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NIO Inc. results soft, but showed surprising opex discipline - Deutsche Bank
By: Investing.com | June 9, 2023
Deutsche Bank analysts told investors in a note that Nio Inc (NYSE:NIO) reported "soft underlying Q1 results" on Friday.
The Chinese electric vehicle company posted a first-quarter loss of RMB 2.51 (RMB 1 = $0.1403) per share, RMB 0.12 better than the analyst estimate of an RMB 2.63 loss per share. Revenue came in at RMB 10.68 billion versus the consensus estimate of RMB 11.93 billion, while the company delivered 31,041 vehicles during the quarter.
"NIO reported soft underlying 1Q results, largely as previewed but showed surprising opex discipline to start the year, and also initiated a better than feared 2Q volume outlook," wrote the analysts, who maintained a Buy rating and $13 price target on the stock.
"Management provided a stronger than expected outlook for 2Q23, calling for 23,000-25,000 deliveries. This compares to our 23,000 unit forecast and suggests June will be up materially QoQ (~11,000 at mid-point vs. just 6,155 in May) as the new ES6 ramps up quickly," they added.
The analysts noted that NIO management is targeting more than 20,000 deliveries per month in the second half, including 10,000 new ES6s in July.
"This will likely be difficult to achieve (sustain at least), in our view, given underperformance of the sedans (ET5, ET7), and we don't think management will get credit for this," said the analysts.
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$NIO 1Q results came in below expectations and 2Q guidance was way below expectations
By: Gary Black | June 9, 2023
• $NIO 1Q results came in below expectations and 2Q guidance was way below expectations.
1Q:
Revs 10.7B yuan vs 11.6B yuan exp
Delivs 31.0K vs 31.7K exp
Gross margin 1.5% vs 7.3%E
Adj OL -4.5B yuan vs -$5.0B exp
2Q guide:
Revs 8.74B-9.37B yuan vs 13.8B yuan exp
Delivs 23-25K vs 47.6K exp
Not clear why NIO was up +12% at open but down now.
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Nio Inc slides as revenue misses expectations
By: Investing.com | June 9, 2023
Nio Inc (NYSE:NIO) shares are down around 1.8% premarket after its first-quarter revenue missed consensus expectations.
The Chinese electric vehicle maker reported a Q1 loss of RMB2.51 ($0.36) per share, RMB0.12 better than the analyst estimate of an RMB2.63 loss per share. Revenue for the quarter came in at RMB10.68 billion versus the consensus estimate of RMB11.93B.
During the quarter, NIO delivered 31,041 vehicles. However, vehicle sales of RMB9,224.5 million decreased by 0.2% from Q1 2022 and fell 37.5% from the fourth quarter.
"In the face of the changing market environment, we will observe and analyze the dynamics of the operating environment and competition landscape promptly, and continue to strengthen our competitive advantages in an agile and efficient manner," added Steven Wei Feng, Nio's chief financial officer.
Looking forward, NIO sees Q2 deliveries between 23,000 and 25,000 vehicles, representing a decrease of approximately 8.2% to 0.2% from the same quarter of 2022.
Revenues are expected to be between RMB8,742M ($1,273M) and RMB9,370M ($1,364M), representing a decrease of approximately 15.1% to 9% from the same quarter of 2022.
Reacting to the report, Morgan Stanley analysts said the firm's guidance was better than feared.
The analysts, who have an Overweight rating and a $12 price target on the stock, stated: "2Q23 volume guidance of 23-25k units is the bright spot, surprising on the upside vs. our previous expectation of 19-21k and suggesting a notable sales upturn of 10.2-12.2k or +66%~98% MoM in June."
"2Q revenue guidance of Rmb8.7~9.4mn (down 12-18% QoQ) implied ~10% ASP hike thanks to higher ES6 sales. All eyes are on ES6 ramp-up, ET5 Touring launch and margin trajectory in the coming quarters."
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June is historically one of NIO's best performing months, with a 80% win rate & average return of +28.13%
By: TrendSpider | June 3, 2023
• June is historically one of NIO's best performing months, with a 80% win rate & average return of +28.13%.
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Nio Inc reports May delivery results: Sales dip, new models set to drive future growth
By: Investing.com | June 1, 2023
On Thursday, Nio Inc (NYSE:NIO), a leading Chinese manufacturer of high-end smart electric vehicles, revealed its delivery figures for May 2023, reporting a total of 6,155 vehicles delivered.
Results were down 7.55% from April, which was off 35.9% from March.
Nio began delivering the new ES6 on May 24. So the model won't make much of an impact on sales for the full month, but it could drive growth in June and the second half of 2023. However, the automaker has started or will start delivering several additional and updated models soon, including a new vehicle model based on the NT2.0, ET5 Touring, a mid-size smart electric tourer which the company will begin delivering to users in June 2023.
