China’s CSI 300 Index has been in a downtrend since February 2021. While the Chinese government has been hesitant to provide stimulus in the past, the country is running out of options to boost its economy. That could provide a helping hand to Nio (NYSE:NIO).Officials from China have suggested that consumer stimulus will be necessary in order to reach yearly economic growth targets. This comes amid a housing crisis and rampant deflation. Declining housing prices have especially affected consumer demand, as ...

Chinese electric-vehicle manufacturer Nio (NYSE:NIO) saw its shares struggle despite positive developments. Late last week, the company revealed in its Tech Day event how it was spending its research and development funds. In particular, an advanced computer chip designed specifically for autonomous driving generated headlines. Still, investors were skeptical on NIO stock on Monday.According to a TechNode report, the EV maker announced the world’s first five-nanometer chip for automated driving. Called the ...

Nio (NYSE:NIO) stock is trending up this morning on news that the company’s spinoff — the highly anticipated mass-market Onvo brand — has an official time table to launch. Indeed, the Onvo L60, the brand’s first model, is set to launch in late September. That’s slightly later than previous reports of a Sept. 10 release.The exact price of the L60 will be revealed at its launch event, Onvo President Ai Tiecheng said in a livestream on Thursday. This will also mark the first time customers will have the chance ...

Republican presidential candidate Donald Trump recently unveiled his pick for vice president. At 39 years old, Ohio Senator JD Vance is a fresh face in Washington D.C. Despite being one of the most prominent millennial generation politicians out there, however, Vance holds surprisingly anti-electric vehicle sentiments.In fact, Vance has suggested the EV proponents are hypocrities, since EV cars are sometimes charged via dirty power sources such as coal. In fact, Vance said “The whole EV thing is a scam.”Van ...

Nio (NYSE:NIO) stock has witnessed some wild moves since listing in September 2018. It was during the meme euphoria of 2021 that the stock touched highs of $62. There has been a sustained correction from those levels and Nio stock trades at $4.30 after a drop of 60% in the last 12 months.I believe Nio stock will continue to destroy investor wealth in the coming years. With relatively better investment options among electric vehicle stocks, it’s best to steer clear of Nio. This column focuses on the factors ...

The electric vehicle (EV) sector is currently experiencing a rough ride, with NIO Inc. (NIO) emerging as a notable casualty. China-based EV maker NIO has been in the red territory for a while now. Year to date, shares of the company have plummeted 50.6%, underperforming the industry as well as its key rivals like Li Auto (LI) and XPeng (XPEV) . As NIO currently hovers around 72% below its 52-week high, should investors consider this a buying opportunity?YTD Price PerformanceImage Source: Zacks Investment Re ...

Nio Inc. (NYSE: NIO), the Chinese electric vehicle (EV) manufacturer, has had a rough ride this year, with its stock plummeting nearly 50% year-to-date and trading almost 30% below its IPO price. Over the past 12 months, the stock has dropped nearly 60%, causing many investors to question its long-term prospects. Despite these challenges, Nio remains a significant player in the EV sector, known for its innovative battery-swapping technology and strategic expansion into Europe.Technological edge and market e ...

While the date hasn't yet been solidified, shareholders of Nio (NYSE:NIO) stock should keep their eyes peeled for additional details concerning Nio Day 2024. Over the weekend, the Chinese electric vehicle (EV) company announced that the event would be held in Guangzhou, Guangdong province following a voting process. Guangzhou beat out Hangzhou and Xiamen. Nio Day is Nio's most important annual event, according to CnEVPost. Previous Nio Days have resulted in the release of new EV models and technologies. For ...

The latest trading session saw NIO Inc. (NIO) ending at $4.54, denoting a -1.09% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.78%. Meanwhile, the Dow experienced a drop of 1.29%, and the technology-dominated Nasdaq saw a decrease of 0.7%. Heading into today, shares of the company had gained 3.61% over the past month, lagging the Auto-TiresTrucks sector's gain of 17.69% and outpacing the S&P 500's gain of 2.14% in that time. Investors will be eagerly ...

One of the most well-known Chinese EV makers in the market, Nio (NYSE:NIO) stock is a name I’ve been bullish on in the past. Indeed, we’re all aware that the EV market is going to grow, and China has led the way. One might think that this pure-play BEV maker based out of China should benefit from strong demographic growth trends.However, Nio has faced some hurdles over the past year because of the company’s exposure to the high end of the market. In Q2 2024, NIO reported 57,373 vehicles delivered, with a cu ...