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$NIO Total Debt (mrq) $28.43B bankrupt soon
NIO Stock Forecast 2030: How High Can the 'Tesla of China' Rise?
By: Barchart | November 24, 2023
While many retail investors and a section of sell-side analysts have been bullish on Chinese electric vehicle (EV) company NIO (NIO), it has failed to live up to expectations. After closing in the red in 2021 and 2022, it has lost almost a fifth of its market cap in 2023 as well, and looks on track for its third consecutive year of losses.
The “Tesla of China,” as NIO was once hailed, is now struggling to justify that title, even as China-based BYD (BYDDY) looks set to snatch the crown of largest EV seller from Tesla (TSLA) – after having already surpassed the Elon Musk-run company in terms of total deliveries, after accounting for plug-in hybrid vehicles (PHEVs).
Some NIO bulls expect the stock to rise to $100 over the long term, while a tiny fraction is even speculating the stock can reach $1,000. Here’s the 2030 forecast for NIO, and why the probability of it reaching $100 by 2030 looks remote.
www.barchart.com
NIO’s Business Model
EV players tend to have one of two business models. The first is self-manufacturing, which players like Tesla, Rivian (RIVN), and Lucid Motors (LCID) have adopted. While the strategy is capital-intensive, it also underscores the importance that these companies have put on manufacturing - which many would argue has historically been the core business of automotive companies.
The second strategy is contract manufacturing, which NIO and some others, like Fisker (FSR), have adopted. Proponents of this business model believe that just like smartphone companies, automotive companies can also outsource manufacturing to third parties while focusing on design and software. Incidentally, Foxconn - which produces most of Apple's (AAPL) products - has entered into automotive contract manufacturing, and has formed a joint venture with Saudi Arabia to manufacture EVs in the oil-rich kingdom.
Both strategies have their own pros and cons, and while self-manufacturing gives a lot more control over the production process and supply chain, third-party manufacturing brings manufacturing prowess to the table – something startup EV companies lack.
Currently, China’s state-owned JAC Motors produces cars for NIO. However, there are reports that NIO is considering buying the facility from the company to gain independence in manufacturing. Morgan Stanley believes that buying the plants from JAC would make “strategic sense” for NIO.
NIO has also built a network of battery-swapping stations in China. It also provides the battery on subscription, which lets it offer lower car prices to buyers while generating recurring revenues through subscription fees. In order to reduce its cash burn rate, NIO has also stopped providing free battery swaps for new buyers.
NIO Is Not Going Out Of Business
In Q1 2020, there were fears that NIO might not survive and go bankrupt. However, it managed to raise cash from strategic investors, and the Chinese government also pooled money to bail out the struggling company.
NIO has since raised capital multiple times through different instruments – including a $740 million strategic investment by CYVN Holdings, which is majority-owned by the Abu Dhabi government. It held $4.3 billion as cash and cash equivalents on its balance sheet at the end of June, and has shown the ability to raise cash from multiple investors. The importance of a strong balance sheet can't be overstated amid the current EV industry slump, as it provides financial viability amid the macro turmoil.
www.barchart.com
NIO’s President and co-founder, Lihong Qin, tried to allay fears about its survival and said at this year’s Guangzhou Auto Show that "Nio will not go out of business, and there is absolutely no possibility of it going out of business.” That said, the company has gone slow on expansion, and has fired 10% of its workforce as its growth hasn’t been as high as expected.
NIO Stock 2030 Forecast
While many of the current startup EV companies might not be around by 2030, we can be reasonably sure that NIO should be able to survive the current slump. However, its long-term forecast will depend on the success of its upcoming models, sustainable profitability and free cash flows, as well as the planned international expansion - which is now looking a lot more complicated than a few quarters back.
For instance, while NIO plans to enter the U.S. market by 2025, the company might find itself at a disadvantage in the world’s most lucrative automotive market due to the tax credit rules, which won’t apply to its cars imported from China. With EV buyers increasingly price-conscious, the absence of a $7,500 EV tax credit could hurt NIO’s prospects in the U.S. market.
Also, while the company has started shipping cars to Europe, in October the European Commission opened a formal anti-subsidy investigation into imports of battery electric vehicles from China. Almost every country is trying to create a domestic ecosystem of electric car manufacturing – which is at odds with NIO’s current business model of producing the cars in China and then shipping them globally.
Will NIO Stock Reach $100 By 2030?
