NIO (NIO) Gains Over 3% Amid Strategic Restructuring and New ET9 Launch

Dec 24, 2024

NIO Inc. (NIO, Financial) shares rose over 3%, reaching $4.615. The company recently announced a significant restructuring within its smart driving research and development department. This move aims to introduce a new end-to-end intelligent driving solution in the first quarter of next year.

Additionally, during NIO Day 2024, the company launched its flagship smart electric sedan, the NIO ET9. The starting price for the ET9 is set at RMB 788,000. NIO also released a limited first edition of 999 units, priced from RMB 818,000. Deliveries for the ET9 are scheduled to begin in March 2025.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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