Day Gain | ||
Gain | ||
Market Val | ||
Costs | ||
Cash | ||
Portfolio | ||
Realized | ||
Dividend |
NIO Inc. (NIO) Laps the Stock Market: Here's Why | zacks.com • |
A Closer Look at NIO's Options Market Dynamics | news.google.com • |
Here's How Much You Would Have Made Owning NIO Stock In The Last 5 Years | news.google.com • |
Why NIO Stock Is Down 10% This Week | news.google.com • |
What’s Next for NIO Stock as the Chinese Stimulus Rally Fades? | news.google.com • |
EV makers XPeng, Nio shares pricing in high expectations after recent rally: UBS | news.google.com • |
Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-12-03 | 2024-09 | -0.32 | N/A | N/A | N/A |
2024-09-05 | 2024-06 | -0.46 | -0.34 | 0.12 | 26.09% |
2024-06-06 | 2024-03 | -0.31 | -0.36 | -0.05 | -16.13% |
2024-06-06 | 2024-03 | -0.31 | N/A | N/A | N/A |
2024-03-05 | 2023-12 | -0.51 | N/A | N/A | N/A |
2024-03-05 | 2023-12 | -0.51 | -0.45 | 0.06 | 11.76% |
Date | Firm | Action | From | To |
---|---|---|---|---|
2023-09-05 | Deutsche Bank | Upgrade | Buy | Buy |
2023-08-29 | Bernstein | Upgrade | Market Perform | Market Perform |
2023-08-29 | Mizuho | Upgrade | Buy | Buy |
2023-08-29 | B of A Securities | Upgrade | Buy | Buy |
2023-08-29 | JP Morgan | Upgrade | Neutral | Neutral |
2023-08-10 | Deutsche Bank | Upgrade | Buy | Buy |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | Baillie Gifford and Company | 119.46M | 1.16B | 7.61% |
2023-06-29 | Blackrock Inc. | 66.79M | 647.24M | 4.25% |
2023-06-29 | Vanguard Group Inc | 48.01M | 465.21M | 3.06% |
2023-06-29 | State Street Corporation | 24.27M | 235.18M | 1.55% |
2023-06-29 | Morgan Stanley | 19.70M | 190.89M | 1.25% |
2022-12-30 | Norges Bank Investment Management | 15.93M | 155.34M | 1.01% |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-05-30 | Vanguard International Growth Fund | 38.61M | 290.73M | 2.46% |
2023-07-30 | Vanguard International Stock Index-Emerging Markets Stk | 16.55M | 253.20M | 1.05% |
2023-07-30 | Vanguard International Stock Index-Total Intl Stock Indx | 16.05M | 245.56M | 1.02% |
2023-08-30 | iShares Core MSCI Emerging Markets ETF | 12.63M | 129.72M | 0.80% |
2023-08-30 | iShares MSCI China ETF | 5.14M | 52.81M | 0.33% |
2023-08-30 | iShares MSCI Emerging Markets ETF | 4.39M | 45.13M | 0.28% |
-
Stop selling only
-
Ataacck noobs
-
active stock that you're not afraid of is rising soon
-
A rebound attack
-
Nice wall here
-
Buy buy buy
-
The stock fluctuates high, you can now enter a full dollar on the way
-
Hold 🫶🫶🫶
-
Buy some now
-
Nio Earnings Due As China Covid Curbs Disrupt EV Production
FacebookTwitterLinkedIn
APARNA NARAYANAN 03:42 PM ET 11/08/2022
Nio (NIO) prepares to report earnings for the third quarter after the Chinese luxury EV startup suspended production due to Covid curbs. Nio stock tumbled near two-year-plus lows.Sorry, the video player failed to load.(Error Code: 101104)
Far more than actual Nio earnings, its Q4 delivery outlook should matter to investors on Thursday.On Nov. 2, Nio confirmed to Reuters that it has temporarily shut down production lines at its Hefei factories due to Covid-19 restrictions as cases rise, following speculation about such a halt. But there were local media reports the next day that Nio production had resumed.
Then, over the weekend, China dismissed reports that it will ease its ultra-strict, "zero-Covid" policy, which has hurt both manufacturing chains and consumer sentiment.
Nio is trying to recover from disappointing EV sales in October, while competition is intensifying in the premium electric SUV segment where it has been a leading player.
