy for mid- to long-term investors. I expect to see an upside surprise for NIO in 2025 as the company, among other Chinese players, finds a stable footing in Beijing's stimulus plan, boosting consumer spend. I think NIO's Battery-as-a-Service (BaaS) position, which supports battery-swapping tech, gives customers incentives to choose NIO.
In the closing of the recent trading day, NIO Inc. (NIO) stood at $6.29, denoting a +0.8% change from the preceding trading day.
U.S. stock index futures faced declines as expectations for a Federal Reserve rate cut in November weakened. The yield on the 10-year U.S. Treasury hovered around the critical 4% level, while the U.S. dollar index rose by 0.2% to 102.67.
Chinese stocks fell, but investors in Nio shouldn't worry.
What type of business is NIO?
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service. In addition, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance; roadside assistance; courtesy vehicle services; data packages; and auto financing and financial leasing services. Further, the company involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. Additionally, it offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.
What sector is NIO in?
NIO is in the Consumer Cyclical sector
What industry is NIO in?
NIO is in the Auto Manufacturers industry
What country is NIO from?
NIO is headquartered in China
When did NIO go public?
NIO initial public offering (IPO) was on 12 September 2018
What is NIO website?
https://www.nio.com
Is NIO in the S&P 500?
No, NIO is not included in the S&P 500 index
Is NIO in the NASDAQ 100?
No, NIO is not included in the NASDAQ 100 index
Is NIO in the Dow Jones?
No, NIO is not included in the Dow Jones index
When was NIO the previous earnings report?
No data
When does NIO earnings report?
The next expected earnings date for NIO is 05 December 2024