Why NIO Stock Is Up Today

Merchants are taking a no longer sleep for the following day’s “NIO Day.”

What took field

Shares of Chinese electrical-car maker NIO (NYSE:NIO) were transferring larger on Friday, a day before a gradual-mannequin repeat on the corporate’s annual match for house owners and followers. As of 12: 15 p.m. EST, NIO’s American depositary shares were up about 8.1% from Thursday’s closing label.

So what

NIO’s annual “NIO Day” match is a accumulate collectively for house owners and followers at which the corporate most regularly displays off mild products and upcoming mild applied sciences. NIO has urged us (some of) what to ask on the following day’s model, to be held in Chengdu:

  • A mild sedan. The mild mannequin is anticipated to appear plenty worship the ET Preview opinion car that NIO offered in 2019. That automobile became a swish, stylish four-door sedan with twin motors and a slew of superior driver-motivate aspects; or no longer it is a accurate wager that the manufacturing model will embody more superior expertise while keeping the opinion that’s looks. 
  • A larger battery. NIO will unveil a gradual 150 kilowatt-hour (kWh) battery pack the following day. That’s a larger deal than it is possible you’ll presumably per chance take into consideration. All of NIO’s manufacturing vehicles thus a ways have modular battery packs. The packs will also be swapped interior and out at computerized stations, and house owners can pork up to elevated batteries (giving more fluctuate) after take or as section of a subscription to the battery-swap provider. As of this present day, the largest NIO battery pack is rated at 100 kWh, accurate for a rated 615 kilometers (about 380 miles) of fluctuate in the impress’s most interesting-selling EC6; the mild pack will signify a nice pork up.
  • Fresh driving expertise. NIO will also existing off a gradual model of its superior driver-motivate machine, which I ask to be commonplace on the mild sedan. 

A

NIO is anticipated to repeat a gradual electrical sedan on the following day’s match. Image supply: NIO.

Now what

Auto merchants who’re looking to have a study NIO Day would possibly presumably per chance soundless take a look at out the corporate’s websites for small print. But existing that it is possible you’ll presumably per chance must face up early if you happen to’re in america, because the match is scheduled to originate at 5: 30 a.m. EST. 


John Rosevear has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.”>

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