NIO Yahoo Finance

The price of NIO (NYSE:NIO) shares has plummeted this year. Shares of the "Tesla of China" were trading above $30 at the beginning of 2022.

This is demonstrated by the fact that NIO delivered a record-breaking 31,607 vehicles in the third quarter of 2022, up 29% annually.

This is demonstrated by the fact that NIO delivered a record-breaking 31,607 vehicles in the third quarter of 2022, up 29% annually.

Cumulative deliveries were 249,504 as of September 30, up from 142,036 at the same time last year.

The introduction of the electric vehicle (EV) corporation in several European nations, including Germany, the Netherlands, Sweden, and Denmark, is exciting and is now underway.

The ET7, ET5, and EL7 are the three cars that will be available in these nations. This ought to spur growth.

It's important to note that NIO intends to use a corporate lease and subscription model to run its operations in these nations.

It thinks this corporate strategy will provide it greater freedom. In a recent interview, CEO William Li stated that "flexibility is the new premium."