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Sad for those people. It should not affect the price, It was a bad accident.
Chinese electric carmaker Nio says that two people were killed when one of its vehicles fell from the third floor of its headquarters in Shanghai.
One member of staff and a person from a partner company died in the crash.
The incident took place on Wednesday at about 17:20 local time, the firm said. The people who died were inside the vehicle as it fell from the building.
Nio says it immediately started an investigation into the incident in co-operation with government officials.
The third storey area from where the car fell has been variously described as a showroom, a testing facility or a car park.
"Our company has collaborated with public security department to launch the investigation and analysis of the cause of the accident. Based on the analysis of the situation at the scene, we can initially confirm that this was an accident (not caused by the vehicle)," the company said in a statement.
Nio Vehicle Plunges From Third Story "Showroom" At Company Headquarters, Killing Two
Tyler Durden's Photo
BY TYLER DURDEN
FRIDAY, JUN 24, 2022 - 02:05 PM
Two people were killed when a Nio electric vehicle plunged out of the third floor of the company's headquarters in Shanghai this week.
A member of the company's staff and one staff member from a partner company were killed in the accident, which took place Wednesday at about 17:20 local time, according to a report by the BBC.
Both employees were in the car at the time it plunged out of the window. The third story of the building has been described as a showroom, the BBC report says. Nio has claimed it has "immediately" started an investigation with government officials into the incident.
Any idea how this will affect price?
I think its on its way already, look at the 3 month chart, If you wait til the entire market turns around you will have missed the boat. Remember their forecast is going from 7k cars/ mo currently to 25k/mo. by EOY. chew on that
When the stock slaughter has cooled and economy is back to normal (give it some time) this should be a nice stock to own!
where you content with the driving experience?
What you don’t know is that the Chinese govt. is in business with Nio.
How do I know this? Well I originally bought this stock at 1.98. My friends thought it was stupid. But I read where the govt was going to take care of Nio. They gave Nio money and they changed the way they gave money to companies that somehow had interchangeable batteries. The got money as Tesla didn’t. Musk cried about it til he found other things. I think it was Twitter. The negative money doesn’t effect them as long as the Chinese govt decides they want this Corp. to succeed.
Ps the only reason I got into this stock was because I drove a Nio in the Philippines.
Glta
Staging a nice comeback . the last month has been steadily climbing. I am optmistic. I already made $47k off this stock. Looking for another boom time
NIO has $49.41 billion in cash!
$NIO Has $22.09 Billion of Debt. Under its balance sheet
NIO The hot streak continues as price is now approaching the April highs
By: TrendSpider | June 21, 2022
• $NIO The hot streak continues as price is now approaching the April highs.
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The German automaker is suing, believes the Nio ES6 and ES8 sound too similar to their own S6 and S8.
What a bunch of crapola.
https://insideevs.com/news/593069/audi-suing-nio/
NIO has $49.41 billion in cash!
$NIO Has $22.09 Billion of Debt. Under its balance sheet
https://finance.yahoo.com/quote/NIO/key-statistics?p=NIO
NIO Bullish trend broke out of resistance & held above the 50 & 100 daily EMAs
By: TrendSpider | June 19, 2022
• $NIO Bullish trend broke out of resistance & held above the 50 & 100 daily EMAs RSI however shows some bearish divergence forming.
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If we remove the tariffs, NIO cars would be a lot cheaper to buy in the States. So lets hope that happens. Don't have a timetable for when NIO wants to expand to the US but I expect it to be withing 2years
All options on table in China tariff review, U.S. trade official says
https://www.reuters.com/markets/all-options-table-china-tariff-review-ustr-official-says-2022-06-02/ $NIO
China’s Stocks Are Bucking Global Market Volatility. Tech Is Leading the Way.
https://www.barrons.com/articles/chinas-stocks-are-bucking-global-market-volatility-tech-is-leading-the-way-51655475095 $NIO
NIO Strong move through the downtrend line today as #GoNoGo remains firmly bullish
By: TrendSpider | June 17, 2022
• $NIO Strong move through the downtrend line today as #GoNoGo remains firmly bullish.
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China may offer consumers a $1500 subsidy to scrap their old ICE car for a new EV.
