Listed at the Nasdaq OMX Helsinki Exchange (Stock Symbol: NIO)
How to Open a Trading Account to Invest in NIO Shares
Opening an investment account with a stockbroker requires you to:
First, choose the broker that best fits you. Here, we present eToro as the primary choice.
Upload an ID and a proof of address (electricity, water bills, etc.) through the Broker's App or via email.
Whether you open it with eToro or with another broker, make sure to choose the correct base currency of the account. With some brokers, changing it once you open the account can be painful. Trading Accounts are available in US Dollars (USD), Euros (EUR), Pound Sterling (GBP), Swiss Franc (CHF), Australian Dollar (AUD) as the base currency. Practically all of them offer the option in US Dollars or Euros.
Once the Broker has approved the account, it's time to deposit cash. The depositing and withdrawing money methods are usually Credit Cards, Bank Transfers or eWallets (PayPal, PaySafe, Skrill, SafetyPay, Neteller, among others). The available options to deposit funds will depend on each Broker. A vital fact to mention is that all of the Brokers presented above allow you to use a simulator on their platform; that is, they allow testing their Demo account, which is Free. In other words, you can open a Demo account, try the platform, and then decide whether to deposit money or not.
Upon the capital is credited into your credited account, you may now buy the Stock.
Is it easy to invest in NIO Shares?
Online Brokers allow investing in Shares straightforwardly through optimized apps that grant easy and fast access to financial markets. In fact, most platforms resemble a social network or any other phone app: They are designed so that the investor can learn and start trading very quickly, without the need for much prior knowledge. Literally, to buy shares of NIO, you have to:
open a trading account as explained before,
Search for "NIO" on the Broker's Trading platform, and
press the "Buy" button.
And, done, you are officially investing in the co's shares.
How to buy NIO Shares
Founded in 2014, Nio Inc. is a Chinese manufacturer of autonomous electric vehicles. Located in Shanghai, the company has enjoyed the financial backing of several high-profile investors, including Baidu, Lenovo, and TPG.
Along with its automobile development and manufacturing activities, Nio Inc. has three additional divisions: a clothing line, service centres, and battery swap stations. The company launched its first battery swap station in 2018. Nio Inc., trading as NIO on the New York Stock Exchange, went public in 2018. The company was able to raise $1 billion as a result. Nio shares were valued at $6.26 each, with a total valuation of $6.41 billion. The valuation was near the bottom of the IPO price range, due to investor concerns regarding stiff competition from Tesla. Nio Inc. holds several records for the fastest lap time by an electronic car.
The company’s EP9 model has clocked several incredible times while competing in the Circuit of the Americas and Shanghai International Circuit tracks. Aside from closed circuits, the Nio also tests the performance of its vehicles on open roads, after receiving a testing permit by the California DMV in 2016.