NIO Inc. (NIO) , XPeng Inc. (XPEV) and Li Auto (LI) , the three smart electric vehicle (EV) companies in China, recently provided their respective delivery results for November 2024.NIO delivered 20,575 vehicles in November 2024, rising 28.9% year over year. The deliveries comprise 15,493 units of the premium smart EV brand NIO and 5,082 units of ONVO, a family-oriented smart EV brand. As of Nov. 30, 2024, NIO’s cumulative deliveries stand at 640,426 units. XPeng’s Smart EV deliveries rose 54% year over yea ...

20,575 vehicles were delivered in November 2024, increasing by 28.9% year-over-year190,832 vehicles were delivered year-to-date in 2024, increasing by 34.4% year-over-year Cumulative deliveries reached 640,426 as of November 30, 2024   SHANGHAI, Dec. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its November 2024 delivery results. The Company delivered 20,575 vehic ...

The global electric vehicle (EV) market is becoming crowded, and Chinese EV makers are among the big reasons. While not yet profitable, Nio (NIO 1.62%) is one of those China-based companies ramping up production and exporting more and more of its high-tech EVs to Europe and elsewhere. Nio delivered a record 61,855 units in the third quarter and estimates it will have as many as 75,000 EV deliveries in the fourth quarter. But the stock has dropped by over 50% in 2024, and one Wall Street analyst thinks inves ...

Investment Rating - The report maintains a "Hold" rating for NIO Inc. with a target price of US$4.80, reflecting a slight downside potential of 1% from the current price of US$4.84 [2][14]. Core Insights - The report highlights that NIO's Q3 2024 losses remain challenging to improve, with new brand models facing margin pressures. Despite achieving a record delivery of 61,861 vehicles, revenue was impacted by product mix changes and promotional discounts, leading to a significant decline in average revenue per vehicle [2][9]. - The report notes that while the gross margin improved by 1 percentage point to 10.7% due to cost reductions and increased deliveries, operational expenses continued to rise, resulting in a net loss of RMB 51.4 billion for the quarter [2][9]. - The report anticipates that the introduction of new brands "Ledo" and "Firefly" will require NIO to achieve higher and more stable monthly delivery targets to maintain margins, especially in a competitive market [2][9]. Summary by Sections Financial Performance - NIO's Q3 2024 revenue was RMB 18.7 billion, a 2.1% year-over-year decline, while the gross profit was RMB 2.0 billion, reflecting a gross margin of 10.8% [5][9]. - The report indicates that R&D expenses were RMB 3.3 billion, and selling and administrative expenses were RMB 4.1 billion, contributing to a net loss of RMB 5.1 billion for the quarter [5][9]. Delivery and Sales Forecast - The report projects a downward adjustment in delivery forecasts for 2024 to approximately 220,887 vehicles, reflecting a 4.6% decrease due to increasing competition in the domestic EV market [9][10]. - For 2025 and 2026, the delivery estimates are adjusted to 318,300 and 365,300 vehicles, respectively, indicating a 6.6% and 6.5% reduction [9][10]. Revenue and Profitability Projections - The report revises revenue forecasts for 2024 to RMB 67.8 billion, a 4.7% decrease, with further reductions of 9.6% and 14.4% for 2025 and 2026 [10][14]. - The adjusted non-GAAP net losses for 2024, 2025, and 2026 are projected at RMB -188.4 billion, -187.1 billion, and -178.2 billion, respectively [9][10]. Valuation - The report employs a P/S valuation method, adjusting the valuation multiple to 0.8 times the 2025 P/S, primarily due to expected sales increases from new brand launches and improving gross margins [14][10]. - The target price remains at US$4.80, consistent with the "Hold" rating [14].

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Nio's (NIO -3.51%) management is excited about the launch of new brands, an inflection point in cash flow, and increases in sales.*Stock prices used were the afternoon prices of Nov. 23, 2024. The video was published on Nov. 25, 2024. ...

For Immediate ReleasesChicago, IL – November 26, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including NIO Inc. (NIO) , XPeng Inc. (XPEV) , Workhorse Group Inc. (WKHS) Tesla (TSLA) and Rivian (RIVN) .Here are highlights from Tuesday’s Analyst Blog:EV Roundup: Q3 Earnings Report EditionLast week, China’s el ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

When observing the global electric vehicle (EV) industry currently, depending on your angle, some investors would conclude there's a China problem. Chinese EV makers have been heavily subsidized by the government, which has given domestic automakers a significant advantage on developing EV technology and infrastructure, and at lower costs. It has forced the U.S. and Europe to impose significant tariffs on Chinese EV imports to help protect their own industries.That said, glancing at Nio's (NIO 2.98%) third- ...