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Why NIO Isn’t Worth Investing In (NYSE:NIO) | news.google.com • |
Download Nio Phone 2 Stock Wallpapers [QHD+] (Official) | news.google.com • |
NIO (NIO) Stock Price Prediction and Forecast 2025-2030 | news.google.com • |
NIO Inc. (NIO) Flat As Market Sinks: What You Should Know | zacks.com • |
NIO Inc. (NIO) Flat As Market Sinks: What You Should Know | news.google.com • |
NIO Inc. (NIO) Flat As Market Sinks: What You Should Know | news.google.com • |
Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-09-05 | 2024-06 | -0.46 | N/A | N/A | N/A |
2024-06-06 | 2024-03 | -0.31 | -0.36 | -0.05 | -16.13% |
2024-03-05 | 2023-12 | -0.51 | -0.45 | 0.06 | 11.76% |
2024-03-05 | 2023-12 | -0.51 | N/A | N/A | N/A |
2023-12-05 | 2023-09 | -0.43 | N/A | N/A | N/A |
2023-12-05 | 2023-09 | -0.43 | -0.37 | 0.06 | 13.95% |
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% |
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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.
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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.
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-
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.
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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.
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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.
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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
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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?
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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
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Do not sell will hitt 12
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Alibaba, Nio Stocks Surge: Hang Seng Rises Over 3% As Tech, EV Rally Outweighs COVID-19 Worries
by
Bhavik Nair
November 3, 2022 10:29 PM | 2 min read
Alibaba, Nio Stocks Surge: Hang Seng Rises Over 3% As Tech, EV Rally Outweighs COVID-19 Worries
Hong Kong shares traded in the green on Friday with the benchmark Hang Seng opening 3.36% higher. Investors and traders seem to have shrugged off a rise in COVID-19 cases in China which hit their highest since August.Hong Kong Stocks Today
Stock Movement
Alibaba Group Holding Ltd. (NYSE:BABA) 6.27%
JD.com Inc (NASDAQ:JD) 8.92%
Baidu Inc (NASDAQ:BIDU) 4.28%
Tencent Holdings Ltd. (OTC:TCEHY) 4.52%
Meituan (OTC:MPNGF) 5.37%
Nio Inc (NYSE:NIO) 12.06%
XPeng Inc (NYSE:XPEV) 12.09%
Li Auto Inc (NASDAQ:LI) 7.86%
EV maker shares rose on Friday, with Xpeng and Nio gaining over 12% in morning trade. Shares of Alibaba rose over 6%.Macro News: China's COVID-19 cases reached their highest in two-and-a-half months on Thursday dampening hopes for an easing of curbs, reported Reuters.
China will keep the yuan stable and increase the flexibility of its exchange rate, said Yi Gang, governor of the People's Bank of China (PBOC) while adding that it is important to deepen financial reform and strengthen and improve modern financial supervision, reported Reuters.
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Company News: Lenovo Group (OTC:LNVGY) reported its first revenue decline in 10 quarters with its total revenue during the July-September quarter coming in at $17.09 billion, down 4% year-over-year, reported Reuters.
Nio fell behind on thousands of cars with COVID-Zero disruptions leading to a loss of some 7,000 EVs in production, reported Bloomberg. The company told Benzinga on Thursday it had resumed production after it was initially affected due to COVID-19 curbs
Top Gainers and Losers: CSPC Pharmaceutical Group Limited and JD.com are among the top gainers among Hang Seng constituents, having risen over 7% and 6%, respectively. Lenovo Group Limited and CK Infrastructure Holdings Limited are among the top losers, having fallen 1.85% and 0.4%, respectively.
Global News: U.S. futures traded mixed on Friday morning Asia session. The Dow Jones futures were down 0.07%, while the Nasdaq futures gained 0.08%. The S&P 500 futures were trading lower by 0.04%.
Elsewhere in Asia-Pacific, Australia’s ASX 200 was up 0.22%. Japan’s Nikkei 225 traded 2.06% lower while China’s Shanghai Composite index traded 1.13% higher. South Korea’s Kospi gained 0.25%.
Read Next: To Deter Putin From 'Gaming' System, G7 Reportedly Agrees To Set Fixed Price For Russian Oil
Posted In: Chinese EV StocksChinese tech Stockselectric vehiclesEurasiaEVsHang SengHong Kong stock marketAsiaNewsTop StoriesMarketsMoversTrading Ideas
2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Alibaba, JD.com, Nio extend rally in Chinese stocks amid continued hope for relaxing COVID rules
Published: Nov. 4, 2022 at 7:01 a.m. ET
By Emily Bary
One ETF tracking Chinese internet stocks has advanced each day this week and was set for a sharp gain FridayU.S.-listed shares of Chinese internet companies including Alibaba Group Holding Ltd. and Nio Inc. were rallying sharply in premarket trading Friday as hopeful sentiment continued to build over the possibility that the country was planning to relax its strict COVID-19 policies.
