What's Going On With NIO Stock Today?

NIO Inc. NIO shares are trading lower on Tuesday.

In fact, shares of U.S.-listed Chinese stocks are trading lower in possible reaction to President-elect Trump’s administration picks, which could raise concerns about a tougher China stance.

According to Benzinga Pro, NIO stock has lost over 36% in the past year. Investors can gain exposure to the stock via Invesco Golden Dragon China ETF PGJ and KraneShares Electric Vehicles and Future Mobility Index ETF KARS.

Customers in China can now expect delivery of the NIO Onvo L60 within 10-14 weeks, a slight decrease from the previous 12-16 week wait time, reported CnEV Post.

This reduction suggests that production capacity may have increased. The change was confirmed through the Onvo App. The shorter wait times indicate that NIO is scaling up production to meet growing demand, the report read.

NIO announced that it delivered 20,976 vehicles in October, including 16,657 NIO brand vehicles and 4,319 Onvo brand vehicles.

Deliveries of the first Onvo vehicle, the L60, began in late September, making October the first full month of sales for the affordable, family-oriented Nio sub-brand. 

Also Read: EV Maker Nio Marks Battery Swap Network Milestone, Rumors Swirl Around 2nd Onvo Electric SUV

Onvo has plans for a second electric SUV with deliveries scheduled for the third quarter of 2025. However, a report from CnEVPost claims the second Onvo model will be a six- or seven-seat electric SUV and will debut by the end of the first quarter in 2025. The report cited local tech media outlet Leiphone. 

“If you think the L60 is good, then this new model is a much more competitive product,” NIO CEO William Li said during the L60 launch.

Price Action: Nio shares traded lower by 8.89% at $4.615 at the last check Tuesday.

Photo via Shutterstock

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