Glad I was able get some shares this morning back in the mid 18s. This may end up being the stock of the year
China economy stalling on all fronts Deposits at four rural banks in the central Chinese province of Henan have been frozen since April 18, sparking protests in the provincial capital city of Zhengzhou
President Xi Jinping has placed economic stability as a top priority and vowed to strengthen supervision within the state-dominated financial system….
https://www.scmp.com/economy/china-economy/article/3179730/cash-crisis-amid-chinas-stalling-economy-rural-banks-freeze
Now barreling UP.
Meet the New Model at NIO Product Launch Event
Nio Stock Is Jumping. It’s Not Just About a New Car
By: Barron's | June 14, 2022
Nio stock was soaring after the Chinese electric-vehicle maker announced a new car. The big move, however, may have more to do with hopes for the Chinese economy than any individual car.
Nio stock has gained 19% to $18.97 at 1:28 p.m. on Tuesday ahead of a launch event on Wednesday. The company is expected to reveal its much-anticipated ES7 SUV—it teased a video of something—and the hope is that it will help drive new sales through 2022.
But Nio is also benefiting from what looks to be a reassessment of Chinese stocks by investors. While the S&P 500 has fallen 0.3% and the Dow Jones Industrial Average is off 0.5%, the iShares MSCI China ETF (MCHI) has gained 3.1%. That’s helped boost not only Nio, but Li Auto, which is up 12%, XPeng (XPEV), which has risen 7.8%, and Alibaba Group Holdings (BABA), which is up 6.7%.
What’s brought Chinese stocks, which have gotten pummeled, back into favor, at least for one day. After another series of near-total Covid-19 lockdowns, the economy has started to reopen, while policy makers are starting to take steps to ease monetary conditions at a time when the U.S. Federal Reserve is set to raise interest rates by the most since the 1990s.
Money has to go somewhere, and as investors start to fear what’s to come in the U.S., they’re looking to China as a potentially safer haven for their cash.
And that’s a scary thought in and of itself.
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Here we go it’s barreling down now $16s. China companies proceed with caution most just pump and dump and get new bag holders in this environment unfortunately
Wow we went big on the June calls huge profits today sold most NIO up 3.00 bang---- and rolled the rest over to cheap out of the money calls... Have a great day..
Out of here $$ was a nice day trade it’s going to drop right back down to $17s markets too tumultuous.
Today's report is blue sky's ahead once again. Most manipulated stock in the market. Last week it was all gloom and doom.
$NIO 21D big spot to hold, really needs the Lockdowns to stop
By: Options Mike | June 12, 2022
• $NIO Earnings not good, delivery numbers forecast not good....
21D big spot to hold, really needs the Lockdowns to stop.
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NIO Stock Falls After Earnings - Where Will It Go From Here?
By: The Tokenist | June 10, 2022
• Nio stock price is trading over 40% lower year-to-end and almost 60% down in the past 12 months
• Tighter financial conditions bearing a significant impact on high-growth stocks, the risks to US delisting, and supply chain headwinds are the key factors behind Nio's bearish rout
• It is now unlikely that shares will turn higher in the short run
Nio Reports Bigger-than-expected Loss
This week, Chinese EV maker Nio (NYSE:NIO) reported a loss of 1.8 billion yuan for the first quarter of 2022, down 62.6% from the year-ago period. However, the Chinese electric automaker said revenue rose 24.2% year-over-year to 9.9 billion yuan, driven by stronger electric vehicle (EV) sales.
The company reported a new record high of 25,768 EV deliveries in the first three months of the year, up 28.5% from the same period last year. Nio said it generated 9.2 billion yuan from vehicle sales in the quarter, up 24.8% year-over-year, though vehicle margin fell to 18.1% from 21.2% in the year-ago quarter on higher costs.
The Shanghai-based electric vehicle maker said R&D expenses surged by 156.6% from the year-ago period to 1.8 billion yuan due to higher staff and incremental design and development costs for its latest offerings.
Nio reported a 68.3% jump in selling, general and administrative expenses to 2 billion yuan. The EV company reported a basic and diluted net loss per share of 1.12 yuan, down from 3.14 yuan in the year-ago quarter and compared to 1.36 yuan per share in the fourth quarter of last year.
