NIO ADR Stock News

China is widely expected to cut its benchmark lending rates on Friday, according to a poll.

Vehicle sales and margins increased during the second quarter. Onvo L60 vehicles are rolling off the assembly line, and deliveries start soon.

The broad basket of artificial intelligence (AI) stocks has been steadily selling off in recent months, primarily because of good (but not great) quarterly results and guides of steady and strong (but not blowout) demand in the coming quarter.

MONTREAL, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Stingray (TSX: RAY.A; RAY.B), a leader in music, video content distribution, business services, and advertising solutions, is thrilled to announce the launch of Stingray Karaoke in NIO's smart electric vehicles across European territories. This exciting new feature will be available in all NIO cars sold in Europe over the next two years, with each ve...

Nio (NIO) stock price has staged a strong comeback this month even as other Chinese electric vehicle companies like Li Auto, Xpeng, and Polestar remains under pressure. It jumped to a high of $5.5 on Monday, its highest point since May 15.

The stock is currently in a bullish trend, with a 2024 price target of $6.70, driven by favorable RSI and VPT signals. Vehicle deliveries surged to 57,373 units, a 143.9% YoY increase, boosting vehicle sales revenue by 118.2% from Q2 2023. NIO's vehicle margin improved to 12.2% from 6.2% in Q2 2023, driven by lower material costs and production efficiencies.

NIO Inc.'s strong stock performance after Q2 earnings was primarily driven by a surge in retail investor activity. Key market players for the stock are institutions who see potential in Nio's strategic positioning amidst a highly damaging and long-running price war in China's auto market. While net income is trending to close the year lower than last year, the company's evolving multi-brand str...

For years, Tesla (NASDAQ: TSLA) has dominated the electric vehicle (EV) market, with the company's stock ranking among the go-to options for investors seeking a stake in the industry.