NIO Inc. closed at $10.84, a +0.46% increase from the previous day, as investors await the upcoming earnings report.
Chinese EV start-up NIO is set to report second-quarter numbers amid investor concerns about competition, demand, pricing, and the Chinese economy.
Nio is expected to release its Q2 results with an anticipated EPS of -$0.41 and revenue of $1.26 billion, while options traders are pricing in a 10.62% move in Nio stock following the earnings report.
Chinese EV manufacturer Nio reports Q2 earnings with its delivery outlook crucial amid China's economic slowdown, while Nio stock remains below key levels.
Chinese electric vehicle maker Nio reports an increased loss of $835.1 million in Q2 2023 as deliveries decline due to a transition to a new vehicle platform and a slowdown in China's economy.
Shares of Nio Inc. dropped after the China-based electric-vehicle maker reported second-quarter results that missed expectations but provided a positive revenue outlook for the current quarter.
Nio, once favored by growth investors, has experienced a significant decline in stock value, prompting questions about whether it is currently a good investment opportunity.
Chinese electric-vehicle makers NIO, Li Auto, and XPeng have achieved record-breaking delivery numbers, a positive development for both Tesla and BYD, as well as for investors in the EV sector.
Shares of Nio Inc., along with other U.S.-listed China-based companies, have experienced a decline in response to weak demand for products made in China and growing concerns about trade tensions between the U.S. and China.
NIO Inc., a pioneer in the premium smart electric vehicle market, has announced a proposed offering of convertible senior notes, totaling $1 billion, subject to market conditions and other factors.
Chinese EV maker NIO is planning to raise $1 billion through the issuance of convertible bonds, following in the footsteps of other electric vehicle companies such as Nikola and Fisker.
Chinese EV maker NIO has denied reports that it is considering raising $3 billion from investors, stating that it currently has no reportable capital raising activity; this comes after NIO received a $738.5 billion investment from CYVN Holdings to support its global expansion.
NIO Inc. closed at $9.04, up 1.46% from the previous trading session, as Wall Street looks for positivity ahead of the company's next earnings report. The Zacks Consensus Estimate for earnings is expecting a year-over-year decline of 19.44%, while revenue is projected to increase by 43.95% from the year-ago period. Meanwhile, NIO Inc. currently has a Zacks Rank of #4 (Sell) and the Automotive - Foreign industry is ranked in the top 39% of all industries.
Chinese electric vehicle companies NIO, XPeng, and Li Auto are benefiting from an ongoing price war, with their EV deliveries looking strong.
Chinese EV makers BYD and NIO both reported strong sales, with BYD achieving record-breaking EV sales in September and narrowing the gap with Tesla, while NIO posted record deliveries in the third quarter.
Shares of Chinese EV maker Nio continue to underperform due to increased competition and pressure on margins, despite analysts' optimistic price targets, as Tesla's aggressive pricing strategy affects profit margins and competitors offer promotional discounts.
