Nio Once Renowned Hero!
$NIO Inc.(NIO)$
Kia ora Tigers,
Hope we all had a wonderful weekend... NIO has once again drawn the attention of its investors! The mood is moderate... However Nio 2024 Directions plans.
《Company Aims)
"NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users."
《NIO MASS-Market Launch Plan》 - NMMP - 😉
A Mass-Market brand called "Le Dao" aka Ovno (English) Unlike its previous focus on high-end SUVs and sedans, this new brand is aimed at the wider consumer market, particularly families. Nio established in 2014, has offered premium vehicles with additional services such as access to Nio Houses. However, its monthly car deliveries have yet to match the rapid growth of its competitors.
The company's mass-market brand is set to debut in the second quarter, with the first product launch expected in the third quarter and large-scale deliveries in the subsequent quarter. Another Chinese electric vehicle startup, Xpeng Inc (NYSE: XPEV), also plans to introduce a mass-market brand targeting the 150,000 yuan ($20,580)
Investors should brace for more volatility ahead, as EV companies navigate a tough macro environment that's only made more difficult
The successful launch and acceptance of Nio's mass-market EV brand can have a significant impact on the company's financial performance. If Nio gains traction in the mass market, it could lead to increased sales, improved operational efficiency, and potentially higher returns for investors.
Therefore, retail investors may consider this development as they assess the investment potential of Nio.
For the full year, deliveries rose around 31% from 2022, but its gross margin slumped to only 5.5% from 10.4% in the previous year.
Nio net loss surged almost 44% to $2.9 billion in 2023. Its stock plunged after the earnings report as investors became wary amid a slowdown in the global EV market.
Le Dao highlights the intensifying competition in the electric vehicle market, especially in China. Retail investors may find it important to stay informed about such developments as it can impact Nio's market share and overall success in a highly competitive industry.
The 2024 ET7 will be launched and begin taking orders in April. Deliveries of ET5 in April, and the ES7 in May.
《RLEASES Report - March》
NIO delivered 11,866 vehicles in March 2024, increasing by 14.3% year-over-year. The deliveries consisted of 6,737 premium smart electric SUVs, and 5,129 premium smart electric sedans.
* 11,866 vehicles in March 2024, increasing by 14.3% year-over-year
* 30,053 vehicles in the three months ended March 2024
"Cumulative deliveries of NIO vehicles reached 479,647 as of March 31, 2024"
Based on the most recent business update, the Company expects to deliver approximately 30,000 vehicles in the first quarter of 2024, revised from the previous outlook of 31,000 to 33,000 vehicles.
《SDS & SDR Guessing Game》
Low: $3.80 - PPS:$3.75 - SDS: $3.50
RSI: $3.10 (20%) - (30%) $3.95 "14 Day"
High: $7.05/$5.85 - SDR: $4.45 - PPR: $4.30
RSI: $6.85 (70%) - (80%) $9.35
Thank you Tigers!
for taking the time to: Like, Share or Comment on my content, My views is mine alone.. Information pulled/clipped from online researching.
My Perdictions/Guessing Games should not be taken in any form of advice.
Modify on 2024-04-17 09:59
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- koolgal·04-16TOPThanks for sharing your valuable insights on NIO. Best of luck 🍀🍀🍀🌈🌈🌈1Report
- lolmei·04-16TOPWah, this NIO update really got the Singapore Tigers buzzing!1Report