While supply chain constraints and new waves of coronavirus infections weighed on China-based operations, Nio said it registered strong demand for its complementary products, and saw an all-time high of order inflows in May, said the company's founder, chairman, and CEO William Li.
Nio's CFO Steven Wei said the company's listing in Singapore last month reinforced its position in the global financial markets and added that the carmaker has been cooperating with its supply chain partners to ramp up production capacity and vehicle delivery.
"While making decisive investments in new products, technologies and businesses, we strive to continuously optimize our cost structure, improve operating efficiency and create long-term value for our shareholders."
Moving forward, Nio expects its vehicle deliveries for Q2 to be in the range of 23,000 to 25,000 and anticipates Q2 revenue to range from 9.3 billion to 10.1 billion yuan.
Has Delisting Been De-risked?
The EV company recently listed its shares in Singapore, marking the third stock exchange with live trading after listing on the New York Stock Exchange and Hong Kong.
The carmaker's decision to make a third listing comes after the U.S. Securities and Exchange Commission (SEC) warned that numerous U.S.-listed Chinese companies face a delisting risk from U.S. exchanges.
During his reign, former U.S. President Donald Trump signed a bill that asked foreign companies that want to list their shares in the U.S. to adhere to stricter auditing standards, and those who fail to comply could be delisted.
The bill raised concerns among many major U.S.-listed Chinese companies, including Alibaba (NYSE:BABA), and JD.com (NASDAQ:JD), among others, which then opted for secondary listings to reduce the delisting risks.
Most of those companies carried out their secondary listings in Hong Kong, including Nio. This way, Nio mitigated the risk of being forced out of NYSE. However, its decision to carry out the third listing in Singapore is not a move commonly seen among its peers.
Shares of its competitors Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI) are also listed in Hong Kong after their so-called dual primary listings.
New Expansion and Battery Plans
Nio will start producing self-developed high-voltage battery packs in the latter half of 2024, Nio's CEO William Li told analysts this week.
In an attempt to rival its biggest competitor, Tesla (NASDAQ:TSLA), Nio has already hired 400 employees to research and develop battery technologies, with a plan to have both self-produced and externally sourced batteries.
Unlike Tesla, which uses 400-volt batteries, Nio will produce 800-volt lithium-ion battery packs with an advantage of a faster recharge. Li added that new battery packs will be available for sale in the latter half of 2024, presumably for a price of 200,000 to 300,000 yuan.
Media reports also circulated that Nio has advanced plans for expansion on U.S. soil. The EV company has reportedly started the recruitment process for production facilities in the U.S. which will be used for either complete knock down (CKD) or semi-knock down (SKD) assembly methods. This includes shipping manufactured and/or semi-assembled components for assembly in another country.
The move would represent a continuation of Nio's ambitions to provide services in 25 countries and regions by 2025, including Western Europe, Australia, and the U.S.
The new report correlates with a report from January, saying that Nio had signed a ten-year lease in San Jose, which will be used as the EV company's local headquarters.
Nio is looking for park planning experts, planning and infrastructure experts, body craft experts, and overseas logistics project managers for its US-based manufacturing-related positions.
Summary
Nio investors received another blow as shares fell over 7% on the Q1 earnings report. Shares of the EV company were already down sharply in a more challenging macro environment in 2022. It is now unlikely that shares will turn higher as long as the company faces supply chain management troubles and macro headwinds.
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Look at those whales sucking up the shares like a giant vacuum cleaner. Amazing manipulation this morning to tank the stock. Whales were but hurt they missed the boat last week
NIO Falls As Margins Decline
By: Vladimir Zernov | June 9, 2022
Key Insights
• NIO released its first-quarter report, beating analyst estimates on both earnings and revenue.
• Traders focused on falling margins and deliveries guidance for the next quarter.
• The market remains worried about China’s zero-COVID policy which increases risks of lockdowns in Shanghai.
NIO Retreats After Q1 2022 Report
Shares of NIO found themselves under strong pressure after the company released its first-quarter results.
The company reported revenue of $1.56 billion and an adjusted loss of $0.13 per share, beating analyst estimates on both earnings and revenue.
In the first quarter, NIO delivered 25,768 vehicles compared to 25,034 vehicles in Q4 2021. Vehicle margin declined from 20.9% in Q4 2021 to 18.1% in Q1 2022. Gross margin has also declined from 17.2% to 14.6%.
