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Nio stock is one of the fastest-growing EV stocks in the market today. In this video we talked about all things nio stock. Nio continues to beat all of their expectations especially with Tesla stock being a huge competitor. We talked about Tesla vs nio and which company is better to buy right now. Nio could be one of the stocks to buy now in the stock market that will show you potential growth. Nio stock is on the track to massive growth with Europe expansion, battery swap stations, and more. Nio is one of our favorite stocks and we talked about nio stock all the time on this channel.
It's ok to mutilate little girls genitalia for population control in China but dying from covid is unnaceptible. Lockdowns are just power over the people and nothing more to curb protests of this communist government.
Nio Drops as China Announces More Covid Lockdowns
By: Michael Elkins | October 11, 2022
Shares of Nio Inc (NYSE:NIO) are down 0.38% in mid-day trading on Tuesday following a rough start to the week as the company dropped 3.5% on Monday on news that China has announced more covid lockdowns.
Following a week of national holidays, cases of Covid-19 in China are once again on the rise, and several cities imposed new lockdowns. Shanghai, a city of 25 million people, reported 28 local cases for Oct. 10, the fourth day of double-digit increases.
As of Monday, 36 Chinese cities were under various degrees of lockdown or control, affecting around 196.9 million people, versus 179.7 million in the previous week.
Despite China's very small caseload versus the rest of the world, and the toll its counter-epidemic policies exact on the economy and population, the government has repeatedly urged people to accept the measures.
"Once a large-scale rebound occurs, the epidemic will spread, and is bound to have a serious impact on economic and social development, and the final price will be higher and losses will be greater," state-controlled People's Daily wrote in a commentary on Tuesday
Nio stock is down 61% year to date and 38% in just the past month. New covid lockdowns in Shanghai and other commercial and industrial centers in China may have a slowing effect on both production and sales.
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This stock will probably be up a lot on Monday. Way over sold. Unfortunately most of it will happen pre market more than likely. Just my opinion. I Wish I had seen this on Friday afternoon being this low.
Nio (NYSE:NIO) PT Lowered to $40.00
By: MarketBeat | October 6, 2022
• NIO (NYSE:NIO - Get Rating) had its price objective lowered by research analysts at Mizuho from $42.00 to $40.00 in a note issued to investors on Thursday, The Fly reports. Mizuho's price target would indicate a potential upside of 149.38% from the company's current price...
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$NIO has opened its first battery swap station in Germany
By: Stock Market News | September 29, 2022
• $NIO has opened its first battery swap station in Germany according to CnEVPost
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Nio Inc. Buys Stake in Greenwing Resources
By: Michael Elkins | September 26, 2022
Shares of Nio Inc. (NYSE:NIO) are up 2.78% in mid-day trading Monday, following an announced strategic funding transaction with Australian lithium company, Greenwing Resources (ASX:GW1).
According to a press release by Greenwing, NIO has agreed to pay $12,000,000 to Greenwing to subscribe for 21,818,182 Greenwing shares at a deemed issue price of $0.55 per share (Placement) and a call option to acquire, at NIO's election, between 20% to 40% of the issued capital of Andes Litio SA, which holds options rights over the San Jorge Lithium Project.
The funding will enable Greenwing to accelerate its exploration program at San Jorge Lithium Project in Catamarca province, Argentina, and align NIO as the Company's potential joint venture and offtake partner.
Greenwing plans to use at least 80 percent of the proceeds from the placement to be used for the San Jorge lithium project, with the remainder to be used for general working capital purposes and costs of the proposed transaction, according to the company.
The move by NIO appears to be in preparation for a longer term future of access to raw material supplies.
As a result of the deal, Greenwing's shares traded in Australia closed up 65.31 percent.
Upon completion of the Placement, NIO will hold approximately 13.16% of shares on a fully diluted basis as of the date of issuance and will have a right to a nominee on the board.
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It could happen.. I think $ IDEX may get there 1st!
Can you imagine if EV stocks $ IDEX or $ MULN ran to $65 like $NIO did from $1.20?
Nio: NEO PARK IS OPEN!
