Replies to post #5490 on Nio Inc (NIO)

[mick]

$NIO---China Electric Vehicle Startup Launches First Model At Half The Price Of Tesla’s Model X
By admin - November 3, 2017

https://inside-wallstreet.com/2017/11/03/china-electric-vehicle-startup-launches-first-model-half-price-tesla/

NIO founder: For sure, Tesla is our rival
China’s electric vehicle start-up Nio launched its first mass-produced model over the weekend, in a home market marked by competition with companies such as Tesla.

The ES8, which starts at 448,000 Chinese yuan ($67,765) is half the starting price of Tesla’s 836,000 yuan ($126,470) Model X in China.

Nio also enjoys the advantage of Beijing’s state subsidies for electric vehicles.

“It’s hard to assume” how this will affect Tesla’s sales in China, Nio Founder and Chairman William Li told CNBC over the weekend. “Maybe Tesla will sell less … after our product is out. Or probably, because the whole market is growing, they will still maintain growth in sales. It’s hard to say.”

“But we do have lots of customers that turned to us from Tesla, and many who have bought buy products from both,” said Li, who spoke to CNBC on the sidelines of the ES8 launch event.

What is clear is that the two are competitors.

“For sure I think Tesla is our rival in that consumers will choose between our products. But I wouldn’t say we are the Chinese Tesla, or they are the American Nio,” Li said.

A seven-seat electric vehicle, the ES8 is made to order, customizable and equipped with an artificial intelligence system. The car will be able to accelerate to 100 km per hour (62 miles per hour) in 4.4 seconds.

Orders can be placed through an app.

The fierce battle for electric vehicle market share in China is backed by an aggressive drive by Beijing to cut severe – and politically-sensitive – air pollution in the country.

Beijing also provides generous subsidies and state investment in the sector, including building a battery charging network.

At its launch on Saturday, Nio introduced a battery charging plan with a rental subscription set at 128,000 yuan ($19,366) a month.

Owners of the ES8 can charge their cars at stations that allow their batteries to be swapped in three minutes, Nio said in a press release. A mobile service also travels to car owners who need to charge their vehicles.

Nio plans to build over 1,100 “Power Swap” charging stations and deploy over 1,200 “Power Mobile” vehicles by 2020, it added.

[mick]

16% drop in sales-SHOULD BE GOOD FER $NIO - EMISSION STANDARDS-CHINA IN AUTO SLUMP--- SO THIS WHY $NIO SALES DOWN SOME
Behind the plunge in China auto sales: chaotic implementation of new emission rules

SHANGHAI/BEIJING (Reuters) - Shanghai-based Buick dealer Ron Li in late April found himself in an unfamiliar quandary: how to sell off almost 80 sedans and sport-utility vehicles crowding up his dealership lot.

https://www.reuters.com/article/us-china-autos-insight/behind-the-plunge-in-china-auto-sales-chaotic-implementation-of-new-emission-rules-idUSKCN1TW388?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29


The crux of the problem:
a June 30 deadline for cars built to so-called China-5 emissions standards to be sold.

After that only vehicles meeting new standards could be put up for sale.

People were still coming in but weren’t buying the stage-5 cars, Li said.

“Customers didn’t know how long they could drive China-5 cars or
whether they would be able to resell them in the future. And to be honest, we didn’t know either.”

To cope,
his dealership in May slashed stage-5 vehicle prices by as much as 30%, participating in what dealers and industry executives have called unprecedented widespread discounting as China’s auto sales headed
for their worst ever monthly drop.

Encouraged by a central government eager to combat smog, Shanghai is
one of 15 cities and provinces to
implement new stage-6 standards ahead of the original July 1, 2020 deadline.

Checks by Reuters with employees at about 20 dealerships in
Shanghai,
Beijing and the provinces of
Jiangsu and
Zhejiang, which have also brought forward the implementation of new standards, found that stage-5 cars had been a tough sell.

Some offered discounts of more than $2,000 when compared to the same model that meets stage-6 standards.

One Peugeot dealership in Shanghai even went so far as to offer a free 301 compact car for customers who bought a 5008 SUV.