At present, NIO stock trades under $8, with a market cap of just around $12.8 billion. At its peak in Feb. 2021, NIO’s market cap was a tad short of $100 billion - but those were different times, and for loss-making EV names, almost a different epoch altogether.
To reach $100 by 2030, NIO stock would need to rise at a CAGR of more than 40% and jump 13.4x from these levels, which would mean a market cap of $180 billion. Realistically speaking, I don’t expect NIO stock to reach $100 by 2030 even as at the current depressed valuations, it looks like an EV stock worth considering.
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Nio Inc. (NIO) still 'debating' North America entry by 2025, seeks partnerships
By: Investing | November 10, 2023
Ganesh Iyer, the CEO of Chinese electric automaker Nio Inc. (NYSE:NIO), attended the Reuters Events Automotive USA 2023 conference this week where the CEO revealed that his company is still “debating” a 2025 entry into North America.
NIO continues to be a leading force in EV innovation in China, and its influence has grown to reach European markets and beyond. Apart from producing popular EVs, NIO is also a pioneer in battery swap stations and has ventured into related technologies, such as mobile phones.
Ganesh Iyer discussed NIO's potential entry into the North American market, mentioning that the company is still debating a 2025 debut. Previous reports suggest that NIO plans to manufacture its electric vehicles in China and then import them into various markets, with the United States being a potential destination in the future.
Iyer stated that NIO is open to potential partners in North America to facilitate its market entry, expressing to reporters that the company is actively exploring "any kind of partnerships" on the continent.
Shares of NIO are down 2.66% in afternoon trading on Friday.
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China's Ghost Cities: The Truth Behind The Empty Megacities
$NIO Total Debt (mrq) $28.43B
NIO Unleashes The EC6, Its Most Advanced EV Yet
Chinese all-EV maker NIO released the EC6 last week, which is built on the new, next-generation NT2.0 platform that has increased range, faster charging, better performance, and more advanced driver assistance features.
Just last May, NIO released the ES6, a family-oriented SUV, and in June it launched the ET5T, a tourer/wagon with high-performance capabilities. Both vehicles feature the second-generation design language of NIO, which according to the company executives reveals the perfect proportions and size as well as cutting-edge intelligence, “promising to exceed expectations and inspire those who seek more from their automotive journey.” More ....
The Nio Phone is a phone built around Nio's vehicles, offering an interaction with the vehicle that no other device can offer. The phone will begin shipping on September 28.
Nio (NYSE: NIO) has launched its first smartphone, hoping to increase the appeal of its electric vehicles (EVs) by offering a revolutionary way for phones to interact with vehicles.
The EV maker launched the Nio Phone, a flagship Android-based smartphone that brings a refreshing interaction with vehicles, at the Nio In 2023 Innovation Day event today.
After Plunging 45%, is NIO Stock a Good Buy?
By: Barchart | September 26, 2023
NIO (NIO) stock hit its 2023 closing high of $15.46 on Aug. 3 - and after setting an intraday high of $16.18 the next session, the stock's value has since been cut nearly in half. The stock briefly fell below $8 in Monday's session, and is now quite near its 52-week lows. NIO is currently down 45% from that early August closing high, and it's off 48% from that recent intraday peak.
NIO is the most popular Chinese electric vehicle (EV) stock among U.S. investors – or at least, that’s what its trading volumes tell us. Its average 50-day trading volume of 63.5 million shares is three times higher than Xpeng Motors (XPEV), and almost 10 times greater than Li Auto (LI) – which, incidentally, has outperformed its peers over the last couple of years.
As for NIO, is the stock a good buy at current levels, after shedding nearly half of its market cap in less than two months?
www.barchart.com
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$NIO Total Debt (mrq) $28.43B
Nio plunges on report it may need to raise additional $3B from investors
By: Investing.com | September 25, 2023
Chinese electric vehicle maker, Nio Inc. (NYSE:NIO) fell nearly 5% in pre-market trading Monday morning following reports that the automaker is considering raising an additional $3 billion from investors.
Bloomberg reports, citing unnamed sources familiar with the matter, that the automaker has approached Middle Eastern investors concerning the fundraising. The sources believe that fundraising could happen as soon as next year.
The talks are still in progress, and subject to change. There’s no certainty Nio will continue with the fundraising, they added.
In June, Nio secured approximately $738 million through a share sale to CYVN Holdings LLC in Abu Dhabi, and earlier this month, the company raised $1 billion from convertible bonds, which led to a nearly 20% decline in its shares listed in the United States.
