NIO Is Poised for Further Expansion; Analyst Says ‘Buy’

TipRanks2021-02-11

Nio (NIO) is entering its next phase of expansion. Last week, the EV maker announced it is partnering with the Hefei Anhui municipal government in China to build a new energy vehicle industrial park. ...

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Comments

Nawei
2021-02-12
Nawei
To the moon!!
JGoh
2021-02-11
JGoh
Shooting up $65
SunRay
2021-02-11
SunRay
Buyyyyy

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Last week, the EV maker announced it is partnering with the Hefei Anhui municipal government in China to build a new energy vehicle industrial park.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/nio-poised-further-expansion-analyst-183701030.html\">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://finance.yahoo.com/news/nio-poised-further-expansion-analyst-183701030.html","article_id":"2110201023","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/aZKkwAdRmdr0TARYTlkMpw--~B/aD00NTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://s.yimg.com/uu/api/res/1.2/00OK7vi1Ac75rDmD37X0WQ--~B/aD00NTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/tipranks_452/bc4eb6afe54d1ca88d50500cd689e4bd"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/nio-poised-further-expansion-analyst-183701030.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2110201023","pubTimestamp":1612982221,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Nio (NIO) is entering its next phase of expansion. Last week, the EV maker announced it is partnerin","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来"},"translate_title":"蔚来已经做好了进一步扩张的准备；分析师称“买入”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":0.9},"content_text":"Nio (NIO) is entering its next phase of expansion. Last week, the EV maker announced it is partnering with the Hefei Anhui municipal government in China to build a new energy vehicle industrial park.\nThe city has ambitions to become a center for EV production, which the Hefei Xinqiao Smart Electric Vehicle Industrial Park, should help realize.\nThe NIO China HQ is already based in Hefei and the new park will support production, R&D, pilot demonstration and various service facilities.\nIt is not the first time the province and Nio are crossing paths. Last April, entities led by the Hefei government injected $1 billion of cash into the company, which at the time was struggling to stay afloat.\nThe Hefei government and its affiliates intend to re-invest all profits from the equity investments back into the NIO China partnership.\n“In our view,” said Deutsche Bank analyst Edison Yu, “This lays the groundwork for capacity expansion to help NIO reach its +300k longer term volume target or nearly 3x current capacity. Details were not provided on financing sources, but we suspect there will be large support in the form of bank credit lines or arrangements similar in nature.”\nNio is also making moves further afield. A recent Linkedin post by the company said it was looking for someone to “formulate an action plan to enter the US market.”\nHowever, Yu believes that if the company moves forward with its intentions, it “would still be several years away and be a very tough endeavor given geopolitical backdrop, although the new Biden administration could potentially be seen as less antagonistic.”\nThat said, elsewhere across the globe, there should be more near-term developments. The company is set on entering the European market before the end of the year.\nYu expects Norway to be the first destination. Positions based in Oslo are already being advertised on Linkedin and Yu says NIO gave a hint of where it is heading, when at the ET7’s launch event, the company put a picture of the Karl Johans gate on the center screen navigation map.\nBased on the above, Yu reiterated a Buy rating on NIO shares along with a $70 price target. This figure suggests ~12% upside potential from current levels. (To watch Yu’s track record, click here)\nNio also has decent backing from Yu’s colleagues. The analyst consensus rates the stock a Moderate Buy based on 8 Buys and 5 Holds. However, at $65.28, the average price target suggests a modest 5% upside. (See Nio stock analysis on TipRanks)\n\n\n\n\n\nTo find good ideas for EV stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":386368205,"gmtCreate":1613138010107,"gmtModify":1704878785702,"author":{"id":"3568686161710404","authorId":"3568686161710404","name":"Nawei","avatar":"https://static.tigerbbs.com/a4249195881b9f83f8aad52e47c4f4f6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568686161710404","authorIdStr":"3568686161710404"},"htmlText":"To the moon!!&nbsp;","listText":"To the moon!!&nbsp;","text":"To the moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386368205","repostId":2110201023,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":388608269,"gmtCreate":1613052263151,"gmtModify":1704877810961,"author":{"id":"3569470570609804","authorId":"3569470570609804","name":"JGoh","avatar":"https://static.tigerbbs.com/32dcd0113e3723d8b06f671b31ffb590","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":9,"crmLevelSwitch":1,"idStr":"3569470570609804","authorIdStr":"3569470570609804"},"htmlText":"Shooting up $65","listText":"Shooting up $65","text":"Shooting up $65","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388608269","repostId":2110201023,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":388964961,"gmtCreate":1613011959653,"gmtModify":1704877365977,"author":{"id":"3573946633822005","authorId":"3573946633822005","name":"SunRay","avatar":"https://static.tigerbbs.com/1b46d354d181aa0ddbf3330eeb2ab729","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573946633822005","authorIdStr":"3573946633822005"},"htmlText":"Buyyyyy","listText":"Buyyyyy","text":"Buyyyyy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388964961","repostId":2110201023,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":3,"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":"4.29.1","shortVersion":"4.29.1","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/2110201023"}