# Latest NIO News
BlackRock, the world’s largest asset manager, has substantially increased its position in Chinese electric vehicle maker NIO, acquiring 1.3 million shares during Q1 2024[1]. This 64.9% increase brought BlackRock’s total holdings to 3.43 million shares as of March 31, according to recent SEC filings[1]. However, this quarterly gain comes after a significant reduction throughout 2024, when BlackRock’s overall stake in NIO declined from 62.6 million shares at the end of 2023 to just 2.08 million shares by year-end[1].
In corporate restructuring news, NIO has merged several regional management roles across its NIO and Onvo brands as part of ongoing cost-cutting and operational streamlining efforts[5]. The company has appointed single general managers to oversee both brands in each region, replacing the previous structure where brands had separate territorial managers[5]. This consolidation follows significant leadership changes, including the departure of Onvo chief Alan Ai and the transition of other key executives to new roles within the NIO Group[5].
Despite these organizational challenges, NIO delivered 23,900 electric vehicles in April 2025, its second-highest monthly total, including 4,400 units of the Onvo L60[5]. However, the company’s stock performance has been struggling, with shares falling 8% year-to-date and 27.6% over the past 12 months[1]. This decline comes after a remarkable period between October 2019 and January 2021, when NIO’s stock surged nearly 5,000% to around $67, driven by enthusiasm for EV stocks and broader market recovery following the COVID-19 pandemic[1].
The company is reportedly focusing on making key design decisions “within hours” as it faces intense competition in China’s fierce electric vehicle market[3]. This strategy appears to be part of NIO’s attempt to break through and regain momentum in the highly competitive sector.