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NIO

NIO's Q3 Earnings Call: Here's Everything You Need to KnowThe company is considering IPO in Hong Kong. NIO reported its third-quarter earnings on Wednesday morning Beijing Time and held an analyst conference call afterward to address the most important concerns of investors. Here's a summary from CnEVPost, and there's also a live text of our transcript of the call at the end of the article. Vehicle Deliveries Current NIO deliveries are primarily affected by supply chain volatility and are expected to reach 23,500 to 25,500 units in the fourth quarter, said William Li, founder, chairman, and CEO of NIO. NIO's new orders continue to grow, with a record high of new orders in October, he said. Chip supply is now better than the worst of the third quarter, but still faces challenges. The good thing is that NIO has adapted to the situation and always finds some solutions when possible, Li said. Compared to the automotive industry as a whole, NIO has a relatively small share of sales, so it faces fewer difficulties compared to established car companies, he said. Many of NIO's domain controllers are developed by itself, so it has some advantages in finding alternative chips. Power battery giant CATL is trying to ensure the supply of batteries to NIO, but this is still the ceiling of NIO's delivery volume. The JAC NIO plant will have a few more upgrades to follow, but they won't have as big an impact as they did in October. New NIO models will be built in the new plant, and there will be a capacity creep, but it won't have an impact on the production of existing models, Li said. ET7 and New Models NIO plans to have the ET7 available in showrooms around the Chinese New Year, which comes on February 1, according to Li. The release of the ET7's assisted driving capabilities will be a long-term process, and NIO will consider a number of factors, including regulations, safety and reliability, and will not deliberately make demonstrations of autonomous driving. NIO's 150 kWh battery is moving forward on schedule, with availability scheduled for the fourth quarter of next year, and is still on track. Development of NIO's NAD hardware and software systems is well underway, and in addition to the ET7, development of two other new models based on the NT2.0 platform is on schedule, with deliveries to customers expected to begin in the second half of next year, Li said. With the growth in scale, NIO's long-term target for the margin of vehicles based on NT2 models is 25 percent. NIO will reach that goal if it reaches 300,000 units of annual production capacity. NIO's current models will be upgraded to the NT2 platform, but it will manage the pace carefully. The development work for the upgrade is already underway. Many of NIO's new models are being developed in parallel, and the costs will be reflected in the financial statements over time. NIO will offer some hardware upgrades to existing models next year when they become available. The company has considered the possibility of upgrades in the design of its products. New Plant and Capacity Growth In addition to the upgrade of the JAC NIO plant, the construction of NIO's second plant in NeoPark is proceeding on schedule. Construction of the plant started on April 29 and the main structure was topped out on August 26. Equipment installation will start at the end of November and the plant will be officially put into operation in the third quarter of next year. With the completion of NIO's second plant, the two plants can reach a maximum annual capacity of 600,000 units with double shifts, which can meet the needs in the short term. About Norway and European Expansion NIO's work in Norway has met expectations, with a quarter of the test drive customers placing orders, much more efficiently than in China. NIO ES8 orders in Norway exceeded expectations, with 92 percent of consumers choosing the battery rental service BaaS, Li said. NIO hopes to establish an after-sales service system in Norway before aggressively pushing sales. The company's low deliveries in Norway in September and October were not due to a lack of orders, but rather a controlled pace, and NIO's deliveries in Norway will increase significantly in November. NIO will enter at least five additional European countries next year, all offering NT2-based products. The ES8, based on the first-generation platform, will only be available in Norway. Regulatory Credits and Subsidy Withdrawal Most of NIO's sales of regulatory credits materialized in the third quarter, earlier than last year. Li said NEV penetration has risen quickly this year, as has the price of regulatory credits, and expects that next year the price of regulatory credits may be lower than it is now. In response to a question about China's subsidy rollback for NEVs, Li said the average selling price of NIO vehicles is high and the expected subsidy rollback won't have much of an impact on it. The