iShares Self driving EV and Tech ETF (IDRV) News

Nio (NIO) delivered a "new monthly high" of 31,138 vehicles in December, up 73% from last year. It delivered 20,610 of its premium smart EVs and 10,528 of its family-oriented smart EV brand, ONVO. Nio's fourth-quarter deliveries rose 45% year over year to 72,689 vehicles, representing a "quarterly record."

The EV maker's vehicle deliveries totaled 221,970 in 2024, up 39% from the prior year. Nio said deliveries of its ET9 electric vehicle are expected to begin in March, while the launch of its Firefly model is anticipated in April. $IDRV $NIO

Analysts expect Nio's revenue to rise 23% in 2024. From 2024 to 2026, they expect it to continue growing at a CAGR of 33% as it narrows its net losses. With an enterprise value of 62.1 billion yuan ($8.5 billion), Nio trades at just 0.9 times its 2024 sales. $IDRV

Why Is $NIO Inc. (NIO) the Best Small Cap EV Stock to Invest In? https://finance.yahoo.com/news/why-nio-inc-nio-best-145206458.html $IDRV

$IDVR $NIO

Bought a little today.

iShares Self-Driving EV and Tech ETF is an exchange-traded fund incorporated in the US. The iShares Self-Driving EV and Tech ETF
seeks to track the investment results of an index composed of developed and emerging market companies that could benefit from
the long-term growth and innovation in electric vehicles, battery technologies and autonomous driving technologies.