Nio, the Chinese electric vehicle manufacturer, has recently announced a significant cut in its delivery estimates for the fourth quarter of 2021. The company now expects to deliver only 23,500 vehicles, down from its previous estimate of 25,000 to 26,000. This news has sent shockwaves through the market, causing Nio’s stock price to plummet by 5% in after-hours trading.
Chinese electric vehicle maker Nio has reported a staggering loss of $2.9 billion in its latest financial report. The company’s stock price has plummeted amidst growing competition in the EV market.
*Analysts express concerns as Nio’s stock price plummets below crucial support levels*
*NIO unveils its latest electric masterpiece, the ET9, positioning itself as a formidable contender in the luxury EV market.*
China-based electric vehicle (EV) maker, Nio, has recently introduced its latest model, an executive electric sedan designed to take on luxury vehicles like the Porsche Panamera. The all-electric sedan, aptly named the Nio Executive EV, aims to challenge the dominance of high-end gasoline-powered cars in the premium sedan segment.
Chinese electric vehicle manufacturer Nio has announced a significant investment of $2.2 billion from Abu Dhabi’s state-owned investment company, CYVN. This latest funding round marks a significant milestone for Nio as it seeks to challenge the dominance of Tesla in the global electric vehicle market.