While a slowing economy and the trade war with the United States
were initially held responsible for slides in sales since April,
most of the blame is now being laid on the poorly managed
fast-tracking of new rules by the 15 cities and provinces,
which account for more than 60% of sales in the world’s largest auto market.

The sales crisis, which saw May sales plunge 16% from a year earlier,
is prompting downward revisions to forecasts for China’s 2019 auto sales that most analysts had thought would be flat or show mild growth.

Now, most expectations are for an annual decline in sales of around 5%,

which would follow a 2.8% decline in 2018 when sales contracted for the first time since the 1990s.

But Yale Zhang, an analyst at Shanghai-based Automotive Foresight, believes the fall could be closer to 10%.

“Those unsold China-5 vehicles in key areas will be sold to other regions and sales in those areas will be hit as well,” he said.

SCOURGE OF SMOG
In China, smog has become a major source of public discontent and Beijing declared a “war on pollution” five years ago,
seeking to mitigate the environmental damage done during
four decades of breakneck economic growth.

To that end, it has aggressively pursued the adoption of the electric cars and
its stage-6 emission standards are regarded as the most stringent in
the world.

The central government ramped up its anti-pollution drive last year, urging local authorities to implement stage-6 standards ahead of time.

The southern province of Hainan was the first to jump on the bandwagon, saying it was thinking of doing so as early as November 2018.

This set off a round of announcements from other provinces and
cities which began bringing their implementation dates forward
- though the timing varied from January to March to July. Some, including Hainan,
later postponed after local dealers complained they wouldn’t be able to sell off inventories.

Confusion ensued and it was not until last month that authorities clarified that buyers of stage-5 cars would be able to resell them.

Dealers will also need to bear the cost of shipping unsold stage-5 cars to other cities and provinces where implementation comes later, while automakers have had to contend with headaches related to rolling out stage-6 models to market in time.

“Why can’t companies be allowed to arrange production and new product rollouts according to the rules?” Shi Jianhua,
a senior official at the China Association of Automobile Manufacturers, told a news conference in June.

“The implementation date of China-6 rules was fixed, so why has it been accelerated in a way that doesn’t give companies sufficient time?” he added in rare criticism of government moves.

While carmakers do not necessarily have to make fundamental changes to engine technology to meet the new standards, they have to add catalysts and come up with better filtering systems that trap exhaust gases and particulate matter. In some cases, such changes might take a few years to design and execute, engineers told Reuters.

The problem is “the cost and the amount of time it takes to design specific components into the design of a given engine,” said a China-based engineer at General Motors Co, declining to be identified as he was not authorized to speak to the media.

The process to gain regulatory approval for car models can take six months to a year and vehicle testing agencies such as the China Automotive Technology and Research Center (CATARC) do not have enough labs to meet the sudden surge in demand, multiple industry sources said.

CATARC did not respond to a request to comment.

That’s meant carmakers have produced fewer stage-6 compliant vehicles than hoped for.

Just 21% of cars sold in May met stage-6 standards but this has to rise to 50% if supply is to meet demand, Jefferies said in a research note last month.

Volkswagen AG (VOWG_p.DE), the biggest foreign brand in China, said in an emailed statement all its existing model lines will meet stage-6 standards in key regions from July 1.

“Currently, we have a reasonable stock of China-5 vehicles and are reducing this, for example by reallocating the models nationwide,” it added.

A Ford Motor Co representative said almost all of its line-up was stage-6 compliant. GM did not immediately respond to a request for comment.

A representative for Geely [GEELY.UL] said all of its gasoline models met stage-6 standards, while a spokesman for Toyota Motor Corp said the Japanese automaker had the technical reserve to meet the new standards and the switch to stage-6 rules would not have a big impact.

Nissan Motor Co Ltd is widely regarded within the industry as the most prepared international car manufacturer, having stated that as of February 90% of its China car manufacturing met stage-6 standards.

By contrast, local carmakers such as GAC and Great Wall Motor Co Ltd still had models waiting to be verified in June, according to the government’s Vehicle Emission Control Center.

For some customers, however,
the confusion surrounding the switch to new emissions standards was a win for them.

