Chinese electric vehicle manufacturer Nio (NYSE:NIO) sent a shot across the bow, a seeming message directed at sector leader Tesla (NASDAQ:TSLA). On May 15, Nio will launch a low-priced SUV designed to compete directly against the popular Tesla Model Y. Subsequently, NIO stock swung higher as the global war of attrition heated up.According to Cnevpost, Nio will launch a sub-brand called Onvo (or Ledao) in China. The debut coincides with the International Day of Families, which appropriately ties in with Onv ...

GRUENHEIDE, GERMANY - MARCH 25: In this aerial view newly completed Tesla Model Y electric cars ... [+] stand at the new Tesla Gigafactory electric car manufacturing plant on March 25, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, officially opened on March 22 with an event with German Chancellor Olaf Scholz and Tesla CEO Elon Musk. The new plant is producing the Model Y as well as electric car batteries. (Photo by Sean Gallup/Getty Images)Getty ImagesTh ...

BEIJING — Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15.The announcement comes amid a price war in China's highly competitive electric car market that's forced Tesla to cut prices. Xpeng, another EV startup, also plans to release a sub-brand called Mona in the next two or three months.Nio said the first Onvo model, the L60, will be a "family-centric smart BEV priced around RMB 250,000, in the same segment as Tesla Model Y." That's about $34,600.In ...

Nio (NYSE:NIO) stock is slumping 5% today despite a new deal with fellow Chinese car maker GAC to establish battery swap-enabled passenger cars and battery swap stations cross-compatible between both vehicle makes.Nio and GAC signed the strategic cooperation agreement earlier today, on May 8, in Guangzhou. GAC is headquartered in Guangzhou, China.“The cooperation will amplify the two companies’ respective strengths in technology and operations, and push forward the unification of battery standards and opera ...

This Is the World's Hottest Car Company Andrei Stanescu / iStock Editorial via Getty Images Very few Americans have heard of Nio Inc. (NYSE: NIO), which can count itself as one of the world’s most successful car companies. Its stock has been up 26% in the past month, while the S&P 500 has been flat.Nio is one of China’s dozen up-and-coming car companies. Smaller than rival BYD, it still has the advantage of operating in the world’s largest electric vehicle (EV) market.In April, Nio delivered 15,650 vehicl ...

After announcing that it would spin off its battery arm in December, Nio (NYSE:NIO) has secured a new deal for batteries for its new brand of affordable vehicles, according to Reuters. The electric vehicle (EV) company had previously expressed its intentions to outsource battery manufacturing. Despite this deal, NIO stock is down about 2.5% today.Nio has reportedly secured a battery deal with Chinese EV leader BYD (OTCMKTS:BYDDY) for its upcoming Onvo brand, or Ledao in Chinese. Onvo’s first vehicle, the L6 ...

Chinese electric vehicle maker Nio (NYSE:NIO) stock exploded higher last week, rising 25% on a surprisingly strong monthly delivery update. The EV maker said it had delivered 15,620 vehicles during April, a massive 134% increase over the year-ago figure. That brought its cumulative deliveries since starting to almost half a million EVs.However, investors should still use caution. This unexpected good fortune of the leading Chinese EV company just might be as good as it gets.A Surprising U-Turn for Nio Stock ...

Nio (NYSE:NIO) stock climbed a little over 2% Tuesday on news that the Chinese electric vehicle (EV) maker will show off its first mass-market car later this month.It appears Nio has Tesla (NASDAQ:TSLA) in its sights this year as it prepares to launch a new model under a new brand. Indeed, according to Nio Chief Executive William Li, the company’s newly-created sub-brand, Onvo, is intended to rival Tesla’s best-selling Model Y EV.“Nio is currently working on the launch of new car brands, that would be less ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

William Li, CEO of Nio Chinese multinational automobile manufacturer, stands next to Nio ET7 model ... [+] electric car during an AFP interview at the Beijing Auto Show in Beijing on April 25, 2024. (Photo by Pedro PARDO / AFP) (Photo by PEDRO PARDO/AFP via Getty Images)AFP via Getty ImagesThe American Depository Receipts of Nio, a Shanghai-based electric vehicle maker, just popped 20%, according to CNBC. Yet the ADRs trade a whopping 92% below their all-time high of $67.Does that make Nio shares a bargain? ...