Nio Stock, China EV Stocks Reverse Despite Strong March Sales Despite Chip Shortages

Investors2021-04-06

Nio(NIO) andXpeng(XPEV) reported monthly and Q1 sales numbers on Thursday, withLi Auto(LI) releasing figures on Friday.BYD Auto(BYDDF) is expected to follow in the coming days. Nio stock and other EV ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Alfred1007
2021-04-07
Alfred1007
Not until the chip shortage issue is solved, wait few more months maybe?
- Terry1989:
  go go go
Lucamia
2021-04-06
Lucamia
been holding nio for long time...
我i168
2021-04-06
我i168
Looks like need some good news to maintain the reversal.
堵神
2021-04-06
堵神
Growing stock..good??
FrankieKek
2021-04-06
FrankieKek
Good for future
bzlim
2021-04-06
bzlim
Nio is a growth stock. More room ahead

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1169981026?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-06 11:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169981026","market":"us","top_or_hot":-1,"title":"Nio Stock, China EV Stocks Reverse Despite Strong March Sales Despite Chip Shortages","media":"Investors","content":"<div>\n<p>Nio(NIO) andXpeng(XPEV) reported monthly and Q1 sales numbers on Thursday, withLi Auto(LI) releasing figures on Friday.BYD Auto(BYDDF) is expected to follow in the coming days. Nio stock and other EV ...</p>\n\n<a href=\"https://www.investors.com/news/nio-stock-china-ev-stocks-march-q1-2021-sales-data/?src=A00220\">Source Link</a>\n\n</div>\n","source":"lsy1610449120050","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock, China EV Stocks Reverse Despite Strong March Sales Despite Chip Shortages</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Stock, China EV Stocks Reverse Despite Strong March Sales Despite Chip Shortages\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 11:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/nio-stock-china-ev-stocks-march-q1-2021-sales-data/?src=A00220><strong>Investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio(NIO) andXpeng(XPEV) reported monthly and Q1 sales numbers on Thursday, withLi Auto(LI) releasing figures on Friday.BYD Auto(BYDDF) is expected to follow in the coming days. Nio stock and other EV ...</p>\n\n<a href=\"https://www.investors.com/news/nio-stock-china-ev-stocks-march-q1-2021-sales-data/?src=A00220\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIO","symbol_name":"蔚来","start_time":0,"source_url":"https://www.investors.com/news/nio-stock-china-ev-stocks-march-q1-2021-sales-data/?src=A00220","article_id":"1169981026","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169981026","pubTimestamp":1617680793,"sourceInfo":{"source_id":"lsy1610449120050","name":"Investors"},"weMediaInfo":null,"summary":"Nio andXpeng reported monthly and Q1 sales numbers on Thursday, withLi Auto releasing figures on Friday.BYD Auto is expected to follow in the coming days. Nio stock and other EV stocks turned lower Monday.Nio deliveries for March were 7,257, up 373% vs. a year earlier and 30% vs. February, when weeklong Lunar New Year holidays affected sales and production. Q1 sales were 20,060. Last week, Nio said it would halt production for five days starting March 29, citing chip shortages. It also trimmed i","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","TSLA":"特斯拉"},"translate_title":"尽管芯片短缺，3月份销量强劲，但蔚来和中国电动汽车股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":0.9,"TSLA":0.9,"XPEV":0.9},"content_text":"Nio(NIO) andXpeng(XPEV) reported monthly and Q1 sales numbers on Thursday, withLi Auto(LI) releasing figures on Friday.BYD Auto(BYDDF) is expected to follow in the coming days. Nio stock and other EV stocks turned lower Monday.\nNio deliveries for March were 7,257, up 373% vs. a year earlier and 30% vs. February, when weeklong Lunar New Year holidays affected sales and production. Q1 sales were 20,060. Last week, Nio said it would halt production for five days starting March 29, citing chip shortages. It also trimmed itsQ1 delivery target to 19,500from 20,000-20,500.\nNio's March sales included 2,576 EC6 crossovers, 3,152 of the ES6 SUV and 1,529 of the larger ES8. The EC6 competes with the made-in-China Tesla and the just-launchedVolkswagen(VWAGY) ID.4, which is far cheaper.\nXpeng deliveries for March were 5,102, up 384% vs a year earlier and 130% vs. February. Q1 sales were 13,340. In March, Xpeng sold 2,855 P7 sedans and 2,247 G3 small SUVs. The P7 sedan competes with the Tesla Model 3.\nLi Auto reported March deliveries of 4,900 vehicles, up 239%, with Q1 deliveries up 333% to 12,579. Li Auto makes the Li ONE, an SUV with a small gas engine for extended range.