The EV company reached today a New 52 Week Low despite the good news this morning regarding the new SUV Model ES7 and the $83 Price Target from Credit Suisse.
This morning Credit Suisse released a note where it maintained the Outperfom Rating and the $83 Price Target for NIO plus the first leaked photos of the new SUV Model ES7.
NIO hit the last 52 Week Low on Dec.20th at $27.73 and jumped from there up to $31.32 gotting rejected and creating a lower high from $31.66 – two weeks ago.
As the time we’re writing, the main 7 EV Makers are Red on the day with the Americans TESLA (-1.25%), LUCID (-2.31%), RIVIAN (-5.01%), and FSR (-3.32%) down beyond the biggest Chinese EVs NIO (-6.07%), XPENG (-4.49%), LI (-3.75%).
Technical Analysis indicates that NIO needs to hold the Diagonal Support (check the image below) around $25-26 and later break the Weekly downtrend around $38 towards new highs.
Latest News
Nio Running Out of Vehicles to Sell in Its Direct EU Markets
Chinese EV maker Nio entered Europe through Norway in 2021 intending to rival the region’s premium marques. Five years on, Nio’s Swedish website lists a single car configuration while its German site returns vehicles for two of the four models it advertises.…
Uber’s CFO Takes Delivery of Rivian R2 After an Autonomy Demo with RJ Scaringe
Uber’s chief financial officer said on Friday he had bought a Rivian R2 Launch Edition, days after Rivian’s founder and CEO personally demonstrated the company’s forthcoming Autonomy+ system to him.
Tesla’s Cybertruck Lead Engineer Says No Powerwall Update to Share Yet
Tesla’s Cybertruck lead engineer told owners on Saturday that he had nothing new to report on Powershare with Powerwall, the bidirectional charging feature announced with the truck in late 2023 and still unreleased.
Canada’s China-EV Quota Hits 61.5% as Tariff Talks With Washington Collapse
Canada’s import quota for Chinese-built EVs reached 15,063 of the 24,500 permits available as of August 21 — with 61.5% of the allocation utilized and just 10 days remaining before the first window closes on August 31.
Pardoned Nikola Founder Says SyberJet Beat a Speed Record by 48.9%
Trevor Milton, the pardoned founder and former chief executive of the now-bankrupt EV and hydrogen startup Nikola, said on Friday that SyberJet Aircraft, the light jet manufacturer he has led since October, had set an unofficial east-to-west transcontinental speed record…
Rivian Adds Free Charging to Clear 2026 R1 Stock Before Quarter-End
Rivian is offering three months of complimentary charging on its proprietary network — the Rivian Adventure Network (RAN) — to buyers of 2026 R1 vehicles or pre-owned R1 models from 2024 or earlier.
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