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The Power of EVs
In his "No Huddle Offense" segment, Cramer said investors in Tesla (TSLA) - Get Report, the stock, often forget about Tesla the company. For years, Tesla's supremacy in electric vehicles was unchallenged. But now, Nio (NIO) - Get Report in China, could be giving the company a run for its money. That news sent shares of Tesla plunging 8%.
But with electric vehicles accounting for just 3% of the auto market, Cramer said it's not a zero-sum game. Tesla still can't make enough cars to meet demand, and shareholders are often making a statement with ownership. They want to hasten the death of the auto industry.
The shift to electric vehicles is among the greatest investment waves in our lifetime, Cramer said, and investors would be remiss to not be part of it.
Cramer spoke very well of NIO and Tesla on Fast Money.
59/60 is pretty much everyone's price target, might have triggered some algorithmic selling.
NIO ramping up production!!
NIO procures electric vehicle parts from Korean company
2020-12-31 18:10:09 GMT+8 By: Jason
South Korea's Truwin Co. Ltd. said on December 28 that it has signed a contract with Chinese electric vehicle company NIO for the supply of "brake pedal sensors (BPS)" for electric vehicles and expects to supply 60,000 units in the first half of next year, according to Korean media Edaily.
Truwin is supplying NIO with the BPS, a sensor product installed in hybrid and electric vehicles, which works by measuring the voltage value when the driver presses the pedal and transmits an electrical signal to the electronic control unit to trigger the brake.
IMO This is very misleading when you look at percentages sold short.
WOW Hopefully Kandi is working on somthing similar ??.
Nio: New battery for 900km of range & European Launch.
According to founder William Li Bin, the Chinese electric car manufacturer Nio is currently working on a battery pack with a capacity of 150 kWh, which should enable ranges of over 900 kilometres. Besides, the plans for a European launch in 2021 may become concrete.
According to a report by CN Tech Post, Nio founder William Li Bin made the statement about the 150 kWh battery at a meeting of the ‘EP Club’, a club of Nio drivers. With such a battery, Nio would not only more than double the current range of a Nio ES6 (430 kilometres in the outdated NEDC), but would also match the range of combustion engines and hybrids
WOW
Nio: New battery for 900km of range & European launch
According to founder William Li Bin, the Chinese electric car manufacturer Nio is currently working on a battery pack with a capacity of 150 kWh, which should enable ranges of over 900 kilometres. Besides, the plans for a European launch in 2021 may become concrete.
According to a report by CN Tech Post, Nio founder William Li Bin made the statement about the 150 kWh battery at a meeting of the ‘EP Club’, a club of Nio drivers. With such a battery, Nio would not only more than double the current range of a Nio ES6 (430 kilometres in the outdated NEDC), but would also match the range of combustion engines and hybrids.
This company has all the Financial capital and support to be a screaming success.100,0000+ cars in 2021.
Yes indeed. Going to build a new factory just to meet the demands of the new Sedan. NIO Day comming soon !!!!!!
Apple seen partnering in electric vehicles with Tesla, Volkswagen or Nio
Dec. 23, 2020 7:47 AMApple Inc. (AAPL)TSLA, VWAGYBy: Clark Schultz, SA News Editor
More electrifying stuff out of the EV sector as Wedbush Securities analyst Dan Ives tips this morning that the firm believes Apple (NASDAQ:AAPL) will ultimately announces an electric vehicle strategic partnership in 2021 that lays the groundwork to enter the burgeoning EV space.
Ives notes that Apple has been working in Cupertino for years around the autonomous vision and believes a potential strategic partnership with an established EV player such as Tesla (NASDAQ:TSLA) or Volkswagen (OTCPK:VWAGY) would be a "golden partnership" for the next decade tapping into the EV opportunity.
"We believe based on our investor conversations over the last few days that many on the Street would rather see Apple partner on the EV path, than start building its own vehicles/factories given the margin and financial model implications down the road, coupled with the strategic product risk around such a gargantuan endeavor. This speaks to our view that the chances of a strategic partnerships with the likes of a Tesla, VW, or other auto manufacturers in China (e.g., Nio, Xpeng) are in the 70%+ range over the next few years and could lay the groundwork for a dual path (start building its own line of EV autos post 2025) over the next decade if this EV/autonomous venture is successful with consumers. This is similar to our view of what Chinese tech stalwart Baidu ultimately embarks on in the form of a strategic EV partnerships/collaboration in China as opposed to launching its own auto product line right out of the gates. In a nutshell, this would only expand the massive TAM for Apple over time to go aggressively after the EV market, however as we have seen in decades of following Apple many products/strategic ideas happen in the labs of Cupertino that ultimately never leave the confines of Apple Park."
News Article
Nio Awarded U.S. Patent 10,871,952 "Method and system for providing secure over-the-air vehicle updates"
6:33am ET 12/22/2020 Benzinga
Mentioned in article
Possibly 60 by NIO day.
Seriously!!
Another Upgrade for NIO,
NIO has risen more than 1,000 percent this year, but Daiwa Capital thinks the stock has not yet peaked, giving it a "buy" rating and a $59 price target in a recent report.
