NIO Stock FintechZoom: NIO Stock Price & News (NIO)

NIO Stock Price

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Stock Overview

This “Stock Overview” table offers a snapshot of a company’s performance.

Price: This is the current market value, telling you how much one share costs.

Change: This shows how much the price moved compared to yesterday, green for up, red for down.

Volume: This tells you how many shares were traded, suggesting activity and investor interest.

High/Low/Open: These show the price range during the day and where it started (open) and finished (close).

Previous Close: This is yesterday’s closing price, providing context for today’s change.

52-Week High/Low: These tell you the stock’s peak and valley over the past year, helping assess current price relative to its broader trend.

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History of Nio Inc.

Early days (2014-2016):

  • Founded in 2014 by William Li, Chinese entrepreneur behind Bitauto, a car shopping platform.
  • Focused on premium electric vehicles (EVs) for the Chinese market.
  • Established subsidiaries in Germany and the U.S. for design and autonomous driving tech.
  • Created XPT, a tech supplier for Nio producing motors, batteries, and other systems.
  • Partnered with state-owned JAC to manufacture cars without needing its own license.

Going public and early challenges (2017-2019):

  • Listed on the NYSE in 2018, raising $1 billion.
  • Experienced production delays and financial difficulties, leading to lawsuits.
  • Briefly announced a new Shanghai factory, later canceled, raising concerns.

Turnaround and growth (2020-present):

  • Introduced “Battery as a Service” (BaaS) technology for quick battery swaps at Nio Power stations.
  • Launched new EV models like the popular ES6 SUV and ET7 sedan.
  • Expanded sales and service network across China.
  • Achieved profitability in Q3 2022, a major milestone.
  • Now a leading player in the Chinese EV market, with ambitious expansion plans both domestically and internationally.

Key takeaways:

  • Nio faced early challenges but recovered as a major force in China’s EV market.
  • Premium EVs, BaaS innovation, and a strong brand identity contributed to its success.
  • Nio is well-positioned to benefit from the growing EV demand in China and beyond.

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