Nio Shares Extend Rally On News Of Potential Financing [Yahoo! Finance News]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am
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Source: Yahoo! Finance News
Underlining its inherent volatility, Chinese electric vehicle manufacturer Nio Inc – ADR NIO Nio Funding Moves Stock Nio shares rallied to an intraday high of $4.48 before ending Wednesday's session at $4.29, a gain of 14.10%, on four times their average volume. The rally was sparked off by a report in Sina that said Guangzhou-based automaker Guangzhou Automobile Group Co Ltd GNZUF GAC confirmed in a communication to the Shanghai stock exchange Thursday that its units and external parties could invest as much as $150 million in Nio. Nio said in a separate statement Nio's Funding Needs Nio posted a record delivery number for the fourth quarter As of Sept. 30, the company had cash and cash equivalents of $274.3 million. For the third quarter alone, the company's operating expenses were $306.06 million. Nio acknowledged in it third-quarter release that the cash balance is not adequate to provide the required working capital and liquidity for continuous operation in the next 12 months.
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NIO
News
- Here's Why NIO Inc. (NIO) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- VW, BMW Out to Prove They're Not a Spent Force at China Car Show [BNN Bloomberg (Canada)]BNN Bloomberg
- NIO: In Search Of A Bottom [Seeking Alpha]Seeking Alpha
- Xiaomi's Success Means More Trouble for Battered China EV Stocks [BNN Bloomberg (Canada)]BNN Bloomberg
- Nio Inc - (NYSE: NIO) had its "neutral" rating re-affirmed by analysts at Macquarie. They now have a $5.00 price target on the stock.MarketBeat
NIO
Earnings
- 3/5/24 - Beat
NIO
Sec Filings
- 4/9/24 - Form 6-K
- 4/9/24 - Form 20-F
- 4/4/24 - Form SC
- NIO's page on the SEC website