NIO ADR Stock News

The Chinese automaker's net loss widened in the third quarter as revenue fell, dragged by lower selling prices.

NIO Inc (NYSE:NIO) shares dipped almost 4% in pre-market trading on Wednesday after the electric vehicle maker reported a drop in sales and wider losses for the third quarter. Revenue fell by 2.1% to 18.7 billion yuan ($2.7 billion) over the three months to September, NIO reported on Wednesday.

Nio Inc. (NYSE: NIO) is facing a sharp selloff in pre-market trading, plunging 4.75% to $4.63.

Quarterly Total Revenues reached RMB18,673.5 million (US$2,661.0 million)i Quarterly Vehicle Deliveries were 61,855 units

Nio (NYSE: NIO), the Chinese electric vehicle (EV) manufacturer, has experienced a rollercoaster journey since its IPO in 2018.

Englander's Millennium Management sold close to 4.5 million shares of Palantir and practically tripled its stake in a high-octane electric-vehicle (EV) company in the September-ended quarter.

I downgraded NIO to "Hold" due to a weakening long-term bullish thesis and competition. I maintain my rating today - 2 days before its Q3 earnings release. NIO's Q2 2024 saw impressive vehicle sales and revenue growth, but profitability remains elusive with significant net losses and negative EBITDA. NIO's battery swap stations are far from profitability, averaging 30-40 swaps per day, making t...

Nio stock price has suffered a harsh reversal as Chinese companies reacted to recent election of Donald Trump to be the next president of the United States. Nio shares have plunged to $4.50, the lowest level since September this year.