nio 2020

Don't have a Benzinga account? All rights reserved. In fact, at one point, it clearly looked like that would happen. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. NIO delivered 12,206 vehicles in the third quarter of 2020, representing an increase of 154.3% year-over-year and exceeding the higher end of the Company's quarterly guidance. Next reporting date: November 10, 2020: EPS forecast (this quarter)-$1.23: Annual revenue (last year) $1.1B: Annual profit (last year)-$1.7B: Net profit margin 2019. I suspect that Nio (NYSE:NIO)stock will tread water over the next six months or so until it can show profits. It was also able to raise $1 billion from local Chinese institutions. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. As of September 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 58,288 vehicles, of which 26,375 were delivered in 2020. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries of the ES6 in June 2019. NIO Inc. is a pioneer in China's premium smart electric vehicle market. Q4. Further information regarding these and other risks is included in NIO's filings with the SEC. We are honored that NIO is included in FORTUNE’s 2020 Change the World list of companies that are doing well by doing good. This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Shares of Nio jumped 22.57% on Wednesday after JPMorgan upgraded the company to an overweight rating based on surging demand for electric vehicles in China. © 2020 CNBC LLC. Now it must show that it can thrive. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. NIO Inc. Fourth Quarter and Full Year 2019 Financial Results 111.7 KB. Citi also upgraded Nio to a buy rating on Wednesday, based on a strong order backlog as well as the company's growing market share. We want to hear from you. Got a confidential news tip? Mark Hake runs the Total Yield Value Guide which you can review here. Q3. They all want to catch up to Tesla and some have tried to find EV market niches in China. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO's strategies; NIO's future business development, financial condition and results of operations; NIO's ability to develop and manufacture a car of sufficient quality and appeal to customers on schedule and on a large scale; its ability to grow manufacturing in collaboration with partners; its ability to provide convenient charging solutions to its customers; its ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of the ES8 and ES6; its ability to control costs associated with its operations; its ability to build the NIO brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. The NIO Stock Road Test. NIO Delivered 3,965 Vehicles in August, A New Record High. The country is simply so large that plenty of EV and battery makers can survive there together. Article printed from InvestorPlace Media, Privacy Policy / Do Not Sell My Personal Data. says that 12 Wall Street analysts cover the stock and have an average  price target of $14. The firm lifted its target to $33.20 from $18.10. The Man Who Recommended 23 1,000% Winners Is Revealing His #1 Stock for 2020. Barron’s recently quoted Deutsche Bank analyst Edison Yu as saying that Tesla and its competitors, including Nio, can coexist and succeed in China. With a 5-year investment, the revenue is expected to be around +606.2%. For more information, please visit: As the Financial Times recently pointed out, Nio and a number of other Chinese EV companies are trying to catch up to Tesla by raising capital. Q1. Data is a real-time snapshot *Data is delayed at least 15 minutes. Source: Sundry Photography /, NIO Stock Will Likely Tread Water Until Nio Is Profitable, XPeng’s IPO on the NYSE raised $1.5 billion, 7 Overlooked Small-Cap Stocks To Buy For Growth, Louis Navellier and the InvestorPlace Research Staff, DraftKings Stock Is Finally Giving Us a Buyable Dip, Matt McCall and the InvestorPlace Research Staff, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, Nio Stock Is in Bubble Territory But There’s More Room to Run, 4 Top Stock Trades for Monday: PTON, PFE, FSLY, SPAQ, 10 Canadian Stocks to Buy for the Recovery in 2021 and Beyond. With Wednesday's pop Nio has surged more than 500% this year amid broad enthusiasm for the electric vehicle space. Among the companies in the latter category are Nio, XPeng (NYSE:XPEV), Li Auto (NASDAQ:LI), and WM Motor. Li, Nio’s founder, now believes that the concerns of investors and EV buyers  about Nio have been “dispelled.” He told the Financial Times that “those concerns from customers have been eliminated,” and that “demand for our cars is rising rapidly.”. NIO Launches Smart Electric Coupe SUV EC6. Each of these companies except WM Motor recently raised capital in U.S. public markets in an effort to compete with Tesla. Seeking Alpha’s poll of 13 analysts shows that, on average, Nio’s revenue is forecast to be $2.21 billion in 2020 and $3.82 billion in 2021. 24 Jul 2020. Nio’s founder, William Li, told  the Financial Times that the firm’s recent cash flow problems, which seem to be behind it, were a “test of maximum pressure. NIO began deliveries of the ES8, a 7-seater flagship premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019. A daily collection of all things fintech, interesting developments and market updates. I don’t see analysts raising their target on the stock until the company can show a path to profitability or at least indications that it’s trending towards profitability. Create one. Last month, the company raised over $1.5 billion, from U.S. investors. Forward-looking statements involve inherent risks and uncertainties. NIO officially launched the EC6, a 5-seater premium electric coupe SUV, in December 2019 and began first deliveries of the EC6 in late September 2020. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law. 2020 InvestorPlace Media, LLC. Chinese electric vehicle start-up Nio welcomed visitors to its exhibit at the 2020 Beijing auto show with a display of the Nio EP9 sportscar. Granted, that will not prevent Nio from continuing to burn cash. But Tesla’s cars still have what the Financial Times calls “unwavering popularity” in China. Founded in November 2014, NIO's mission is to shape a joyful lifestyle. Nio is still not even generating positive gross margins on the sale of its electric vehicles (EVs). NIO delivered 4,708 vehicles in September 2020, a new monthly record representing a strong 133.2% year-over-year growth. Nio surges after JPMorgan upgrades China electric vehicle play and says shares can nearly double Published Wed, Oct 14 2020 10:34 AM EDT Updated Wed, Oct 14 2020 … NIO delivered 4,708 vehicles in September 2020, a new monthly record representing a strong 133.2% year-over-year growth. Nio’s “economy” car, the EC6, starts at a pre-subsidy price of approximately $54,000. Copyright © 2020 InvestorPlace Media, LLC. All rights reserved. Nio is in the earlier phases of growth with revenue expanding 56% last year, with growth likely to pick up to over 90% in 2020. NIO Inc. Provides July 2020 Delivery Update. The newspaper published a chart  showing that the American company’s EVs far outsell those of the local Chinese automakers. Q2. This implies a loss of nearly 33% from yesterday’s closing price. NIO Inc. Third Quarter 2019 Earnings Results 226.4 KB. Redefining the user experience, NIO provides users with comprehensive, convenient, and innovative charging solutions and other user-centric services. For example, XPeng’s IPO on the NYSE raised $1.5 billion at the end of August. Copyright © (This story is for CNBC PRO subscribers only.). According to the Financial Times, Tesla sold 45,721 vehicles in the first half of the year, and the Model 3 is China’s most popular electric car.

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