Nio stock is one of the fastest-growing EV stocks in the market today. In this video we talked about all things nio stock. Nio continues to beat all of their expectations especially with Tesla stock being a huge competitor. We talked about Tesla vs nio and which company is better to buy right now. Nio could be one of the stocks to buy now in the stock market that will show you potential growth. Nio stock is on the track to massive growth with Europe expansion, battery swap stations, and more. Nio is one of our favorite stocks and we talked about nio stock all the time on this channel. Watch the video
Nio Inc. (NIO) Strong week, Gap to fill here to 19
By: Options Mike | September 18, 2022
• $NIO Strong week, but couldn't hold the 200D.
Gap to fill here to 19.
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NIO Channel retest incoming?
By: TrendSpider | September 16, 2022
• $NIO Channel retest incoming?
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Why is NIO Stock Outperforming?
By: Schaeffer's Investment Research | September 16, 2022
NIO (NYSE: NIO) has been the star of the week, up 15% since Friday. The China-based premium EV maker posted some second-quarter numbers that caught the market off guard and prompted sustained buying pressure. Revenue of $1.5 billion came in ahead of consensus and represented 13% year-over-year growth, a decent result considering lockdown conditions were in place in China for much of the period.
More than 25,000 vehicles were delivered in Q2 which marked a slowdown from Q1 but a 14% uptick from a year ago. NIO’s ability to deliver double-digit growth in a challenging setting bodes well for when macro conditions normalize.
August deliveries accelerated from July due in large part to the ES7 smart SUV rollout, which suggests things are starting to improve. And with production of the five-seat vehicle just starting to ramp, families in China will soon have more NIO SUVs to choose from.
Management’s forecast of 32,000 vehicle deliveries (at the midpoint) in the current quarter implies 31% growth. This has Wall Street energized by NIO’s road ahead and unanimously bullish on its stock. Earlier this week Deutsche Bank called NIO its top EV pick while Bank of America raised its price target to $30.
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$NIO Interesting to see such a strong upward move today, even after the market's performance this morning
By: Cheddar Flow | September 13, 2022
• $NIO Interesting to see such a strong upward move today, even after the market's performance this morning
Chinese tickers seem to be unfazed
A nice 5.55% move from its initial Power Alert
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NIO After several failed attempts, NIO finally gets the breakout and close above this +1 year trendline!
By: TrendSpider | September 12, 2022
• $NIO After several failed attempts, NIO finally gets the breakout and close above this +1 year trendline!
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An analyst expects Nio stock to double as the electric vehicle maker gears up for big months ahead.
What happened
Nio (NIO 13.73%) stock exploded this morning and was trading nearly 10.3% higher as of 11 a.m. ET Monday.
An analyst who closely tracks the Chinese electric vehicle (EV) market just singled out the hot stock as his top EV pick in China and sees Nio shares doubling in value over the next 12 months, backed by two big growth catalysts. The prospect of doubling their money has investors loading up on Nio stock today.
So what
Deutsche Bank analyst Edison Yu has two reasons why Nio could outperform and emerge as the leader among EV start-ups, according to The Fly.
First, Yu expects Nio's ET5 sedan to rapidly become a top-selling premium EV given the initial customer response to the car and Nio's efforts to boost production to meet demand.
Nio will deliver the first batch of its mid-sized sedan, the ET5, on Sept. 30. Nio has reportedly received nearly 200,000 preorders for the sedan, according to China-based new-energy-vehicle website CnEvPost. Local Chinese media has even compared the frenzy in ET5 orders with that of Tesla's Model 3 when it was first delivered in China in early 2020.
The second factor that excites Yu about Nio's prospects is stable sales volumes from existing models. Yu points out how despite being older and more expensive models (Nio is now focused on low- and midrange cars with a mass-market brand in the pipeline as well), Nio's existing products continue to clock steady sales, indicating strong brand power and service.
For perspective, Nio delivered 25,059 EVs in its second quarter. Although a quarter of the sales volumes came from its premium ET7 sedan, which was first delivered in March, the remaining came from three models that Nio launched between 2017 and 2020.
Yu picked Nio as his top Chinese EV stock and posited a price target of $39 per share.
Nio Price is absolutely STACKED against this upper trendline
By: TrendSpider | September 10, 2022
• $NIO Price is absolutely STACKED against this upper trendline.
