AnaiAnai
03-26

$NIO Inc.(NIO)$  Nio recorded 2,400 registrations, increasing 20.0% from 2,000 units the previous week. In the first three weeks of March, Nio registered 6,300 vehicles in China.

Onvo posted 1,200 registrations, down 7.7% from 1,300 units a week earlier. In the first three weeks of March, Onvo registered 3,600 vehicles in China. Onvo sells a single model, an L60 SUV, launched in September 2024 to compete with Tesla Model Y.

NIO Issues New Shares: Is It Still Worth Investing?
NIO's US pre-market shares plummeted sharply, currently down nearly 7%. The company plans to issue shares at a price of HK$29.46 per share, offering up to 118.79 million Class A ordinary shares. The company intends to use the net proceeds from the stock placement for the development of smart electric vehicle technology and new products. Other China EV companies have successfully transformed, especially Xpeng, which has risen 70% this year. Is NIO still worth investing in? Will its stock price drop below the previous low? What is your target price?
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