Nio Cars Stock Name. Tesla's stock is out ahead thanks to a fast start, but as the fable goes, don't underestimate the tortoise in the long run. But while nio's stock has risen a bit since its ipo, the offering raised less cash than the company had expected.
Nio and jac estimate annual production will be 50,000 cars this year and 100,000 for the next three. Between june 28 and aug. Tesla (tsla) has been the big name in the automotive alternative energy sector.
Nio stock went public at 6 in september 2018, then hit a low.
Shares in chinese electric vehicle manufacturer nio inc (nyse: Nio) was down about 4.6%. Nio’s chinese name, weilai, translates as “blue sky coming.” li founded the company in 2014, then named nextcar inc. The company said in a filing on monday that it's looking to raise as much as $1.8 billion in.