Nio has yet to achieve profitability and continues to experience significant cash burn. In the last quarter, the company reported a loss exceeding expectations, amounting to over $800 million. Furthermore, its market capitalization has declined by more than 50% compared to the previous year, currently standing at approximately $14 billion.
In June, Founder and Chief Executive Officer William Li acknowledged that Nio had to postpone certain fixed asset investments and adopt a more prudent approach to its international expansion efforts. Nevertheless, just last week, the company introduced its own-branded smartphone, capable of synchronizing with its vehicles.
Shares of NIO are down 6.57% in pre-market trading Monday morning.
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Nio launches smartphone for use with company EVs
By: Investing.com | September 21, 2023
Chinese electric automaker, Nio Inc. (NYSE:NIO) launched their high-end smartphone Thursday, highlighting the advanced state of EV technologies in the world's biggest auto market.
The new phone is designed to be used with its electric vehicles, boasting a surplus of related functions such as using the phone to instruct the car to park itself.
Chief Executive William Li said the Nio Phone had more than 30 car-specific functions, including the ability to notify their car to drive itself to their location (a feature only available at low speeds in restricted parts of China).
"I believe many of our competitors will learn from our smartphone innovations and I welcome them to do so," Li said in a statement.
There are three models available, with prices ranging from CNY 6,499 to CNY 7,499 ($890 to $1,030). Initially, the phone will only be available for purchase in China, and deliveries are set to commence on September 28th.
Shares of NIO are down 3.51% in pre-market trading Thursday morning.
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Nio CEO calls for open minds as EU launches subsidy probe
By: Investing.com | September 21, 2023
William Li, the head of Chinese electric vehicle manufacturer, Nio (NYSE:NIO) expressed a desire for governments worldwide to adopt a more open-minded approach rather than isolating themselves. This statement followed the European Commission's initiation of an anti-subsidy investigation into electric vehicles produced in China last week.
Li said that there are valuable lessons to be gleaned from China's new energy vehicle industry, emphasizing the importance of embracing open competition for the betterment of users and the promotion of global sustainability.
Nio is ranked 9th among manufacturers of electric and hybrid vehicles in China and is among a number of Chinese EV makers that have been expanding into Europe among growing competition in their home market, helped by strict rules on emissions and Beijing's favorable trade ties.
According to the European Commission, China's market share of electric vehicles (EVs) sold in Europe has increased to 8% and is projected to potentially reach 15% by 2025. Commission President Ursula von der Leyen noted last week that prices in the EV sector were being artificially suppressed by state subsidies.
However, the Chinese Chamber of Commerce to the EU argued that the sector's competitive advantage was not solely attributable to subsidies.
Shares of NIO are down 3.79% in afternoon trading Thursday.
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Nio to launch EC6 electric coupe on Sept 15
By: Investing.com | September 11, 2023
Chinese EV maker, Nio Inc. (NYSE:NIO) announced Monday that the company will officially launch their new EC6 on Friday, September 15th.
Nio will hold a launch event starting at 8 pm to launch the all-new EC6, a smart electric coupe SUV, the Chinese electric vehicle maker announced today.
Last week, a Weibo (NASDAQ:WB) user quoted Nio's co-founder and president, Qin Lihong, who mentioned at a partner conference that Nio is gearing up to unveil the new EC6 on September 15 and will commence deliveries shortly thereafter.
During an analyst call held on August 29, Nio's management discussed their plans to launch and start delivering the upgraded mid-size coupe SUV, the EC6, in September. This launch marks the completion of a full product transition based on the NT 2.0 platform, as per the company's announcement made after reporting its second-quarter earnings.
The Nio App has recently updated its EC6 page, allowing consumers to start making reservations for this model.
Customers now have the option to place a deposit of RMB 5,000 (approximately $680) to secure their reservation for the upcoming EC6 model. By doing so, they will gain access to exclusive pre-sale perks for a limited time. Additionally, those who pre-order will have the opportunity to earn Nio Credits rewards valued at RMB 1,000 when they finalize their order.
Shares of NIO are up 2.54% in afternoon trading on Monday.
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Nio Inc - (NIO) Shares Purchased by NewEdge Advisors LLC
By: MarketBeat | September 8, 2023
• NewEdge Advisors LLC grew its position in shares of Nio Inc - (NYSE:NIO) by 433.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,715 shares of the company's stock after buying an additional 91,571 shares during the period. NewEdge Advisors LLC's holdings in NIO were worth $1,185,000 as of its most recent SEC filing...