Nio Earnings
Estimates: Analysts polled by FactSet expect Nio to widen net loss per ADR share to 16 cents from a six-cent loss a year ago. Revenue is seen growing 18% to $1.814 billion.Results: Check back Thursday before the open.
Outlook: For the full year, Wall Street expects Lucid to lose 64 cents per share vs. a loss of 30 cents in 2021. Revenue is seen growing nearly 38% in 2022.
NIO Stock, China EV Stocks
Share of Nio fell 3.9% to 10.55 on the stock market today, extending a 6% decline Monday. Nio stock closed below the 21-day average Monday and remains well below longer-term averages. The once-white-hot China EV startup continues mired more than 75% below its 52-week high.Among other China EV startups, Li Auto (LI) gained 1.7% Tuesday. Xpeng (XPEV) eased 1.3%, near record lows. China EV and battery giant BYD (BYDDF) edged down 0.1%. Tesla, which dominates China's premium EV market, lost 2.6% Tuesday for a new 17-month low.
On Tuesday, BYD said it will launch a new premium brand in early 2023, called Yangwang.
China Covid Curbing Nio EV Sales
In Q3, Nio sold a record 31,607 electric vehicles, outpacing its startup rivals Li and Xpeng, but at the low end of its own earlier estimate. Nio's EV sales lagged those of rivals earlier this year.Nio outsold Li and Xpeng again in October, but its sales fell vs. September. Nio said Nov. 1 that Covid curbs weighed on October production and deliveries.
They also caused the Chinese startup to miss a target for record EV deliveries in each month of Q4.
In pursuit of growth outside China, Nio made its official Europe launch last month with the new ET7 and ET5 sedans and the new ES7 SUV.
Meanwhile, competition is growing in the premium SUV segment. Li and Xpeng are bringing more SUV models to market. Tesla recently cut the Model Y price in China. And now BYD is preparing a new premium-focused brand.
"We expect a mostly decent quarter with potential for headline margin upside from regulatory credits," Deutsche Bank analyst Edison Yu said in a Nio earnings preview note to investors Tuesday.
But "all eyes will be on the Q4 delivery outlook given the recent Hefei Covid disruptions hurting October production," the analyst added.
YOU MAY ALSO LIKE:
These Are The 5 Best Stocks To Buy And Watch Now
Stocks To Watch: Top-Rated IPOs, Big Caps And Growth Stocks
Find The Latest Stocks Hitting Buy Zones With MarketSmith
Why This IBD Tool Simplifies The Search For Top Stocks
-
Nio Earnings Due As China Covid Curbs Disrupt EV Production
FacebookTwitterLinkedIn
APARNA NARAYANAN 03:42 PM ET 11/08/2022
Nio (NIO) prepares to report earnings for the third quarter after the Chinese luxury EV startup suspended production due to Covid curbs. Nio stock tumbled near two-year-plus lows.Sorry, the video player failed to load.(Error Code: 101104)
Far more than actual Nio earnings, its Q4 delivery outlook should matter to investors on Thursday.On Nov. 2, Nio confirmed to Reuters that it has temporarily shut down production lines at its Hefei factories due to Covid-19 restrictions as cases rise, following speculation about such a halt. But there were local media reports the next day that Nio production had resumed.
Then, over the weekend, China dismissed reports that it will ease its ultra-strict, "zero-Covid" policy, which has hurt both manufacturing chains and consumer sentiment.
Nio is trying to recover from disappointing EV sales in October, while competition is intensifying in the premium electric SUV segment where it has been a leading player.
Nio Earnings
Estimates: Analysts polled by FactSet expect Nio to widen net loss per ADR share to 16 cents from a six-cent loss a year ago. Revenue is seen growing 18% to $1.814 billion.Results: Check back Thursday before the open.
Outlook: For the full year, Wall Street expects Lucid to lose 64 cents per share vs. a loss of 30 cents in 2021. Revenue is seen growing nearly 38% in 2022.
NIO Stock, China EV Stocks
Share of Nio fell 3.9% to 10.55 on the stock market today, extending a 6% decline Monday. Nio stock closed below the 21-day average Monday and remains well below longer-term averages. The once-white-hot China EV startup continues mired more than 75% below its 52-week high.Among other China EV startups, Li Auto (LI) gained 1.7% Tuesday. Xpeng (XPEV) eased 1.3%, near record lows. China EV and battery giant BYD (BYDDF) edged down 0.1%. Tesla, which dominates China's premium EV market, lost 2.6% Tuesday for a new 17-month low.