following is the text of CnEVPost's live report of the conference call: NIO's new orders continue to grow, with a record high of new orders in October, said William Li, founder, chairman, and CEO of NIO. Current NIO deliveries are mainly affected by supply fluctuations, and total deliveries are expected to reach 23,500 to 25,500 units in the fourth quarter of 2021. Development of NIO's NAD hardware and software systems is well underway, and in addition to the ET7, development of two other new models based on the NT2.0 platform is on schedule for delivery to customers starting in the second half of next year, Li said. In addition to the upgrade of the JAC NIO plant, NIO's second plant in NeoPark will start installing equipment at the end of November and will be officially put into operation in the third quarter of next year, said Li. NIO ES8 orders in Norway exceeded expectations, with 92 percent of consumers opting for the company's battery rental service BaaS, Li said. The JAC NIO plant will have small amount of renovations to follow, but they won't have as big an impact as they did in October. New NIO models will be built in the new plant and there will be a capacity creep, but it won't have an impact on the production of existing models, Li said. Most of the sales of regulatory credits occurred in the third quarter, earlier than last year. With the growth in scale, NIO's long-term target for vehicle margin based on the NT2 platform is 25 percent. NIO plans to have the ET7 available in showrooms around Chinese New Year, which arrives on February 1, Li said. The current chip supply is better than the worst third quarter, but still faces challenges. The good thing is that NIO has adapted to the situation and always finds some solutions as much as possible. Compared to the whole automotive industry, NIO's sales account for a relatively small percentage, so the difficulties it faces are also relatively smaller than those of established car companies. Many domain controllers are developed by NIO itself, so it has some advantages in finding alternative chips. CATL is trying its best to ensure the supply of batteries to NIO, but it is still the ceiling of NIO's delivery volume. The average selling price of NIO vehicles is high, and the expected subsidy withdrawal will not have much impact on it. The release of ET7's assisted driving capability will be a long-term process, and NIO will consider a number of factors including regulations, safety, and reliability, and will not deliberately go for autonomous driving demonstrations. NIO's 150 kWh battery is advancing on schedule, with plans to deliver in the fourth quarter of next year, and is still on track. If NIO reaches an annual capacity of 300,000 vehicles, it will be able to achieve a 25% vehicle gross margin. NIO's current models will be upgraded to the NT2 platform, but NIO will manage the pace carefully. R&D work for the upgrade is already underway. NEV penetration has risen rapidly this year, as has the price of regulatory credits, and next year the price of regulatory credits may be lower than it is now. NIO's work in Norway has met expectations, with a quarter of the test drive users placing orders, much more efficiently than in China. NIO hopes to establish an after-sales service system in Norway before aggressively pushing sales. The company did not deliver much in Norway in September and October, not because there were not enough orders, but because it was controlling the pace. NIO's deliveries in Norway will increase significantly in November. NIO will enter at least five additional European countries next year, all offering NT2-based products. The ES8, based on the first-generation platform, will only be offered in Norway. Many of NIO's new models are being developed in parallel, and the costs will be reflected in the financial statements over time. With the completion of NIO's second plant, the two plants can reach a maximum annual capacity of 600,000 units with double shifts. NIO will offer some hardware upgrades to existing models next year when the time comes. The company has considered the possibility of upgrades in the design of its products. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:NIO
by EqualOcean