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Nio Inc (NIO) Price Target Cut to $31.30
By: MarketBeat | September 8, 2022
• NIO (NYSE:NIO - Get Rating) had its price objective lowered by analysts at Citigroup from $41.10 to $31.30 in a research note issued on Thursday, The Fly reports. Citigroup's price objective would indicate a potential upside of 79.06% from the stock's current price...
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Nio stock is one of the fastest-growing EV stocks in the market today. In this Video we talked about all things nio stock. Nio continues to beat all of their expectations especially with Tesla stock being a huge competitor. We talked about Tesla vs nio and which company is better to buy right now. Nio could be one of the stocks to buy now in the stock market that will show you potential growth. Nio stock is on the track to massive growth with Europe expansion, battery swap stations, and more. Nio is one of our favorite stocks and we talked about nio stock all the time on this channel.
Nio vs. Tesla is one question we get a lot on this channel. In our videos we tried to give all of the Nio stock information to keep you guys up to date on all things Nio stock and stock market related news.
NIO The 8 week squeeze is still on! Question is.. in which direction will it pop?
By: TrendSpider | September 8, 2022
• $NIO The 8 week squeeze is still on! Question is.. in which direction will it pop?
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Options Traders Blast Nio Stock Despite Quarterly Losses
By: Schaeffer's Investment Research | September 7, 2022
• Vehicle deliveries slipped from the previous quarter amid Covid-19 lockdowns
• Options volume is running at triple the volume that's typically seen at this point
Nio Inc (NYSE:NIO) is up 1.8% to trade at $17.42 this morning, despite the electric vehicle (EV) concern announcing second-quarter losses of 20 cents per share on $1.54 billion in revenue, the former wider than last year's results and the latter exceeding analyst expectations. What's more, the company said it delivered 25,059 vehicles, beating its own guidance but down 2.8% from the previous quarter, with deliveries taking a hit in April and May amid Covid-19 lockdowns in China.
Analysts are fiercely optimistic towards NIO, with eight of the nine in question carrying a "strong buy" rating, while only one said "hold." Echoing this, the 12-month consensus target price of $35.15 is a whopping 93.5% premium to the security's current levels.
That's a lot of optimism for a stock down 42.2% year-to-date. Digging deeper, the 160-day moving average has been pressuring shares lower since December. The $22 level rejected the equity's latest rally, after emerging as an area of resistance in July.
The options pits are bursting with activity this morning, with 49,000 calls and 24,000 puts across the tape so far, volume that's triple the amount normally seen at this point. Most popular is the 9/9 18-strike call, followed by the 17-strike put in the same weekly series, with new positions being bought to open at the latter.
Short-term options traders have been more bullish than usual. Nio stock's Schaeffer's put/call volume ratio (SOIR) sits at 0.59 and ranks in the 10th percentile of the last 12 months, meaning these traders have rarely been more call-biased.
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Tesla Rival Nio Hit By Covid-Lockdown-Related ‘Cost Volatilities’
By: TheStreet | September 7, 2022
• Chinese EV maker Nio continues to feel the crush of factory shutdowns and delayed parts, punting its plans to be surpass Elon Musk's Tesla.
Covid is still messing up the global supply chain and production, particularly in the popular electric vehicle segment, where a major Chinese EV maker continues to feel the crush of factory shutdowns and delayed parts.
The effects of China's 'Zero Covid' policy, which continues to wreak havoc on production of goods in China and is responsible for a signifiant dip in economic growth, is making it tough for carmakers, particularly those who make electric vehicles, to get their cars into peoples' driveways.
It's also messing with Chinese electric vehicle maker Nio's (NIO) plans to take on rival Tesla (TSLA) .
Nio on Wednesday said it lost $409.8 million in the second quarter, representing significantly widening losses, despite deliveries that surpassed year-ago levels and that were ahead of the company’s own guidance.
Nio's American depositary receipts trading in New York were down about 5% in premarket trading after the company reported second-quarter gross margin of 13%, significantly lower than the 14.6% gross margin it reported last quarter and the 18.6% it saw in the second quarter of last year.