On Tuesday, BYD said it will launch a new premium brand in early 2023, called Yangwang.
China Covid Curbing Nio EV Sales
In Q3, Nio sold a record 31,607 electric vehicles, outpacing its startup rivals Li and Xpeng, but at the low end of its own earlier estimate. Nio's EV sales lagged those of rivals earlier this year.Nio outsold Li and Xpeng again in October, but its sales fell vs. September. Nio said Nov. 1 that Covid curbs weighed on October production and deliveries.
They also caused the Chinese startup to miss a target for record EV deliveries in each month of Q4.
In pursuit of growth outside China, Nio made its official Europe launch last month with the new ET7 and ET5 sedans and the new ES7 SUV.
Meanwhile, competition is growing in the premium SUV segment. Li and Xpeng are bringing more SUV models to market. Tesla recently cut the Model Y price in China. And now BYD is preparing a new premium-focused brand.
"We expect a mostly decent quarter with potential for headline margin upside from regulatory credits," Deutsche Bank analyst Edison Yu said in a Nio earnings preview note to investors Tuesday.
But "all eyes will be on the Q4 delivery outlook given the recent Hefei Covid disruptions hurting October production," the analyst added.
YOU MAY ALSO LIKE:
These Are The 5 Best Stocks To Buy And Watch Now
Stocks To Watch: Top-Rated IPOs, Big Caps And Growth Stocks
Find The Latest Stocks Hitting Buy Zones With MarketSmith
Why This IBD Tool Simplifies The Search For Top Stocks
-
Nio Earnings Due As China Covid Curbs Disrupt EV Production
FacebookTwitterLinkedIn
APARNA NARAYANAN 03:42 PM ET 11/08/2022
Nio (NIO) prepares to report earnings for the third quarter after the Chinese luxury EV startup suspended production due to Covid curbs. Nio stock tumbled near two-year-plus lows.Sorry, the video player failed to load.(Error Code: 101104)
Far more than actual Nio earnings, its Q4 delivery outlook should matter to investors on Thursday.On Nov. 2, Nio confirmed to Reuters that it has temporarily shut down production lines at its Hefei factories due to Covid-19 restrictions as cases rise, following speculation about such a halt. But there were local media reports the next day that Nio production had resumed.
Then, over the weekend, China dismissed reports that it will ease its ultra-strict, "zero-Covid" policy, which has hurt both manufacturing chains and consumer sentiment.
Nio is trying to recover from disappointing EV sales in October, while competition is intensifying in the premium electric SUV segment where it has been a leading player.
Nio Earnings
Estimates: Analysts polled by FactSet expect Nio to widen net loss per ADR share to 16 cents from a six-cent loss a year ago. Revenue is seen growing 18% to $1.814 billion.Results: Check back Thursday before the open.
Outlook: For the full year, Wall Street expects Lucid to lose 64 cents per share vs. a loss of 30 cents in 2021. Revenue is seen growing nearly 38% in 2022.
NIO Stock, China EV Stocks
Share of Nio fell 3.9% to 10.55 on the stock market today, extending a 6% decline Monday. Nio stock closed below the 21-day average Monday and remains well below longer-term averages. The once-white-hot China EV startup continues mired more than 75% below its 52-week high.Among other China EV startups, Li Auto (LI) gained 1.7% Tuesday. Xpeng (XPEV) eased 1.3%, near record lows. China EV and battery giant BYD (BYDDF) edged down 0.1%. Tesla, which dominates China's premium EV market, lost 2.6% Tuesday for a new 17-month low.
On Tuesday, BYD said it will launch a new premium brand in early 2023, called Yangwang.
China Covid Curbing Nio EV Sales
In Q3, Nio sold a record 31,607 electric vehicles, outpacing its startup rivals Li and Xpeng, but at the low end of its own earlier estimate. Nio's EV sales lagged those of rivals earlier this year.Nio outsold Li and Xpeng again in October, but its sales fell vs. September. Nio said Nov. 1 that Covid curbs weighed on October production and deliveries.
They also caused the Chinese startup to miss a target for record EV deliveries in each month of Q4.
In pursuit of growth outside China, Nio made its official Europe launch last month with the new ET7 and ET5 sedans and the new ES7 SUV.
