![]() The deliveries consisted of 4,381 premium smart electric SUVs, including 1,251 ES8s, 1,878 ES6s and 1,252 EC6s, and 693 ET7s, the Company’s flagship premium smart electric sedan. The electric vehicle maker NIO announced on Sunday that delivered a total of 5,074 units in China during April 2022, representing a decrease of 28.5% year-over-year. Her knowledge of words and numbers helps her write clear stock analysis.Written by Cláudio Afonso | | LinkedIn | Twitter She believes in buying and holding for long-term gains. Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. ![]() The company is set to grow bigger on high demand and sales. Look at the bigger picture and see how far Nio has come. The company has a lot lined up for 2022 and it will benefit investors.Ī dip in delivery numbers for one month does not speak anything about the potential of the company. ![]() Nio is one of the top EV players in the industry and the market is only growing bigger in the coming years. 18, when it expects to launch its new ET7 sedan.ĭo not panic due to the investor sell-off and instead load up on NIO stock in the dip. It is also setting up a factory at the NeoPark EV industry park in China and expects to roll out the first vehicle in the second quarter of next year. This reduces the cost of the car significantly. ![]() BaaS allows consumers to buy cars without batteries and subscribe to the program to swap batteries at the stations. The company’s battery-as-a-service (BaaS) offers a huge advantage in the competitive market and this partnership is a clear path towards International expansion. It includes the installation of 100 swapping stations in China by 2025 and pilot stations in Europe in the next year. Nio recently signed an agreement with Shell (NYSE: RDS.A, NYSE: RDS.B) to build and operate the battery charging stations. Looking at the big picture, Nio shows strong potential to grow and meet the growing demand of consumers in the thriving EV market. The chip shortage and supply chain issues affected every automaker and it is temporary. However, I believe Nio should not be judged simply based on the October deliveries. Considering the current situation of the market, it looks difficult for the company to meet the revenue or deliveries for the fourth quarter, and this may impact the bottom line. That means t he company will have to deliver extraordinary numbers in December to meet the projections. This brings the year-to-date deliveries in 2021 to 80,940 vehicles, a 120% increase from 2020, and the total deliveries to 156,581.įor the fourth quarter, the company expects deliveries between 23,500 and 25,500 vehicles. It reported 3,667 deliveries in October and delivered 10,878 vehicles in November which is a 105% increase from a year ago. Nio did not have a good October, but it did bounce back in November. The entire EV industry was facing a chip shortage and had major supply chain issues which led to a dip in deliveries.
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