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Nio's Onvo L60 is a good bet for that growth and could shift the company into higher gear. The new electric SUV starts at roughly $21,200 and is aimed directly at competing with rival Tesla 's ...
Nio's entry into the mass market arrived with September's launch of the Onvo L60, a midsize SUV priced at $21,000 for the base model designed to challenge Tesla's Model Y. Initial L60 deliveries ...
NIO Inc. (NYSE:NIO) shares are trading higher in premarket Tuesday ahead of the company’s upcoming third-quarter financial results, set for release on Wednesday, November 20, before U.S. markets ...
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Nio still has a lot to prove over the next few years. But with an enterprise value of 67.3 billion yuan ($9.3 billion), it looks like a screaming bargain at less than 1 times this year's sales.
Nio expects to maintain that momentum with 61,000 to 63,000 deliveries in the third quarter, which would represent 10% to 14% growth from a year earlier, as its revenue rises 0% to 3% year over year.
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At the launch event, Alan Ai, president of the Nio sub-brand, said that Onvo vehicles would have access to Nio’s battery swap and charging stations network. Nio stock lost 33% in the last 12 months.