NIO Still Has A Long Road To Recovery

NIO Inc., (NIO) an electric-car maker based in Shanghai, was founded by William Li in 2014. Initially, it was named NextCar Inc. but changed its name to NIO three years later. The company manufactures and sells smart and connected premium electric vehicles. It offers electric cars under EVE, ES8, and EP9. After it was founded, several companies invested in the firm, including Lenovo, TPG, and Baidu (NASDAQ:BIDU). Additionally, the company operates in London, United Kingdom; San Jose, California; and Munich, Germany.

The stock's all-time high price is at $11.60, which is 221.3% more than its current price. Its 52-week low stock price is $2.50 - where it sits now. Its average price for the last 52 weeks is $6.58.

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