Meanwhile, competition is growing in the premium SUV segment. Li and Xpeng are bringing more SUV models to market. Tesla recently cut the Model Y price in China. And now BYD is preparing a new premium-focused brand.
"We expect a mostly decent quarter with potential for headline margin upside from regulatory credits," Deutsche Bank analyst Edison Yu said in a Nio earnings preview note to investors Tuesday.
But "all eyes will be on the Q4 delivery outlook given the recent Hefei Covid disruptions hurting October production," the analyst added.
YOU MAY ALSO LIKE:
These Are The 5 Best Stocks To Buy And Watch Now
Stocks To Watch: Top-Rated IPOs, Big Caps And Growth Stocks
Find The Latest Stocks Hitting Buy Zones With MarketSmith
Why This IBD Tool Simplifies The Search For Top Stocks
-
US Earnings to Watch: Disney, Lyft, Rivian, NIO, Tapestry
Gabriel Sanchez, Rafael Mendes and Crystal Chui
Mon, November 7, 2022 at 7:47 AM·6 min read(Bloomberg) -- The Federal Reserve may have “more work to do” after Friday’s job report showed that hiring was “quite healthy.” The strong labor market and resilient inflation led Fed policy makers to say that the interest rate peak could be above 5% next year. S&P 500 futures rose on Monday, poised to shake off last week’s decline, including its worst rout on a Fed decision day since January 2021. Still, the market may be choppy this week due as investors await expected inflation data and the results of the US midterm congressional elections. A divided Congress could lead to political gridlock and the race, historically beneficial for the index, is projected to be a tossup.
Most Read from Bloomberg
Twitter Now Asks Some Fired Workers to Please Come Back
Houston Mogul’s $75 Million Win on Astros Hits Caesars Hardest
Ukraine Latest: US and Russia Discussed Containing War, WSJ Says
COP27 Latest: Germany’s Scholz Accused of ‘Energy Colonialism’
Elon Musk Walks Back on Twitter Job Cuts, Blue Checks in Second Week
Scroll to continue with contentAd
Here’s The Richest Billionaire In Every U.S. State
Forbes
Here’s The Richest Billionaire In Every U.S. State
Although pandemic quarantines forced the vast majority of Americans to shelter in place for most of 2020, some billionaires moved to greener pastures.
READ MORE
Among this week’s notable earnings reports, Lyft may have to field questions about its myriad cost-cutting measures and its fresh headcount reduction. Disney will have to contend with a union that is seeking higher pay for the company’s theme-park employees. Rivian may be tested as higher interest rates crimp demand for its mid-sized truck, while Ralph Lauren and Coach parent Tapestry should provide insights on consumer appetite for luxury apparel amid higher costs and inflation.Jobs are likely to remain in focus this week too, with Meta Platforms shares rising in early trading Monday after reports that it plans to begin layoffs affecting thousands of workers as early as Wednesday. That follows Apple’s moves to freeze hiring for most workers and trim its shipment outlook for the latest iPhone models by 3 million units. The revised prodcution forecast sent Apple shares lower in premarket trading Monday. Meanwhile, Twitter is looking to re-hire dozens of staffers who were among roughly half of the company’s workers who were fired last week by Elon Musk. Several companies cut jobs in the past week, and some, from Match to Morgan Stanley, said there more dismissals could be on the horizon.
On the earnings front last week, Hershey reported better-than-expected results, including refreshed gum purchases amid waning mask-wearing, although its shares dipped after its implied fourth-quarter guidance trailed expectations. Starbucks shares also gained after the company’s comparable sales beat estimates on improved demand despite concerns about shifting consumer trends. Warner Bros Discovery shares sank after it reported weak trends in advertising that are expected to worsen should economic conditions deteriorate.
To subscribe to earnings coverage across your portfolio or other earnings analysis, run NSUB EARNINGS.
Click to see the highlights to watch this week from earnings reports in Europe and Asia; for the environmental, social and governance themes to look for in this week’s earnings calls, see the ESG Stock Watch
Follow results, analysis and market reaction to reports by Disney in real-time on the TOPLive blog this week
Earnings highlights to look for this week:
Monday: Lyft (LYFT US), reporting its third-quarter results after the bell, is projected to post a fifth quarter of slowing revenue growth year-over-year as its active rider base plateaus, according to Bloomberg Intelligence. Consensus calls for the company’s active clients to rise about 11.5% y/y in what would be the slowest rate since the first quarter of 2021. The company announced Thursday it would cut 13% of its staff and previously enacted a hiring freeze through the end of 2022. It has also scaled back on office space, although the benefit to its operating margins could be limited due to driver-retention incentives. While Uber’s shares soared last week after the rival ride-share firm reported better-than-expected results and guidance, Lyft is facing a driver supply disadvantage and trails Uber in engagement metrics.
