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Technology NIO share: Largest US pension fund increases position to

05:40  23 february  2021
05:40  23 february  2021 Source:   finanzen.net

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The largest US pension fund by assets under management made some changes to its investment portfolio in the fourth quarter of 2020.

MIKE CLARKE/AFP/Getty Images © Provided by Finanz.net MIKE CLARKE / AFP / Getty Images

• US pension fund Calpers continues to match NIO shares

• NIO with record sales in Q4 and December

• NIO introduces new electric sedan ET7

Der US pension fund California Public Employees Retirement System bought several shares in the fourth quarter, including shares in the Chinese electric car maker NIO . This is evident from a document that Calpers has filed with the Securities and Exchange Commission (SEC).

Calpers buys further NIO shares

Calpers, as the pension fund is called, bought another 284,842 in the fourth quarter of 2020 in addition to the 2,294,528 NIO shares it already held and thus holds 2,579,370 NIO shares at the end of December - already in the third quarter In 2020, Calpers had bought 381,439.

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In the past year, the NIO share on the NYSE was able to gain more than 1,100 percent from 4.02 US dollars to 48.74 US dollars. This year, the papers were able to climb a further 3.98 percent. They are currently trading at $ 50.68 (as of February 22, 2021 closing price). But not only the chart of the NIO share reads positively.

record sales figures in December and in Q4

NIO announced its delivery figures for December, the fourth quarter and full year 2020 in early January - and set new records for its monthly and quarterly shipments. According to a press release, the e-car startup delivered 7,007 vehicles in December last year - an increase of 121 percent compared to the same period in the previous year - and thus set a new monthly record. In the fourth quarter of 2020, NIO delivered 17,353 vehicles - sales rose 111 percent year-on-year - and exceeded the upper end of the company's quarterly forecast. In 2020 as a whole, NIO was able to deliver 43,728 vehicles, which corresponds to an increase of 112.6 percent compared to the previous year.

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"2020 was a challenging year for the whole world. With this in mind, NIO has reached successive record heights and finished the year on a high level with remarkable deliveries of over 7,000 vehicles in December," said NIO founder and CEO William Bin Li. "These results are due to the growing awareness of our premium brand, the competitive and compelling products and services, the growing sales network and, above all, the continuous support from our passionate and loyal user community."

Positive start to the year 2021

After its record delivery figures, NIO presented its latest model - this time not an SUV, but an electric sedan - at the NIO Day in China. With its electric sedan ET7, NIO could also endanger the US electric car pioneer Tesla in the important Chinese car market. Because so far Elon Musk's group has had very good business here, but NIO has a certain home advantage.

And the delivery figures continue to climb: At the beginning of February, NIO gave an update on its delivery figures from January, and the Chinese e-car manufacturer was also able to set a new record in the first month of the new year: NIO delivered 7,225 vehicles in January 2021 - an increase by 352.1 percent compared to January 2020 and a new record high for NIOs monthly delivery figures. As of January 31, the cumulative deliveries of the models ES8, ES6 and EC6 reached 82,866 vehicles according to NIO.

investors can stay tuned, because on March 1st, NIO will present its complete figures for the fourth quarter and for the full year 2020. Editor finanzen.net

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