JPMorgan Chase & Co filed Thursday a 13F-HR reporting the ownership of 5,628,106 shares in the EV maker NIO as of the end of Q2 2022 representing an increase of 33.12% from the first quarter of the year.
The firm added a total of 1,400,319 shares during the second quarter and its holdings were valued at $122.24 million, as of June 30.
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The firm added NIO to its portfolio in the first quarter of 2019 adding 288,448 shares with its total holdings valued at 1.472 million as of March 31 when the price per share was around $5.
In the third quarter of 2020, when the stock was in a big run towards the all-time high of $66.99 per share reached in January 2021, the firm held over 10 million shares in the EV maker. Although, JP Morgan Chase & Co. sold nearly 80% of its position ending the year with 2,743,291 shares.
JP Morgan Chase & Co | NIO Holdings
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The EV manufacturer NIO announced Wednesday the partnership with Formula Student Germany that will be held on August 15-21 at the famous Hockenheim Circuit.
Since 2011, Chinese and German formula university students have had many exchanges with the two sides selecting “outstanding teams and players to participate in the competition, competing with top teams from all over the world and swaying their blood”, NIO said.
As reported by EV on Sunday, NIO‘s second Battery Swap Station in Norway is ready to open and the inauguration will be on August 15 at Vestby. The station is located at Svarthagsveien 1, 1540 Vestby, between Oslo and Gothenburg.
As of press time, NIO shares are trading 8.18% higher at $21.68 per share.