Founded in November 2014, NIO's mission is to shape a joyful lifestyle. NIO delivered 4,708 vehicles in September 2020, a new monthly record representing a strong 133.2% year-over-year growth. NIO shares, for instance, are up about 53% since Sept. 4, the day before Yu initiated coverage with his Buy rating. 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. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. NIO aims to build a community starting with smart EVs to share joy and grow together with users. Copyright © 2020 InvestorPlace Media, LLC. Nio’s “economy” car, the EC6, starts at a pre-subsidy price of approximately $54,000. NIO Inc. Fourth Quarter and Full Year 2019 Financial Results 111.7 KB. Each of these companies except WM Motor recently raised capital in U.S. public markets in an effort to compete with Tesla. NIO Inc. is a pioneer in China's premium smart electric vehicle market. These are reasonably cheap ratios on a relative basis, compared to TSLA stock. 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. We want to hear from you. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Last month, the company raised over $1.5 billion, from U.S. investors. I wrote about that capital raise last month, noting  that the company really needed that capital to survive. “Buyers put off purchases”, according to the newspaper, as people feared the company would go out of business. 03 Sep 2020. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. Nio is still not even generating positive gross margins on the sale of its electric vehicles (EVs). 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. Q1. SHANGHAI, China, Oct. 02, 2020 (GLOBE NEWSWIRE) -- NIO Inc. ("NIO" or the "Company") (NYSE:NIO), a pioneer in China's premium smart electric vehicle market, today provided its September and third quarter 2020 delivery results. With Wednesday's pop Nio has surged more than 500% this year amid broad enthusiasm for the electric vehicle space. Private Securities Litigation Reform Act of 1995. A Division of NBCUniversal. For example, XPeng’s IPO on the NYSE raised $1.5 billion at the end of August. The country is simply so large that plenty of EV and battery makers can survive there together. The Chinese EV sector is the largest new-car market in the world, according to Barron’s. 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 Among the companies in the latter category are Nio, XPeng (NYSE:XPEV), Li Auto (NASDAQ:LI), and WM Motor. Q3. 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. Q4. Now it must show that it can thrive. But Tesla’s cars still have what the Financial Times calls “unwavering popularity” in China. 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. So far this year NIO sold: ES6: 20,371 ES8: 5,988 EC6: 16 Total: 26,375 (up 114% year-over-year) Cumulative sales reached 58,288. I suspect that Nio (NYSE:NIO)stock will tread water over the next six months or so until it can show profits. NIO, Inc. (China) quote is equal to 28.480 USD at 2020-10-17. Marketbeat.com says that 12 Wall Street analysts cover the stock and have an average  price target of $14.

For more information, please visit: http://ir.nio.com. (This story is for CNBC PRO subscribers only.). 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. Redefining the user experience, NIO provides users with comprehensive, convenient, and innovative charging solutions and other user-centric services. 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. The firm lifted its target to $33.20 from $18.10. 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. I wrote about the issue at the end of 2019 and the beginning of 2020. NIO House Opens at Auto China 2020. 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. Statements that are not historical facts, including statements about NIO's beliefs, plans, and expectations, are forward-looking statements. 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.

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. Copyright © Here are Monday's biggest analyst calls of the day: Tesla, Hershey, RH & more, Morgan Stanley raises Tesla target based on delivery numbers, but firm still on the sidelines, Three more analysts join the bullish chorus on Netflix ahead of earnings.

By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. The firm also introduced a new June 2021 $40 price target on the stock, which implies an 85% rally from Tuesday's closing price of $21.62. NIO Launches Smart Electric Coupe SUV EC6. The Man Who Recommended 23 1,000% Winners Is Revealing His #1 Stock for 2020. 24 Jul 2020. 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. For investor and media inquiries, please contact: Thank you for subscribing! 2019. Sign up for free newsletters and get more CNBC delivered to your inbox. Article printed from InvestorPlace Media, https://investorplace.com/2020/09/nio-stock-will-tread-water-until-path-to-profitability/. 26 Sep 2020. 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. On the date of publication, Mark R. Hake held a long position in Tesla. 1125 N. Charles St, Baltimore, MD 21201. Analysts and investors are hoping that the company can get above this minimum profitability threshold. But keep in mind that Nio is nowhere near profitability. This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. You’ll get the name & ticker of Matt McCall’s top pick when you tune in to his FREE event. That puts the forward price-sales multiple of NIO stock, which has a market capitalization of $25.5 billion, at 11.6 times for 2020  and 6.7 times for 2021. Barron’s recently quoted Deutsche Bank analyst Edison Yu as saying that Tesla and its competitors, including Nio, can coexist and succeed in China.

Data is a real-time snapshot *Data is delayed at least 15 minutes.

NIO Inc. Third Quarter 2019 Earnings Results 226.4 KB. 2020 InvestorPlace Media, LLC. NIO Inc. NIO delivered 4,708 vehicles in September 2020, a new monthly record representing a strong 133.2% year-over-year growth. JPMorgan acknowledged that it missed out on the company's eye-popping rally, but the frim doesn't believe it's too late to get into the name. All rights reserved.

The NIO Stock Road Test. 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. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. In fact, at one point, it clearly looked like that would happen. Privacy Policy / Do Not Sell My Personal Data.

Q2. Don't have a Benzinga account? 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. 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.”. But Tesla still dominates in China. Further information regarding these and other risks is included in NIO's filings with the SEC. NIO Inc. Reports Second Quarter 2020 Financial Results 94.6 KB. Forward-looking statements involve inherent risks and uncertainties. It was also able to raise $1 billion from local Chinese institutions. Create one. A daily collection of all things fintech, interesting developments and market updates. Nio has shown that it can survive. With a 5-year investment, the revenue is expected to be around +606.2%.

Source: Sundry Photography / Shutterstock.com, 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.

All Rights Reserved. We are honored that NIO is included in FORTUNE’s 2020 Change the World list of companies that are doing well by doing good. There is simply no question that the price of Nio stock has followed that of Tesla (NASDAQ:TSLA). At the time, the stock was trading … Based on our forecasts, a long-term increase is expected, the "NIO" stock price prognosis for 2025-10-08 is 201.127 USD. NIO Inc. Li Auto had its IPO on NASDAQ at the end of July and raised $1.1 billion. The prior target was $14.

Nasdaq © 2020 CNBC LLC. But at least then it could work to lower its costs enough to generate positive EBITDA and net income.



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