NIO Limited Company profile
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Nio is considered a trailblazer in the Chinese premium electric vehicle market. The company designs, produces and vendors connected electric vehicles, using smart innovations in autonomous driving, artificial intelligence and connectivity.
The company introduced its first EP9 supercar in 2016. Nio aimed to deliver exceptional speeding up and innovative technology of the electric powertrain.
In 2017 the company launched its first high-volume manufactured EV model, the ES8, which is a seven-seater SUV with the body made completely from aluminum alloy. Later, in 2019, Nio started the first sales of the ES6, a 5-seater electric SUV.
Besides smart vehicles, the company offers additional services, including Power Swap, a battery swapping service, Power Home, a home charging solution, and Power Mobile, offering charging services through special trucks. The company also offers Power Express – an on-demand pick-up and drop-off charging service available 24 hours a day.
Founded in 2014, Nio is headquartered in Shanghai. Nio shares floated on the New York Stock Exchange through an $1.8bn IPO in 2018. Since then the Nio stock quote has been listed and traded on the NYSE.
Since the beginning of 2020, the Chinese electric vehicle manufacturer has positioned itself as a strong competitor for the iconic EV maker Tesla. During roughly 10 months of the year it generated an impressive 600 per cent return for investors.
The price of Nio stock showed an extraordinary performance, driven by an overall optimistic outlook for the electric vehicles industry and subsequent analysts’ price target hikes, which boosted the company’s valuation to $39bn.
Looking closely at the Nio stock price chart we can notice that a serious bull run started in June 2020 as the coronavirus pandemic accelerated a shift towards renewable energy sources.
In times when numerous countries have started favouring electric vehicles as an effective way to decrease the level of pollution, Nio has emerged as a well-grounded business capable of bringing significant profit from the world’s transformation and transition from fossil fuels to alternative sources of energy. This serves as one of the major reasons why the Nio Limited share price has seen a significant upside momentum recently.
Nio stock has skyrocketed since the end of May. Analysing the Nio stock today, we can say that in a 1-year period the NIO share value has been fluctuating within a range of $1.66 – $54.20. Providing their Nio stock predictions for the next 12 months the majority of Wall Street investors are rating the stock as a buy.
The company shared an ambitious goal to produce a total of 150,000 vehicles in 2021, which is a boost of 28,000 units per quarter. This plan can also contribute to a successful Nio stock rally once achieved.
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|Industry: ||Electric (Alternative) Vehicles |
Building 20, No. 56 Antuo Road
Anting Town, Jiading District