Key TakeawaysElectric vehicle maker Nio announced record June and quarterly deliveries.The company's 21,209 deliveries in June was an increase of 98% from a year ago, and second quarter deliveries of 57,373 was a 144% jump.ADRs of Nio and Chinese rivals, as well as shares of American EV manufactures, advanced. Nio's (NIO) American Depositary Receipts (ADRs) jumped Monday after the Chinese electric vehicle (EV) maker reported a second-straight month of record deliveries. The news lifted ADRs of Chinese rival ...

Though the electric vehicle (EV) industry has been struggling for more than 12 months, 2024 has generally been recognized as a particularly dire period of the so-called ‘EV winter.’There has hardly been a company operating in the sector whose stock has managed to remain in the green, with even Elon Musk’s Tesla Motors (NASDAQ: TSLA) staying decisively in the green despite record deliveries at the end of 2023 and the 2024 attempts to rebrand as a robotics and artificial intelligence (AI) firm.Given the curre ...

Nio (NYSE:NIO) stock jumped 4% over the weekend after announcing June car deliveries doubled those from the year before.Nio delivered 21,209 cars during the month, its second record in a row. Deliveries for the quarter of 57,373 also exceeded previous guidance. Over the weekend, NIO’s gains erased most of its June 28 trading loss. The Chinese electric vehicle (EV) maker opened at $4.33 per share, with a market capitalization of about $9.4 billion. Other Chinese EV makers traded in New York were also up, inc ...

Company Achieved New Record-High Monthly and Quarterly Deliveries NIO delivered 21,209 vehicles in June 2024, increasing by 98.1% year-over-yearNIO 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, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle ...

Company Achieved New Record-High Monthly and Quarterly Deliveries NIO delivered 21,209 vehicles in June 2024, increasing by 98.1% year-over-yearNIO 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; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle ...

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. Of course, there are a range of reasons this is the case. Macro headwinds tied to rising interest rates around the world and slowing demand (even in China) along with price-cutting pressures (and some rising input costs) have put pressure on margin ...

Many electric vehicle (EV) stocks are rising today on news that Volkswagen (OTCMKTS:VWAGY) is preparing to invest up to $5 billion in electric truck startup Rivian (NASDAQ:RIVN). This announcement is fueling a rally that is pushing up even struggling EV stocks, including Nio (NYSE:NIO) stock.Chinese EV maker Nio has spent the past month trending downward, failing to garner any sustainable momentum. But today, NIO stock is rising steadily, enjoying the upward mobility sparked by the Rivian rally.It appears t ...

A small amount of money can go a long way when it's put to work in game-changing businesses at historically cheap valuations.Volatility and uncertainty are givens on Wall Street. Through the first four years of this decade, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite oscillated between bear and bull markets in successive years.But for more than a century, time has proven to be an undefeated ally of investors. Though we'll never know ahead of time when stock market corrections or bear mar ...

Nio (NYSE:NIO) stock investors are watching keenly as an important date approaches. Indeed, on June 25, the Chinese electric vehicle (EV) producer will host its annual shareholder meeting.This event comes as NIO stock faces a highly uncertain future. Shares have been decreasing steadily for months and, while they have recently regained some momentum, Nio is still lagging behind many other Chinese EV stocks. Now, the firm has an opportunity to show investors what it’s doing to help usher in a turnaround. But ...

In case you didn’t get the memo, there’s an international trade war happening in 2024. That’s problematic for China-based electric vehicle manufacturer Nio (NYSE:NIO), no doubt. On the other hand, Nio stock has already been demolished as the ultraefficient market already absorbed the trade war news. Therefore, the stock’s next move is probably to the upside. Despite international tensions, Nio’s recently reported vehicle delivery figures are quite encouraging. So, consider buying Nio shares at a discount wh ...