NIO Inc. (NIO) is a global pioneer and leader in the premium smart electric car industry. It designs, develops, co-manufactures, and distributes premium smart electric cars, advancing next-generation technologies such as autonomous driving, digital technology, electric powertrains, and batteries.
Its shares have declined 54.8% over the past year and 36.3% year-to-date to close its last trading session at $20.18. In addition, the stock is currently trading 56.5% below its 52-week high of $46.38, which it hit on August 10, 2021.
