Categories: Latest News

NIO shares at all-time high ahead of NIO Day

NIO delivered 43,728 vehicles in 2020, a 112% increase on 2019

NIO shares broke to all time highs in Friday’s session as investor eagerly awaited the fourth annual ‘NIO Day’ and the unveiling of a new flagship car.

Listed in New York, NIO is China’s answer to Elon Musk’s Tesla with a range of smart and sustainable automotives that use electric batteries.

NIO Day is celebration of the Chinese company’s technology and is akin to Apple’s launch events with investors and media abuzz with the latest unveiling of new products.

2020’s NIO Day comes days after the company released bumper delivery figures that showed a 121% increase in December when compared to a year prior.

NIO delivered 7,007 vehicles in December and a total of 43,728 in 2020 – a 112% increase on 2019.

The growth in delivered vehicles has been reflected in NIO shares which posted strong gains through 2020. Having traded below $4 in January 2020, shares in ‘China’s Tesla’ touched $59 the day before NIO Day 2020.

2020 has been a challenging year for the whole world. Against this backdrop, NIO has achieved consecutive record-highs along the way, and closed the year on a high note with a remarkable December deliveries of over 7,000 vehicles, said William Bin Li, founder, chairman, and chief executive officer of NIO.

These results are attributable to the growing recognition of our premium brand, the competitive and compelling products and services, the expanding sales network, and most importantly, the continuous support from our passionate and loyal user community. The innovative Battery as a Service (BaaS) model has shown popularity among our users since its launch. With the 100kWh battery pack offered as an option, the penetration of BaaS has reached over 40% among new orders in December, demonstrating its competitiveness and acceptance by our users.

At the fourth NIO Day scheduled on January 9th, 2021, we will unveil our new sedan model and share the latest development of our autonomous driving and other core technologies. Aspired by the spirit of ‘Always Forward,’ the theme of the upcoming NIO Day, we will continue investing in the smart EV technologies, accelerating our new products development, broadening our sales and service network, and striving for the best holistic experiences for our growing user community in 2021 and beyond, he said.

NIO’s Chinese company name translates to ‘blue sky coming’ – worth noting with NIO shares trading at all time highs prior to NIO Day.




Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Share
Richard Stanley

Recent Posts

World stock markets hit record highs

Asian stocks touched new peaks, Wall Street reached new highs, and MSCI’s global index added 0.28% World stock markets racked… Read More

4 hours ago

London stocks to open marginally lower

The FTSE 100 finished 0.4% lower at 6,715.42 on Thursday, down 0.3% since the week began Stocks in London are… Read More

4 hours ago

Indonesia stock market flat

The Jakarta Composite Index ended slightly lower, dropping 0.25 percent at 6,413.89 The Indonesia stock market has alternated between positive… Read More

5 hours ago

Netflix share price soars to double-digit gains on 200 million subscribers milestone is passed

The Netflix share price has soared by almost 13.5% in early trading on Wall Street this morning after the television… Read More

1 day ago

Stock market surges as Biden becomes president

The S&P 500 added 13 per cent on Wednesday, the best increase seen for any president since 1952 The stock… Read More

1 day ago

China stock market bounces higher again

The index added 0.47 percent to close at 3,583.09, while the Shenzhen Composite Index climbed 1.43 percent to finish at… Read More

1 day ago

This website uses cookies.

Read More