Covid Shutdowns in China Continue to Bite
Nio blamed “cost volatilities” related to Covid shutdowns in China, which it said affected both production and overall sales and deliveries.
Those cost pressures, plus increased spending on its recharging and service networks, dented Nio’s gross margin, the company said.
Nio previously announced it delivered 25,059 vehicles in the second quarter, slightly fewer than in the first quarter but above its own guidance. The company was only able to deliver about 12,000 vehicles in April and May combined as Covid shutdowns hampered production and supply lines. It delivered 21,896 vehicles during the second quarter last year.
The reason: Covid, in part, which continues to snare production and supply chains in China as the Chinese government sticks with its Zero Covid policy, meaning mass shutdowns and quarantines at any sign of a viral outbreak.
Chief Executive William Bin Li said in a statement Wednesday that the second half of 2022 is a “critical period” for the company. Deliveries of Nio’s new SUV, the ET7, hit full speed last month, he said, and production of the new ET5 sedan is on track to begin at the end of September.
Nio Continues to Gun for Elon Musk's Tesla
Getting back up to full speed and getting its EVs out of the factory continues to be a core focus for Nio, which sees itself as a chief rival to Elon Musk's Tesla.
With production back to full tilt, at least for now, Nio expects to deliver between 31,000 and 33,000 vehicles in the third quarter and to generate revenue between $1.9 billion and $2 billion in the period, the company said.
Nio in June rolled out its ES7 smart electric mid-large SUV, according to a company statement.
The ES7 has a starting sale price of about $69,700, comparable to Tesla's Model 3. Preorders began on June 15 on the Nio app; deliveries were expected to begin late last month.
Nio presents a challenge to Tesla's autopilot and Full Self-Driving features, as it introduces Nio Autonomous Driving, which it says will gradually achieve a safe, reassuring, point-to-point autonomous driving experience on highways, in urban areas, parking and battery swapping.
The EV maker envisions an interior "second living room" with a spacious cabin, a double S-shaped instrument panel with use of sustainable rattan. Front seats have heating, ventilation and massage functions. Heated rear seats are also standard with power-adjusted seatbacks.
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Mullen a new start - up Ev company.
Has partnered with Watergen to provide water in cars .
I'm sure Nio want to shore up their sells be nice if they the next in line .
You know how some of you became Millionaires here.
Just saying.
Watchout for Mullen.
NIO Reports earnings on Wednesday, will that be the catalyst to pop the 8 week squeeze?
By: TrendSpider | September 5, 2022
• $NIO Reports earnings on Wednesday, will that be the catalyst to pop the 8 week squeeze?
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Nio Inc - (NIO) Receives Average Rating of "Moderate Buy" from Analysts
By: MarketBeat | September 3, 2022
• Shares of Nio Inc - (NYSE:NIO - Get Rating) have been given an average rating of "Moderate Buy" by the fifteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $38.71...
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NIO GIGAFACTORY IN US!
NIO, as Nio latest news report - arrives with its BaaS battery as a service NIO swap stations to the United States! We already did a video about first NIO house in Sweden that shows how NIO expands to Europe and we have reports of et5 and et7 as well as ES8 E-SUV in Norway! Along the NIO reviews we already did, now we share all the Nio stock news for today and latest Nio reviews and news about expansion Nio in us! Watch the video
Earnings Preview: Nio Inc. (NYSE: NIO)
By: 24/7 Wall St. | September 2, 2022
• Here are previews of two companies set to report results first thing Wednesday morning.
Nio
China-based EV maker Nio Inc. (NYSE: NIO) has dropped about 52% from its share price over the past 12 months. Since dipping to a 52-week low in mid-May, the stock has added 43.4%.
Nio delivered a total of 10,677 vehicles in August and has delivered 71,556 for the first eight months of 2022, representing a year-over-year increase of 28.3%. Continued lockdowns in some of China’s largest cities have hammered car sales. The only reason sales are better this year is that last year was truly awful. Things could get worse as the yuan weakens against the dollar.
There are 26 analyst ratings on Nio’s stock, and 24 are Buy or Strong Buy ratings. At a share price of around $18.80, the upside potential based on a median price target of $29.48 is about 56.8%. At the high target of $64.92, the upside potential is 245%.