Tuesday: Walt Disney (DIS US), due to release its fourth-quarter results postmarket, is expected to report Disney+ subscriber additions, with consensus calling for growth of about 38% year-over-year. The streaming segment should remain strong given price increases and the debut of an ad-supported tier in December, according to Bloomberg Intelligence. The company also launched a Disney+ test that would give subscribers priority access to new merchandise. Disney’s parks have performed well despite economic concerns, as consensus calls for year-over-year revenue growth of about 39%. Still, the impact of Hurricane Ian is set to curb profit by about $100 million, and executives are likely to field questions over the closure of its Shanghai park last week due to Covid cases.
Wednesday: Rivian (RIVN US) will report after the closing bell following a recall and a deal with Mercedes-Benz to jointly build electric vans in Europe. The closely watched production forecast for the full year — reaffirmed as recently as last month — should be within reach, Bloomberg Intelligence wrote. That said, they pointed out that investors could shift focus to the supply-demand balance in light of an economic slowdown, given production surpassed deliveries by 17% in first three periods this year. Cash burn is likely to persist, and negative adjusted free cash flow for the fiscal third quarter is projected to worsen to $1.9 billion from $1.6 billion in the prior quarter.
Thursday: Ralph Lauren (RL US) is due before market. Analysts from Telsey Advisory Group will be keeping tabs on the American fashion house’s progress in meeting the estimate-beating sales growth targets it set at its September investor day event. So far though, the top-line numbers for fiscal 2Q are showing a slowdown in EPS and revenue y/y gains, driven by weakness in Europe and Asia. North America, where the company is planning 15-20 more store openings through the beginning of 2025, will give an indication for how consumer appetite for high-end apparel fares amid inflationary headwinds. The firm still expects freight, raw materials and labor costs to weigh on gross margin through the quarter, but anticipates elevated pricing to help with margin expansion in the back half of the year, according to Telsey.
Tapestry (TPR US) will report premarket. Weakness in the China market continues to drag on fiscal first-quarter earnings, according to Bloomberg Intelligence, as consensus projects a 7.9% decline in the company’s adjusted EPS. Investors’ focus will be on whether higher pricing at its Coach brand in the US -- which makes up nearly 70% of sales -- could help mitigate risks in a toughening landscape. Similar to peer Ralph Lauren, the company behind the Kate Spade and Stuart Weitzman brands is focusing on a digital transformation to drive growth and engage new customers.
NIO (NIO US) is also due before the market open. The electric carmaker is expected to give its forecast for the fourth quarter, which has so far seen disruption in both production and delivery due to Covid restrictions in China. Gross margin for the third quarter is projected to widen sequentially to 14.9% from prior quarter’s 13%. Bloomberg Intelligence says shipment growth and pricing bode well for NIO’s margin recovery, adding sales of the new and more expensive ET7 sedans and ES7 SUVs help lift average selling prices.
Friday: No major earnings expected.
--With assistance from Natalie Lung.
