Welcome to our dedicated page for NIO American depositary shares, each representing one news (Ticker: NIO), a resource for investors and traders seeking the latest updates and insights on NIO American depositary shares, each representing one stock.
NIO Inc. is a pioneering company at the forefront of the premium smart electric vehicle market. Founded in November 2014, NIO is dedicated to crafting a joyful lifestyle by offering smart, electric and autonomous vehicles that enhance daily life. The company designs, develops, manufactures, and sells premium electric vehicles, pushing the envelope with continuous advancements in technology.
NIO differentiates itself through innovative features like battery swapping and autonomous driving technologies. Its product lineup includes midsize to large sedans and SUVs, with the ES8, a seven-seater electric SUV, being the first model launched in December 2017. Deliveries began in June 2018, and since then, the company has sold over 160,000 electric vehicles as of 2023, capturing roughly 2% of China's new energy vehicle market.
NIO's mission extends beyond making premium electric vehicles; it aims to create a seamless experience that integrates home, work, and travel. The company envisions autonomous cars as future living spaces, prioritizing safety and user experience.
NIO has made significant strides in enhancing its offerings with technologies such as Battery as a Service (BaaS) and subscription-based services. The recently unveiled ONVO brand focuses on enriching family life through smarter vehicle solutions. NIO continues to invest in cutting-edge technologies, aiming to be a leader in next-generation automotive experiences.
As of 2024, NIO has announced its annual report on Form 20-F, detailing its financial performance and audited statements for the fiscal year ending December 31, 2023, which are accessible on the company’s investor relations website.
NIO Inc. announced strong delivery results for March 2023, delivering 10,378 vehicles, including 3,203 SUVs and 7,175 sedans. For the first quarter, total deliveries reached 31,041 vehicles, a 20.5% increase year-over-year, with cumulative deliveries at 320,597 as of March 31, 2023. The company is expanding its battery swapping network, having deployed 1,339 Power Swap stations and plans to install an additional 1,000 in 2023. NIO has also rolled out the NOP+ Beta, with over 30,000 users engaged and a cumulative mileage exceeding 15 million kilometers, enhancing driving experience through continuous updates.
NIO Inc. (NYSE: NIO) reported strong performance for Q4 2022, achieving record quarterly vehicle deliveries of 40,052 units, a 60% increase year-over-year. Total revenues reached RMB 16,063.5 million (US$2,329.0 million), up 62.2% from Q4 2021. Despite the growth, gross profit fell by 63.4% year-over-year to RMB 621.8 million (US$90.1 million), with a gross margin of 3.9%. NIO’s full-year total revenues also increased by 36.3% to RMB 49,268.6 million (US$7,143.3 million), yet net loss for the year soared by 259.4% to RMB 14,437.1 million (US$2,093.2 million).
FAQ
What is the current stock price of NIO American depositary shares, each representing one (NIO)?
What is the market cap of NIO American depositary shares, each representing one (NIO)?
What does NIO Inc. specialize in?
When was NIO Inc. founded?
What was NIO's first vehicle model?
What is Battery as a Service (BaaS)?
How many vehicles has NIO sold as of 2023?
What is NIO's latest vehicle brand?
Where can I access NIO's annual reports?
What are NIO's future goals?
Who can vote at NIO's Annual General Meeting (AGM)?
What markets does NIO target?
