NIO Inc. ADR (NIO): Price and Financial Metrics
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NIO Price/Volume Stats
|Current price||$15.77||52-week high||$44.27|
|Prev. close||$15.58||52-week low||$11.67|
|Day high||$16.15||Avg. volume||60,297,727|
|50-day MA||$19.41||Dividend yield||N/A|
|200-day MA||$21.13||Market Cap||26.32B|
NIO Inc. ADR (NIO) Company Bio
Founded in 2014 by Bin Li and Qin Li Hong, NIO, Inc. is a Chinese based electric vehicle designer and manufacturer, headquartered in Jiading, China. The company is also engaged in the development of artificial intelligence, autonomous driving, and next generation connectivity solutions. In 2016, NIO developed its first electric vehicle, the EP9 supercar and over the next three years, NIO introduced two additional models to the market, the ES8 and the ES6. The ES8 is a 7-seater all aluminum alloy body, electric SUV that focuses on performance, functionality, and mobility lifestyle. The ES6 is a 5-seater premium electric SUV that hit the market in June 2019. Bin Li currently serves as NIO’s chairman and Chief Executive Officer and the company employs over 7,700 individuals as of 2020.
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Below are the latest news stories about NIO INC that investors may wish to consider to help them evaluate NIO as an investment opportunity.
EV maker NIO (NYSE:NIO) has opened its first German battery swap unit, according to CNEVPost. The development comes days before the company’s official entry into the country on October 7. Further, the company is expected to launch three models in Europe next month and has announced two battery stations in Norway so far.
The stock market took a U-turn on Thursday, erasing all the gains it made on Wednesday as investors continued to worry about the impacts of high inflation and the interest rate hikes that central banks are implementing to get it back in check. As of 11:40 a.m. ET, the S&P 500 was down 2.1%, and the tech-heavy Nasdaq has lost 2.9%. Companies tied to the electric vehicle industry were getting hit especially hard, with Rivian Automotive (NASDAQ: RIVN) down 5% and Chinese luxury EV-maker Nio (NYSE: NIO) falling 8.2%.
These Growth Stocks to Buy Before the Bull Market Returns are trading at historical lows and offer massive upside potential
NIO Inc. (NIO) closed at $17.33 in the latest trading session, marking a +0.81% move from the prior day.
The benchmark S&P 500, which is typically viewed as the best barometer of stock market health, produced its worst first-half return in 52 years. As for the growth-driven Nasdaq Composite, an index largely responsible for pushing the stock market to new highs, it's lost about a third of its value. This puts both the S&P 500 and Nasdaq firmly in a bear market.
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