The largest insurance group in Israel increased its position on NIO by 3,000% in Q1 2022

Written by Cláudio Afonso | | LinkedIn | Twitter

The largest insurance group in Israel, Harel Insurance Investments & Financial Services Ltd, disclosed owning 229,687 shares of NIO, valued at $4.83M as of March 31, 2022. Previously, on February 7, the Group had filed a form disclosing 7,416 NIO shares value at $240,000. The Group added a total of 222,271 shares between February 7 and the end of March, representing a change in shares of 2,997.18 percent.

Harel Insurance Group started investing in NIO in September 2018, when the company had its IPO at $6.26 per share. After a period holding about 20,000 shares, the Group sold its position and got back to NIO a couple months after the Covid-19 pandemic hit the Markets.

In early 2021, when NIO‘s share price was around its all time high, the Group was holding around 35,000 shares but started selling during the following months reducing its position to 7,416 shares.

Harel Insurance Investments and Financial Services Ltd. is a public company whose shares
have been traded on the Tel Aviv Stock Exchange since 1982. The company operates principally in the following areas:

  • Various sectors of insurance;
  • Long-term savings sector;
  • Financial services and capital market segment;
  • Provision of credit to medium businesses;
  • Reverse mortgage sector.


On April 13, United States Ambassador to Israel revelead on his twitter account that has tested NIO x MobilEye Autonomous vehicles in Jerusalem. Ambassador Tom Nides tweeted: “Hey, everyone — no hands! Had fun with Amnon Shashua and the innovative team at @Mobileye going out for a spin in Jerusalem in their driverless car”.

The company will release a new Firmware version for the recently launched NIO ET7 sedan, a NIO Employee said on the official app. The new version will fix some bugs and also add some features. “The software is expected to start this Tuesday and will be pushed to delivered user vehicles in batches”, NIO officially said.

The electric vehicle maker NIO announced on Sunday that delivered a total of 5,074 units in China during April 2022, representing a decrease of 28.5% year-over-year. The deliveries consisted of 4,381 premium smart electric SUVs, including 1,251 ES8s, 1,878 ES6s and 1,252 EC6s, and 693 ET7s, the Company’s flagship premium smart electric sedan. As of April 30, 2022, cumulative deliveries reached 197,912 vehicles. This was the first complete month delivering the sedan model NIO ET7.

NIO unveiled on Friday that the first batch of NIO ET5 model production line trial vehicles officially rolled off the production line at NEO Park. The construction of the production base started on April 29, 2021, and it took only one year from the breaking of ground to the commissioning of the first batch of full-process production lines, NIO said. The CEO William Li, congratulated the team and said “This is the speed of Hefei and the speed of NIO”.

Last week, NIO reached a total of 500 vehicles delivered in Norway since its debut on September 30, 2021. Until now, only the ES8 Model is available but the sedan announced during NIO Day in December 2020 is arriving to the country in the last quarter of 2022.

Written by Cláudio Afonso | | LinkedIn | Twitter