For the first quarter of fiscal 2022, the consensus estimates call for revenue of $1.42 billion, down 9.4% sequentially and up 8.4% year over year. Nio is expected to post an adjusted loss per share of $0.18, worse than the $0.12 per-share loss in the prior quarter and much 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 $0.54, worse than the $0.30 loss in 2021, on sales of $8.74 billion, up about 53.7%.
Analysts estimate that Nio will trade at a multiple of 76.1 times earnings in 2024. Until then, it is not expected to post a profit. The enterprise value-to-sales multiple is expected to be 3.1 in 2022 and 1.8 in 2023. The stock’s 52-week range is $11.67 to $44.27. The company does not pay a dividend, and the total shareholder return for the past year is negative 51.9%.
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Nio Inc. Delivered 10,677 Vehicles in August
By: Michael Elkins | September 1, 2022
Chinese electric vehicle maker, Nio Inc. (NYSE:NIO) announced its August 2022 delivery results Thursday. According to the company’s press release, the auto manufacturer delivered 10,677 vehicles in August, representing an increase of 81.6% year-over-year.
The deliveries consisted of 7,551 premium smart electric SUVs, and 3,126 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 238,626 as of August 31, 2022.
In August, the production and delivery of the ES7, a mid-large five-seater premium smart electric SUV based on NIO Technology 2.0 (NT2), started to ramp up steadily. 398 ES7s were delivered to users in August 2022.
Earlier this week, a Deutsche Bank analyst released a note lowering the firm’s price target on NIO shares to $39 from $45 while maintaining a Buy rating. The analyst said it expects “a mostly in-line quarter with investor attention focused on the second half outlook, following weak guidance from both LI/ XPEV.”
With the gradual opening of its second plant in NEO Park in September and the start of the ET5 model production, NIO is expected to return to growth in deliveries quarter after quarter.
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Nio Inc. (NIO) Earnings in 2 weeks may break this tight range it's trading in
By: Options Mike | August 28, 2022
• $NIO name is stuck, earnings in 2 weeks may break this tight range it's trading in. 22 resistance 18 support.
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Nio Stock Analysis and Predictions [August] - U.S. Agrees To Not Delist Nio
Click here.
NIO Sees Unusually High Options Volume (NIO)
By: MarketBeat | August 26, 2022
• Nio Inc - (NYSE:NIO - Get Rating) was the target of some unusual options trading activity on Friday. Investors acquired 282,418 call options on the stock. This is an increase of approximately 29% compared to the average volume of 219,570 call options...
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NIO Price pressing up against resistance 6 weeks deep into a TTM squeeze
By: TrendSpider | August 25, 2022
• $NIO Price pressing up against resistance 6 weeks deep into a TTM squeeze.
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Nio has recently shipped some more units of its Sedan to Norway. It's the first European market and also Germany in a vehicle carrier named morning laura. After the delivery of new vehicles in Germany. The Korean ship is now sailing on the east China sea between Sengai and Taipei. Taiwan is expected to arrive in Shangai on August 27th. Seems like Nio has already started working on their big expansion plan of setting one million vehicles.
I do believe that Nio will sell one million vehicles in the coming months and if they could deliver this many vehicles, just imagine how much revenue will increase and we will see the effect of all this in the stock price. So hold the stock tight.
Check this video: NIO After seeing this | I'm all in
Nio, not the best time to invest in but look at the facts;
the cars are beautifull, the swap system is one of a kind, the cars are being produced, no nonsense there.
After the entire china us thing is over, even maybe without, epansion into other countries etc, this thing will go to were it should be.
Lets all keep in mind this is no vaporware stock.
They execute.
NIO Inc. (NIO) Ridding the 8D down towards that big gap
By: Options Mike | August 21, 2022
• $NIO Not looking to good here. 19 area is big support lose that and 16 in play.
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Scotty Kilmer about NIO
This New Electric Car Has No Battery and Shakes Up the Entire Car Industry.
Nio Inc. to Officially Enter Germany in October
By: Michael Elkins | August 19, 2022
An exclusive report by electric-vehicles.com shows that Chinese electric vehicle maker Nio Inc. (NYSE:NIO) will officially arrive in Germany on October 7. The report cites an internal memo and states that the company will hold an event to meet the User Advisory Board members in Munich on September 9, four weeks before the official market launch.