Most Read from Bloomberg Businessweek
Seizing a Russian Superyacht Is Much More Complicated Than You Think
El Salvador’s $300 Million Bitcoin ‘Revolution’ Is Failing Miserably
US Housing Hit by Spiraling Mortgage Rates as Inflation Persists
Yeezy Roller Coaster Ended With Two-Minute Phone Call at Adidas
Fast Fashion Waste Is Choking Developing Countries With Mountains of Trash
2022 Bloomberg L.P.
View comments
ADVERTISEMENTRECOMMENDED STORIES
Motley Fool
Why Amazon Stock Dropped This Week23h ago
Yahoo Finance UK
Meta digital collectibles partnership lifts polygon2h ago
YourSportSpot
AdDanica Patrick's Career After Racing In Baffling
TheStreet.com
Meta Stock Jumps On Report of 'Large Scale' Job Cuts After Disappointing Q3 -
TESLA, NIO AND RENAULT RECEIVE FIVE STARS IN LATEST GREEN NCAP TESTS
Posted by The EV Report | Nov 7, 2022
Tesla, NIO and Renault Receive Five Stars in Latest Green NCAP Tests
Today, Green NCAP publishes the results of three very competitive electric vehicles; the Tesla Model 3, the new-to-market NIO eT7 and the Renault Megane E-Tech 100% electric. All vehicles received an impressive five stars under the Green NCAP sustainable rating scheme, achieving nearly maximum scores due to the high energy efficiency of their electric powertrains, far exceeding the ratings of conventional cars. The results also prove that manufacturers’ investment in electric vehicles can create a choice for consumers that considers both the environment and energy efficiency, but at the same time deliver the enjoyment, comfort, and power necessary to suit today’s journeys.The Tesla Model 3, with a battery capacity of 60 kWh, single motor, rear-wheel drive and a power of 208 kW has a wide and sporty appeal. It is the smallest vehicle of the Tesla range and the brand’s first model to be tested by Green NCAP. The car achieved high energy efficiency, not only in the Cold and Warm WLTC+ laboratory tests but also in the challenging Highway Test with a very impressive result of 21.1 kWh/100 km. The Tesla’s small frontal area and aerodynamic shape work to the vehicle’s advantage, although in the WLTC+ test cycle at a winterly -7°C because of the high demands of cabin heating, comfort and battery protection management, consumption increases by 72% and driving range is reduced significantly. Despite this and the car’s relatively high mass, its result proves that it has been designed with special attention made to efficiency and driving range.
Green NCAP rewards Tesla’s impressive performance with a Weighted Overall Index of 9.8 out of 10 and a well-deserved 5 Green stars.
NIO is a relative newcomer to the European market but already makes a strong statement with its fully equipped eT7, potentially targeting Tesla lovers. The car comes with two motors and all-wheel drive, a formidable power output of 480 kW and a huge 100 kWh battery. But this all adds weight, and the NIO tips the scales at 2.4 tons. In the laboratory WLTC+ test, the eT7 exactly matched its declared range of 580 km. Again, despite its high mass the eT7 demonstrates high overall efficiency. Under cold winter conditions (WLTC+ test at -7°C), just like the Tesla, the consumption is increased by 72% and this results in an expected driving range of about 340 km.
Despite its high mass, the NIO eT7 is impressive and confidently receives a Weighted Overall Index of 9.6 out of 10 and a well-deserved 5 Green stars.
Green NCAP tested the Renault Megane E-Tech EV60 with a battery capacity of 60 kWh, single motor, and front-wheel drive. With a power of 160 kW and a spacious interior, it is sure to have broad appeal, particularly with its low energy consumption figures. The values in the standard Cold and Warm WLTC+ tests are impressive, but, as with the NIO eT7, they rise notably in the Highway Test with its dynamic high power demand phases. The results of the performed short urban trip are noteworthy as this Megane used just 11.8 kWh/100 km. In the -7°C laboratory test, the vehicle’s consumption increased by 78% compared to the standard test and with 30 kWh/100 km finds itself between the measured values of the other two tested cars.
The Renault Megane E-Tech fully demonstrates, like Tesla’s Model 3 and NIO’s eT7, excellent performance and collects 9.6 out of 10 points in the Weighted Overall Index and a well-deserved 5 Green stars.
All three of these vehicles receive Green NCAP’s top marks due to the absence of polluting exhaust gas emissions and their remarkable energy efficiency scores, as well as the relatively low greenhouse gas emissions of European electricity production.
‘This latest round of Green NCAP testing clearly proves that electric vehicles are an excellent consumer choice in the quest for ensuring a cleaner and more sustainable environment. They score far higher than those with conventional powertrains. However, affordability is still a challenge. We call on manufacturers to further improve the efficiency of cabin heating in winter conditions, as this is shown to have a significant impact on driving range. The efficiency of the onboard charger constitutes a hidden cost for consumers and here the industry also needs to strive for higher numbers,’ says Dr. Michiel van Ratingen, Secretary General of Euro NCAP and Green NCAP.
Source
Don't Be Left Out!
Sign up to get the latest news and insights delivered right to your inbox.
SUBSCRIBE!