NIO Q3 Earnings: What to ExpectWill the chip shortage affect Nio's Q3 results? NIO will report unaudited third-quarter earnings on November 9 after the US market closes. So what can investors expect? NIO has already released data showing that it delivered 24,439 vehicles in the third quarter, up 100 percent year-on-year and 11.6 percent from the second quarter. Of those, 5,418 ES8s, 11,271 ES6s, and 7,750 EC6s were delivered. In a research note sent to investors on November 3, Deutsche Bank analyst Edison Yu's team said the delivery figures were largely in line with their latest forecast. The team expects NIO's revenue to be CNY 9.33 billion in the third quarter, representing a 106.1 percent year-on-year increase and a 10.4 percent increase from the second quarter. Yu's team expects NIO to report a gross margin of 17.0 percent in the third quarter and a vehicle margin of 18.6 percent. As a comparison, the company had a gross margin of 18.6 percent and a vehicle margin of 20.3 percent in the second quarter. The team attributed their lower gross margin forecast to higher depreciation amortization. Based on these figures, the team expects NIO to report a loss of CNY 0.82 per ADS in the third quarter. This compares with a figure of CNY 0.21 in the second quarter. For the fourth-quarter outlook, Yu's team expects NIO's management to likely give guidance of 24,000-25,000 deliveries, considering that October's downtime resulted in only 3,667 deliveries for the month. NIO's management has hinted that their order book has exceeded 10,000 units for several months in a row, so Yu's team expects NIO's deliveries in November and December to improve back to more than 10,000 units, and expects the company's guidance for fourth-quarter revenue may be in the CNY 9.5 billion-10 billion range. NIO has previously said it aims to deliver three models next year, including its flagship sedan ET7, Yu's team noted, adding that they don't think NIO's management will do a complete refresh of its current models next year, as it believes they can remain competitive with the most competing German luxury models with minor updates. Yu's team raised NIO's delivery forecast for next year from 150k to 160k and for 2023 from 245k to 285k. Based on the latest delivery forecast, the team raised its price target on NIO by USD10 to USD70, still based on 8x 2023E EV/sales. In a separate report sent to investors on November 4, Yu's team noted that NIO's stock has significantly underperformed its local peers over the past three months, but that could change soon. The team believes that there are 2-3 potential catalysts that could help change the narrative on the stock next. Here's what they say: 1) 3Q21 earnings on 11/9: management will provide 4Q guidance that shows large step-up in volume recovery for Nov/Dec and while official consensus is likely too high, we believe buy-side expectations have already been reset. 2) November monthly deliveries: likely reported on 12/1 and should confirm robust demand for existing models despite greater competition. 3) NIO Day: will be held on 12/18 and we expect new models/technology to be unveiled that should boost both investor and consumer sentiment. Notably, the team also cautioned that risks including further constraints from the supply chain, a sudden shift in EV investor sentiment and poor initial acceptance of new products could also invalidate these judgments. NIO shares are up about 10 percent so far this month and up about 20 percent in the past month. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:NIO
by EqualOcean
A review on top mentioned WSB plays..!In this analysis, I will try to cover 12 Top mentioned tickers on WSB Reddit for the coming week! Rank 1: TSLA: Elon Musk is going to sell, why shouldn't others do the same? Rank 2: SPY: correction is highly likely..! 2-5% Rank 3: CLF: After 17% correction in the past 2 weeks could benefit from the infrastructure passed bill..! (possible bullish move) Rank 4: GME: After getting out of consolidation reached the primary target and could go sideways for a while! Rank 5: NIO: This week has earning calls, and I do not know any reliable method to predict the outcome! Rank 6: QQQ: in premarket it is already negative! possible correction! Rank 7: NVDA: 300-312 will be the resistance level to watch! Rank 8: LCID: if manage to pass 44 could go to the 60-64 and become the 6 biggest Automaker above GM and Ford, seems absurd but possible! Rank 9: PLTR: This week's earnings will push it out of consolidation! Rank 10: PTON: after disappointing earnings and a 35% decline, it could even go lower to 50-49 level! Rank 11: IWM: small-caps has just got out of consolidation after 9 months! a pullback could be a possible scenario! Rank 12: PYPL: after a 27% decline, the earnings call this week could do anything to it. I do not know any reliable method to predict the outcome! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:PLTR
by Moshkelgosha
6
NIO bullish runAt this time NIO have it nice run and that run and end 5 Elliott wave price adjustment. Recently, a new wave has begun and it has already passed the first stage, when during the second stage the price will fall to level X, the price will fall by about 2-3.5 USD. The price will definitely come back from this level, as there were two GAP levels in the past, this would be the third time, and everyone is well aware that three are the most important in a technical analysis . So it will be a strong level of support, maybe even a price with RSI or a stochastic indicator will make a difference, and rising prices will create a HEAD AND PET, which would be a very nice and equitable price model with a huge impact on new price levels.
