Nio (NIO)
About Nio
What is Nio?
Nio is a Chinese electric vehicle manufacturer focusing on battery and autonomous driving technology. Rather than building its cars, it has partnered with a state-owned auto manufacturer that produces its designs. The company also owns one of the original FIA Formula E teams and has a functioning battery-swapping operation in China.
Founded in 2014 and headquartered in Shanghai, China, Nio employs more than 7000 people worldwide. Its largest market is mainland China where it generates most of its revenue. Its business has spread in recent years and operates in parts of Europe, including Norway and Germany.
While electric vehicles are what the company is best known for, its battery-swapping stations have developed at rapid speed. Most electric vehicles have a short range because their batteries need to be recharged. Nio has a network of 900 battery-swapping stations covering thousands of miles in China, letting anyone with a compatible car swap out their drained battery, for a fully charged one.
How does Nio make money?
Nio makes money by selling electric vehicles, its battery swapping network, insurance, maintenance, and enhanced data packages. Although it offers several services and products, most of its revenue comes from EV sales. In 2021, 93% of Nio’s revenue came from selling cars.
What is Nio’s best selling product?
Nio’s best selling product is its ES6 model. Released in 2019, the mid-sized SUV is the company’s most popular car and 104,000 have been sold. The next best seller is the ES8, a full-sized SUV with 60,000 models.
Who are the key executives at Nio?
Nio’s founder, Bin Li is the company’s CEO. Some other key executives form part of the Nio management team.
- Bin Li. Founder, Chairman and Chief Executive Officer.
- Lihong Qin. Co-founder, Director and President.
- Feng Shen. Executive Vice President and Chairman of Quality Management Committee.
- Xin Zhou. Executive Vice President and Chairman of Product Committee.
- Wei Feng. Chief Financial Officer.
- Ganesh V. Iyer. Chief Executive Officer of NIO U.S.
Where can I buy shares in Nio?
You can buy Nio stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Nio?
The simplest way to invest in Nio is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
Nio is part of the NYSE index, so you can invest in an ETF that tracks that index. You can also choose an automotive ETF or a lithium ETF that lets you own a basket of related stocks from the same industry.
More about the NIO price
What is the Nio stock price today?
The NIO stock price today is currently $12.17, as of October 2022. The price of Nio is down 63%in 2022. You can use the live Nio stock chart to track the NYSE:NIO price in real time above, or compare the Nio value today to its past performance using the Nio financials tab at the top of this page.
What is the 52-week low for Nio stock?
The 52-week low for Nio stock is $11.67. NIO stock is currently 4.26% above the 52-week low.
What is the 52-week high for Nio stock?
The 52-week high for Nio stock is $44.27. NIO stock is currently 72% below the 52-week high.
What is the stock forecast for Nio?
The average Nio stock forecast has a price target of $170 by the end of 2025. Nio’s latest financial results, the broader economic outlook, and the amount of competition in the industry all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt, but you can use their estimates to help you understand the weight of opinion about a stock. Read our latest Nio price forecast for more analysis and guidance.
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