Over the years, people have turned to electric vehicles (EVs) as a more environmentally friendly option. The total cost of ownership is generally cheaper than the typical gas models and offers a better driving experience. The Chinese EV giant Nio (often referred to as the Tesla of China) can be a great option if you believe in the future of electric vehicles or simply wish to diversify your portfolio by investing in multinational firms. But how much is Nio stock?
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Since going public in 2018, Nio’s stock price has dramatically increased while also seeing significant dips. Over the past three years, Nio shares have increased by more than 700%, rising from $1.56 in October 2019 to over $11 in November 2022.
While Nio has seen success over the years, you may want to know more about how much Nio stock is and if it’s worth adding to your investment portfolio.
Read further to learn about how Nio started, how far they have come, and what was the Nio stock price then versus now.
About NIO
Nio was founded by Lihong Qin and William Li in November 2014. Li has a background in the IT sector and has previously founded various web companies.
On the day the company launched, Nio released its first electric vehicle, the EP9 electric hypercar. Since then, Nio has been releasing a new model each year.
Nio filed for a $1.8 billion NYSE initial public offering in September 2018. Due to its difficulties in selling its cars, Nio announced a $1 billion investment in April 2020 from several Chinese investors. As part of this new agreement, Nio would transfer its assets to Nio China, a subsidiary with headquarters in Hefei, China.
Nio established a battery-focused asset management company in August 2018 in collaboration with three other organizations. BaaS (Battery as a Service) was the first service of its kind and contributes to a 25% purchase price reduction for EVs from Nio.
In May 2021, Nio expanded outside China and started selling EVs in Norway. The company has expansion plans and will be breaking into the European market by the end of November 2024 through a leasing and subscription model.
Nio EV Models
Nio currently has six electric vehicle models. Each model uses Nio’s own battery technology called “Power Battery,” which comprises three types of cells: lithium iron phosphate cathode, nickel cobalt aluminum oxide anode, and a graphite anode.
Nio Automobile launched its innovative smart power solution. This unique system consists of rechargeable battery packs, chargers, and cables designed to provide customers with a holistic power service experience.
The power service provides charging stations for cars, home appliances, and even bicycles, allowing users to swap out old batteries for new ones easily and conveniently. The ability to upgrade individual components of the smart power service allows consumers to enjoy greater flexibility and convenience in their daily lives.
In addition to providing a convenient way to store energy, the smart power service eliminates the hassle of carrying heavy batteries around while enabling users to avoid the risk of losing expensive equipment due to dead batteries. Furthermore, the technology enables users to monitor the status of their batteries remotely, further reducing costs and risks associated with traditional solutions.
But, how much is Nio stock?
Nio stock price 2018 – 2022
Nio stock price has fluctuated since the company went public in 2018. Let’s look at how much is Nio stock and how its price has changed from 2018 until now.
2018
Nio was first publicly listed in the US on September 12, 2018. Nio stock reached a high of $6.93 and closed at $6.6.
2019
A year later, on September 12, 2019, Nio stock price reached a high of $3.265 and closed the trading day at $3.19.
2020
Because September 12, 2020, fell over a weekend, we will consider the Nio stock price on September 11 and 13.
On September 11, 2020, Nio stock reached a high of $18.1 and closed at $17.97. Nio stock price reached a high of $18.18 on September 14, 2020, closing the day at $18.73.
2020 also saw Nio’s stock price reach an annual percentage change of 1112.44% from 2019.
2021
In 2021, September 12 fell over a weekend as well.
Nio stock prices saw exceptional growth by 2021, with shares selling at a high of $39.52 on September 11, closing the trading day at $37.98. On September 13, Nio stock price closed at $38.39, having reached a high of $38.39 that same day.
2021 was also the year Nio’s stock price reached an all-time high of $62.84.
2022
Four years after listing on the New York Stock Exchange, Nio stock price reached a high of $21.875 on September 12, 2022, closing at $21.75.
Nio stock is trading at $11.68 as of November 4, 2022, seeing a dramatic drop in its share price since going public. This is a significant drop since the all-time high in 2021. The 52-week average price of Nio stock is $21.98.
Is Nio Stock Worth Buying Now?
Nio shares traded at $30 at the beginning of 2022, but the stock price dropped significantly, trading at around $11 in November. However, can buying Nio stock be worth it, or is the company not worth the risk?
Nio has seen exceptional long-term growth, having reported delivering 10,058 vehicles in October 2022, bringing the Chinese automaker’s year-to-year deliveries up to 92,492. In addition to delivering 5,979 premium electric SUVs, Nio delivered 4,080 premium electric sedan models.
Nio delivered 8,711 units in the third quarter, representing a 33% increase over the same period last year. Nio delivered 90,973 vehicles for the whole year, representing a 39% increase compared to 2018.
In addition to current EV sales, Nio can see a boost in growth once they break out into the European market in 2024, even though it will only be through a corporate leasing and subscription model. Moreover, Nio will hopefully see exponential growth once they enter the US market end of 2025.
With a market cap of $19.5 billion, Nio stock should be added to your watchlist if you don’t intend to buy right now.
Conclusion
With the Nio stock price fluctuating throughout the years since the company went public and its significant drop in 2022, it’s difficult to predict where it will head in the near future. However, we can rest assured the company’s electric vehicle sales will continue to grow, boosting Nio’s revenue.
Nio’s mission is to “shape a joyful lifestyle.” Their guiding principle, Blue Sky Coming, symbolizes the company’s dedication to a better and more promising future. With the world turning to more sustainable and “greener” options, Nio can only remain optimistic that its stock price will be favorable.
