Rising EV giant Nio announced its 5th Annual Day event which will take place on December, 18th. It is said to be held at the Olympic sports Centre in Suzhou west of Shangai. News reported, following which shares of Nio gained 1.06% on Tuesday and closed the trading session at 40.03% per stock. Thus reclaiming the 40% price level for the first time since the first week of September, according to Stocks Reporter.Founded by William Li in November 2014, Nio is a publicly traded Chinese Automaker who extended its gains on Tuesday. As a result, the Chinese EV maker stock is now up nearly 12% over the past five days. Revenues of $1.2 billion and $1.3 billion have been generated during Q1 and Q2 respectively and it is expected that revenue has hit a new record-high in Q3 as NIO manage to deliver a staggering 10,628 vehicles during September.Earlier this year, mention was made about plans to expand outside of China as it inches closer to doubling its production capacity. It is expected to begin in Norway and potentially expand to other parts of Europe. The company has already committed to release its flagship ET7 Sedan in Germany as early as 2022. So, It will come to no surprise if announcements are made about further expansions in Europe at the event.Find out how you can Invest with MEXEM.
Published by
%202.png)
.png)
.png)
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital
ÂŠď¸ MEXEM AFRICA (PTY) LTD (MEXEM AFRICA) is an authorized financial services provider (FSP 48325). All trades on the MEXEM AFRICA platform are subject to the legal terms and conditions to which you agree to be bound.
The MEXEM AFRICA platform enables users to invest in securities. MEXEM AFRICA acts as an agent for the issuance of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions, and all the economic benefits and risks associated with share ownership.
The availability of any share on the MEXEM AFRICA platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you. Images are for illustrative purposes only and past performance is not necessarily an indication of future performance.
â
The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between MEXEM AFRICA and the listed company or the payment of fees for services. Brand logos are owned by the respective companies and not by MEXEM AFRICA. The use of a companyâs brand logo does not represent an endorsement of MEXEM AFRICA by the company, nor an endorsement of the company by MEXEM AFRICA, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the MEXEM AFRICA website.
Read our Forms & Disclosures.
