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(XPEV), NIO Inc (NYSE:NIO) - Xpeng CEO Bought Shares In Rival Nio During 2019 Low

Nio Limited (NYSE: NIO) during the latter’s toughest time in 2019, cnEVpost reported Monday. What Happened: The report quoted Xiaopeng as saying in an interview with CCTV that he purchased Nio stock in 2019 despite the opposition of his friends. The CEO also said he invested a total of $300 million in Xpeng at that time. cnEV post is a China-focused EV website. Xiaopeng reportedly said he backed Nio because the failure of companies like Xpeng and Nio would create a big problem for the group of electric car companies in China. See also:  Shares of Nio had fallen to as low as $1.19 in 2019, the worst year for the company, but rebounded in 2020 and rose to as high as about $67. Xiaopeng and others who invested in Nio in 2019 also gained massively from the company’s stock surge.

He Xiaopen | Benzinga

He Xiaopen | Benzinga
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Tesla Motors, Inc (NASDAQ:TSLA), NIO Inc (NYSE:NIO) - Tesla vs Nio vs Xpeng vs Li Auto: What s Driving Chinese Consumers Choice?

Tesla Motors, Inc (NASDAQ:TSLA), NIO Inc (NYSE:NIO) - Tesla vs Nio vs Xpeng vs Li Auto: What s Driving Chinese Consumers Choice?
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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