Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The host city for a key market-moving event for Nio, Inc. - ADR (NYSE:NIO) — Nio Day 2021 — could be announced anytime soon, according to the latest update from the EV giant.
What Happened: Nio has zeroed in on Hefei, Suzhou and Xi'an as contenders for hosting the annual Nio Day event for 2021, the CnEVPost reported, citing the company.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Nio users will now vote on the shortlisted cities presented by the company on the Nio App. The voting window is open between July 23 and 24.
The company will decide on the venue based on the votes each of the cities receives in the voting round.
Related Link: EV Stock 2021 Halftime Scorecard: Tesla Bogged Down By China Worries, Nio Underperforms And More
Why It's Important: Nio shares ran up to a record high earlier this year just after Nio Day 2020, held Jan. 9 this year. Nio Day 2020 was pushed back to 2021 due to limitations presented by the COVID-19 pandemic.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
The company has thus far hosted four Nio Days, at which it has made several key product and services-related announcements. The company unveiled its ET7 sedan at the Nio Day held in January.
The Hefei city is the capital of the Anhui province in China, where Nio China is headquartered. It is the local government of Hefei that helped the company when it was facing a severe financial crunch in the second half of 2019. Since then, the company has initiated many projects here, including the construction of a smart EV city named Neo Park.
Suzhou is a city situated west of Shanghai, China's business capital. It is the economic center and an industrial and logistical hub of the Jiangsu province.
The Xi'an city is the capital of the Shaanxi Province in central China.
Nio shares, which saw some slackness this year after peaking in January, has picked up some momentum in June.
The stock closed Friday's session down 0.98% at $50.40 but is up 3.4% for the year-to-date period.
Related Link: Nio, XPeng Clock Record June Deliveries: Which EV Maker Outperformed?
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.