\nAlso on Friday, Tesla(TSLA) reported globalQ1 deliveries of 184,800 that easily topped Wall Street views.\nLast month, the China Passenger Car Association reported that Tesla sold 18,318 vehicles in China in February. Meanwhile, Xpeng delivered 2,223 in February and indicated sales will jump to 4,262 in March. Nio sold 5,578 in February, while Li Auto delivered 2,300 Li ONEs. Warren Buffett-backed BYD Auto sold 10,355 new energy vehicles.\nSingapore-based industry tracker Canalys forecasts EV sales of 1.9 million vehicles in China in 2021, vs. 1.3 million in 2020. In total, they will account for a 9% share of all cars sales in China vs. 6.3% in 2020.\nNio Stock, China EV Stocks\nNio stock closed down 0.9% at 39.31 on thestock market today. A February breakout past a 57.30 entry failed, and there's no newbuy pointin sight for Nio stock, according toMarketSmith chart analysis.\nXpengstock lost 2.5% Monday, and Li Auto eased 1.2%. Tesla stock added 4.4%.\nWedbush analyst Daniel Ives says consumer demand remains robust even as EV production hits a few road bumps.\n\"Despite the noise/chip shortage, Tesla saw strength in China and the U.S. with EV consumer demand patterns that continued to improve discernibly since the beginning of January with strength seen for Tesla in the months of February and March particularly in China,\" Ives said in a note to clients.\nThe sell-off in Nio stock and other EV stocks \"creates a massive buying opportunity\" to own Chinese EV players as well as Tesla, Ives added.\n\"While the stocks and the EV space are clearly going through a painful digestion period, we view this as a short-term pullback in a multi-year upward rally,\" he wrote. \"We forecast the EV market represents a $5 trillion total addressable market over the next decade with many EV/OEMs/supply chain players poised to be major winners over the coming years.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":343762153,"gmtCreate":1617756248672,"gmtModify":1704702650808,"author":{"id":"3570656625926041","authorId":"3570656625926041","name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Not until the chip shortage issue is solved, wait few more months maybe?","listText":"Not until the chip shortage issue is solved, wait few more months maybe?","text":"Not until the chip shortage issue is solved, wait few more months maybe?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/343762153","repostId":1169981026,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3975628,"gmtCreate":1617761950110,"gmtModify":1680783137574,"authorId":3568630624134613,"author":{"id":3568630624134613,"authorId":3568630624134613,"name":"Terry1989","avatar":"https://static.tigerbbs.com/8272a89e76043ea5cf409608f7f69586","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343762153,"type":1,"supId":0,"prevId":0,"content":"go go go","text":"go go go","html":"go go go"}],"langContent":"EN"},{"id":343624174,"gmtCreate":1617715144998,"gmtModify":1704702125589,"author":{"id":"3566218798350603","authorId":"3566218798350603","name":"Lucamia","avatar":"https://static.tigerbbs.com/d0a29de257327dedf4ada72586cf9c09","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"been holding nio for long time...","listText":"been holding nio for long time...","text":"been holding nio for long time...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343624174","repostId":1169981026,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343612021,"gmtCreate":1617712629563,"gmtModify":1704702084118,"author":{"id":"3563873670221480","authorId":"3563873670221480","name":"我i168","avatar":"https://static.tigerbbs.com/34b2d0551b5ab028c13ab35747c4df8c","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Looks like need some good news to maintain the reversal.","listText":"Looks like need some good news to maintain the reversal.","text":"Looks like need some good news to maintain the reversal.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343612021","repostId":1169981026,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343876246,"gmtCreate":1617708364685,"gmtModify":1704702029079,"author":{"id":"3569643178216945","authorId":"3569643178216945","name":"堵神","avatar":"https://static.tigerbbs.com/cacee5ba5c333e51bfcd4bed94dada85","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Growing stock..good??","listText":"Growing stock..good??","text":"Growing stock..good??