The Chinese EV maker Nio hit a new 52 Week Low at $27.23 this morning.
As of 10:19 AM EST, the main 7 EV Makers are Down on the day with the Americans TESLA (-3.80%), LUCID (-3.02%), RIVIAN (-5.78%), and FSR (-5.43%) down beyond the biggest Chinese EVs NIO (-5.94%), XPENG (-5.38%), LI (-4.15%).
Nio hit the last 52 Week Low on Dec.29th at $27.52. On the previous one the share price jumped from $27.73 up to $31.32 gotting rejected and creating a lower high from $31.66.
The company announced today another two Battery Swap Stations in China reaching the 800th milestone. The company also announced a partnership with the Swedish furniture retailer Ikea saying that they will build more stations on IKEA stores around China.
“The launch of the station is only the first step of the partnership, and more stations will appear in IKEA malls. In the past 33 days, 100 new stations have been added, an average of 3 stations per day, thanks to the trust and support of our customers”. – Nio added.
The achievement of 800 Stations is not only a milestone, but also a new starting point on the road ahead in 2022. This year, Nio will continue to layout and complete the construction target of 1300+ exchange stations to bring more users a more convenient Battery Swapping experience. – the company added.
This week, Nio officially opened its first European Battery Swap Station, located in Norway – the first European Country for the Chinese EV maker. By the end of 2022, Nio will have Stations in five different Norwegian cities, with a total of 20 for the Norwegian customers.