NIO ADR Share News

Shares of Nio Inc. charged higher Monday, as the China-based electric-vehicle maker and its peers reported upbeat EV-delivery data for June and the second quarter.

NIO, Li Auto, and XPeng delivered a combined 196,161 EVs in the second quarter of 2024.

Company Achieved New Record-High Monthly and Quarterly Deliveries NIO delivered 21,209 vehicles in June 2024, increasing by 98.1% year-over-year NIO delivered 57,373 vehicles in the three months ended June 2024, increasing by 143.9% year-over-year Cumulative deliveries of NIO vehicles reached 537,020 as of June 30, 2024 SHANGHAI, China, July 01, 2024 (GLOBE NEWSWIRE) --  NIO Inc. (NYSE: NIO; HK...

As autonomous driving technology rapidly advances, the investment landscape is becoming increasingly attractive for those looking at long-term gains. With major strides in AI, sensor technology and regulatory advancements, autonomous vehicles are poised to transform our roads, economies and daily lives.

Chinese automakers are expected to continue to rapidly expand outside of China to achieve 33% of global automotive market share by 2030, according to consulting firm AlixPartners. Much of the growth, up from a forecasted 21% market share this year, is expected to be outside of China.

After Rivian (NASDAQ: RIVN) experienced a major surge in price, it seems that the rough patch in the electric vehicle (EV) sector is now over, and other EV stocks are following its example, including those of Shanghai-based automaker Nio Inc. (NYSE: NIO).

Chinese EV manufacturer Nio (NYSE: NIO ) has certainly been on a downtrend over the past year. On a year-to-date basis alone, NIO stock has lost nearly 50% of its value, making this among the worst-performing EV stocks most investors are watching closely right now.

With EV sales regaining momentum, look at the top EV stocks to buy on the dip. Remember, as I said yesterday, “Ford Motor (NYSE: F ) said its electric vehicle sales were up 64.7% in May.