Nio Inc is a pioneering electric vehicle (EV) manufacturer based in China, specializing in the design, manufacture, and sale of high-performance smart electric vehicles. The company is renowned for its innovative approach to automotive technology, incorporating advanced features such as artificial intelligence and autonomous driving capabilities into its vehicles. Nio also emphasizes a customer-centric experience, offering services such as battery-as-a-service, enabling users to swap out depleted batteries for fully charged ones at designated stations. Through its commitment to sustainability and innovation, Nio aims to redefine the future of mobility in the global auto industry. Read More
While China competition remains strong, the firm says June quarter deliveries guidance is stronger with 2025 model year refreshes and brands Onvo and Firefly continuing to ramp, Mizuho said, while adding that it sees Nio as fairly valued.
NIO, Inc (NYSE: NIO) reported a 21.5% increase in revenue but a 38.9% decline sequentially in fiscal Q1. Analysts estimated $1.73B revenue but actual was $1.66B.
Shares of Tesla Inc. (NASDAQ: TSLA) might be in for a rough week, according to fund manager Gary Black, following the announcement of steep discounts by the company's Chinese rival.
