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NIO Intends To Launch ET7 Flagship In Germany Next Year
By: Mark Kane | September 20, 2021
• The car was recently shown in Germany alongside the EVE concept.
NIO has recently shown in Germany its upcoming all-electric flagship model, the NIO ET7, announcing an intention to launch it in the country by the end of 2022.
Let's recall that the car was introduced in January 2021 during the NIO Day event and is expected on the market in China in Q1 2022.
William Li, founder and CEO of NIO said:
"Entering Germany is the objective that we’re striving for. Interest is very high with many requests from potential users there. Our target is to have ET7 in Germany by the end of 2022."
An interesting thing is that the ET7 will be the first NIO model on the market in Germany, while in Norway, the company is currently introducing the NIO ES8 SUV.
It's not clear which battery version NIO will introduce in Europe (70 kWh, 100 kWh or solid-state 150 kWh).
Meanwhile, NIO has already started pre-production of the ET7 at the JAC-NIO Hefei Advanced Manufacturing Center in China...
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$NIO Weekly setup still holding to the 20/50 MA cloud
By: TrendSpider | September 18, 2021
• $NIO Weekly setup still holding to the 20/50 MA cloud.
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$NIO Having a bit of hesitancy holding above support, we'll have to see what the rest of the week brings!
By: TrendSpider | September 15, 2021
• $NIO Having a bit of hesitancy holding above support, we'll have to see what the rest of the week brings!
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Nio shares fall after $2 billion stock offering announced
By: StreetInsider | September 7, 2021
NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market in China, today announced that it has filed a prospectus supplement to sell up to an aggregate of US$2,000,000,000 of its American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company, through an at-the-market equity offering program (the “At-The-Market Offering”).
The ADSs will be offered through Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, Nomura Securities International, Inc. and Guotai Junan Securities (Hong Kong) Limited as sales agents. Some of the sales agents are expected to make offers and sales both inside and outside the United States through their respective selling agents.
The Company has entered into an equity distribution agreement with the sales agents relating to the At-The-Market Offering. Sales, if any, of the ADSs under the At-The-Market Offering will be made from time to time, at the Company’s discretion, by means of ordinary broker transactions on or through the New York Stock Exchange (the “NYSE”) or other markets for its ADSs, sales made to or through a market maker other than on an exchange, or otherwise in negotiated transactions, or as otherwise agreed with the sales agents. Sales may be made at market prices prevailing at the time of sale or at negotiated prices. As a result, sales prices may vary.
The Company currently plans to use the net proceeds from the At-The-Market Offering to further strengthen its balance sheet, as well as for general corporate purposes.
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Nio Earnings Surge despite Crackdown on Big Tech
By: Tip Ranks | September 5, 2021
Established in 2014, Nio (NYSE:NIO) has come a long way to become one of the leading EV manufacturers in China. The company has seen a steady rise in demand for its luxury SUVs in 2021. Additionally, Nio has witnessed a doubling of its car sales in 2020 and is focusing on developing its battery technology and introducing newer EV models.
The company does not manufacture electric cars. Rather, it has partnered with a state-owned car manufacturer. This has provided Nio with an asset-light business model, allowing Nio to focus on technological development and design, much the same way as other high-profile companies such was Apple (NASDAQ:AAPL).
This extraordinary business model has resulted in otherwise stellar earnings. Nio's recent Q2 results highlighted how successful this Chinese EV player has been. The company updated its forward revenue guidance, and announced plans to battle the rising competition from domestic and foreign rivals such as U.S giant Tesla (NASDAQ:TSLA).
Nio's stock fell after China’s Communist Party’s Central Committee declared a 5-year plan for increased regulation. Indeed, all Chinese growth stocks fell on this news. While the CCP had earlier imposed a series of regulatory curbs on its tech start-ups, investors are increasingly trying to decide how the future regulatory environment may look for Chinese stocks in this environment.