The Wall Street Journal reported Friday that Zeng Guang, who was formerly the chief scientist at the Chinese Center for Disease Control and Prevention, said at a conference that there were expected to be “significant” changes to the company’s zero-COVID approach, according to multiple unnamed sources.
Additionally, The Wall Street Journal noted that U.S. inspectors from the Public Accounting Oversight Board were set to complete their on-site review of Chinese companies’ audit records in Hong Kong. That development could ease fears about the prospect of delisting for Chinese companies whose shares trade on U.S. exchanges.
The performance tracks a rally in Hong Kong, where the Hang Seng HSI jumped 5%.
See also: Chinese tech sector leads Hong Kong market rebound
Among Friday’s premarket gainers were U.S.-listed shares of Bilibili Inc. BILI , up almost 14%, Nio NIO , up nearly 11%, as well as iQiyi Inc. IQ and Alibaba BABA , each up nearly 10%.
U.S.-listed shares of JD.com Inc. JD were up about 9% while shares of Tencent Music Entertainment Group TME were up about 7% and shares of Huya Inc. HUYA
were ahead about 6%.
The KraneShares CSI China Internet ETF KWEB was advancing nearly 8% in Friday’s premarket action. It’s gained in each of the four prior trading sessions this week, though it’s still off 20% over the past month and 42% so far this year.See original version of this story
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Emily Bary is a MarketWatch reporter based in New York. -
Alibaba, JD.com, Nio extend rally in Chinese stocks amid continued hope for relaxing COVID rules
Published: Nov. 4, 2022 at 7:01 a.m. ET
By Emily Bary
One ETF tracking Chinese internet stocks has advanced each day this week and was set for a sharp gain FridayU.S.-listed shares of Chinese internet companies including Alibaba Group Holding Ltd. and Nio Inc. were rallying sharply in premarket trading Friday as hopeful sentiment continued to build over the possibility that the country was planning to relax its strict COVID-19 policies.
The Wall Street Journal reported Friday that Zeng Guang, who was formerly the chief scientist at the Chinese Center for Disease Control and Prevention, said at a conference that there were expected to be “significant” changes to the company’s zero-COVID approach, according to multiple unnamed sources.
Additionally, The Wall Street Journal noted that U.S. inspectors from the Public Accounting Oversight Board were set to complete their on-site review of Chinese companies’ audit records in Hong Kong. That development could ease fears about the prospect of delisting for Chinese companies whose shares trade on U.S. exchanges.
The performance tracks a rally in Hong Kong, where the Hang Seng HSI jumped 5%.
See also: Chinese tech sector leads Hong Kong market rebound
Among Friday’s premarket gainers were U.S.-listed shares of Bilibili Inc. BILI , up almost 14%, Nio NIO , up nearly 11%, as well as iQiyi Inc. IQ and Alibaba BABA , each up nearly 10%.
U.S.-listed shares of JD.com Inc. JD were up about 9% while shares of Tencent Music Entertainment Group TME were up about 7% and shares of Huya Inc. HUYA
were ahead about 6%.
The KraneShares CSI China Internet ETF KWEB was advancing nearly 8% in Friday’s premarket action. It’s gained in each of the four prior trading sessions this week, though it’s still off 20% over the past month and 42% so far this year.See original version of this story
Read Next
Read full story
Apple now valued at more than Amazon, Alphabet and Meta — combined
Apple Inc. shares have held up far better than those of Big Tech peers over the past month, and that's helped the company to a staggering feat: The smartphone giant is now worth more than Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. combined.
More On MarketWatch
Barron's: Netflix and Disney+ Embrace Ads. Roku Has Bad News for Them.
World Series: ‘Mattress Mack’ seen swearing at Philly hecklers over Astros bets that could pay him $75 million
About the AuthorEmily Bary
Emily Bary is a MarketWatch reporter based in New York. -
Chinese EV maker Nio resumes production after COVID shutdown
China is battling a rising number of COVID cases with tough curbs that have significantly disrupted businesses.
People inspecting car in Nio showroom
China's electric vehicle maker Nio has resumed production at its two factories in Hefei after disruptions caused by COVID-19 curbs [File: Norihiko Shirouzu/Reuters]
Published On 3 Nov 2022
3 Nov 2022
Chinese electric vehicle maker Nio has resumed production at its two factories in the eastern city of Hefei after COVID-19 curbs disrupted operations and delayed deliveries.“Production is resumed at the moment,” a company representative said on Thursday, declining to specify whether it was a full or partial resumption.
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China is battling a rising number of COVID cases in several big cities with lockdowns and stringent curbs that have disrupted travel and fuelled worker discontent at major Apple supplier Foxconn.Nio said on Wednesday it had suspended production because of COVID curbs, leading to delays in deliveries when sales are booming, triggering a steep drop in its shares.
Hefei’s latest outbreak began in early October, prompting the authorities to put parts of the city under lockdown at various times, including the district where Nio’s plants are located.
Nio sold 10,059 cars last month, nearly three times its sales from October 2021, after introducing new models such as ET5. For the first 10 months the year, its sales grew 32 percent.
SOURCE: REUTERS
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