China-based EV company NIO Inc. (NIO) is slated to release second-quarter 2024 results on Sep. 5, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a loss of 46 cents a share on revenues of $2.35 billion. The loss estimate for the second quarter of 2024 has widened by 11 cents a share over the past 90 days. The bottom-line projection indicates a year-over-year improvement of 9.8%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year su ...

NIO delivered 20,176 vehicles in August 2024NIO delivered 128,100 vehicles year-to-date in 2024, increasing by 35.8% year-over-year Cumulative deliveries of NIO vehicles reached 577,694 as of August 31, 2024 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. NIO delivered 20,176 vehicles in August 2024. The deliveries co ...

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.However, the latest trading session on August 29 recorded a 6.49% gain, after which NIO stock closed at $3.94. Gains of 6.60% extended into pre-market, allowing NIO shares to surpass the $4 threshold, a level they traded below for most of the previous month. NIO stoc ...

NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Eastern District of New York has approved the following announcement of a pending class action that may affect the rights of certain purchasers of American Depositary Shares of NIO, Inc. (NYSE: NIO): SUMMARY NOTICE OF PENDENCY OF CLASS ACTION This Notice May Affect Your Rights. Please Read It Carefully. This Notice was authorized by the United States District Court for the Eastern Dis ...

The latest trading session saw NIO Inc. (NIO) ending at $3.99, denoting no adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.89%. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 1.67%.Prior to today's trading, shares of the company had lost 7.21% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 7.27% and lagged the S&P 500's gain of 2.17% in that time.Analysts and investors alike wil ...

SHANGHAI, Aug. 22, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will report its unaudited financial results for the second quarter 2024 on Thursday, September 5, 2024, before the open of the U.S. markets. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 5, 2024 (8:00 PM Beijing/Hong Kong/Singapore Time o ...

NIO Inc. (NIO) , the Chinese electric vehicle (EV) maker, hosted its highly anticipated Power Up 2024 event in Wuhan yesterday. The event showcased the company’s ambitious plans to expand its charging and battery swap infrastructure across China.Despite the positive news from the Power Up event, NIO’s stock suffered (declining more than 5% yesterday) due to broader market challenges in China. The central bank's decision to keep interest rates unchanged despite the need for additional stimulus has cast a sha ...

A Nio electric car uses one of the company's battery swap stations on Nov. 13, 2023, in Taicang, Jiangsu province of China.BEIJING — Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China's 2,844 counties by the end of June 2025.The company also announced plans to expand its battery swap stations to more than 2,300 of China's counties by the end of 2025. Nio aims to start reaching the remainder of counties with power swaps in 2026, although it did n ...

A general view is showing 70 models from Tesla, Audi, Hongqi, SAIC Volkswagen, and Jiyue Nio on ... [+] display during the Auto Shopping Festival at Auto Bazaar in Jiading, Shanghai, on August 4, 2024, to attract new car buyers. (Photo by Ying Tang/NurPhoto via Getty Images)NurPhoto via Getty ImagesChinese luxury electric vehicle maker Nio stock has declined by close to 59% year-to-date. This compares to rival Xpeng stock, down by 52% over the same period. The sell-off comes despite Nio’s relatively strong ...

Michael Vi/iStock Editorial via Getty Images The EV space has faced a tough year or so, causing investors to forget the difficulties of building a new brand. NIO, Inc. (NYSE:NIO) is a prime example of a Chinese EV company beaten down, yet the company is coming off their most successful delivery period. My investment thesis remains Bullish on the stock, with the lower valuation and signs of a bottoming process coming to an end soon. Source: Finviz Big Quarter Ahead NIO recently reported July vehicle deli ...