In the second quarter of this year, NIO expects to deliver between 23,000 and 25,000 vehicels. Total revenues are expected to be in the $1.47 billion – $1.59 billion range.
The market focused on falling margins and modest guidance, which was bearish for NIO stock. In addition, it looks that traders remain worried about the possibility of more lockdowns in Shanghai.
What’s Next For NIO Stock?
Analysts expect that NIO will report a loss of $0.54 per share in the current year and a loss of $0.11 per share in the next year. Analyst estimates have been moving lower in recent months, which is not surprising given the negative impact of lockdowns in China.
In recent weeks, NIO stock managed to move away from yearly lows amid a broad rebound in Chinese stocks. It should be noted that NIO stock is down by more than 70% from the highs that were reached back in 2021, so some speculative traders may see this major pullback as a buying opportunity.
In the near term, NIO stock will remain sensitive to news about the situation with coronavirus in China. The company’s second-quarter guidance already looks bleak, and another lockdown will further hurt margins and deliveries.
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$NIO Q1 Deliveries up +28.5% YoY but forward guidance weighs
By: TrendSpider | June 9, 2022
• $NIO Q1 Deliveries up +28.5% YoY but forward guidance weighs.
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So many lies and manipulation in articles related to Nio. One day they Rock the next they suck.
"Covid shutdowns hampered Nio’s production in the first five months of 2022."
https://www.cnbc.com/2022/06/09/nio-q1-2022-earnings-reveal-wider-loss.html?__source=sharebar|twitter&par=sharebar
"Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago."
https://www.cnbc.com/2022/06/09/nio-q1-2022-earnings-reveal-wider-loss.html?__source=sharebar|twitter&par=sharebar
Bearish: earnings are priced in.
NIO GoNoGo Trend now firmly bullish
By: TrendSpider | June 8, 2022
• $NIO GoNoGo Trend now firmly bullish.
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So everything is perfect again in China? Nio stock soaring. Just last week it was over for China. Haha. Gotta love the stock manipulation by the talking heads on TV.
Earnings Preview: Nio Inc. (NYSE: NIO)
By: 24/7 Wall St. | June 7, 2022
• Here is a look at four companies scheduled to release quarterly results late Wednesday or early Thursday.
Nio
China-based electric vehicle maker (EV) Nio Inc. (NYSE: NIO) has dropped about 54% from its share price over the past 12 months. Since dipping to a 52-week low in mid-May, the stock has added 46%. Nio is expected to report results before markets open on Thursday.
Barron’s reported three reasons for the recent share price increase: first, the company is reportedly looking to hire U.S. talent and that could lead to sales and perhaps production in this country. Second, China’s government has instituted a tax break for people who buy new cars by the end of the year. Third, Shanghai will subsidize EV purchases to the tune of $1,500 until the end of the year.
There are 26 analyst ratings on Nio’s stock, and all but two are Buy or Strong Buy ratings. At a share price of around $19.20, the upside potential based on a median price target of $32.53 is about 69%. At the high target of $83.23, the upside potential is 333%.
For the first quarter of fiscal 2022, the consensus estimates call for revenue of $1.48 billion, down 5.1% sequentially but 21.3% higher year over year. Nio is expected to post an adjusted loss per share of $0.16, better than the $0.17 per-share loss in the prior quarter and worse than the year-ago loss of $0.03 per share. For the full year, the company is expected to report a per-share loss of $0.50, worse than the $0.30 loss in 2021, on sales of $9.41 billion, up about 65.5%.
Analysts estimate that Nio will trade at 84.7 times earnings in 2024. Until then, it is not expected to post a profit. The enterprise value-to-sales multiple is expected to be 2.9 in 2022 and 1.7 in 2023. The stock’s 52-week range is $11.67 to $55.13. The company does not pay a dividend, and the total shareholder return for the past year is negative 54.3%.
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NIO (NIO) to Release Quarterly Earnings on Thursday
By: MarketBeat | June 2, 2022
• NIO (NYSE:NIO - Get Rating) will release its earnings data before the market opens on Thursday, June 9th. NIO has set its Q1 2022 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link...
