NIO Inc. ADR NIO shares, -4.60% fell 3.38% to $ 53.51 on Tuesday, in what proved to be a totally positive trading session for the stock market, with the NASDAQ Composite Index COMP, 0.06% up 1.31% to 12,036.79 and the Dow Jones Industrial Average DJIA, -0.45% up 1.54% to 30,046.24. The stock dip resulted in a three-day winning streak. NIO Inc. ADR closed $ 2.19 short of its 52-week high ($ 55.70), which the company hit on November 23.

NIO Stock: The shares under performed when compared to some of its competitors on Tuesday, such as Tesla Inc. TSLA, -1.50% up 6.43% to $ 555.38, Toyota Motor Corp. ADR TM, -2.52% was up 0.40% to $ 143.84, and Ferrari NV RACE, 0.59% was up 0.16% to $ 210.30. Turnover (242.8 M) exceeded its average 50-day volume of 161.0 M.

NIO Stock Price

NIO Inc.

NIO is a Shanghai-based electric vehicle producer known as “Tesla of China”. The company designs, manufactures and sells premium cars under the ES8, EVE and EP9 brands. It is also involved in providing power and service packages to its users, developing e-power trains, batteries and other components. NIO has a strategic collaboration with Mobileye N.V. for the development of automated and autonomous vehicles.

NIO delivered 5,055 vehicles in October 2020 alone, recording a new monthly rise with an increase of 100.1% year on year. The company has already delivered 31,430 vehicles this year, an increase of 111.4% over the same period last year. Cumulative deliveries of ES8, ES6 and EC6, as of October 31, 2020, reached 63,343.

Total revenue increased 146.4% year on year to $ 666.6 million in the third quarter of 2020. The vehicle’s margin was 14.5%, compared with the previous quarter’s 9.7%. NIO is not yet generating profit. However, quarterly losses per share continue to decline. The company reported an adjusted loss of $ 0.82 per share in the quarter, significantly improving from the previous quarter’s loss of $ 1.08 per share.

Headquarters: Shanghai, China
Foundation: 2014
Subsidiaries: Beijing NIO Network Technology Co., Ltd, MORE

www.nio.com