In the memo, NIO says it would like to get to know users personally, exchange ideas with them and also “give a first look into the world of NIO”. The company added that will “be in touch shortly” with an official invitation for the event in September.
Continuing with the user-centered approval that helped NIO enter Norway in 2021, the company has been inviting enthusiasts from Germany, Denmark, The Netherlands, and Sweden to join the User Advisory Board. The board gives members the opportunity to experience NIO’s products, technology, and services.
On the official invitation for each of those markets, NIO said it believes that “the most valuable feedback on our brand, our products and our services comes from users” and that they are looking for users that want to think along with them.
According to people familiar with the matter, NIO also plans to enter the U.S. market in 2025 and deploy the first Battery Swap Station in the country as soon as November 2022. The first battery swap station may end up behind the company’s current headquarters in San Jose. However, the station would be built for testing purposes.
NIO is down 1.1% in pre-market trading.
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NIO ES7: Bringing You an Immersive Experience
In June, we launched the newest member, NIO ES7, to the family. Similar to the NIO ET7, the NIO ES7 also comes standard with PanoCinema, the AR/VR compatible custom digital cockpit system with a 7.1.4 surround sound system enabled with Dolby Atmos®, which will bring you an immersive visual and audio experience at the same time.
Dolby Atmos® was created for the cinema, introducing object-based three-dimensional sound design. Creatives can place sounds anywhere in space with unprecedented and precise control over the placement and movement of sound for the most immersive user experience.
Dolby Atmos® technology has just started to be used in the automobile industry, and NIO has become one of the early pioneers to bring this beyond audio experience to our users. DolbyStereo
NIO ES7 (or NIO ET7), with 23 speakers and a total output of 1000w, uses the Dolby Atmos® software solution combined with cabin tuning and speaker mapping to decode and recreate the exact placement of every sound inside the car cabin.
Paired with the Dolby Atmos-supported audio channels, which include NIO users’ own NIO Radio, the users can hear music as the artist heard it in the studio when it was recorded, even while on the go in the car.
NIO Really like how this one is shaping up
By: StockChartArt | August 16, 2022
• $NIO Really like how this one is shaping up. Large inverse head and shoulders pattern with a large volume shelf. Look at the RS on right side of base while market was in deep decline. Price is coming up the right side approaching the 200 day SMA. Don't sleep on this one!
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$NIO weak economic data from China spooked the marketplace https://www.kitco.com/news/2022-08-15/Price-declines-in-gold-silver-after-downbeat-China-data.html
Nio Inc. Partners with UN on Clean Parks Initiative
By: Michael Elkins | August 15, 2022
Electric vehicle maker, Nio Inc. (NYSE:NIO) announced on Monday that it has joined with the United Nations Development Program (UNDP) to promote its Clean Parks platform. NIO launched its Clean Parks program late last year to help protect environmentally sensitive areas and has since secured some high-profile partners such as the World Wildlife Foundation.
According to a post by Nio on its mobile app, the EV company and the UNDP will work together to promote in-depth cooperation in environmental protection in nature reserves, youth empowerment, and the development of eco-investment standards.
William Li, founder, chairman and CEO of Nio, and Qin Lihong, co-founder and president of Nio, along with executives from UNDP and officials from China's Ministry of Ecology and Environment (MEE), attended the signing ceremony.
Nio and the UNDP expect the partnership to help the private sector to step up their efforts in biodiversity conservation and tackling climate change through the Clean Parks initiative.
"It's a great honor to have the United Nations Development Program on board to support the Clean Parks Initiative with Nio, to build a clean and low-carbon energy circulation system in nature reserves," said Nio founder William Li.
"Ecological protection and biodiversity conservation are high on the global and national agenda and I look forward to this partnership contributing to these priorities," said Beate Trankmann, UNDP resident representative in China.
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NIO: Mounting Headwinds Batter Investor Confidence
By: GuruFocus | August 11, 2022
• NIO Inc. (NYSE:NIO) struggled in the first half of 2022 as economic turmoil and supply issues slowed production and sales growth. The Chinese electric vehicle maker has guided for a substantial uptick in the second half of the year. Investors do not seem wholly convinced, however.
