Who builds NIO?

William Li is a Chinese business executive and entrepreneur who is the founder and CEO of the electric car manufacturer NIO. In June 2021, Bloomberg Billionaires Index estimated Li's net worth to be US$7.11 billion. Li co-founded and invested in over 40 companies in the internet and automotive industries.

Who makes NIO electric cars?

SHANGHAI, June 10 (Reuters) - Chinese electric-car maker Nio (9866.HK) said that in 2024 it will start making high-voltage battery packs that it has developed itself, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla (TSLA.

Where is NIO manufactured?

While NIO continues to grow in China and expand to other markets overseas, its EV manufacturing currently dwells entirely in China in the capital city of Hefei in the Anhui province, so it might make sense to see those kits sent to the US for assembly to start, while a full manufacturing footprint is established.

Is NIO China's Tesla?

Unlike Tesla (TSLA), Nio does not make its own electric cars, instead partnering with a state-owned auto manufacturer. Nio, Xpeng (XPEV) and Li Auto (LI) are startup rivals to Tesla in China, the world's biggest EV market.

Who makes batteries for NIO?

Context: Nio has been sourcing cells manufactured by Chinese battery supplier CATL and assembling them into battery packs at one of its factories in the eastern city of Nanjing since mid-2019, in addition to undertaking in-house production of electric motors.

How NIO Cars Are Built?

Does NIO have a factory in China?

BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours' drive west of Shanghai, after temporarily halting operations due to the Covid outbreak.

Is NIO a good stock to buy 2022?

Hence, the current consensus estimate for NIO in the fiscal second quarter ending June 2022 calling for a 35.5% year-on-year growth in revenue to $1.77 billion looks to be rather unachievable. Recall that NIO delivered 21,896 vehicles in the second quarter of 2021.

Will NIO follow Tesla?

Chinese EV Darling Nio Is Poised to Follow in Tesla's Footsteps.

What's the name of the company that makes the 12 million mile battery?

Two years ago, Tesla patented Dahn's million-mile battery and CEO Elon Musk said he would deploy the long-life battery in 2020. That year has come and gone without Musk executing on these plans.

Will NIO sell in the US?

In 2021, the company began selling vehicles in Norway. In February this year, CEO William Li (李斌 Lǐ Bīn) announced that NIO will be providing services in over 25 countries and regions by 2025. The huge screen behind him displayed a world map with several regions highlighted, including North America.

Who owns NIO Inc?

William Li is a Chinese business executive and entrepreneur who is the founder and CEO of the electric car manufacturer NIO. In June 2021, Bloomberg Billionaires Index estimated Li's net worth to be US$7.11 billion. Li co-founded and invested in over 40 companies in the internet and automotive industries.

Can I buy NIO stock?

Nio, Inc. designs, manufactures and sells smart and connected electric vehicles. Stash allows you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share. of NIO Inc stock, you'll need to sign up for Stash and open a personal portfolio.

Is NIO at risk of being delisted?

Last week the US Securities and Exchange Commission (SEC) put Nio on a list of 80 US-listed Chinese companies that face delisting under the Holding Foreign Companies Accountable Act (HFCAA) if they fail to turn over audit results for three straight years.

Does NIO have a future?

NIO delivered 25,034 vehicles in the fourth quarter of 2021 – 44.3% higher than the same quarter in 2020, according to the company's most recently announced results. Meanwhile, the number of vehicles delivered in 2021 hit 91,429. This was 109.1% up on the 43,727 during 2020. Vehicle sales were RMB9.

Is NIO car popular in China?

Shanghai-based Nio was founded in 2014 by William Li, a billionaire entrepreneur who got rich selling services to the auto industry. Nio currently sells three models and has a fourth on the way for early 2022. It's delivered some 140,000 cars to customers in China and is expanding to Europe.

Who is the biggest Chinese electric car company?

BYD (BYDDY 4.68%) controls the highest share, 18%, of China's EV market. The company derives more than half of its revenue from auto and related products. In November, BYD delivered 97,242 vehicles. Of that, 90,121 units were EVs, including plug-in hybrids.

Which stock is better NIO or Xpeng?

Which One's the Winner? Both Nio and Xpeng represent Strong Buys in the Chinese EV industry. Yet, it's clear that the financial and EV delivery data, while impressive for both companies, tend to favor Xpeng.

Is NIO a long-term buy?

Yes, NIO Stock is a Long-Term Buy

As the BofA analyst stated, the company's sales and margins are looking up, yet investors value it like it's never delivered a vehicle before.

Will NIO come to North America?

The US branch of Chinese automaker NIO continues to make interesting moves in North America, as the company signed a ten year lease on a building in San Jose, CA. The new 200,000+ sq.

What is NIO price target?

The 31 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.38, with a high estimate of 66.84 and a low estimate of 21.94. The median estimate represents a +34.89% increase from the last price of 22.52.

How much of NIO is owned by Chinese government?

The municipal government of Hefei, a city in eastern China, pledged 5 billion yuan (US$787 million) to acquire a 17 per cent stake in NIO's core business.

Is NIO going to build a factory?

【Summary】Electric vehicle startup NIO Inc, which is emerging as one of Tesla's biggest rivals in China, is reportedly looking to build a EV factory in the U.S., a local news outlet reported on Friday, citing new job listings posted by the automaker in China.

How many cars has NIO sold?

NIO car sales – March 2022

So far this year, NIO sold globally over 25,000 electric cars. Cumulatively, NIO sold 192,838 electric cars, including over 94,000 in the recent 12 months.