NIO

Electric vehicle (EV) manufacturer $NIO seems to be enjoying the fruits of a particularly generous Chinese government of late. China's National Development and Reform Commission "urged local governments to ease restrictions on car purchases and introduce measures to encourage new car purchases."

Today we'll take a look at the latest news and updates on Nio $NIO, as the last month has been more than just a good one for Nio investors (+52%).

So I finally found the reason for yesterday's rise in Nio $NIO.... In a bid to revive its lagging economy, the National Development and Reform Commission (NDRC), the government agency responsible for economic development in China, has said it is keen to bring in private capital to help in the development of major projects across the country, including EV and infrastructure...
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Most Asian stocks rose sharply today on expectations that China is close to completing its rate hike cycle for this year, while the prospect of further stimulus measures from China following weaker economic data is also supporting growth.

Nio $NIO so up +11.8% on HKG today 👌.

Yesterday, we saw $NIO stock shoot up more than 11%.

This is because the company's CEO, Li Qiang, predicted at the World Economic Forum on Tuesday that China's economy will grow faster in Q2 than the 4.5% rate it grew at in Q1, and further claimed that it is on track to achieve annual growth of around 5%.

In addition to Qiang's overall bullish view on the Chinese economy,...
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As of June 26, Nio $NIO has 1,501 battery exchange stations in China. I note that at the beginning of June it was 1,448, so it is expanding nicely infra in China as can be seen in the image below.

NIO $NIO has signed a share subscription agreement with CYVN Holdings, which will invest approximately $1.1 billion through the purchase of NIO shares. The two companies have also agreed to cooperate on international trade 👌

China on Wednesday unveiled a 520 billion yuan ($72.3 billion) package to boost electric vehicle sales! $TSLA, $GM, $F, $RIVN, $NIO, $LCID

I know there are quite a few Niofans already here, so I'm adding an update that probably won't bring millions to the coffers, but definitely an interesting extra service 👇

NIO$NIO will launch a trial next month that will give car owners in China the flexibility to rent the company's cars when traveling in Europe. NIO's destination travel service in Europe will begin trial...
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"There's no interest in those electric cars, rebates won't help them, it's a dying company."

My base case scenario for the rest of the year and $NIO: Rebates will help boost supply again, which will start to positively impact the company's profits (I'm not counting on profitability yet this year). The target price, in a positive scenario, could be $15 per share by year-end in my...
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The urgency for NIO $NIO to increase volumes and cut costs is finally here, says Deutsche Bank. With widespread NIO price cuts and the rapid introduction of new NT 2.0 models, Edison Yu's team believes there could be a significant sales recovery in the second half of the year.

Just a little bit more and I'll be in profit again 🙏 Nio $NIO gained 8.18% after yesterday's rally, almost +25% in the last 5 days, and we are approaching the $10 mark (my average buy is around $11).

So I'm scouring the internet, see $NIO up another +3% in the premarket, and an article pops up asking Google Bard about $NIO' s share price performance in the coming years. Let's take a quick look at it.

It's here, the pressure for profitability is mounting!

Nio$NIO said on Monday that it will lower the prices of all its models and end free battery replacement services to new buyers!

What do you think of Nio $NIO's quarterly results?

Chinese electric car maker Nio reported its Q1 2022 results on Friday. While the results fell short of analysts' expectations, they showed surprising discipline in operating costs, which is positive news for investors.