nio stock car
The company is known for its grand, customer-centric strategies ranging from a network of luxurious showrooms to a free battery swap service. Returns in the industry are also meager. And the Chinese automotive industry today looks much like America’s booming one of the 1950s when the number of U.S. registered cars doubled. 61 Qorus and No. When last I checked on Nio, I confessed fondness for it despite the fact that Nio hasn’t posted a profit and you can’t buy one of its nifty-keen cars in the U.S. (though that may change; more on that in a bit). Deutsche Bank said last month that a growing number of consumers recognize Nio as “a high-quality premium brand with best-in-class technology and customer service.” Meanwhile, Credit Suisse reportedly raised Nio’s price target to a new high of $25 when the company guided a record number of orders last month and expanded its monthly production capacity to 5,000 vehicles. I love the electric vehicle space. Time is also short for Nio and Xpeng to scale charging service networks, which IHS Markit sees as one of Tesla’s early competitive advantages in encouraging consumers to go electric. Nio, Xpeng, Li Auto: your cheat sheet to China's listed Tesla rivals, China Tech Investor: Xiaomi’s resilience, with Bryan Ma, EV maker Byton CEO departs amid restructuring: report, Zoom will be local version-only for Chinese users. Sales of all-electric and plug-in hybrids vehicles have to make up around one-quarter of total auto sales in 2025 in order to reach China’s mandated EV quotas, according to IHS Markit (in Chinese). With an increase in shares outstanding, an investor's stock holding represents less of the overall company, meaning a proportionately smaller share of the company's profits going forward. Especially if NIO takes a small beating after the less-than-stellar third quarter report, this stock is worth a go. 2020 InvestorPlace Media, LLC. One where American and European consumers eschew Teslas, BMWs and Audis in favor of a better, faster, cheaper, more desirable Chinese import. In, Still, bearish researchers including Bernstein. A good place to start is with analyst ratings, since companies of Nio’s ilk are either “pre-revenue” or pre-excuse making. A surging Tesla has fueled the rise of new electric car stocks. Nio also contends with BYD (OTCMKTS:BYDDF), the 800-pound gorilla of the Chinese EV world. Either way, all signs point forward even if profits don’t. © 2020, Nasdaq, Inc. All Rights Reserved. Nio (NIO) will sell 88.5 million American depository receipts as the Tesla (TSLA) of China looks to grow and capitalize on demand for electric car stocks. On August 11, Nio reported its second quarter earnings. The Chinese auto market is massive, but it’s still finite. In addition, Nio says its production capacity will hit 5,000 units per month in September. Zacks, for example, ranks NIO stock as a hold. Just seven months ago, Shanghai-based electric vehicle maker Nio (NIO) was seen as a cautionary tale. So were Nio investors. NIO designs and develops smart, high-performance, electric vehicles with an aim to be the first “User Enterprise” in the world. No major car manufacturer has earned its cost of capital over the past decade. (Nio). Nio, Xpeng, and Li Auto recorded surging sales over the past two quarters, illustrating their improving performance. Shares of Nio rose 2.9% to 19.04 on the stock market today after tumbling as low as 16.82 intraday. quotes delayed at least 15 minutes, all others at least 20 minutes. Click here to find out! Investor appetite for the electric vehicle sector has soared in recent months, partly led by enthusiasm for. While many Wall Street analysts have taken bearish views of the field, Asia-based analysts are embracing the notion that young EV makers could co-exist with Tesla and even benefit from its China success. Demand was so extreme that websites popped up so Tesla buyers could ask each other where they were in line. NIO shares did drop slightly, but that was a minor road bump. Terms, however, are particularly onerous. Realtime quote and/or trade prices are not sourced from all markets. Instead, the car company contracts with state-owned Jianghuai Automobile Group (JAC) for production. You’ll get the name & ticker of Matt McCall’s top pick when you tune in to his FREE event. On the date of publication, Lou Carlozo did not have (either directly or indirectly) any positions in the securities mentioned in this article. As of Sept. 30, the company currently has 35 retail stores in 30 cities, only a quarter of those of Nio and Xpeng. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN.


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