As of December 31, JP Morgan held 7.64 million ADRs in China-based EV maker NIO(NYSE:NIO), worth about $240 million, according to the bank’s 13F filing with the SEC on February 11.
JPMorgan Chase’s holdings in NIO increased by about 6 million shares, or 378 percent, compared with about 1.6 million shares at the end of the third quarter last year.
In addition to holding NIO’s ADRs, JP Morgan Chase also holds NIO’s options and bonds.
The latest filing shows that JP Morgan Chase held 420,200 put options of NIO worth about $13.3 million as of December 31, down about 0.6 percent from 422,900 at the end of the third quarter.
Performance of NIO in last year
- NIO ranked second in fierce competition last year. It remains highest in total EV delivery number, though sales are going down
- NIO’s cumulative vehicle delivery volume in 2021 ranks second among the China three EV trio, delivering 10,489 vehicles in December (up 49.7% year-on-year and 3.6% month-on-month). In the fourth quarter, a total of 2,034 vehicles were delivered (up 44.3%year-on-year), achieving positive growth for seven consecutive quarters.
- NIO delivered 91429 vehicles for the full year (up 109.10% year-on-year), doubling for two consecutive years. NIO tops in total delivery of 167,070 EVs, Xpeng and Li Auto each with that of 137,953 and 124,088.
It is worth noting that, in addition to JP Morgan Chase Raises Position in NIO，BlackRock increased its holdings in NIO. As of December 31, 2021, BlackRock held 64,036,975 shares of NIO, valued at about $2 billion, according to its Form 13F disclosure on February 10.