Nio Inc. - NIO STOCK NEWS

Sunnova Energy International Inc. (NYSE: NOVA) has appointed Mary Yang as an independent Class III director of its Board, effective October 13, 2021. Yang brings over 25 years of technology experience, enhancing the board's capabilities amid Sunnova's focus on software development and innovation. She has held significant roles in corporate development at NIO and Fortinet and currently serves as Chief Strategy Officer at Ciena. Her expertise is expected to contribute to the company's growth as a technology-enabled service provider.

NIO reported record deliveries for September 2021, achieving a total of 10,628 vehicles delivered, marking a 125.7% increase year-over-year. For the third quarter, NIO delivered 24,439 vehicles, reflecting a 100.2% year-over-year growth and surpassing its quarterly guidance. Cumulative deliveries of NIO’s models (ES8, ES6, EC6) reached 142,036 as of September 30, 2021. The company also opened its NIO House and initiated vehicle deliveries in Norway.

NIO Inc. (NYSE: NIO) has announced an at-the-market equity offering program to sell up to $2 billion of its American depositary shares (ADSs). The ADSs represent one Class A ordinary share of the company. Notable sales agents for this offering include Credit Suisse, Morgan Stanley, and Goldman Sachs. Proceeds from the offering are intended to strengthen the company’s balance sheet and for general corporate purposes. The offering is conducted under the shelf registration statement filed with the SEC, and further details can be found in the prospectus supplement.

NIO delivered 5,880 vehicles in August 2021, a 48.3% year-over-year increase. Despite a record number of new orders, the company revised its delivery forecast for Q3 2021 to 22,500 to 23,500 vehicles due to supply chain disruptions caused by the COVID-19 pandemic. August deliveries included 1,738 ES8s, 2,342 ES6s, and 1,800 EC6s. Cumulative deliveries reached 131,408 by August 31, 2021.

NIO Inc. reported Q2 2021 total revenues of RMB 8,448.0 million (US$1,308.4 million), a 127.2% increase year-over-year. Deliveries rose to 21,896 vehicles, marking an increase of 111.9% from Q2 2020. Vehicle margin stood at 20.3%, while gross profit was RMB 1,573.9 million (US$243.8 million), up 402.7% YoY. Despite a net loss of RMB 587.2 million (US$90.9 million), this reflects a 50.1% decrease from the previous year. Looking ahead, NIO expects deliveries between 23,000 and 25,000 vehicles for Q3 2021.

NIO Inc. reported strong delivery results for July 2021, with a total of 7,931 vehicles delivered, marking a significant 124.5% year-over-year growth. The deliveries included 1,702 ES8s, 3,669 ES6s, and 2,560 EC6s. Cumulative deliveries of NIO's vehicles, including the ES8, ES6, and EC6, reached 125,528 as of the end of July 2021. This performance underscores NIO's position as a leader in the premium smart electric vehicle market in China.

NIO Inc. will disclose its second quarter 2021 financial results on August 11, 2021, after U.S. market close. The company is a leader in China's premium smart electric vehicle market. Following the results, management will host an earnings call at 9:00 PM ET, which can be accessed through a live and archived webcast on their investor relations site. Participants can join via dial-in numbers provided after registration. NIO continues to innovate in autonomous driving and electric vehicle technologies, with a focus on enhancing user experience.

NIO Inc. has appointed Ms. Yu Long as an independent director on its board effective July 12, 2021. Ms. Long, who is the Founding and Managing Partner of BAI Capital, will also chair the nominating and corporate governance committee. In a related move, William Bin Li, NIO's founder and CEO, is stepping down from the committee. This leadership change aims to enhance NIO's board with Ms. Long's extensive experience in technology investment and governance, supporting the company's commitment to innovative electric vehicles and customer experience.

NIO Inc. achieved record-breaking vehicle deliveries in June 2021, with 8,083 vehicles delivered, marking a 116.1% year-over-year increase. In the second quarter, NIO delivered 21,896 vehicles, a quarterly record with an impressive 111.9% growth year-over-year. Cumulative deliveries of NIO's ES8, ES6, and EC6 reached 117,597 units by June 30, 2021. NIO continues to innovate in premium smart electric vehicles, focusing on advanced technologies like Battery as a Service and Autonomous Driving as a Service.