US62914V1061 - ADR
Chinese electric car maker Nio Inc. started sales of its most expensive car as it seeks to double deliveries in 2025 and eventually become profitable.
Nio (NYSE: NIO) is a fast-growing Chinese electric vehicle (EV) manufacturer looking to capitalize on a rapidly expanding market opportunity with its focus on high-performance electric SUVs and sedans. According to a report published by Frost & Sullivan, China's electric vehicle (EV) market is expected to grow by 16% compounded annually through 2030. Founded in 2014 and headquartered in Shanghai, Nio is one of several companies leading the charge in the EV revolution.
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Chinese electric vehicle (EV) maker Nio (NYSE: NIO) recently announced another strong month of vehicle deliveries. Last week's announcement has helped push Nio shares higher. At the same time, Nio announced China's Ministry of Industry and Information Technology (MIIT) has approved Nio's flagship executive sedan to be the first mass-produced vehicle in China to feature steer-by-wire technology.
20,575 vehicles were delivered in November 2024, increasing by 28.9% year-over-year190,832 vehicles were delivered year-to-date in 2024, increasing by...
China EV makers have been launching new models and offering discounts.