Nio Inc is a pioneering electric vehicle (EV) manufacturer based in China, specializing in the design, manufacture, and sale of high-performance smart electric vehicles. The company is renowned for its innovative approach to automotive technology, incorporating advanced features such as artificial intelligence and autonomous driving capabilities into its vehicles. Nio also emphasizes a customer-centric experience, offering services such as battery-as-a-service, enabling users to swap out depleted batteries for fully charged ones at designated stations. Through its commitment to sustainability and innovation, Nio aims to redefine the future of mobility in the global auto industry. Read More
Deepwater Asset Management's Gene Munster is bracing for disappointing Tesla Inc. delivery numbers when the electric vehicle maker reports first-quarter figures on Wednesday, warning investors that the coming months could be even more challenging.
Stay updated with the latest market activity on Thursday. Explore the most active stocks in today's session and stay informed about the stocks that are in the spotlight.
The company said it will offer 136.8 million Class A ordinary shares at a price of HK$29.46. Hong Kong-listed shares of NIO closed 5% lower on Thursday at HK$32.55, which is still 10% higher than the offering price.
NIO shares decline amid news that White House announced new tariffs on auto imports. The company plans to offer 118.8 million shares to fund R&D and strengthen balance sheet.
According to TheFly, Mizuho noted that Nio shares are fairly valued at current levels and added that the company’s guidance for deliveries in the first quarter is “weak” owing to seasonality and weaker than expected Onvo deliveries.
Gordon Johnson, an analyst at GLJ Research, challenged the popular "don't bet against Elon Musk" investment thesis Sunday, pointing out that Tesla Inc. shares have underperformed the broader market significantly since 2022.
Citi reportedly expects Nio's Q1 vehicle margin to decline quarter-over-quarter due to seasonal weakness, sluggish demand for the Nio brand ahead of upgraded model launches in Q2, and lower-than-expected sales of Onvo.
Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
The company reported a total revenue of RMB19.70 billion ($2.69 billion), which marked a 15.2% increase from the corresponding quarter of 2023 but fell below an analyst estimate of RMB20.19 billion, per FinChat data.
