- NYSE:NIO features 0.14% on Friday to shut the week with little change from Monday.
- NIO pronounces over 1 million battery swaps have already taken place for the reason that program began.
- NIO unveils new firm headquarters in Hefei Metropolis, China.
NYSE:NIO opened the week at $21.50 and proceeded to finish the week at $21.47 making this one of many flattest weeks the stock has skilled in months. No motion shouldn’t be a nasty factor for a stock and issues may stay comparatively quiet for NIO because the Chinese language automaker heads in direction of its quarterly earnings name in the beginning of November. NIO is predicted to report file gross sales and car deliveries in addition to hitting the landmark of 1 million battery swaps by the start of October. Shares are nonetheless up over 400% yr up to now, so buyers can not actually complain about an uneventful week every now and then.
The a million battery swaps shouldn’t be the one landmark that NIO was in a position to hit this week as the electrical car maker unveiled its model information headquarters in Hefei Metropolis, China. NIO is starting to construct its roots in China and has already introduced plans to workforce up with native firm Hefei Cost to construct extra battery swapping services across the nation over the subsequent two years. NIO Energy can also be making ready to launch its second-generation battery swap stations sooner or later in 2021 which can enhance effectivity and be extra user-friendly.
NIO stock information
Regardless of these bulletins, NIO remained comparatively unchanged to shut the week. The anticipated monetary financial savings from the a million battery swaps is someplace within the neighborhood of 100 million yuan, or about $15 million U.S. The subsequent technology in battery swap stations is thrilling and might solely enhance NIO’s enchantment in its home market transferring ahead.