SHARE:
PREVIOUSTest Drive: 2022 Volvo XC60 Recharge
RELATED POSTS
New Mercedes EQS Passes Environmental Audit
New Mercedes EQS Passes Environmental AuditJanuary 28, 2022
-
Updated 26 min ago
NIO, Alibaba and Other U.S.-Listed Chinese Stocks Extend Rally
By Chelsey Dulaney
SHARE
U.S.-listed shares of Chinese e-vehicle makers
Source: FactSet
Li Auto
XPeng
NIO
Nov. 2
Nov. 4
-10
-5
0
5
10
15
20
25
30
%
U.S.-listed Chinese stocks are on track for another day of gains, as investors continue to bet on an easing of the country's strict Covid-19 restrictions. As of early afternoon in London:Chinese electric-vehicle makers led gains. NIO's American depositary receipts rose 2.8% in premarket trading. XPeng's U.S.-listed shares gained 4.9% premarket, while Li Auto rose 3.3%.
Internet stocks also rose. Baidu's U.S.-listed shares rose 2.2% before the opening bell. Pinduoduo rose 1.8% and Alibaba gained 0.9% premarket.
Hong Kong stocks had surged Monday, adding to Friday's rally.Chinese leaders are considering steps toward reopening after nearly three years of tough pandemic restrictions but are proceeding slowly and have set no timeline, The Wall Street Journal reported Monday.
Go deeper:
China Weighs Zero-Covid Exit But Proceeds With Caution and Without Timeline
Possible China Covid Reopening Prompts Jittery Markets, Intense Speculation
Already a WSJ member? Sign in -
NIO so far deploys 1,200 battery swapping stations in China
Monika From Gasgoo| November 07 , 2022
Shanghai (Gasgoo)- On Nov. 6, NIO put a new battery swapping station into operation in Suzhou city, Jiangsu province, signifying that the cumulative volume of the EV manufacturer's battery swapping facilities has amounted to 1,200 stations across China.
NIO is ambitious to deploy 1,300 battery swapping stations nationwide by the end of 2023, and 4,000 stations worldwide by 2025.
image.png
Photo credit: NIO
Aside from the battery swapping facility, NIO's power replenishment network in China has also contained 1,101 supercharging stations, 5,747 superchargers, 948 destination charging stations, and 6,068 destination charging piles. Besides, it has also had access to over 590,000 third-party charging piles.
Up until now, NIO's users have conducted more than 14 million battery swaps cumulatively, said the startup. Currently, more than 30,000 battery swaps can be fulfilled at NIO Power Swap stations per day.
As of today, around 66.23% NIO users in China have lived in the "Swap Station District Houses", which refer to residences within a 3 km radius from a NIO battery swap station. The coverage is expected to be raised to over 90% by 2025.
Of NIO's battery swapping stations so far deployed in the country, 324 are located along expressways.
NIO aims to fulfill the deployment of a "nine vertical + nine horizontal expressways + 19 city clusters" inter-city expressway battery swapping network in China by 2025.
NIO
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service: buyer-support@gasgoo.com Seller Service: seller-support@gasgoo.com -
Up 23% in a week, is now the time to buy NIO stock?
Nathan Marks
Mon, 7 November 2022 at 4:30 am·3-min read
In this article:NIO
+17.51%Electric cars charging at a charging station
Electric cars charging at a charging station
Over the last 12 months, there’s been a nearly 75% decline in the price of NIO (NYSE: NIO) stock. Electric vehicle (EV) stock valuations rose in 2020 and 2021, but that bubble looks to have burst.Undoubtedly NIO is facing a variety of economic and geopolitical headwinds, but there may be cause for optimism. And last week, investor sentiment improved and the share price soared 23%. What changed and should I buy the stock today?
Scroll to continue with contentAd
Do This Instead Of Cleaning Gutters (It's Genius!)
Meme stockHuge price swings are par for the course when it comes to investing in NIO and this has been the case ever since its September 2018 IPO.
Period
Performance
Last week
22.56%
Last month
– 27.18%
Last six months
– 24.06%
Last 12 months
– 72.38%
Since Septemer 2018 IPO
17.98%
Why is it so volatile? Firstly, it has often traded like a meme stock, roared on by social media channels. These high-risk speculative plays have little to do with fundamentals and often resemble more of a gamble than an investment. There has been similar behaviour with other EV stocks, but NIO faces other unique challenges.The stock could be delisted from the New York Stock Exchange. Many Chinese stocks on US exchanges face a similar fate if they don’t provide complete access to audit working papers. As China-US relations appear to be worsening, this is a real possibility. In that eventuality, shareholders rights around NIO wouldn’t be directly affected but the holdings would be harder to sell and the share price could collapse.
