NIO ADR Stock News

Shares of both Nio Inc. and Li Auto Inc. looked to open lower Tuesday after the China-based electric-vehicle makers reported August deliveries that rose from a year ago but fell from the prior month.

I'm downgrading NIO to a 'Hold' rating due to a weakening long-term bullish thesis and uncertainty ahead of the September 5th earnings report. NIO's deliveries have declined for two consecutive months, struggling against intense competition in the Chinese auto market, impacting its market share. Despite improved margins and a strong liquidity position, NIO's future profitability remains a conce...

NIO's Q2 2024 results are crucial as the stock is trading at multi-year lows. But whether they offer any support to the stock remains to be seen. While robust revenue growth is expected, substantial operating losses are likely to continue, too. The outlook for Q3 2024 can be subdued as well. Even longer-term promise, in the likes of battery swaps, can take time to impact profitability. With sof...

SHANGHAI, Sept. 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 August 2024 delivery results.

After experiencing a significant setback in 2024, Nio (NYSE: NIO) shares have tumbled more than 50% since the start of this year, leaving many investors wondering whether it is time to cut the losses or whether a turnaround is soon on the cards.

Tesla archrival BYD is expected to report August sales of about 400,000. Nio, Li Auto and XPeng deliveries should be solid.

Chinese electric vehicle stocks are under pressure after the recent earnings showed the extent of the ongoing slowdown. Li Auto (LI) stock plunged by more than 17% on Wednesday, bringing the 12-month collapse to 55%.

Warren Buffett, the famed Oracle of Omaha and longtime leader of Berkshire Hathaway Inc. NYSE: BRK.B, famously advises investors to "be fearful when others are greedy." It's easy to become swept up in investor excitement about a company, but trying to time the market is notoriously risky.