NIO hikes prices

April 11, 2022
NIO hikes prices

Over the weekend, the company announced that it is raising prices and suspending production following the latest COVID-19 wave that added to the supply chain challenges

According to NIO CEO William Li, the prices of raw materials have risen significantly this year with no sign of decreasing in the near term. On Saturday, NIO revealed that it is suspending production because of COVID-19-induced restrictions in the last several weeks, leading to halting production at suppliers’ factories.

“Originally [we] thought we could bear it, but now with this pandemic, it’s even harder to bear,” he said. “We have no alternative but to raise prices. Please be understanding.”

Nio would raise the prices for its three SUVs by $1,572, effective May 10. The costs for its recently launched ET7 and ET5 will remain the same.

Following the news, during the Hong Kong trading hours, the NIO share price fell almost 9%.


This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.

Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of

Recently Added

Most Affected Instruments

nio chart