It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The futuristic concerns primarily drive NEO’s developers, as they are focused on making NEO the foundation for an economy of the future. What’s next for Nio? © Copyright 2020: Lombardi Publishing Corporation. Tuesday's rally was also part of a surge in the shares of other EV makers, and a broader market bounce. He sees Nio as the leader of an emerging class of China-based automakers backed by large, well capitalized technology giants and local governments, which he refers to the "Fab Four": Nio, XPeng Inc. , Li Auto Inc. and WM Motor. (Source: “Tesla Third Quarter 2018 Update,” Tesla Inc, October 24, 2018.). One of the things Citron Research mentioned in its report is NIO’s big-name shareholders. Thinking about buying stock in Vaxart Inc, Aytu Bioscience, Lakeland Industries, United Airlines, or Nio Inc? One feature of NEO is that it cannot be divided. Announces Pricing of Offering of 88,500,000 American Depositary Shares, NIO Inc. This suggests that the stock has a possible downside of 31.7%. Privacy Notice and Having a large following, solid backers, and talented management are certainly good things for this new electric vehicle company. Shares of electric vehicle manufacturer Nio (NYSE:NIO) tanked after an attention-grabbing announcement. Let’s see what is happening off and on the price chart and what a risk-adjusted opportunity for the road ahead might look like for today’s investors. Going forward, management expects to deliver between 6,700 and 7,000 units of the ES8 in the fourth quarter of 2018, which would more than double the amount it delivered in the third quarter. NIO, Inc. (China) quote is equal to 17.970 USD at 2020-09-14. ET by Tomi Kilgore Jing Pan, B.Sc, MA But is Nio stock really an investment to steer clear of? NEO price for today is 20.75 USD. 1125 N. Charles St, Baltimore, MD 21201. Read Full Bio. Some momentum stocks, like Tesla, have yet to record a full-year profit, but their future potential and recent stock performance have still attracted hordes of buyers. NEO is a blockchain platform for the advancement of digital assets and smart contracts. Also, its efforts to gobble up market share make sense. The company was founded by Li Bin and Qin Li Hong in November 2014 and is headquartered in Jiading, China. The most notable one is “Power Swap,” which automatically replaces the battery pack for NIO’s vehicles in just three minutes. Pierre Ferragu of New Street Research said that Tesla’s price target for the next 12 months is $800. Here Are Some Metrics. Heavy discounts and new-model debuts add momentum to a second-half recovery in the world’s largest auto market after a pandemic-disrupted first six months of the year. Although it is also facing a number of headwinds, this year could be very positive for NEO.