Nio. Inc (NIO) is one of the Chinese automobile manufacturers that specialize in developing electronic vehicles. It was found in November 2014.
On 11 November, Nio announced it reached new record-high monthly deliveries by selling 5,055 vehicles in October, which had an increase of 100.1% year-over-year. Also, NIO delivered totally 31,430 vehicles in 2020, which had an increase of 111.4% year-over-year.
After the October update revealed, Shares of Nio rose over 9% to USD33.32 in the stock market trading on 2 November, reaching a record 34.94 intraday.
Nick Lai, an analyst from JP Morgan, optimistically believed that Nio will be a winner in the premium space among brands in China in long term. He also expected Nio will dominate around 30% of the premium passenger Electric Vehicle market or reach 334,000 units by 2025.
