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Can NIO Meet 250,000 EVs Target By End 2023?

@JC888
$NIO Inc.(NIO)$ has released its official EV deliveries for June 2023 and Q2 2023. For June 2023, it delivered 10,707 EVs including the new models ES6, ET5 Touring and ES8. For Q2 2023, it delivered 23,520 EVs in total. NIO's EV delivery 2020 - 2023 If you look carefully, June delivery is not NIO “best” output capacity. In Feb 2023, NIO delivered 12,157 EVs, that is +13.54% more than June’s. Still rejoicing? Guessed not. Market however, seemed to have lap the “good” news. Just look at NIO’s Mon, 03 Jul 2023 stock performance (see below). More importantly, Will NIO stock price continue to “recover” in July, 2023? Will NIO be able to meet its revised 2023 delivery goal of 250,000 EVs? (see below). Bloomberg news - 22 Mar 2023 The revision was announced by NIO, Chief Financial Officer, Mr Steven Feng on 22 Mar 2023.. “We are very confident to achieve our sales target in 2023“, he said in his Bloomberg television interview. This would be +104.10% increase from its 2022 delivery of 122,486 EVs. Supposedly, NIO will achieve this (a) with new models, (b) expansion of NIO’s charging and battery-swapping network, and (c) unlocking autonomous driving technologies. However, NIO’s CEO Mr Li Bin has said recently that the 250,000 EVs target was never cast-in-stone. If that is true, what then is NIO’s total deliverables for 2023? Just hope the company could be upfront instead of beating around the bush. Assume - 250,000 EVs is NIO's 2023 Target Since there is no formal correction announced, let’s assume NIO’s target delivery remains at 250,000 EV. With that, I have done up a simple calculation (see below). Monthly deliveries for Jan to Jun 2023 have been plugged in. The 250,000 target has been parameterized. YTD deliveries is 55,479 EVs. This leaves NIO to deliver the outstanding 194,521 EVs in the remaining 6 months. This works out to a monthly delivery of approx. 32,420 EVs. Based on Q1 2023 delivery of 31,041 EVs, there is a “slim” chance that NIO might be able to meet the goal; provided demand remains “healthy”. Although never stated officially, I believe NIO’s poor delivery in April & May was due to demand being “hijacked” by Tesla, Li Auto and other EV makers who have slashed their prices. Could refer to Tesla’s latest delivery press release out on 01 Jul 2023 for confirmation. Do you think NIO is a lost cause? Do you think NIO will ever breakeven and turn profitable? Please give a “LIKe”, “Share” & “Re-post” ok. Thanks! Rating is very important (to me) Do consider “Follow me” to read firsthand my daily new posts? Thanks! @TigerPM @TigerStars @Tiger_SG @Daily_Discussion @TigerEvents
Can NIO Meet 250,000 EVs Target By End 2023?

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