Is Nio (NIO) stock halal to invest in?

Q: Is Nio (NIO) stock halal to invest in?

Halal Investors analysed and rated Nio (NIO) with the comfort rating: 'Uncomfortable'. We scored Nio (NIO) with the following scores: Business score: 5/5, Financial score: 2/5, ESG score: 2/5.

NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five, six, and seven-seater electric SUVs, as well as smart electric sedans. The company is also involved in the provision of energy and service packages to... Read More

Industry: Automobiles Sector: Consumer Discretionary

Nio (NIO)

Uncomfortable See Alternatives

Business Score

Financial Score

ESG Score

Report Summary

None of the business's revenue comes from Haram.
Interest is somewhat relied on to run the company.
The company has a net negative impact on at least one of the following: environment, society or governance.

What are Halal Investors' Comfort Levels?

Our Comfort Levels are based on our analysts’ latest review of a company's business, finances, and Environmental, Social and Governance (ESG) Impact. Our reports are not meant to be understood as a religious ruling (fatwa). Rather, they represent our best efforts in trying to identify whether a company is engaged in anything forbidden in Islam (haram) and to what extent. Based on our analysis, we determine our Comfort Level with investing in the company. We encourage readers to let us know if we missed anything in the comments and to voice their agreement/disagreement by leaving a thumbs up/down. Read more about our methodology.