Nio CEO beats Elon Musk to the crown of 'EV person of the year'

Nio Inc (NYSE: NIO) is pushing to the upside in premarket today after William Li - its chief executive was named “EV person of the year”. 

Why did Nio CEO win the title?

Li was crowned at the 2024 TopGear.com Electric Awards on Monday. 

The news arrives shortly after Nio became the first electric vehicle firm to launch semi solid-state batteries for the mass market. According to Jack Rix - edit-in-chief of BBC Top Gear:

Note that the company based out Shanghai, China is also slated to unveil its first car for the mass market in May. Nio stock is down some 40% for the year at writing. 

Nio saw a big increase in deliveries in March

Last month, Nio reported a 46% sequential increase in its monthly deliveries while the metric was up 14.3% versus last year (find out more). 

The Chinese EV firm is close to hitting half-a-million in total deliveries to date. BBC’s Jack Rix also said on Monday:

Our market analyst Crispus Nyaga expects $NIO to hit $7.0 in the near term but expects a downturn to follow afterwards.