There are also domestic and international policies hindering production and growth. The US government has cracked down on chip exports to Chinese companies, putting further pressure on production targets. Meanwhile, Beijing’s strict zero-Covid policy has forced some of its factories to close, delaying deliveries.
Has the stock price bottomed?
NIO soared last week, rising 17.5% on Friday alone. This was after a report in The Wall Street Journal suggesting China may loosen that zero-Covid approach. But these are rumours and there’s been no confirmation from the government. However, fewer restrictions should enable higher growth and put the firm back on a path to growth and profitability.
Whether or nor the policy is loosened, it’s important for me to shut out the noise to assess the value of the shares. That’s tricky as the company isn’t profitable, but the crux of the bull case is the enormous growth potential of the EV industry. In fact China has the largest and fastest-growing EV market globally. NIO has benefited from this rising demand, as well as government subsidies and increased investment in EV infrastructure. Through referral programmes and VIP clubhouses it has built a loyal customer base. The opportunity in China alone is huge, but it has started to expand internationally too. Its cars are now for sale in Denmark, Germany, Norway, Sweden and the Netherlands.
So would I buy the stock today? The company’s growth potential excites me, despite the speculation and volatility. However, China-US relations may get worse before they get better. Contrarian investing can be rewarding but there’s a reasonable chance that the stock will be delisted. There are too many unpredictable factors separate from the company’s fundamentals, so I’m continuing to stay clear.
Story continues
View comments
ADVERTISEMENTCOMPANIES
Find the latest news and updates on top performing stocks on the London Stock Exchange and more.
Explore more
Top Stocks
Fool.co.uk
The FTSE 100 is up 7.5% in a month but still looks cheap to me -
11.60 to 11.90
-
Do not sell will hitt 12
-
-
NIO Inc. (NIO) Laps the Stock Market: Here's Why
zacks.com • -
A Closer Look at NIO's Options Market Dynamics
news.google.com • -
Here's How Much You Would Have Made Owning NIO Stock In The Last 5 Years
news.google.com • -
Why NIO Stock Is Down 10% This Week
news.google.com • -
What’s Next for NIO Stock as the Chinese Stimulus Rally Fades?
news.google.com • -
What’s Next for NIO Stock as the Chinese Stimulus Rally Fades?
news.google.com • -
What’s Next For NIO Stock As The Chinese Stimulus Rally Fades?
news.google.com • -
Warning: These Stocks Crashed
news.google.com • -
JD and NIO Shares Drop as U.S. DOJ Weighs Google Split Amidst An
news.google.com • -
What's Next For Chinese Stocks After Stimulus Rally Stumbles?
investopedia.com • -
Is Nio (NYSE: NIO) Stock the Best EV Play Out There?
news.google.com • -
NIO (NYSE:NIO) Shares Down 7.5%- MarketBeat
news.google.com • -
NIO Stock Drops Amid Broad Sell-Off in Chinese Stocks
news.google.com • -
Why Nio Stock Slumped 10% Today
news.google.com • -
Why Nio Stock Slumped 10% Today
fool.com • -
Why Nio Stock Slumped 10% Today
news.google.com • -
Why Nio Stock Slumped 10% Today
news.google.com • -
Why Nio Stock Slumped 10% Today
news.google.com • -
Why Are Nio Shares Trading Lower Today?
news.google.com • -
Why Are Nio Shares Trading Lower Today?
news.google.com • -
Mixed Performance for EV Stocks: NIO, XPEV, LI Decline, TSLA Gai
news.google.com • -
Alibaba Group Holding ADR (BABA-N) Quote- The Globe and Mail
news.google.com • -
Why Are Shares Of Alibaba, JD, Pinduoduo, And Nio Crashing Today?
news.google.com • -
Why Are Shares of Alibaba, JD, Pinduoduo, and Nio Crashing Today?
news.google.com • -
Why Are Shares of Alibaba, JD, Pinduoduo, and Nio Crashing Today?
news.google.com • -
Why Are Shares of Alibaba, JD, Pinduoduo, and Nio Crashing Today?
news.google.com • -
Why Are Shares of Alibaba, JD, Pinduoduo, and Nio Crashing Today?
news.google.com •