Nio stock rose 6.1% on Thursday following Wednesday's double-digit rally. Chinese EV maker sees 135% gain in YoY April deliveries. BYD, other Chinese EV stocks also make gains. Nio is deliveringits 2024 ET7this week to buyers. Nio stock traded up 6.1% into the close on Thursday in its second straight day of gains. The Chinese electric vehicle manufacturer is still benefiting from better than expected delivery figures posted on Wednesday and overall improving sentiment toward China .
What is the market share held by EVs? EVs are growing from a small base, but they rose from 9% of global new auto sales in 2021 to 14% of the total in 2022. This was a 65% YoY growth rate, and the industry delivered 10.2 million EVs worldwide in 2022. Projections show this number climbing above 16 million in 2023. Across the world, market shares differ greatly among nations. Nearly 88% of Norwegian new car sales in 2022 were EVs.
China Newstrading Technical Analysis Nasdaq
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nio's UK Market Aspirations: Adding a European FlavourNio, the Chinese electric car maker, is working on providing its future models with a European flavour in its workshop in Oxfordshire. Although Nio is already active in several European countries, it has yet to officially launch in the UK. However, the company plans to start UK sales in 2025 as part of its global expansion. Nio's chief engineer is confident that their models will meet the expectations of UK buyers in a segment dominated by Audi, BMW, Jaguar, and Mercedes-Benz.
Source: autocar - 🏆 93. / 67 Read more »
China's Nio to expand battery swap services to gain an edge on EV infrastructureBattery swapping takes only a few minutes and is expected to better address consumers' driving range concerns.
Source: CNBC - 🏆 12. / 72 Read more »
Nio expands battery swap partnerships to gain edge in EV infrastructureNio has partnered with several Chinese automakers to develop battery swap standards and expand the network in China. The company has installed over 2,300 battery swap stations, but only a fifth of them are currently profitable. Nio's investment in battery swap stations is ahead of market demand, according to CEO William Li. The company has also partnered with battery giant CATL and two local battery companies to alleviate consumers' concerns about driving range.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Nio expands battery swap partnerships to gain edge in EV infrastructureNio has partnered with several Chinese automakers to develop battery swap standards and expand the network in China. The company has installed over 2,300 battery swap stations, but only a fifth of them are currently profitable. Nio's investment in battery swap stations is ahead of market demand, according to CEO William Li. The company has also partnered with battery giant CATL and two local battery companies to alleviate consumers' concerns about driving range.
Source: CNBC - 🏆 12. / 72 Read more »
Nio ET5 (2024) review: hitting ‘em where it hurtsCAR magazine UK drives the Nio ET5 electric saloon with pictures, specs and verdict
Source: CARmagazine - 🏆 382. / 55 Read more »
China EV maker Nio urges openness in US speech amid tensionsChina EV maker Nio urges openness in US speech amid tensions
Source: Investingcom - 🏆 450. / 53 Read more »