The company’s May deliveries consisted of 2,396 premium smart electric SUVs, and 3,759 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 333,410 as of May 31, 2023.
On June 9, Nio is set to report Q1 earnings. It will likely give Q2 delivery guidance at the same time.
Shares of NIO are down 3.32% in pre-market trading on Thursday.
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$NIO - BULLISH-Chart-Pattern-detected! BULLISH-HOMING-PIGEON -This pattern shows the sellers have run out of power, and a TREND REVERSAL is likely from here. 20 day moving average is first resistance, imo.
$5 hello! pos ccp DON'T BUY $3 - $1 POSSIBLE
NS Partners Ltd Grows Holdings in Nio Inc - (NIO)
By: MarketBeat | May 24, 2023
• NS Partners Ltd lifted its holdings in Nio Inc - (NYSE:NIO) by 131.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,236,687 shares of the company's stock after buying an additional 1,271,599 shares during the quarter. NS Partners Ltd owned approximately 0.13% of NIO worth $21,808,000 as of its most recent SEC filing...
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NIO Inc. to hold ES6 launch event Wednesday
By: Investing.com | May 23, 2023
Chinese electric automaker NIO Inc. (NYSE:NIO) announced Tuesday that it expects to host the all-new ES6 launch event in China on Wednesday, May 24, 2023.
The event will start at 7:00 AM U.S. Eastern Time and the live video webcast will be accessible on multiple platforms in Mandarin Chinese, including nio.cn and NIO app.
The ES6 and an ET7 sedan will be linchpins for Nio’s Electric Vehicle (EV) line for the next year. The cars are said to include a new entertainment system and augmented reality glasses.
NIO announced on May 16 that the new ES6 will be officially launched on May 24, test drives will be available on the same day and deliveries will begin on May 25. NIO stores currently have the new ES6 show cars on display, and individuals interested in the model can visit NIO Houses for a closer look, according to NIO.
This particular model holds the distinction of being NIO's fastest in terms of the time taken from its official launch to actual delivery. Other local competitors in the Chinese EV market, such as Li Auto (NASDAQ:LI), have demonstrated that efficient delivery is crucial for success in this highly competitive sector.
NIO originally introduced the first-generation ES6 in December 2018, and deliveries of the model began in China in June 2019. From 2019 to 2021, NIO delivered 155,722 vehicles, of which the ES6 contributed 80,852, or 52%.
Rival Chinese electric automaker, XPeng (NYSE:XPEV) is set to announce its financial results for the first quarter on May 24, ahead of the opening of the US markets. The earnings call is scheduled to commence at 8:00 pm Beijing time on the same day.
Shares of NIO are up 0.26% in mid-day trading on Tuesday.
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$NIO bullish RSI divergence starting to play out with price surging nearly +10% early into the week!
By: TrendSpider | May 22, 2023
• $NIO NIO bullish RSI divergence starting to play out with price surging nearly +10% early into the week!
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The electric car revolution looks set to enter a new phase thanks to China: electric vehicle manufacturer Nio has developed the first solid-state battery, which guarantees a range of over 1,000 km on a single charge.
https://www.startmotori.it/auto-elettriche/rivoluzione-elettrica-1000-km-di-autonomia-con-una-sola-ricarica-grazie-alla-batteria-allo-stato-sol.htm?lang=EN
Nio goes nuclear, invests in fusion technology startup
By: Investing.com | May 19, 2023
Chinese electric vehicle maker Nio Inc (NYSE:NIO) has made an investment in Neo Fusion, a company that is developing fusion technologies, according to a company filing.
According to a report by Reuters, citing unnamed sources with direct knowledge, Neo Fusion will research and develop technologies that aim to bring controlled fusion for commercial uses globally in two decades.
Financial details in the company’s registration filing show the nuclear fusion company has capital of CNY 5 billion ($723.37 million) and is 50% controlled by China's eastern province of Anhui government-owned energy companies and investment arms.
Nio invested CNY 995M for a 19.9% stake while Nio Capital, the investment firm founded by Nio's Chief Executive William Li, invested CNY 505M for a 10.1% share.
"Staying true to the original aspiration of Blue Sky Coming, Nio aims to facilitate the R&D and commercialization of nuclear fusion technology by making financial investment into this project," which plans to attract more strategic and financial investors in phases, Nio said in a statement on Friday.
Shares of NIO are up 1.15% in pre-market trading on Friday.
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$NIO June is historically one of NIO's best performing months, with a 75% win rate & average return of +35.06%
By: TrendSpider | May 15, 2023
• $NIO June is historically one of NIO's best performing months, with a 75% win rate & average return of +35.06%.
