Nio (NYSE: NIO) has faced challenges typical of the EV industry in 2024, including lower production and delivery numbers, leading the company to adjust its targets with the early months of 2024 were particularly tough for NIO stock, witnessing a 37.41% decline. However, the tide has turned in recent trading sessions, with a 30.45% gain for NIO shares in the past five days. This significant uptick was further boosted by an 11.65% increase after the latest market closure, which extended into pre-market tradin ...

Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April.Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over six weeks. Nio shares also helped boost the broader Hang Seng index, which jumped 2% by midday trading.Nio said it delivered 15,620 vehicles in April, a 13 ...

Nio hit its highest monthly vehicle-delivery mark of the year in April.Electric vehicle (EV) sales have been slowing around the world. EV makers have even been cutting prices in China, the world's largest EV market, to spur sales. But Nio (NIO 11.65%) just surprised investors with a strong month in April, and the stock is spiking as a result.Nio American depositary shares (ADS) were trading higher by 13.2% as of 3:32 p.m. ET after the report. That move has added to a strong rally seen in the shares over the ...

Beleaguered Chinese electric vehicle (EV) manufacturer Nio (NYSE:NIO) has finally given investors something to cheer about. Earlier today, management announced a large increase in April deliveries compared to the prior year. This news is helping lift many other EV stocks alongside Nio. However, NIO stock still faces broader challenges.According to a press release, Nio delivered 15,620 vehicles in April 2024, representing a 134.6% year-over-year (YOY) increase. The tally consisted of 8,817 premium smart elec ...

NIO delivered 15,620 vehicles in April 2024, increasing by 134.6% year-over-yearNIO delivered 45,673 vehicles year-to-date in 2024, increasing by 21.2% year-over-year Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024 SHANGHAI, China, May 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 market, today announced its April 2024 delivery results. NIO delivered 15,620 ve ...

After rising steadily all week, Nio (NYSE:NIO) stock is inching close to pulling itself out of penny stock territory. Today, the Chinese electric vehicle (EV) producer is up on the news that it is making progress regarding its semi-solid-state battery packs. As EV demand has waned, Nio has shifted focus toward its charging and EV battery operations. This strategy appears to be paying off. NIO stock is up today as the company opens its new battery technology to the Chinese public and gets ready for the offic ...

The price war underway in the electric vehicle market is good for no one but especially not for Nio (NYSE:NIO) stock. Operating losses continue to expand as it continues to sell more vehicles at lower prices. Although lower starting prices should attract more buyers, it’s already the case Nio is losing money on every car it sells. Reducing the amount of money coming in even more will only exacerbate the situation. It’s not alone, though, as many EV companies are already standing on their last legs.Fisker (O ...

Are things finally turning around for Nio (NYSE:NIO)? The Chinese electric vehicle (EV) producer has spent the past six months on a primarily downward trajectory. There’s no question that 2024 hasn’t been a good year for NIO stock so far. However, over the past month, NIO has started picking up momentum and today shares are rising by 8%.This surge probably isn’t due to company-specific news, as Nio hasn’t reported anything today. Rather, investors can chalk it up to the fact that Chinese stock markets are e ...

Nio Founder and CEO William Li poses outside of the New York Stock Exchange to celebrate his company's IPO.BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year.Nio's first such mass market car will be an SUV cheaper than Tesla's Model Y, CEO William Li told CNBC's Eunice Yoon on Thursday. The Tesla SUV starts at 249,900 yuan ($35,197) in China.Like many early entrants to China's electric car market, U.S. ...

NIO Inc. (NIO) closed at $4.01 in the latest trading session, marking a +0.25% move from the prior day. The stock lagged the S&P 500's daily gain of 1.2%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.59%.The company's shares have seen a decrease of 18.53% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 11.58% and the S&P 500's loss of 4.16%.Market participants will be closely following the financial results of NIO Inc ...