What's Going On With NIO Stock Today?

Author: Nabaparna Bhattacharya | August 14, 2024 11:35am

NIO Inc. (NYSE:NIO) shares are trading lower on Wednesday.

According to Benzinga Pro, NIO stock has lost over 69% in the past year. Investors can gain exposure to the stock via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS).

An Onvo executive released an interior image of the L60, the debut model from NIO’s sub-brand, as the SUV approaches mass production.

Eric, Onvo’s Vice President of Product Experience, who chose not to disclose his last name, posted an image on the Onvo App today highlighting details of the L60’s door handles and stereo, reported CnEV Post.

The Onvo L60’s stereo features the branding “Onvo Sound” and supports “Dolby Atmos,” indicating that the system was developed by Onvo and offers Dolby sound technology, the report read.

Also Read: XPeng Joins NIO And Li Auto In Strategic Shift – Reportedly Overhauls Structure To Boost AI Focus

According to Eric, the image is shared just before the mass production of the Onvo L60 begins, implying that the first production cars will roll off the line tomorrow, CnEV Post added.

The Onvo L60 features an in-house developed 1000 W hi-fi sound system and a 17.3-inch center screen with 3K resolution, which is equipped with NIO’s SkyOS.

Designed for long-term family use, the Onvo L60 emphasizes sustainable ownership and iterative improvements, the report added.

NIO officially launched its Onvo brand on May 15, which was internally codenamed Alps and is aimed at the mass market.

Price Action: NIO shares are trading lower by 1.67% to $3.825 at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo by Sundry Photography on Shutterstock

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Posted In: KARS KGRN NIO