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Nio Inc - (NIO) Stake Boosted by Aubrey Capital Management Ltd
By: MarketBeat | May 4, 2023
• Aubrey Capital Management Ltd boosted its holdings in shares of Nio Inc - (NYSE:NIO) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 835,100 shares of the company's stock after purchasing an additional 84,100 shares during the quarter. NIO comprises about 6.5% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 3rd largest position. Aubrey Capital Management Ltd owned about 0.05% of NIO worth $8,142,000 at the end of the most recent quarter...
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NIO says it’s not afraid of Tesla and will challenge VW with affordable EVs in Europe:
https://electrek.co/2023/05/03/nio-says-its-not-afraid-of-tesla-and-will-challenge-vw-in-europe/
Nio collaborates with NXP to leverage 4D imaging radar
By: Investing.com | May 2, 2023
Premium electric vehicle maker Nio Inc. (NYSE:NIO) announced alongside NXP Semiconductors N.V. (NASDAQ:NXPI) on Tuesday that the Chinese automaker will leverage NXP’s leading automotive radar technology, including its ground-breaking imaging radar solution.
With NXP’s lates 4D imaging radar, cars will be able to detect and classify objects such as other vehicles and vulnerable road users in highway and complex urban scenarios and at distances of up to 300m, bringing more safety to the roads and driving comfort for end users.
NXP’s imaging radar technology expands radar’s capabilities from measuring range and speed, to include direction, angle of arrival, and elevation measurement. The technology is a key step in improving road safety and saving lives, it allows the car to ‘see’ a motorcycle driving close to a large delivery truck or a child entering a roadway between parked cars.
“NIO is committed to providing users with a vehicle experience that exceeds expectations. Carmakers developing high-level, assisted intelligent driving experiences is a key element of that,” said Kevin Pan, Assistant Vice President of NIO Supply Chain Development. “Together with NXP, we’ll be able to take the next step toward improving driver experiences.”
“NXP’s imaging radar technology offers high-resolution object and feature detection for precisely mapping the car’s surroundings, enabling carmakers to deliver improved ADAS and autonomous driving features,” stated Torsten Lehmann, EVP and GM, Radio Frequency Processing, NXP. “NIO’s decision to adopt NXP 4D imaging radar technology is a testament to its differentiating performance and efficiency.”
Shares of NIO are down 5.33% in afternoon trading on Tuesday, while shares of NXPI are up 3.14%.
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Bear of the Day: NIO (NIO)
By: Zacks Investment Research | April 21, 2023
NIO (NIO) is a Zacks Rank #5 (Strong Sell) that designs, develops, manufactures, and sells smart electric vehicles in China.
The stock had a big run back in 2020, but NIO has since lost all gains since the EV bull run started. Investors are at a loss as earnings continue to underperform and analysts’ lower estimates.
About the Company
The Shanghai based company was founded in 2014 and is considered the Tesla of China. NIO offers five, six, and seven-seater electric SUVs, as well as smart electric sedans. The company also is also involved in the provision of energy and service packages to its users.
NIO isvalued at $14.7 Billion and holds Zacks Style Scores of “F” in Growth, “D” in Value, but “B” in Momentum. The stock pays no dividend.
Q4 Earnings
NIO released Q4 earnings in early March seeing EPS at -$0.44 vs the -$0.16 expected. While sales were up to $2.33B from the $1.55B last year, the EPS missed brought selling into the stock.
The big issue was a contraction in margins that came in at 3.9%, down from the 17.2% the year prior. NIO blamed the contraction to accelerated depreciation, and losses on purchase commitments for the existing ES8, ES6 and EC6 amid the transition to new models under the NIO Technology Platform 2.0.
Estimates
Since earnings, analysis have been cutting their numbers aggressively for the current year. Over the last 90 days, we have seen numbers fall from -$0.51 top -$1.36.
Looking at next year, things don’t get much better. 90 days ago, estimates were expected to come in at a gain of 6 cents. But now, a loss of 47 cents is expected.
Considering the Tesla earnings report coming up short, investors might want to take extreme caution as we head into NIO earnings.
Technical Take
In early 2020, NIO was just a $3 stock that had a dream. When EV got hot, this dream was realized as the stock ran all the way to $66. From there, the stock became very volatile in 2021 and started to bleed lower in 2022.
The collapse continues as the stock recently hit lows not seen since July of 2022.
For those interested in moving averages, the 50-day is at $9.40 and the 200-day is at $13.50. These will likely become areas of resistance if the stock manages to rally.
Summary
NIO was a former EV highflyer that continues to bleed lower. The estimates are showing no relief coming anytime soon, so investors should shy away from the name.
For those interested in the sector, a better option might be Byd (BYDDY). The stock is a Zacks Rank #1 (Strong Buy), and is trading up 15% on the year.
