Automaker NIO aims to be a great long-term investment
Nio (NIO) currently trades at $2.74 and has grown by 1.30% today. Nio has delivered 1,533 vehicles, representing a 116.8% M/M growth in March. The company plans to commence deliveries of the all-new ES8 with more than 180 improvements in April 2020. “As the COVID-19 outbreak is largely brought under control in China at this stage, we will continue working closely with our supply chain partners to resume normal productions. Meanwhile, we remain committed to roll out NIO Spaces and integrate online and offline sales channels to further boost our order growth,” said Steven Feng, the chief financial officer of Nio.
Based on this information, investorsQ rates this stock 5 out of 10. We give it this rating based on current information written in this article. The high forecast for Nio is $89.46 and the low is $6.29. Notably, the company’s market cap is $2.88 billion with a 52 week high of $5.65 and a 52 week low of $1.19. NIO went up to $0.03 from the previous closing price of $2.71. NIO has changed in price by -2.6 per share in the last 12 months.
Nio is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric autonomous vehicles. The company is also involved in the FIA Formula E Championship, the first single-seater, all-electric racing series.