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$NIO 3.62 Million Share at $18.85 #darkpool print
By: Money Flow Mel | June 2, 2022
• $NIO 3.62 million share #darkpool print at $18.85.
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Nio Stock Surges Amid Easing Covid-19 Restrictions
By: Schaeffer's Investment Research | May 31, 2022
• As a result, Morgan Stanley called the electric vehicle maker a research tactical idea
• Year-over-year, NIO remains down roughly 55%
Chinese electric vehicle (EV) maker Nio Inc (NYSE:NIO) is up 3.1% to trade $17.09 this morning, as Shanghai looks to reopen its economy after Covid-19 curbs with a stimulus package that will encourage developments in cloud computing, artificial intelligence (AI), and blockchain technologies. As a result, Morgan Stanley called NIO a research tactical idea, predicting a rebound for the equity as it benefits from such stimulus programs and resumes sales.
Analysts are bullish towards Nio stock, with seven of the eight in question calling it a "buy" or better, while the 12-month consensus target price of $41.55 is a lofty 137.8% premium to current levels. Meanwhile, the 78.40 million shares sold short make up 5.1% of the equity's available float.
Short-term options traders are also optimistic. This is per NIO's Schaeffer's put/call open interest ratio (SOIR) of 0.54, which sits higher than only 2% of readings from the past 12 months. In simpler terms, these traders have rarely been more call-biased.
Nio stock has struggled so far in 2022, but the equity is today pacing for a second-straight close above its 30-day moving average, and fourth consecutive daily win. What's more, the shares are testing resistance at the $18 region, which has been capping the security since April. Year-over-year, NIO remains down 54.9%.
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$NIO Squeezing above the trendline in pre market trading!
By: TrendSpider | May 31, 2022
• $NIO Squeezing above the trendline in pre market trading!
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The Shanghai municipal government on May 29 unveiled (in Chinese) 50 stimulus measures, which included giving out 40,000 new car plates and handing out cash incentives for gas car owners trading in for EVs.
Consumers will also receive rebates of RMB 10,000 ($1,503) per car for any trade-in of gasoline vehicles for new electric vehicles (EVs) for the rest of the year, as stated on the notice of the municipal government’s official WeChat account.
Cui Dongshu, Secretary General of the China Passenger Car Association, on Monday told Jiemian News (in Chinese) that he expects Shanghai’s stimulus package to increase sales of passenger vehicles by around 150,000 units, of which two-thirds could be new energy vehicles, which includes all-electric vehicles and plug-in hybrids.
On Monday, a Nio spokesperson told Chinese media The Paper on Monday that the company expects the stimulus measures to accelerate EV adoption, adding that orders for its models in the city have increased “significantly” in May (our translation).
A number of local authorities also released similar cash subsidies for people to buy cars. Shenzhen on Thursday announced (in Chinese) plans to lift its limits on the number of new vehicles allowed on the city’s roads by allocating 20,000 new license plates to quotas and providing incentives of up to RMB 20,000 for new car purchases.
Both the central Chinese city of Zhengzhou and Shenyang, the capital city of the northeastern Liaoning province, announced new voucher programs of RMB 100 million to boost vehicle buying earlier this month. Meanwhile, car buyers in the central city of Wuhan could receive a subsidy of RMB 8,000 or RMB 3,000 for each trade-in of new energy vehicles or combustion engine vehicles, respectively.
Context: China’s central government has pledged to strengthen the current state subsidy to EV makers to encourage auto sales, as the latest wave of Covid-19 cases has disrupted auto parts supply chains and forced carmakers to drop their outlooks for the year.
During a State Council executive meeting on May 23, Beijing unveiled dozens of new stimulus measures, including cutting car purchase taxes by RMB 60 billion, in the hope of helping the industry withstand the impact of the pandemic, SCMP reported.
China’s auto sales dropped by nearly half to 1.18 million units in April compared to the same time a year earlier, according to official figures. Major automakers such as Tesla were hit hard by supply-chain constraints and a month-long production shutdown.
Local EV upstarts Xpeng and Li Auto earlier this month issued a gloomy outlook for the second quarter of this year, after reporting record declines in vehicle deliveries for April.
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! | |
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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
Instagram www.instagram.com/nioglobal
Facebook www.facebook.com/NIOGlobal
News www.nio.com/news
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