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343876246","repostId":1169981026,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343158327,"gmtCreate":1617694403669,"gmtModify":1704701862855,"author":{"id":"3575803694164258","authorId":"3575803694164258","name":"FrankieKek","avatar":"https://static.tigerbbs.com/da7640cd774b21f6b3c4c45addfc1cf5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good for future&nbsp;","listText":"Good for future&nbsp;","text":"Good for future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343158327","repostId":1169981026,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343161119,"gmtCreate":1617691587431,"gmtModify":1704701833507,"author":{"id":"3572436349218639","authorId":"3572436349218639","name":"bzlim","avatar":"https://static.tigerbbs.com/3b2aafaf14823285f7393917b6ff4f54","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Nio is a growth stock. More room ahead","listText":"Nio is a growth stock. More room ahead","text":"Nio is a growth stock. More room ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343161119","repostId":1169981026,"repostType":4,"repost":{"id":"1169981026","pubTimestamp":1617680793,"share":"https://www.laohu8.com/m/news/1169981026?lang=&edition=full","pubTime":"2021-04-06 11:46","market":"us","language":"en","title":"Nio Stock, China EV Stocks Reverse Despite Strong March Sales Despite Chip Shortages","url":"https://stock-news.laohu8.com/highlight/detail?id=1169981026","media":"Investors","summary":"Nio andXpeng reported monthly and Q1 sales numbers on Thursday, withLi Auto releasing figures on Friday.BYD Auto is expected to follow in the coming days. Nio stock and other EV stocks turned lower Monday.Nio deliveries for March were 7,257, up 373% vs. a year earlier and 30% vs. February, when weeklong Lunar New Year holidays affected sales and production. Q1 sales were 20,060. Last week, Nio said it would halt production for five days starting March 29, citing chip shortages. It also trimmed i","content":"<p><b>Nio</b>(NIO) and<b>Xpeng</b>(XPEV) reported monthly and Q1 sales numbers on Thursday, with<b>Li Auto</b>(LI) releasing figures on Friday.<b>BYD Auto</b>(BYDDF) is expected to follow in the coming days. Nio stock and other EV stocks turned lower Monday.</p>\n<p>Nio deliveries for March were 7,257, up 373% vs. a year earlier and 30% vs. February, when weeklong Lunar New Year holidays affected sales and production. Q1 sales were 20,060. Last week, Nio said it would halt production for five days starting March 29, citing chip shortages. It also trimmed itsQ1 delivery target to 19,500from 20,000-20,500.</p>\n<p>Nio's March sales included 2,576 EC6 crossovers, 3,152 of the ES6 SUV and 1,529 of the larger ES8. The EC6 competes with the made-in-China Tesla and the just-launched<b>Volkswagen</b>(VWAGY) ID.4, which is far cheaper.</p>\n<p>Xpeng deliveries for March were 5,102, up 384% vs a year earlier and 130% vs. February. Q1 sales were 13,340. In March, Xpeng sold 2,855 P7 sedans and 2,247 G3 small SUVs. The P7 sedan competes with the Tesla Model 3.</p>\n<p>Li Auto reported March deliveries of 4,900 vehicles, up 239%, with Q1 deliveries up 333% to 12,579. Li Auto makes the Li ONE, an SUV with a small gas engine for extended range.</p>\n<p>Also on Friday,&nbsp;<b>Tesla</b>(TSLA) reported globalQ1 deliveries of 184,800 that easily topped Wall Street views.</p>\n<p>Last month, the China Passenger Car Association reported that Tesla sold 18,318 vehicles in China in February. Meanwhile, Xpeng delivered 2,223 in February and indicated sales will jump to 4,262 in March. Nio sold 5,578 in February, while Li Auto delivered 2,300 Li ONEs. Warren Buffett-backed BYD Auto sold 10,355 new energy vehicles.</p>\n<p>Singapore-based industry tracker Canalys forecasts EV sales of 1.9 million vehicles in China in 2021, vs. 1.3 million in 2020. In total, they will account for a 9% share of all cars sales in China vs. 6.3% in 2020.</p>\n<p><b>Nio Stock, China EV Stocks</b></p>\n<p>Nio stock closed down 0.9% at 39.31 on thestock market today. A February breakout past a 57.30 entry failed, and there's no newbuy pointin sight for Nio stock, according toMarketSmith chart analysis.</p>\n<p>Xpengstock lost 2.5% Monday, and Li Auto eased 1.2%. Tesla stock added 4.4%.</p>\n<p>Wedbush analyst Daniel Ives says consumer demand remains robust even as EV production hits a few road bumps.</p>\n<p>\"Despite the noise/chip shortage, Tesla saw strength in China and the U.S. with EV consumer demand patterns that continued to improve discernibly since the beginning of January with strength seen for Tesla in the months of February and March particularly in China,\" Ives said in a note to clients.</p>\n<p>The sell-off in Nio stock and other EV stocks \"creates a massive buying opportunity\" to own Chinese EV players as well as Tesla, Ives added.