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Nio delivered 10,378 vehicles in March 2023 up 4% YoY
By: StockMKTNewz | April 1, 2023
• Nio delivered 10,378 vehicles in March 2023 up 4% YoY
$NIO delivered 31,041 vehicles in Q1 up 20.5% YoY and in line with its guidance of between 31K-33K
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NIO This week's raindrop candle had a solid cluster of volume above trendzone resistance...
By: TrendSpider | April 1, 2023
• $NIO This week's raindrop candle had a solid cluster of volume above trendzone resistance...
Breakout buyers spotted?
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Bid x Size$9.98 x 51,100Ask x Size$9.99 x 900
NIO 999 ...fire
huge technical breakout!!!! sellers remorse pushes pps towards teenager land.
NIO breaking higher today, last up +4% and the TTM Squeeze is on!
By: TrendSpider | March 29, 2023
• $NIO NIO breaking higher today, last up +4% and the TTM Squeeze is on!
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$20 product trading below $10
watch for $11 by fryday imo
calls rippin today
$NIO NIO off to a hot start after advancing +12% last week...
By: TrendSpider | March 28, 2023
• $NIO NIO off to a hot start after advancing +12% last week...
Above $10 can get squeezy!.
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Nio launches partnership with Tibber
By: Michael Elkins | March 28, 2023
Chinese electric automaker, Nio (NYSE:NIO) announced today that it has launched its partnership with technology energy provider Tibber.
Tibber offers a range of services, including the Tibber app, which allows customers to track their energy usage, find real-time energy prices and control the charging of their electric car – ideally when electricity prices are at their lowest.
Through the partnership, NIO users in Norway, Germany, Sweden and the Netherlands who have a dynamic electricity contract with Tibber can easily connect their NIO to the Tibber app and enjoy all the benefits of smart charging.
Smart charging with Tibber works with any wallbox, including the NIO Power Home 3.0. Once the “Smart Charging” function in the Tibber app is set up, customers can charge their NIO vehicles automatically during the hours when electricity is cheapest.
Shares of NIO are up 2.43% in mid-day trading on Tuesday.
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Nio Inc - (NIO) Receives Consensus Rating of "Moderate Buy" from Brokerages
By: MarketBeat | March 22, 2023
• Nio Inc - (NYSE:NIO) has been given an average recommendation of "Moderate Buy" by the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $18.58...
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a little lower and POW!
NIO currently up +8.50% for the week as the EV company catches a boost from lower lithium prices in China.
By: TrendSpider | March 21, 2023
• $NIO NIO currently up +8.50% for the week as the EV company catches a boost from lower lithium prices in China.
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2023 new year low >$ouch_. 00
Barclays cuts Nio to equal weight as losses mount
By: Investing.com | March 2, 2023
Barclays downgraded Nio Inc. (NYSE:NIO) to an Equal Weight rating (from Overweight) and cut the price target on the stock to $10.00 (from $18.00) following the electric vehicle maker’s 4Q earnings report.
NIO reported total 4Q revenue of RMB 16.1 billion (RMB 1 = $0.14). Up 62.2% yoy, but 10.2% lower than Barclay’s estimate. Vehicle sales revenue was RMB 14.8B, 12.1% lower than estimated, due to lower-than-expected vehicle deliveries during the quarter. NIO delivered 40,052 units in 4Q22, only slightly above the lowered management deliveries guidance of 38,500 to 39,500 units (originally 43k to 48k).
The company reported gross profit of RMB 621.8 million, 76.6% lower than estimates, with a gross margin of 3.9%, 11 percentage points lower than expected. During the quarter, gross profit/margin was negatively impacted by recognition of inventory provisions, accelerated depreciation on production facilities, and losses on purchase commitments for the existing generation of ES8, ES6, and EC6, as NIO enters into a product upgrade cycle.
Analysts wrote in a note, “4Q revenue was as anticipated since vehicle deliveries had previously been announced. But much higher-than-expected opex and lower-than-expected gross margins were surprises. While lower-than-expected GM was partially attributed to inventory write-offs or cancellation of purchase commitments for parts for the older and now phased-out models, the miss reflects the challenges NIO is still facing in optimizing its industrial planning and operations. With several new models to be launched this year (success of these new models is not guaranteed of course), roll out of a potential new sub brand, aggressive expansion in the European markets, and continued build out of battery swapping stations (adding 1,000 new stations in China plus more overseas) in 2023, we don’t believe the large spending at NIO will slow down anytime soon. With heightened risks from such spending and uncertain fate of newer models, as well as intensified competition in China’s EV industry in general, we are stepping aside while waiting for more clarity on transition progress.”
Shares of NIO are down 3.62% in pre-market trading on Thursday.
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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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