What's Going On With NIO Stock Today?

NIO Inc. NIO shares are trading nearly flat in the morning session on Friday.

According to Benzinga Pro, NIO stock has lost over 71% in the past year. Investors can gain exposure to the stock via KraneShares MSCI China Clean Technology Index ETF KGRN and KraneShares Electric Vehicles and Future Mobility Index ETF KARS.

NIO’s charging network has been plugged into by Chinese bike-sharing giant Hellobike, a survivor of the country’s bike-sharing craze, marking the latest to utilize one of China’s largest charging networks, reported CnEV Post.

Hellobike announced that starting in August, its users will be able to access NIO’s charging piles through Hellobike’s mobile app and its mini programs on Alipay and WeChat.

Also Read: Nasdaq, S&P 500 Futures Climb After Thursday’s Strong Rebound, Bitcoin Sizzles: Analyst Predicts A Roller Coaster Ride For Stocks Until This Happens

According to the company, users who utilize NIO’s charging piles through Hellobike between August 7 and 31 will receive a discount of at least 30%.

The company initially started with a bike-sharing business and has gradually evolved to offer services including two-wheeler sharing services, four-wheeler mobility services, and local lifestyle services.

Per the report, NIO has one of the largest numbers of public charging stations among Chinese auto brands, with 2,312 supercharging stations offering 10,548 chargers and 1,623 destination charging stations offering 12,408 chargers in China as of today.

Recently, a supplier statement reportedly suggested that NIO is constructing two new vehicle assembly plants, named F3 and F4.

Miracle Automation Engineering revealed that it has secured the contract for NIO’s F3-1 final assembly mainline conveyor project, reported CnEV Post.

This project represents a further deepening of its partnership with NIO, following the F4 assembly conveyor line project.

Price Action: NIO shares are trading lower by 0.13% to $3.81 at last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

Read Next: 

• As Nvidia Leads Magnificent 7 Volatility, Analyst Says These Mega-Caps Are Poised To Outperform Small-Caps — But There’s A Catch