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$NIO $1.4 Million Put Seller (Unusual) • Strike: 14 • Expiration: 9/01/23
By: Cheddar Flow | September 1, 2023
• $NIO $1.4M Put Seller (Unusual)
Strike: 14
Expiration: 9/01/23
*At the Bid*
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Mizuho cuts price target on Nio while raising delivery estimates
By: Investing.com | August 30, 2023
Mizuho reiterated a Buy rating on Nio Inc. (NYSE:NIO) but cut their 12-month price target on the stock to $18.00 (from $20.00) after the Chinese electric automaker reported its 2Q earnings report.
NIO reported 2Q revenues of RMB 8.77 billion, missing the consensus estimate of RMB 9.51B. Deliveries for the quarter were down 24% compared to the first 3 months of the year. However, management guided 3Q deliveries of 56k units, up 138% q/q and 77% y/y as the electric automaker places its faith in its NT2.0 product rollout expected in September, along with an expanding service and power network.
Analysts wrote in a note, “While NIO did not guide its full 2023E production (prior ~250k), we believe the company can see improving deliveries through 2H23E as it expands its sales force and sees demand tailwinds from RMB 30k price cuts implemented in June.”
The automaker reported an EPS loss of (3.28) for the quarter, missing the consensus estimate of (2.41).
NIO is targeting ~30k vehicles/month starting in Oct'23 as it increases its sales staff.
Mizuho raised their F23E/F24E deliveries estimates to ~174k/290k units, up 42%/66% y/y. Mizuho also adjusted their 3Q revenue and EPS estimates from RMB 16.5B and (2.26) to RMB 19.2B and (2.16) respectively. Consensus estimates for the 3Q are RMB 17.4B/(2.42).
“Despite concerns of a softer consumer, we believe NIO remains well-positioned with multiple upcoming ramps including its lowest cost SUV ES6, a multi-year EV adoption tailwind, market leadership in premium EVs in China, the largest EV market, EU/Global expansion, and an expanding product portfolio,” added the analysts.
Shares of NIO are down 2.34% near end-of-day trading Wednesday.
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Disappointing Q2 Results Drag Nio Inc (NIO) Stock
By: Schaeffer's Investment Research | August 29, 2023
• China-based Nio also issued a downbeat fiscal third-quarter forecast
• The security is down more than 50% year-over-year
Nio Inc (NYSE:NIO) earlier announced worse-than-expected second-quarter losses and revenue. The electric vehicle (EV) name also saw its delivery numbers dwindle year over year, and issued a fiscal third-quarter revenue outlook that was below analysts' estimates. At last check, NIO was down 7.9% at $10.15.
Today's bear gap early sent the security below a floor at the $10 level, and it's on track close below its 80-day moving average for the first time since June. Nio stock is a far cry from this year's Aug. 4 high of $16.18, and is down nearly 50% over the last 12 months.
Overall options volume is already running at six times the intraday average amount, with 100,000 calls and 51,000 puts traded so far. Most active is the weekly 9/1 9.50-strike put, where positions are being opened. NIO is also on the short sale restricted (SSR) list today.
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$NIO reported earnings this morning: Double Miss
By: Evan | August 29, 2023
• $NIO reported earnings this morning
EPS of -$0.45 missing expectations of -$0.35
Revenue of $1.21B missing expectations of $1.27B.
Nio's gross margin on vehicles for the second quarter was 6.2% in the second quarter, down from 16.7% a year ago but up from 5.1% in the first quarter of 2023
Nio's adjusted figures exclude share-based compensation expenses. On a GAAP basis, the company reported a net loss of $835.1 million, or 51 cents per share
"We expect a solid growth in vehicle deliveries in the second half of 2023," - Nio CEO
(CNBC)
Looking forward:
— Evan (@StockMKTNewz) August 29, 2023
Nio now expects to deliver between 55,000 and 57,000 vehicles in the third quarter, up significantly from the 31,607 EVs it delivered in the third quarter of 2022. It expects its revenue for the period to fall between $2.61 billion and $2.69 billion, up from…
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NIO Power is a mobile internet-based power solution with extensive networks for battery charging and battery swap facilities. Enhanced by Power Cloud, it offers a power service
the system with chargeable, swappable, and upgradable batteries to provide users with power services catering to all scenarios.
NIO News
 NIO's Game-changer: Unveiling the 1,000 KM Range Electric Vehicle Battery | New Era in EV Technology! | |
 NIO featured on CNN |
Company Contact Information:
NIO. Inc. (China) P:862169083306
No. 56 Antuo Road Investor
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