NIO Stock Forecast: Nio Inc rises as rival Li Auto triples its quarterly revenue

NYSE: NIO gained 1.18% during Monday’s trading session.
Nio’s rival Li Auto reported on a successful third quarter before the markets opened.
Tesla is set to begin production at its Berlin GigaFactory next month.

Stocks Reporter FXStreet

NYSE: NIO kicked the last trading week in November off in style as the Chinese electric vehicle maker rose alongside the broader EV market. Shares of Nio gained 1.18% and closed the trading session at $40.46, after hitting an intraday high price of $41.20. It was a bullish day overall for the markets which rebounded nicely from Friday’s sell off due to growing fears around the new Omicron variant of COVID-19. The NASDAQ popped higher by 1.88%, the S&P 500 rose by 1.32%, and the Dow Jones gained back 236 basis points after falling by more than 900 to close last week.

Stay up to speed with hot stocks' news!

The main news that was pushing the Chinese EV sector higher was the third quarter financial report from Li Auto (NASDAQ: LI). The company tripled its revenues year over year to $1.2 billion USD, and outpaced Nio in quarterly deliveries. While deliveries came in higher, Li’s revenues were actually lower than the $1.5 billion that Nio reported earlier this month. Nio receives additional revenues from battery swap subscriptions, and generally has a higher price tag for its luxury vehicle models.

NIO stock price

Tesla (NASDAQ: TSLA) shares were on the rise as well, which always boosts other EV stocks on the market. Word has it that the company’s Berlin GigaFactory, which has been mired in delays from German government regulations, is finally set to open for production next month. Initially, Tesla has said that Berlin will only produce Model Ys, and is a large part of the company’s goal for 50% annualized delivery growth moving forward. Shares of Tesla were up 5.09% during Monday’s session.

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Stocks Reporter

FXStreet

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold defends 200-day SMA at $4,425, but for how long?

Gold is attempting a tepid recovery toward $4,500 early Thursday, as renewed optimism in the Mideast geopolitical front calms market nerves. This cautious optimism across Asian markets weighs on Oil prices, and diminishes the US Dollar’s safe-haven appeal, helping Gold stage a decent comeback from the weekly low of $4,424.

Hyperliquid: ETF demand, capital rotation fuel HYPE rally as Bitcoin melts

Hyperliquid price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.