NIO (Chinese: 蔚来; pinyin: Wèilái) is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company is also involved in the FIA Formula E Championship, although NIO has ended funding the team after selling to Lisheng Racing.
Besides, How much do NIO cars cost?
Li envisions electric cars at $25,000 each sometime soon, Nio’s cars are now as expensive as Tesla’s. Nio’s entry-level sedan, the ET7, has a starting price of $58,500 with a 70 kilowatt-hour battery, which can take the car 310 miles.
Also, Is it worth buying NIO stock?
The Verdict on Nio Stock
Its massive gains in the past year will give some potential investors pause. But I believe the company remains a great investment. It’s still young and has plenty of operational kinks to work out. … The post NIO Stock Is Still Worth Buying appeared first on InvestorPlace.
Herein, Is NIO overvalued? Conclusion. Investors clearly view NIO as a legitimate EV competitor given its $56 billion valuation. While NIO may appear overvalued considering the fact that the company only reported a Q1 revenue of $283.6 million, NIO still has more upside.
Is NIO the Tesla of China?
William Li is the founder of Chief Executive of NIO. The EV maker is sometimes labelled as China’s Tesla killer. Its value has skyrocketed since the firm came close to financial collapse in late 2019.
21 Related Questions and Answers
Is NIO only in China?
At the moment, Nio only sells its cars in China. But the company has said it plans to enter the European market as early as the second half.
Is NIO making money?
NIO’s Q1 total revenue was RMB 7.982 billion ($1.24 billion), up 481% year-over-year, with only RMB 576.5 million ($88.0 million) coming from its other sales category. Making up the other revenue streams were its service packages for its electric vehicles, as well as battery swapping, and charging solutions.
Why is NIO down so much?
NIO was just one of many automakers that saw its U.S. listed shares trading lower on Tuesday, as investors digested the likely effects of a prolonged shortage of automotive semiconductors. … With more buyers opting for longer-range battery packs, NIO’s gross margins are growing more quickly than expected.
Why is NIO stock so high?
For NIO specifically, Chung expects the company’s order backlogs to increase in the second quarter, which will in turn “substantially increase” its revenue and market share in the second half of the year, with new products driving additional growth in 2022. Chung’s upgrade is a big part of why the stock is up today.
Will NIO dominate China?
NIO differentiates itself through its industry-leading battery swap technology. As of 31 May 2021, NIO has cumulatively sold 109,514 vehicles in China, with May 2021 deliveries of 6,711 vehicles constituting a 95.3% increase y-o-y. …
Is NIO bigger than Tesla?
On a price to sales basis, Nio is selling for 26 times revenue, Tesla for 20.6 times revenue. It’s true that, because of its smaller size, Nio is growing faster than Tesla.
Will NIO Stock survive?
Thanks to the massive capital raise, NIO won’t just survive but will thrive and grow. In fact, while markets speculated about NIO’s survival in the first quarter of 2020, one overlooked aspect is the backing from the Chinese government.
Is NIO a good car?
It looks great and modern. The built-quality is great, there are no gaps in the panels and it oozes quality. Definitely not according to the stigma of Chinese-made cars. The ES6 comes with a 400-kilometer range, although it’s closer to 250-300.
Is NIO a bad investment?
There are metrics which make Nio look like a terrible investment. Its shares’ price-sales ratio is higher than all but 3.5% of automotive stocks. … Much more important is the fact that Nio delivered another record month of sales in January, as its vehicle deliveries jumped 352% year-over-year to 7,225.
Can NIO become the Tesla of China?
Nio may not be a recognizable name in the US, but it is becoming a leading player in China’s EV market. But the company has had its fair share of problems along the way.
How many cars has NIO delivered?
NIO reports record deliveries, besting XPeng
In a press release from NIO today, the automaker reported that it delivered 8,083 vehicles last month, representing 116.1% growth compared to June of 2020.
What can I expect from NIO stock?
Stock Price Forecast
The 20 analysts offering 12-month price forecasts for NIO Inc have a median target of 59.66, with a high estimate of 92.26 and a low estimate of 19.01. The median estimate represents a +36.02% increase from the last price of 43.86.
Why is Tesla and Nio stock dropping?
Tesla has been beaten down in recent months, victim of a broader sell-off in high-growth stocks and supply chain threats including a semis shortage and higher raw material costs. The shares are down more than 30% from a January high.
What is a good buy price for NIO?
NIO Inc (NYSE:NIO)
The 20 analysts offering 12-month price forecasts for NIO Inc have a median target of 59.59, with a high estimate of 92.26 and a low estimate of 19.01. The median estimate represents a +28.29% increase from the last price of 46.45.
Is Nio the next Tesla?
The reality is that this company is on the verge of dominating the EV market in China and Hong Kong.” … NIO American depositary receipts recently traded at $49.23, up 9.2%. They have climbed 27% in the past month amid investor enthusiasm for EVs.
Is XPeng stock a buy?
XPeng stock should not be bought right now, based on its fundamentals and weak chart. Investors want to prioritize stocks that have seen growth of at least 25% in earnings and sales in recent quarters. XPeng doesn’t yet have a profit; the company is still in an early growth-focused phase.
Is Nio more than a car company?
With a market cap now over $65 billion, loss-making Nio is close to $10 billion more valuable than U.S. auto industry stalwart General Motors. … Beijing has set a target for EV sales to account for half the market in 2035, and China’s domestic manufacturers are all seeking to lead the pack.
What is the best Chinese electric car?
Chinese electric cars: Top five electric vehicles from China
- Tesla MODEL 3.
- Tesla Model 3 2021.
- Tesla Hatchback Range.
- Tesla Sedan Range.
- Tesla SUV Range.
- GWM SUV Range.
- Hatchback.
- Sedan.
Is Nio expanding?
Last January, the automaker announced its first luxury sedan, the ET7, to compete with EVs like the Tesla Model S. This past May, NIO announced it will be expanding outside of China, beginning with sales in Norway, followed by news that it had been approved for mass production of its ES8 SUV throughout Europe.