</p>\n<p>\"While the stocks and the EV space are clearly going through a painful digestion period, we view this as a short-term pullback in a multi-year upward rally,\" he wrote. \"We forecast the EV market represents a $5 trillion total addressable market over the next decade with many EV/OEMs/supply chain players poised to be major winners over the coming years.\"</p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock, China EV Stocks Reverse Despite Strong March Sales Despite Chip Shortages</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Stock, China EV Stocks Reverse Despite Strong March Sales Despite Chip Shortages\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 11:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/nio-stock-china-ev-stocks-march-q1-2021-sales-data/?src=A00220><strong>Investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio(NIO) andXpeng(XPEV) reported monthly and Q1 sales numbers on Thursday, withLi Auto(LI) releasing figures on Friday.BYD Auto(BYDDF) is expected to follow in the coming days. Nio stock and other EV ...</p>\n\n<a href=\"https://www.investors.com/news/nio-stock-china-ev-stocks-march-q1-2021-sales-data/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","XPEV":"小鹏汽车"},"source_url":"https://www.investors.com/news/nio-stock-china-ev-stocks-march-q1-2021-sales-data/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169981026","content_text":"Nio(NIO) andXpeng(XPEV) reported monthly and Q1 sales numbers on Thursday, withLi Auto(LI) releasing figures on Friday.BYD Auto(BYDDF) is expected to follow in the coming days. Nio stock and other EV stocks turned lower Monday.\nNio deliveries for March were 7,257, up 373% vs. a year earlier and 30% vs. February, when weeklong Lunar New Year holidays affected sales and production. Q1 sales were 20,060. Last week, Nio said it would halt production for five days starting March 29, citing chip shortages. It also trimmed itsQ1 delivery target to 19,500from 20,000-20,500.\nNio's March sales included 2,576 EC6 crossovers, 3,152 of the ES6 SUV and 1,529 of the larger ES8. The EC6 competes with the made-in-China Tesla and the just-launchedVolkswagen(VWAGY) ID.4, which is far cheaper.\nXpeng deliveries for March were 5,102, up 384% vs a year earlier and 130% vs. February. Q1 sales were 13,340. In March, Xpeng sold 2,855 P7 sedans and 2,247 G3 small SUVs. The P7 sedan competes with the Tesla Model 3.\nLi Auto reported March deliveries of 4,900 vehicles, up 239%, with Q1 deliveries up 333% to 12,579. Li Auto makes the Li ONE, an SUV with a small gas engine for extended range.\nAlso on Friday, Tesla(TSLA) reported globalQ1 deliveries of 184,800 that easily topped Wall Street views.\nLast month, the China Passenger Car Association reported that Tesla sold 18,318 vehicles in China in February. Meanwhile, Xpeng delivered 2,223 in February and indicated sales will jump to 4,262 in March. Nio sold 5,578 in February, while Li Auto delivered 2,300 Li ONEs. Warren Buffett-backed BYD Auto sold 10,355 new energy vehicles.\nSingapore-based industry tracker Canalys forecasts EV sales of 1.9 million vehicles in China in 2021, vs. 1.3 million in 2020. In total, they will account for a 9% share of all cars sales in China vs. 6.3% in 2020.\nNio Stock, China EV Stocks\nNio stock closed down 0.9% at 39.31 on thestock market today. A February breakout past a 57.30 entry failed, and there's no newbuy pointin sight for Nio stock, according toMarketSmith chart analysis.\nXpengstock lost 2.5% Monday, and Li Auto eased 1.2%. Tesla stock added 4.4%.\nWedbush analyst Daniel Ives says consumer demand remains robust even as EV production hits a few road bumps.\n\"Despite the noise/chip shortage, Tesla saw strength in China and the U.S. with EV consumer demand patterns that continued to improve discernibly since the beginning of January with strength seen for Tesla in the months of February and March particularly in China,\" Ives said in a note to clients.\nThe sell-off in Nio stock and other EV stocks \"creates a massive buying opportunity\" to own Chinese EV players as well as Tesla, Ives added.\n\"While the stocks and the EV space are clearly going through a painful digestion period, we view this as a short-term pullback in a multi-year upward rally,\" he wrote. \"We forecast the EV market represents a $5 trillion total addressable market over the next decade with many EV/OEMs/supply chain players poised to be major winners over the coming years.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":55,"commentSize":35,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1169981026"}