Quarterly Total Revenues reached RMB17,103.2 million (US$2,408.9 million)iQuarterly Vehicle Deliveries were 50,045 units Full Year Total Revenues reached RMB55,617.9 million (US$7,833.6 million) Full Year Vehicle Deliveries were 160,038 units SHANGHAI, China, March 05, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the fourth quart ...

Fool.com contributor Parkev Tatevosian evaluates Nio (NIO -6.66%) stock and answers whether the decrease in price is a buying opportunity for long-term investors.*Stock prices used were the afternoon prices of March 1, 2024. The video was published on March 3, 2024.  ...

Financial Performance - Quarterly total revenues reached RMB 17,103.2 million (US$ 2,408.9 million), a 6.5% increase year-over-year but a 10.3% decrease quarter-over-quarter[1][4][22] - Full year total revenues were RMB 55,617.9 million (US$ 7,833.6 million), representing a 12.9% increase from the previous year[9][10][22] - Vehicle sales for Q4 2023 were RMB 15,438.7 million (US$ 2,174.5 million), a 4.6% increase year-over-year but an 11.3% decrease quarter-over-quarter[4][22] - Vehicle sales for the full year of 2023 were RMB 49,257.3 million (US$ 6,937.7 million), representing an increase of 8.2% from the previous year[23] - Other sales for the full year of 2023 were RMB 6,360.7 million (US$ 895.9 million), representing an increase of 69.1% from the previous year[23] - Total revenues for the year ended December 31, 2023, reached RMB 55,617,933, an increase from RMB 49,268,561 in 2022, representing a growth of approximately 12.5%[56] Vehicle Deliveries - Vehicle deliveries for Q4 2023 were 50,045 units, a 25.0% increase from Q4 2022 but a 9.7% decrease from Q3 2023[2][3] - Cumulative vehicle deliveries reached 467,781 as of February 29, 2024, with 10,055 vehicles delivered in January and 8,132 in February 2024[13] - The company expects deliveries of vehicles in Q1 2024 to be between 31,000 and 33,000 vehicles, representing a decrease of approximately 0.1% to an increase of approximately 6.3% from the same quarter of 2023[39] Profitability and Loss - Gross profit for Q4 2023 was RMB 1,279.2 million (US$ 180.2 million), a 105.7% increase year-over-year but a 16.0% decrease quarter-over-quarter[5][22] - Gross profit for the full year of 2023 was RMB 3,051.8 million (US$ 429.8 million), representing a decrease of 40.7% from the previous year[25] - Gross margin for the full year of 2023 was 5.5%, compared with 10.4% for the full year of 2022[26] - Net loss for Q4 2023 was RMB 5,367.7 million (US$ 756.0 million), a 7.2% decrease year-over-year but a 17.8% increase quarter-over-quarter[6][10] - Net loss for the full year of 2023 was RMB 20,719.8 million (US$ 2,918.3 million), compared with a net loss of RMB 14,437.1 million in 2022[34] - Total net loss for Q4 2023 was RMB 5,367,745, compared to RMB 4,556,724 in Q3 2023, reflecting an increase in losses[58] - Net loss attributable to ordinary shareholders for Q4 2023 was RMB 5,592,773, up from RMB 4,628,629 in Q3 2023[58] - Total net loss for the year ended December 31, 2023, was RMB 20,719,753, compared to RMB 14,437,104 in 2022[62] Expenses - Research and development expenses for the full year of 2023 were RMB 13,431.4 million (US$ 1,891.8 million), representing an increase of 23.9% from the previous year[29] - Selling, general and administrative expenses for the year ended December 31, 2023, were RMB 12,884,556, compared to RMB 10,537,119 in 2022, indicating a rise of about 22.3%[56] - Total cost of sales for the year ended December 31, 2023, was RMB 52,566,137, compared to RMB 44,124,568 in 2022[61] Cash and Assets - As of December 31, 2023, the balance of cash and cash equivalents, restricted cash, short-term investment, and long-term time deposits was RMB 57.3 billion (US$ 8.1 billion)[37] - Total current assets increased from RMB 59,149,752 thousand in 2022 to RMB 70,380,233 thousand in 2023, representing a growth of approximately 19.5%[52] - Cash and cash equivalents rose significantly from RMB 19,887,575 thousand in 2022 to RMB 32,935,111 thousand in 2023, an increase of about 65.3%[52] - Total assets grew from RMB 96,263,925 thousand in 2022 to RMB 117,383,202 thousand in 2023, reflecting an increase of approximately 22.0%[52] - Total liabilities increased from RMB 68,617,165 thousand in 2022 to RMB 87,787,186 thousand in 2023, marking a rise of about 27.9%[52] - Total shareholders' equity rose from RMB 24,089,539 thousand in 2022 to RMB 25,735,632 thousand in 2023, an increase of approximately 6.8%[53] Strategic Developments - NIO launched the ET9, a smart electric executive flagship, on December 23, 2023, showcasing advanced technologies[14][20] - NIO secured a US$ 2.2 billion strategic equity investment from CYVN, enhancing its competitive positioning in the smart EV market[16][21] - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth[60]

Key PointsNio stock could be next in line for mega investors to start looking into as a potential value play.Analysts are already behind it, pointing to a higher valuation ahead, and it makes all the sense in the world.Here is what to watch out for this week as earnings are announced.5 stocks we like better than BYDToday's market avoids Chinese stocks because the nation is "uninvestable." However, those who know where to look and what to look for may find some unbelievable value plays scattered across Asia' ...

NIO Inc. (NIO) closed at $5.78 in the latest trading session, marking a +0.52% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.8%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq added 1.14%.Prior to today's trading, shares of the company had gained 0.7% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 11.46% and the S&P 500's gain of 5.2% in that time.Market participants will be closely following the financial results of NIO ...

While Chinese electric vehicle manufacturer Nio (NYSE:NIO) has long been in the spotlight, its upcoming financial disclosure — scheduled for March 5 — presents an unusually intense backdrop. After a string of poor performances by its EV peers, the fourth-quarter 2023 earnings report will provide a broader view of the sector. NIO stock moved up more than 1.5% on Friday afternoon.To provide background, Nio reported delivery numbers for February, which came out to 8,132 vehicles. This tally brings its year-to- ...

NIO Inc. (NIO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +0.7% over the past month versus the Zacks S&P 500 composite's +5.2% change. The Zacks Automotive - Foreign industry, to which NIO Inc. belongs, has gained 20.7% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or rumors a ...

NIO Inc. (NIO) is slated to release fourth-quarter 2023 results on Mar 5, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at 51 cents and $2.29 billion, respectively.The consensus estimate for NIO’s loss per share has widened by a penny in the past 60 days. Its bottom line has remained unchanged from the year-ago reported number. Revenues indicate a year-over-year decline of 1.86%.In the last reported quarter, the company incurred a los ...

NIO delivered 8,132 vehicles in February 2024NIO delivered 18,187 vehicles year-to-date in 2024Cumulative deliveries of NIO vehicles reached 467,781 as of February 29, 2024 SHANGHAI, China, March 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its February 2024 delivery results. NIO delivered 8,132 vehicles in February 2024. The deliveries consisted of 4,765 premiu ...

My stance on Chinese EV maker Nio (NYSE:NIO) stock has changed, and I now see more relative upside for the company’s competitors, looking at this space more broadly. However, there are reasons investors may consider this stock an excellent long-term play in this market. I was once bullish on Nio, and I can understand the bull argument behind this stock. In fact, I think many of the bullish arguments supporting holding this stock at current levels still make sense, for investors looking to hold for the very ...