Nio Inc (NIO) Stock – Price Chart (2024)

Discover historical price data for NIO Inc. stocks and take your profit on price changes.

NIO shares belong to the securities of electric car manufacturers. This sector is quite promising right now, as electric cars are gaining popularity. NIO is a young company, but it is increasing its car production at a fast pace. The Chinese electric car manufacturer is gradually entering international markets and has announced deliveries of cars to Europe.

Basic information about the company

NIO is a Chinese automaker that specializes in the development of electric cars. The company was founded in 2014 and is based in Shanghai. Its founder is William Li, chairman of Bitauto and NextEV. As early as October 2016, the automaker announced that it had received permission from the California Department of Motor Vehicles to test autonomous vehicles. This allowed it to begin testing its vehicles on public roads.

NIO stock is listed on the New York Stock Exchange under the ticker symbol NYSE: NIO and on the Hong Kong Stock Exchange under the ticker symbol SEHK: 9866. The company filed for an IPO on the NYSE in September 2018. The automaker has attracted investments from major market players such as Tencent, Temasek, Sequia, Lenovo and TPG during its operations.

The company's activity

The first NIO electric car was unveiled in 2016. However, this EP9 supercar was not put into production. In late 2017, the company launched the ES8 full-size SUV. Over the past few years, the Chinese manufacturer's lineup of electric vehicles has expanded to include the ES6 and EC6 SUVs and the ET5 and ET7 sedans. In June 2022, the company announced the launch of the ES7 SUV. All of the automaker's vehicles come equipped with Nomi voice assistant, an autopilot system and other basic features.

NIO differs from its domestic and foreign competitors in the use of battery replacement stations. Thanks to this, drivers are able to quickly replace worn-out batteries with fully charged ones. Other electric car manufacturers usually use charging stations. This approach makes this company similar to electric scooter supplier Gogoro, which also builds battery replacement stations for passengers. Both companies charge a subscription fee for the use of such stations.

The latest news on the stock price

Nio's stock price fell more than 40 percent in September 2022. The drop in the electric car maker's stock price continued in October. This was due to the disappointing macroeconomic news. Thus, inflation data in the U.S. was worse than expected, forcing the Fed to continue raising interest rates. Though Nio is not doing business in the U.S. yet, the interest rate hike will have global implications anyway, including for the Chinese electric car maker.

On Oct. 17, 2022, Nio stock was up nearly 6 percent. This rise in quotations came after Chinese President Xi Jinping announced the country's development plans for the next five years. He stressed the need for China to focus on developing its own technology, which partly refers to the creation of electric cars. Following Xi Jinping's speech, the S&P 500 Index (up 2.7%) and the Nasdaq Composite (up 3.4%), which includes stocks of technology companies, also rose.

✅ Benefits of investing in NIO

• NIO's business is quite unprofitable as of 2022, but the corporation continues to work on increasing sales and improving its business strategy. For example, the electric car maker's gross profit in 2021 rose to a positive 18.9 percent, compared to a negative 5.2 percent in 2018.
• Despite the global economic problems in the world, analysts predict strong sales for NIO in the coming years. Experts expect car sales to grow by more than 60% by the end of 2022. In 2023, the electric car manufacturer's sales could rise by 80% or more.

❌ Disadvantages of investing in NIO

• Although NIO's sales forecasts for the coming years look quite optimistic, analysts' expectations may not be met. Due to the tense economic situation in the world, demand for expensive electric cars, which start at $70-80 thousand, may fall among average consumers.
• The International Energy Agency announced that OPEC+ countries' cuts in oil production could trigger a global recession. The global economic slowdown and recession will lead to a significant reduction in demand for cars. This will be a negative moment for the manufacturer of electric cars, which has already introduced several new car models and is expanding deliveries to Europe. Against this backdrop, investors have become more wary of risky stock market assets, including Nio stock.

Financial performance

In the second quarter of 2022, the company's net loss rose to $412 million. Total revenue rose 22% year over year, exceeding $1.5 billion. Car margins were at 18% in the first quarter of 2022, but declined to 16.7% in the second quarter. On the other hand, the company has $8.1 billion in cash reserves, so the electric car maker will own enough capital to continue operations in the near term, despite a growing net loss.

NIO stock price forecast for 2023, 2025, 2030

Some investors see NIO's stock price decline as a good opportunity to buy the asset for the long term. However, analysts warn that this corporation's securities are considered a risky asset at this time because of global economic uncertainty.

While making out share price forecasts for NIO stock, analysts disagree. For 2023, experts set the maximum level of the company's quotes at $30. Some analysts see potential growth in the value of the Chinese carmaker's securities above this level. By 2025, analysts expect the NIO stock price to rise to $55. The growth of quotations may be promoted by the increase in demand for electric cars in the world. NIO's stock could rise to $70 by 2030, which is a good prospect for long-term investors.

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