NIO Inc.Long
China EV Market Weekly Update (W52)
In the final week of December, NIO delivered 6,500 units, marking a 20% increase compared to the previous week and 14% YoY growth. For December, NIO's total registrations reached 20,000 units, with the ES6 (EL6 in Europe) and ET5 models dominating sales. Additionally, Onvo, NIO's sub-brand, registered 4,200 units of its L60 SUV (+101% WoW), contributing to a December total of 9,405 units.
Key insights:
Tesla posted 18,600 registrations (+6% WoW). Model Y remains the top seller, but Model 3 is gaining traction.
BYD led the market with 72,100 registrations, though this was down 18% WoW and 6% YoY.
Xpeng and Zeekr hit record numbers, with 10,100 and 8,900 registrations, respectively.
📈 Despite mixed signals across the EV sector, NIO’s growth is a promising indicator of its resilience in a competitive market. The rise in Onvo’s L60 SUV registrations further highlights potential in NIO's multi-brand strategy.
I'm back in the game. I sold my entire position at 7.47 on September 30, and people thought I was crazy. Anyway, I recently bought back around 4.55. This stock is playing yo-yo with our nerves, haha.
Next target? Early March 2025 (Fibonacci time extension) for a gain between +25% and +45%. Good luck to everyone!
sorry for all the drawings, this is my personal chart.
Key insights:
Tesla posted 18,600 registrations (+6% WoW). Model Y remains the top seller, but Model 3 is gaining traction.
BYD led the market with 72,100 registrations, though this was down 18% WoW and 6% YoY.
Xpeng and Zeekr hit record numbers, with 10,100 and 8,900 registrations, respectively.
📈 Despite mixed signals across the EV sector, NIO’s growth is a promising indicator of its resilience in a competitive market. The rise in Onvo’s L60 SUV registrations further highlights potential in NIO's multi-brand strategy.
I'm back in the game. I sold my entire position at 7.47 on September 30, and people thought I was crazy. Anyway, I recently bought back around 4.55. This stock is playing yo-yo with our nerves, haha.
Next target? Early March 2025 (Fibonacci time extension) for a gain between +25% and +45%. Good luck to everyone!
sorry for all the drawings, this is my personal chart.
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