Previous close | 216.92 |
Open | 219.39 |
Bid | 214.86 x 0 |
Ask | 214.88 x 0 |
Day's range | 213.51 - 215.85 |
52-week range | 162.77 - 276.58 |
Volume | |
Avg. volume | 12,411,796 |
Market cap | 601.482B |
Beta (5Y monthly) | 0.52 |
PE ratio (TTM) | 20.51 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.14 (0.53%) |
Ex-dividend date | 28 Jul 2023 |
1y target est | N/A |
Nio Inc (NYSE:NIO) stock was trading higher Thursday amid reports that the EV maker is launching its first vehicle under the Onvo brand, marked at a discount versus Tesla Inc (NASDAQ:TSLA). It has reversed the gains since then. Nio’s L60 SUV will be priced around $4,000 less than Tesla’s Model Y. Nio plans to deliver the L60 in September. Nio’s CEO, William Li, mentioned in a CNBC interview that he anticipates Onvo will eventually sell its cars internationally. Also Read: Tesla’s Chinese Rival N
Chinese car makers are ramping up electric-vehicle production, posing a challenge to U.S. automakers. WSJ’s Yoko Kubota traveled to the city of Hangzhou to see the impact of China’s EV boom. Photo: The Wall Street Journal
President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway.