NIO stock is heading for the moon!

snappyz
2024-09-11

$NIO Inc.(NIO)$ $NIO-SW(09866)$ NIO has the winning business model.

Battery swap, partnering with other car manufacturers, partnering with power companies to help stabilize the grid, making their AI "God" 5 nanometer chip for autonomous driving. Their own Sky OS operating system, super neat phone to work with their cars. I could go on and on.

Plus, their sub brand cars for the mass market will lead them to profitability. China is also making it mandatory next March that all EV"S will have to pass a battery checkup. NIO checks all batteries coming into their battery swap stations. Many of their battery swap stations are paid by their partners. NIO's popularity is growing. The government is paying tech companies to innovate. NIO still has 5.7 billion dollars in the bank.

NIO stock is heading for the moon!

XPEV, NIO & LI Earnings Out: Which One Is the Best Play?
NIO is still posting losses, with a Q3 net loss of ¥3.48 billion, though this marks a narrowing of over 30%. At the same time, the company’s overall gross margin reached 13.9%, the highest in three years, and both operating cash flow and free cash flow turned positive. This time, NIO not only expressed confidence in achieving profitability in Q4 but also set more ambitious targets, aiming for full-year profitability next year. Li Auto’s Q3 revenue fell 36% year over year, with a net loss of 624 million yuan. Its Q4 guidance came in nearly 30% below expectations.
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