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Nio Inc. (NIO) Avoiding China names at this point
By: Options Mike | October 23, 2022
• $NIO Again can't even rally to the 8D much weaker than the markets.
Avoiding China names at this point.
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Nio Inc. (NIO) 52@ low is 11.67 so close
By: Options Mike | October 16, 2022
• $NIO 52@ low is 11.67 so close
9.50 more support gap down to it as well.
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Auto Supplier ZF Group Signs Deal with Nio
By: Investing.com | October 14, 2022
October 11th, German auto parts supplier, ZF Group signed a strategic cooperation agreement with electric vehicle maker, Nio Inc (NYSE:NIO) to cooperate on steering-by-wire products and other fields.
Under the agreement, the two companies will establish an instant information sharing mechanism to step up communication and conduct regular technical exchanges, in a bid to jointly hammer out industry-leading processes and quality standards.
The signing of this agreement also marks the first time that ZF Group has secured a steer-by-wire business deal in the Asia-Pacific region. It also indicates that both sides are committed to promoting reform and development in many fields such as automated driving and vehicle electrification.
Shares of NIO are down 7% near end of day trading on Friday.
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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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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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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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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 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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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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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 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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