Ai Tiecheng, Senior Vice President of NIO and President of ONVO, speaks during the press conference of ONVO, NIO's new subsidiary brand, on May 15, 2024 in Shanghai, China. NIO launches its second brand ONVO and its first model L60 on May 15.SHANGHAI — Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li told reporters Thursday.The company will still focus on China, and will persist in its initial aspiration to be a global company ...

Nio stock may not be worth buying, but it's also too risky to short.Good news for Nio (NIO -7.95%) shareholders! For three long months, investment bank J.P. Morgan said the Chinese electric vehicle (EV) maker's stock was a sell. But no longer.On Wednesday, the bank's investment firm relented and removed its sell rating from Nio, upgrading the EV stock to neutral and setting its price target at $5.40 per share. That price implies an upside of just 2% on the current $5.32. Is Nio stock a buy?Remember, JPMorga ...

It’s a big day for Nio (NYSE:NIO), as the Chinese electric vehicle (EV) company has officially launched its new, affordable Onvo brand in competition with Tesla (NASDAQ:TSLA) and Toyota (NYSE:TM). Onvo’s first vehicle, the L60 SUV, carries a starting price tag of $30,500 for the 60 kWh model and will compete with Tesla’s Model Y, which is priced 12% higher, and Toyota’s popular RAV4. Despite this big launch, NIO stock is down 9% today.Nio CEO William Li had this to say about the launch:“RAV4 and Model Y wer ...

In this article9866-HKChinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y.Deliveries for Onvo's first car, the L60 SUV, are set to begin in September, the company said. Pre-sales began after Wednesday's launch event.Nio CEO William Li said he expec ...

Nio (NYSE:NIO) stock may be falling today, but the company has just received some good news. JPMorgan has removed its bear rating on the Chinese electric vehicle (EV) producer. The financial institution moved its rating for NIO stock from “underweight” to “neutral,” demonstrating that it believes the company is improving. Analyst Nick Lai has stated that he sees Nio benefitting from its foray into the EV battery space, as well as policies from China’s government aimed at spurring EV demand. As Wall Street s ...

After opening at $6.01, shares of China-based electric vehicle (EV) maker Nio Inc (NYSE:NIO) are 5.8% lower at $5.45 at last glance, brushing off a bull note at J.P. Morgan Securities. The analyst upgraded the EV stock to "neutral" from "underweight" and raised its price target to $5.40 from $4.80, citing the Chinese government's stimulus policy and Nio's newest battery as service (Baas) strategy as potential tailwinds.Also helping the stock move higher today, Nio today launched the L60 SUV in its Onvo unit ...

Nio Inc (NYSE: NIO) is pushing further to the upside in premarket on Wednesday after a JPMorgan analyst removed his bear rating from shares of the electric vehicles company. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Nio stock receives an upgradeCopy link to sectionNick Lai expects battery as a service (BAAS) strategy of the EV firm to be a meaningful tailwind for its share price.  He upgraded Nio stock this morning to “neutral” and said:By succe ...

Shares of Nio (NYSE:NIO) stock are down by about 35% both year-to-date (YTD) and year-over-year (YOY), and it appears that Scottish investment firm Baillie Gifford has had enough.Baillie has filed its first-quarter Form 13F ahead of the May 15 deadline, revealing a major reduction in its NIO stake. A 13F documents an institutional investor’s equity and option positions and must be filed each quarter.As of March 31, Baillie owned 18.90 million shares of Nio, down by a significant 83.5%, or 95.73 million shar ...

Apparently, meme stocks are back -- but Nio has had some actual good news for investors, too. Shares of Chinese electric-vehicle (EV) maker Nio (NIO 6.71%) were moving higher on Monday as investors revisited former meme stocks that enjoyed social media-powered surges earlier in this decade. But the company had recent good news of its own to report.As of 2:25 p.m. ET, Nio's American depositary shares were up about 6.7% from Friday's closing price.A "meme stock" surge follows strong deliveriesA slew of former ...

Shares of Nio (NYSE:NIO) stock are in the green following reports that President Joe Biden would move forward with a plan to enact or maintain tariffs on several Chinese sectors as soon as next week, including EVs, batteries, semiconductors and solar cells.Reuters noted that the administration is “expected to largely maintain existing levies,” while Bloomberg stated that Biden seeks to “target key strategic sectors with new levies while rejecting the across-the-board hikes sought by Donald Trump.” At the mo ...