Accordingly, Nio is an intriguing stock to assess today. This author is bullish on the stock. Let's dive into whether this is a worthwhile stock for investors consider a long-term growth investment today. (See Nio stock charts on TipRanks)
Nio Earnings in Q2
Starting with the top line, things are looking up for EV player Nio. The company reported a massive year-over-year revenue jump of 145% in the second quarter. Experts believe that the Chinese EV sector may not be as affected by the recent regulations as much as the other sectors. If true, this implies more upside for NIO stock relative to other high-profile Chinese tech companies.
On the bottom line, Nio also outperformed. The company posted a loss of $0.09 per share, relative to a $0.17 loss during the previous quarter last year. While still losing money, Nio appears to be trending in the right direction, and could head into the black shortly.
Nio's deliveries ended up coming in near the higher-end of the company's previously-estimated range of 21,000-22,000 vehicles. The company reported deliveries of 21,896 units of its luxury electric vehicles this past quarter. These delivery numbers were stronger than many expected, given difficult headwinds caused by a global chip shortage and increased competition.
Nio has stated that its July sales in the current year have more than doubled in comparison to last year. Accordingly, the company aims to sell 23,000 to 25,000 EVs during the next quarter, which would be 88%- 105% more as opposed to last year.
These numbers are very strong, and represent the kind of growth investors expect from a company with this sort of valuation.
Nio Aims to Expand in Norway
Chinese EV manufacturers have already started to make inroads into Norway. Why Norway? Well, it is a major EV market in Europe, with much higher adoption rates than other sub-regions in Europe. EV makers like Nio, BYD Auto (BYDDF (OTC:BYDDF)), Li Auto (LI), and others are planning to enter the Norwegian EV market, which is otherwise dominated by Tesla.
Nio has already shipped its first batch of its ES8 luxury electric SUVs to Norway. Nio’s expansion to foreign markets is a bullish sign for investors looking past China. Though China is a massive, fast-growing market, Nio is clearly making a move to become a global leader in the EV race. Long-term investors ought to like this move.
Nio to Launch a Series of New Models
Currently, Nio manufactures a lineup of luxury electric SUVs, including its ES6, EC6, and ES8 models. Founder and CEO William Li has announced that the company would be introducing its first electric sedan ET7 next year. The EV maker plans to launch three new models in the upcoming year, including its ET7 sedan.
What are the Analysts Saying about NIO Stock?
According to TipRanks analyst rating consensus, NIO stock is a Strong Buy. Out of 7 analyst ratings, there are 7 Buy recommendations.
The average analyst Nio price target is $66.01, implying an upside of 63.6%. The analyst price targets range from a low of $57 for each share to a high of $72 per share.
Bottom Line
Nio has constantly been trying to develop new battery technologies to get an edge over its competitors. Moreover, it is also working on creating a new battery swapping service that would allow users to swap exhausted batteries with a fully-charged one.
With newer EV models, overseas market expansion, and key innovations, Nio is poised to grow. This is a top growth stock every long-term investor should at least look at today.
Disclosure: At the time of publication, Chris MacDonald did not have a position in any of the securities mentioned in this article
Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.
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Nio $NIO Having some difficulty in-between the volume gap
By: TrendSpider | September 4, 2021
• $NIO Having some difficulty in-between the volume gap.
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Nio (NIO) Having trouble facing these heatmaps
By: TrendSpider | September 2, 2021
• $NIO Having trouble facing these heatmaps.
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Nio Charts Suggest Caution After Disappointing Deliveries
By: TheStreet | September 2, 2021
• Nio stock is trading lower after the Chinese EV producer issued a disappointing update on deliveries. Here's how to trade the stock from here.
It didn’t look like it was going to be a very good day for Nio (NIO) on Wednesday.
The shares were trading lower by 5% in the premarket, as investors were disappointed by the Chinese electric-vehicle producer's delivery update.
Nio reduced its third-quarter delivery expectations and now expects to deliver 22,500 to 23,500 vehicles in the quarter. That’s down from the prior range of 23,000 to 25,000 vehicles.
That said, Nio stock is now flat on the day after an impressive rebound.
