SHENZHEN, CHINA - 2024/07/24: Customers leave the Chinese multinational automobile manufacturer, NIO ... [+] store and logo in Shenzhen, China. (Photo by Serene Lee/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesChinese luxury electric vehicle maker Nio stock published a narrower-than-expected loss for Q2. While sales almost doubled year-over-year to about $2.4 billion, net losses narrowed to $0.30 from $0.45 a year ago, led by strong delivery growth. Nio stock gained close ...

Jacobs Stock Photography Ltd/DigitalVision via Getty Images Last week, Chinese electric vehicle maker NIO (NYSE:NIO) reported its second quarter results. While the company missed Q2 revenue estimates, it did make some progress on the gross margin front, and guidance for the current quarter was decent. Things are starting to finally look up for the company after a couple of tough years, which has me raising my rating on the stock, but I'm not quite ready to fully buy in just yet. Previous coverage on the ...

The Chinese EV maker looks undervalued relative to its growth potential.Nio's (NIO 3.50%) stock surged 14% on Sept. 5 after the Chinese electric vehicle (EV) maker posted its second-quarter report. Its revenue rose 99% year over year to 17.45 billion yuan ($2.4 billion) but missed analysts' estimates by $40 million. It narrowed its adjusted net loss per American depositary share (ADS) from 3.28 yuan to 2.21 yuan ($0.30), which matched the consensus forecast.Nio didn't hit a home run, but its soaring deliver ...

Nio is increasing sales and vehicle margins as it readies its lower-priced brand for deliveries.Fool.com contributor Parkev Tatevosian elaborates on what the latest developments could mean for Nio (NIO 3.50%) stock investors. *Stock prices used were the afternoon prices of Sept. 4, 2024. The video was published on Sept. 6, 2024. ...

Rafmaster NIO Inc. (NYSE:NIO) reported results for its second fiscal quarter on Thursday that met expectations on EPS, but missed on revenues. Nonetheless, shares surged 14% on a strong outlook as well as an improving margin profile. The electric vehicle company currently delivers approximately 20,000 units per month to consumers, mostly in China, and continues to see strong revenue growth as well. The outlook for Q3'24 implies that the EV maker expects this production/delivery volume to hold in the near te ...

NIO Inc. (NIO) incurred a loss per American Depositary Share of 34 cents in the second quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of 46 cents. The company had reported a loss of 51 cents in the year-ago quarter.This China-based electric vehicle maker posted revenues of $2.40 billion, which beat the Zacks Consensus Estimate of $2.35 billion and rose 98.3% year over year due to higher delivery volumes.Key DetailsNIO delivered 57,373 vehicles in the second quarter, up 143.9% year ove ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying Nio stock? Here’s what analysts think: ...

6 Sep 2024 CMB International Global Markets | Equity Research | Company Update NIO Inc. (NIO US) New brands unlikely to help NIO break even Maintain HOLD. We are of the view that NIO's 2Q24 earnings were mixed as the QoQ rise in gross profit was offset by the increases in R&D and SG&A expenses. We project FY25/26 sales volume to surge 54%/23% YoY to 324,000/400,000 units, respectively, contributed by the Onvo and Firefly brands. However, we believe such top-line growth with GPM expansion is still far away f ...

6 Sep 2024 CMB International Global Markets | Equity Research | Company Update NIO Inc. (NIO US) New brands unlikely to help NIO break even Maintain HOLD. We are of the view that NIO's 2Q24 earnings were mixed as the QoQ rise in gross profit was offset by the increases in R&D and SG&A expenses. We project FY25/26 sales volume to surge 54%/23% YoY to 324,000/400,000 units, respectively, contributed by the Onvo and Firefly brands. However, we believe such top-line growth with GPM expansion is still far away f ...

Andy FengArticle Thesis NIO Inc. (NYSE:NIO) reported solid quarterly earnings results, which sent NIO's shares soaring on Thursday. We will take a look at NIO's compelling growth in sales volumes and its margin trajectory. NIO's results have implications for other companies as well, such as automobile manufacturers from Europe and the US that face increasing competition from Chinese EV players. What Happened? NIO Inc. reported its quarterly earnings results for its fiscal Q2 on Thursday morning. The hea ...