Does Elon own NIO shares?
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after Elon Musk has taken an 11.4 percent stake in a Chinese company aspiring to become an electric vehicle-making rival. Baillie Gifford & Co. disclosed that it owns 85.3 million NIO Inc. shares in a regulatory filing Tuesday. Bloomberg Opinion Columnist Anjani Trivedi weighs in on “Bloomberg Markets: Asia.”
Does NIO stock Pass Tesla?
Tesla stock closed down 3.8\% Friday after tumbling well more than 10\% intraday. Nio (NIO), Xpeng (XPEV) and Workhorse Group (WKHS) also pared losses after suffering double-digit declines, while Li Auto (LI) finished up….New EV Stocks, Startups.
| Company | Nio |
|---|---|
| Symbol | NIO |
| Country | China |
| Electric vehicle exposure | SUVs, sedans |
How much NIO stock does William Li own?
Nio, which had raised $2.1 billion in funding, went public in September 2018 on the New York Stock Exchange. Li, who owns just under 14\% of auto maker Nio, holds a bachelor’s degree in sociology from Peking University.
How much did Tencent invest in NIO?
On June 20, Tencent bought 1.68 million ADSs of Nio through its wholly-owned subsidiary, Yellow River Investment Limited. This represents 1.68 million shares of Nio’s Class A common stock at a cost of $10 million.
Is NIO merging with Sinopec?
(NYSE: NIO) has confirmed its long-awaited partnership with China Petroleum & Chemical Corporation (NYSE: SNP), or Sinopec, on setting up battery swap stations at Sinopec’s gas filling stations, cnEVpost reported Monday.
How many institutions own NIO?
Institutional Ownership and Shareholders Nio Inc (US:NIO) has 809 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 530,144,706 shares.
Is NIO building its own factory?
Update 10 June 2021: Nio plans to start producing electric cars at its new plant in Neo Park in the third quarter of 2022. This was announced by company boss William Li. Construction of the new Nio production facility has already begun, he said.
Does Chinese govt own NIO?
The same Wall Street investors who shunned Tencent after the government cracked down now pound the table for Nio stock after a successful bailout. NIO stock remains tied to the Chinese economy as well as the government.