It also comes at a time where other EV stocks -- except for Tesla (TSLA) are struggling. Tesla is hitting its highest level since April.
Despite Nio trading below all of its daily moving averages, this rally from negative territory on bad news is pretty impressive. Let’s look at the chart to see what could be next.
Trading Nio Stock
Daily chart of Nio stock.
Chart courtesy of TrendSpider.com
Nio rode into 2021 with some impressive momentum. Unlike most growth stocks, though, this name topped well before the February high. That doesn’t mean, though, that it was spared from the ensuing bear market in growth stocks.
Nio was knocked lower just like its peers. In early May, the stock took out its February low, bottomed at $30.71 and quickly rebounded higher. Since being rejected near the $54 level and the 61.8% retracement, Nio stock has been struggling for upside traction.
Today’s action is impressive -- yet I am still a bit cautious on Nio stock.
The shares remain below the key $39 to $40 area, as the July low is currently acting as resistance. Before the struggle with this area, it looked like we had a rather typical “ABC” correction down to the weekly VWAP measure.
Now with Nio struggling, though, it sets us up for a potentially larger pullback — something like an “ABCDE” correction, a five-wave dip.
Aggressive bulls may consider being long with a stop below the August low (at $36.24). But I’d rather have a better entry.
That either comes from a deeper correction -- potentially to the weekly VWAP measure or possibly even deeper -- or on a rotation higher.
For the latter, a close above $40 and the 21-day moving average would be attractive. Not only would that give us a weekly-up rotation but it would also put the 50-week and 200-day moving averages in play.
Nio is a tricky one. Its chart still suggests caution, but Tuesday’s action had some promise. Let’s keep an eye on this one.
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Nio Shares Fall After EV Maker Cuts Deliveries Estimate
By: TheStreet | September 1, 2021
• NIO expects to deliver 22,500 to 23,500 vehicles in the third quarter, down from the previous estimate of 23,000 to 25,000.
Nio NIO shares fell on Wednesday after the Chinese electric vehicle maker trimmed its forecast for third-quarter deliveries.
“In light of the continued uncertainty and volatility of semiconductor supply, the company prudently adjusts vehicle production and expects to deliver approximately 22,500 to 23,500 vehicles in the third quarter, revised from the previous outlook of 23,000 to 25,000 vehicles,” Nio said in a statement.
The Shanghai company's stock recently traded at $37.29, down 5%. It had dropped 14% in the six months through Tuesday amid concern about valuation.
NIO delivered 5,880 vehicles in August, representing 48% year-over-year growth.
“While the company’s new order reached an all-time high in August, driven by increasing demand, vehicle production, especially the manufacturing of the ES6 and EC6, was materially disrupted by supply chain constraints resulting from COVID-19 in China and Malaysia.”
Earlier this month, Nio shares fell after a Chinese executive reportedly died in an accident while driving one of the Chinese electric-vehicle maker's model ES8 SUVs.
He died after activating the autopilot navigation system in his SUV, according to reports from several Chinese media outlets.
The Nio ES8 is equipped with several driver-assistance functions, including features enabled by Intel (INTC) division Mobileye, that enable some forms of autonomous driving, Barron's reported.
Also this month, Nio posted better-than-expected second-quarter earnings, reporting a jump in revenue and raised its guidance.
It registered an adjusted loss of 3 cents a share. The FactSet analyst consensus called for a loss of 9 cents. Revenue totaled $1.31 billion, more than double (up 127%) the year-earlier figure.
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Nio Inc - (NIO) Receives Average Recommendation of "Buy" from Brokerages
By: MarketBeat | August 24, 2021
• Nio Inc - (NYSE:NIO) has earned a consensus rating of "Buy" from the eighteen brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $60.35...
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$NIO Holding tight to support on the weekly
By: TrendSpider | August 28, 2021
• $NIO Holding tight to support on the weekly.
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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
Jiading Shanghai 201804 Relations
Website: www.nio.com
Twitter twitter.com/NIOGlobal
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Facebook www.facebook.com/NIOGlobal
News www.nio.com/news
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