According to analyst Kelvin Lau, NIO is targeting the high-end of the new energy vehicle market, taking similar steps to Tesla. Competition in this segment is less intense and customers are more willing to pay for smart car technology and after-sales service.
Lau said NIO's ES6, to be launched in mid-2020, has demonstrated the company's ability to compete with models from international brands such as Tesla, even if its price is 100,000 yuan higher than Tesla's Model 3.
The analyst said that although Tesla plans to launch the Model Y in China next year, it will compete more directly with the NIO ES6, but believes the ES6 can maintain good sales with its after-sales services, including battery swap, mobile charging and repair services.
According to the November vehicle delivery data released by NIO, a total of 36,700 vehicles were delivered from January to November this year, up 111% year-on-year, making it one of the top 10 best-selling new energy vehicle manufacturers in China.
Considering the strong demand for luxury cars in China, the surge in pure EV sales and NIO's innovations (NIO Pilot, NOMI), Lau believes this growth rate will continue.
Lau expects NIO sales to increase to 140,000 units in 2023 from 43,000 units in 2020, representing a CAGR of 48% from 2020-2023.
He expects the company's gross margin to increase to 20% in 2023 from 11% in 2020, as pure electric vehicle sales are accelerating.
NIO shares jumped more than 6 percent to $43.50 on Tuesday. The stock rose another 1 percent before the bell on Wednesday
Especially when the Chinese Government is your sponsor. Win Win.
If NIO didn't complete their share offering yesterday they are getting a bonus today. 3 billion? Its possible.
To our advantage NIO had pulled back significantly before it's little fund raiser.
From last month but a very big event no doubt.
Nio Surges 7% On Rumors Of Europe Expansion
support@smarteranalyst.com (Ben Mahaney)
November 4, 2020, 2:13 am
Shares in Nio (NIO) surged 6.5% in Tuesday’s trading, hitting a new all-time high of $35.87 and closing at $35.50.
Sparking the surge higher were unconfirmed media reports that China’s electric vehicle company is now looking to expand into Europe.
According to these reports, the company intends to launch its ES8 and ES6 models in Europe next year with its first NIO House store set for Copenhagen, Denmark. That marks a change from previous reports which had highlighted Norway as the company’s first targeted destination outside China.
In a project dubbed ‘Marco Polo’ Nio is said to be aiming for sales of 7,000 electric vehicles in its first two years- and apparently already has an overseas unit set up with sales ready to start in the second half of 2021.
Earlier this week Nio revealed that it delivered 5,055 vehicles in October 2020, a new monthly record representing impressive 100.1% year-over-year growth.
As of October 31, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 63,343 vehicles. (See NIO
I agree. Just don't like the product at any price.
Agreed, but don't they have a massive float already?
They want cheap shares before Tesla enters the S&P 500.
Somthing more to look forward to.
Several EV companies are up over 1000 % this year. Tesla is a little over 500% and is more than just an automaker. Still room for the stock price to grow ?
I think the TESLA following will mute any move Burry tries to make.Tesla is more than a Auto maker, its a life changer for the entire world.
And if my math is right it equates to about 132,000,000. Million shares.
Tesla will be added to the S&P 500 in a single step despite its more than $500 billion market capitalization, S&P Dow Jones Indices said on Monday, forgoing a possible phased approach that was considered to ease the impact of adding such a large company to the U.S. stock benchmark.
The stock will be added at its full float-adjusted market capitalization before the open of trading on Dec. 21, the index provider said. Float-adjusted means that only shares available to the public are considered when evaluating a company's weighting. The company that Tesla will replace will be named on Dec. 11, according to a press release.
Just now on CNBC, The S&P 500 will have to but 85 billion in TESLA stock. WOW !!!
Do you work for Burry?
Gigafactory Berlin coming online this summer.
First in class for sure. I would buy a NIO before a Tesla.
Awsome!!
Same here, Go NIO !!
Elon only doing what a good CEO does,managing cost.
5% of all vehicles in china are EV's by 2030 they will stop selling vehicles powered by fossil fuels. NIO will soon double production to meet demand and is expected to have 35% of the market . That's just in China.
NIO is not on the list.
Never heard of them.
Long
China Announces All Gas-Powered Vehicles Banned By 2035
by Thom Taylor on October 31, 2020
Like falling dominos, the gas-powered car is being banned by a number of countries and states in the US. The latest to announce a ban is China. It will require all new cars to be “new energy vehicles” by 2035. The regulation will be overseen by China’s Ministry of Industry and Information Technology. However, there is still a bit of wiggle room but essentially all gasoline-powered vehicles will be banned by 2035.
The wiggle room comes in the details. Half of the new cars sold by then will have to be electric plug-in hybrid or fuel cell vehicles. The other half will be conventional hybrids that will still have to run on gasoline. Right now only 5% of new cars sold in China are what it calls “new energy vehicles.” China is targeting a steady increase toward that goal over the next 15 years according to Nikkei Asia.
I feel a lot of people loaded up on the dip today.