Written by Cláudio Afonso | LinkedIn | X
Nio hosted a group of nearly 40 investors at its showroom in Munich this week, according to Hui Zhang, vice president of Nio Europe.
The delegation included representatives from asset managers and hedge funds such as JP Morgan, Millenium, Fidelity, T. Rowe Price, Point72, and M&G Investments.
The delegation visited Nio’s showroom in Munich (known as Nio Hub), where the company’s global design studio is also located. The site was established after design chief Kris Tomasson joined the company in 2015. Tomasson first met Nio founder and CEO William Li in the Bavarian city in late 2014.
“This week, I had the opportunity to host a delegation of 38 investors from J.P. Morgan at our Nio Hub in Munich,” Zhang wrote Monday on LinkedIn.
JPMorgan Chase & Co. increased its stake in Nio in the fourth quarter, ending 2024 with nearly 4 million shares, making it the company’s ninth-largest institutional investor, according to the latest filing. The firm also slashed its Put options by 84.4% to 1,200 contracts and made a modest 4.7% reduction in its Calls to 116,600.
Millennium, founded by billionaire Izzy Englander, ended the year with 5.59 million shares after cutting its stake by 60% in the final quarter of 2024.
“Many of the investors were particularly interested in our long-term commitment to innovation — including our sustained investments in core technologies like the Skyride intelligent chassis system featured in the Nio ET9, as well as the ongoing deployment of our Power Swap Stations across key markets,” Zhang added.
As reported in late January, institutional ownership of Nio shares fell to 229.7 million at the end of 2024 — the lowest level since mid-2019, when the stock was trading near $4. As of Monday, Fintel data shows 502 institutional holders collectively own around 214.78 million shares.
Deliveries of the flagship ET9 sedan began last Friday in China, with CEO Li personally handing over the first vehicle.
In Europe, Nio currently operates 59 battery swap stations across five countries, primarily in Germany and Norway. Nio has significantly curtailed the rollout of new stations in Europe as it reins in spending following weaker-than-expected demand for its high-end EVs.
Shares of the Shanghai-based automaker dropped as much as 4% at the open on Monday to $3.57 — the lowest level since May 2020 — before rebounding to trade 7% higher at $3.81 as of the time of writing.