“I know cars well. These China-5 vehicles are technologically advanced enough. Why shouldn’t I buy a new car with big discounts?” said Jiang Lingfeng as he checked out a stage-5 Regal sedan at the Buick showroom in Shanghai.

Reporting by Yilei Sun and Norihiko Shirouzu; Additional reporting by David Stanway in Shanghai, Muyu Xu and Beijing newsroom; Editing by Brenda Goh and Edwina Gibbs

Our Standards:The Thomson Reuters Trust Principles.

[mick]

emission standard - pretty stiff ruling---wonder what dealers do with stock not sold ?????


16% drop in sales-SHOULD BE GOOD FER $NIO - EMISSION STANDARDS-CHINA IN AUTO SLUMP--- SO THIS WHY $NIO SALES DOWN SOME
Behind the plunge in China auto sales: chaotic implementation of new emission rules

SHANGHAI/BEIJING (Reuters) - Shanghai-based Buick dealer Ron Li in late April found himself in an unfamiliar quandary: how to sell off almost 80 sedans and sport-utility vehicles crowding up his dealership lot.

https://www.reuters.com/article/us-china-autos-insight/behind-the-plunge-in-china-auto-sales-chaotic-implementation-of-new-emission-rules-idUSKCN1TW388?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

[TheFinalCD]

hey Pete what is the NIO float?

[mick]

Nio Inc. American De (NIO)
3.2956 ? 0.0356 (1.09%)
Volume: 13,843,361 @07/08/19 12:44:04 PM EDT
Bid Ask Day's Range
- - 3.13 - 3.3
NIO Detailed Quote

[mick]

8 day-50 day-200 day-https://www.barchart.com/stocks/quotes/NIO/technical-chart

[mick]

NIO 2.6000 +0.1200 +4.8387% USD 10:34AM EST 19.077M

[mick]

NIO Inc (NIO)
3.645 ? 0.135 (3.85%)
Volume: 37,716,023 @01/13/20 12:47:55 PM EST
Bid Ask Day's Range
- - 3.52 - 3.72
NIO Detailed Quote

[mick]

NIO Inc. (NIO) is confirmed to report earnings at approximately 6:40 AM ET on Wednesday, March 18, 2020. The consensus estimate is for a loss of $0.37 per share on revenue of $412.45 million and the Earnings Whisper ® number is ($0.34) per share. Investor sentiment going into the company's earnings release has 46% expecting an earnings beat The company's guidance was for revenue of approximately $393.00 million. Consensus estimates are for year-over-year earnings growth of 24.49% with revenue decreasing by 17.46%. Short interest has decreased by 21.0% since the company's last earnings release while the stock has drifted higher by 6.5% from its open following the earnings release to be 5.8% above its 200 day moving average of $2.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 1,321 contracts of the $2.00 put expiring on Friday, April 3, 2020. Option traders are pricing in a 21.9% move on earnings and the stock has averaged a 20.6% move in recent quarters.

[mick]

8 day-50 day-200 day-https://www.barchart.com/stocks/quotes/NIO/technical-chart

[DewmBoom]

$NIO starts delivery of all-new ES8 SUV

http://autonews.gasgoo.com/china_news/70017064.html

DEWMBOOM IS BULLISH ON NIO IN 2020

[mick]

NIO Inc (NIO)
3.755 ? 0.125 (3.44%)
Volume: 23,151,701 @05/08/20 3:01:23 PM EDT
Bid Ask Day's Range
- - 3.6 - 3.8
NIO Detailed Quote

[mick]

NIO Inc (NIO)
4.17 ? 0.35 (9.16%)
Volume: 70,718,928 @05/27/20 7:59:47 PM EDT
Bid Ask Day's Range
- - 3.9 - 4.2
NIO Detailed Quote

[DewmBoom]

$NIO BREAKING NEWS: NIO China to gain 10.4 billion yuan worth of credit line from six banks
NIO From Gasgoo| July 10 , 2020

Shanghai (Gasgoo)- NIO China will receive a credit line worth 10.4 billion yuan ($1,484,568,800) from six Chinese banks, the EV maker announed on July 10.

http://autonews.gasgoo.com/china_news/70017329.html