NIO EV Delivery. Nov week #4. 2022 Q4 earnings looking gd !
EV policy registration 21 Nov to 27 Nov 2022
https://cnevpost.com/2022/11/29/china-nev-insurance-registrations-4th-week-of-nov/
Precursor : please read linked-article and form your own opinion first ok. Thanks.
As we head into the last month of December for Q4 2022, we have week #4 EV insurance registration by the respective EV makers in China.
Like previous postings, focus remains firmly on BYD, Tesla, NIO, Li Auto & Xpeng (in no particular order).
Let's see how things will turn out well for NIO on november 2022 week #4, shall we ?
China november week #4 insurance policy registrations
Very quickly :
- BYD. Still in pole position. Slight dip from week #3. Nonetheless still way ahead of other EVs - local and foreign.
- Tesla. Still in 2nd position. Slight gain from week #3. Also ahead of other EVs - local and foreign.
- Li Auto. Edged up from last week #8 position to current #5. Increased by > 1,300 more. Impressive.
- NIO. Held onto its position #7. +13% in EV registration from last week. Equivalent to additional +434 EVs.
- Xpeng. Maintained its position #15. +25% (approx) in EV registration from last week. Equivalent to additional +293 EVs.
Straight forward arithmetic projection on NIO Q4 2022 earnings fare:
.Above tabulation consists:
- Year 2021 total delivery - 91,429 EVs.
- Year 2022 jan to oct delivery - 259,563
- Year 2022 progressive delivery for Nov - 13,060
- Forecast for Dec (using 07 Nov data) - 15,620
- YoY (2021 & 2022) NIO's delivery - +315.26%.
If $NIO Inc.(NIO)$ could consistently deliver, 3,124 EVs weekly (now until end 2022), it would have delivered +315% more EVs than 2021.
Together with the awards & accolades won for NIO ET7 (see below); hope that it will translate to higher EV sales for NIO both in China and continent Europe :
- NIO ET7 won the Golden Steering Wheel award in Germany.
- NIO ET7 won the Danish - Auto Award Denmark in the Technological Frontrunner class.
- NIO ET7 received Five-Star Rating in Euro NCAP and Green NCAP Tests.
In order for NIO to end year 2022 with a BANG! {with only December left}, it needs to minimally maintain current sales.
If continent Europe could contribute to NIO's bottom line as "Buy" option is available since 21 Nov 2022, a wishful dream might just slipped through no ?
The solo headwind that might disrupt the dream would be ockdowns due to rising covid infection rate.
The recent "toned down" stance by the ruling party seemed to have calmed simmering tensions on the ground.
Do you think NIO will be able to end Year 2022 with a "bang" ?
With YTD's +21.71% price increase to $12.78, nothing is impossible in US market no ?
Share your view in the Comments section below ok. Thanks.
Please "Like" this post, please. Thanks. The rating is important to me.
Matching song ? Out Here On My Own by Irene Cara. Very beautiful ballad. Dunno ? YouTube it.
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.
Pls give a Like after reading ok. Tks tks