The company will have an opportunity to address these concerns when it reports second-quarter earnings later this month.
Mid-year performance review
NIO sold 25,059 vehicles during the second quarter, up 14% year over year. June was especially important to this growth, with 12,961 units delivered during the final month of the quarter, up 60% year over year. The June boom was not enough to deliver sequential growth, however. The company's second-quarter delivery print fell 2.8% short of the 25,768 units sold during the first quarter.
During the first quarter, NIO brought in $1.48 billion in revenue, which translated to a GAAP loss of 17 cents per share. Revenue is set to decline in the second quarter due to lower unit sales and other economic headwinds. Analysts currently estimate that NIO will bring in $1.43 billion in revenue in the second quarter. Analysts predict a widening loss of 20 cents per share.
Despite recent downward revisions by several analysts, the consensus may still be a bit too generous. Headwinds from supply chain issues and rising costs likely did not help NIOs bottom line in the second quarter. A shortage of casting parts had a particularly negative impact on sales growth, especially for the ET7, the company's sole sedan model currently on the market.
What comes next
NIOs longtime promise of monumental growth is looking shakier. In July, the company delivered just over 10,000 vehicles, which increased 27% year over year but was down considerably from June and was just the fifth best month for the company overall. Notably, this was in spite of NIO having an additional model available in July 2022 that was not on the market the year prior.
The company does not have much time to get its growth engine back into high gear. In May 2021, NIO signed an extension to its manufacturing contract with state-owned JAC Manufacturing, doubling its unit production commitments to 240,000 vehicles per year. According to management guidance released in July, NIO aims to reach monthly production of 30,000 vehicles either in late 2022 or early 2023. However, the persistent headwinds that have slowed growth in recent months show little sign of dissipating anytime soon.
Still, NIO has a few positive things going for it, including two new vehicle models set to go to market in the third quarter. The first of these, the ET5 sedan, is scheduled for release in September. If NIO can ramp up production of these new models quickly, it may be able to get closer to its target. That is easier said than done, especially if the ET5 production line faces the same casting parts shortage that has thus far stymied production of its other sedan.
My take
Problems with sourcing parts and supplies, especially for the ET7, has already cost NIO some growth momentum. Those issues look likely to persist into the third quarter, at least. The stock was down 5% for the day on Aug. 9 and down 57.6% over the last 12 months. With a market capitalization still standing at more than $30 billion, the stock remains richly valued despite its recent battering by the market, in my opinion.
Investors interested in this name will be watching closely when NIO reports earnings for the second quarter, especially after the company opted to push its earning date out to Aug. 25.
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NIO with an early channel breakout as price accelerates off the volume POC
By: TrendSpider | August 11, 2022
• $NIO with an early channel breakout as price accelerates off the volume POC.
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NIO Held in well this last week, broke out of the down channel, but no power yet
By: Options Mike | August 7, 2022
• $NIO Held in well this last week, broke out of the down channel, but no power yet.
21 area still problematic.
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$NIO Falling wedge breakout this week with MACD looking primed for a bull cross!
By: TrendSpider | August 6, 2022
• $NIO Falling wedge breakout this week with MACD looking primed for a bull cross!
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Nio Incorporates Mobile Tech Subsidiary
By: Michael Elkins | August 5, 2022
William Li, Nio’s co-founder and CEO, told Nio (NYSE:NIO) users on July 28 that the company would develop and launch a new smartphone for its vehicle owners every year. According to data provider Qichacha, Nio incorporated its mobile subsidiary on Thursday.
The new company named Nio Mobile Technology, was incorporated with a registered capital of $100 million naming Qin Lihong, co-founder of NIO, as its legal representative.
The company is wholly owned by NIO NEXTEV LIMITED and is allowed to operate in information integration, mechanical equipment R&D, mobile device sales, AI application R&D, and wearable device sales.
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Did anyone else that the notification of the proxy vote.
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
Instagram www.instagram.com/nioglobal
Facebook www.facebook.com/NIOGlobal
News www.nio.com/news
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