NIO

NIO Inc. American depositary shares, each representing one Class A ordinary share

$4.03

Price of NIO stock today

The current price of NIO is $4.03, with a market capitalization of $8,785. NIO shares are listed on the NYSE stock exchange.

About NIO Inc.

NIO is a pioneer in China's EV market. NIO's unique selling proposition is to provide EVs at competitive pricing. Importantly, NIO does not really manufacture its own cars. It contracts state-owned JAC Motors, headquartered in eastern China's Anhui province, to make vehicles. In turn, JAC charges fee for every car. In fact, NIO does not have a dealership network and instead sells its vehicles through apps and a network of swanky NIO Houses, located in some of the most expensive areas of China's largest cities.

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