NYSE:NIO
by MantasJanusaitis
NIO - Strong positive trendAfter a year of shuffling and declining, from October 4th Are in the period of climbing. Resistance at 45 and 54 is critical Modifications have been made to the plant so that it can produce at higher speeds, in addition to new models on the way, new orders. Another plant is under construction. And next week a quarterly report that could surprise + NIO DAY ... I believe we will return to the price of the beginning of year 67 and from there towards $ 100 in early 2022
NYSE:NIOLong
by shaygottlib
NIO Flag on the week chart.So recently NIO was thrown on the drawing board... After peaking at $66.99 in January, the market has cooled down a bit and has found support around $30 2-3 times, all of which has caused a pennant to form which would imply that there is a chance of 75% is that this continuation pattern could push the price further up. The upward price target would come in at a good $75. This 100% price target is not what I'm assuming and my focus is initially on surpassing the previously achieved $66.99. in the event of a fall, the price could plunge towards $25 dollars. Looking at the 12H chart there seems to be a head and shoulder pattern in the making. Of course this is speculation but one thing is a fact... we are getting closer and closer to the apex (the point where the support and resistance lines cross) and so there is a good chance that something will eventually happen there. If it doesn't become Head and Shoulder and the bulls want to bring the market up straight away, you could say that an Extended W pattern has formed If the bears push the price down, things could get tense at the bottom of the support line. Final words, we have to look forward to November 16, as NIO will then release the 3rd quarter results. Nice to know is that at the beginning of October, NIO delivered 10,628 vehicles worldwide in September 2021, an all-time record number, representing a robust growth of 125.7% year-on-year. and on September 30, 2021, NIO opened its NIO House and completed its first batch of vehicle deliveries in Norway. And those are some pretty nice numbers too. NIO delivered 24,439 vehicles in the three months to September 2021, an increase of 100.2% year-on-year. and cumulative deliveries of the ES8, ES6 and EC6 as of September 30, 2021 reached 142,036 This is not financial advice! source: motleyfool.com & tipranks.com COMBI CHART date 29 oktober ! 12H CHART:
NYSE:NIO
by Tims.Technische.Analyse.
NIO weekly charts, Logarithmic and None-LogarithmicIn both charts, you can easily see NIO is still below the resistance (red) line! A correction in Speculative assets with high volatility may look like a new bullish trend. Recently, the production slips 65% according to news! NIO reported a horrible month, delivering less than 3,700 vehicles in October. In September, NIO had delivered 10,628 vehicles. I do not think this type of news could push stocks higher in a long term..! However, in a few days, anything is possible in the market! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:NIO
by Moshkelgosha
6
NIO: Added Over 10k Orders in Oct, No Chip Shortage for OctNIO said in an announcement on its website yesterday that it delivered 3,667 vehicles in October, including 218 ES8s, 2,528 ES6s and 921 EC6s. That delivery volume fell 27 percent year-on-year and was 65.5 percent lower than in September. After a short explanation of the dip in October deliveries on the NIO App yesterday, NIO co-founder and president Qin Lihong gave more details in an interview. NIO's factory in Hefei ran at full capacity for only 10 days in October, so deliveries were low, but sales in October were excellent and reached a record high, local auto media Chedongxi said, citing an interview with Qin today. Qin said he could not disclose the number of new orders, but said "it's definitely over 10,000, and we've been over 10,000 for several months in a row." Chedongxi reports that their visits to NIO stores also confirm Qin's claims. A salesperson at an NIO store in Beijing's Wukesong said the store sold more than 100 units in October, a good month for the year. "Because loan rates are going to be raised in November, 1,400 cars were sold across Beijing on October 31 alone," the salesperson said. The company attributed this to lower production volumes due to production line restructuring and upgrades and preparations for new product introductions between September 28 and October 15, as well as certain supply chain fluctuations, but did not provide more details. In the latest interview, Qin said NIO began a revamp of the JAC NIO manufacturing site in April and May this year to allow the ET7 to be produced and delivered in the first quarter of next year and to expand the plant's capacity. The renovation was carried out in several phases so as not to affect the production of NIO's existing models, with the latest upgrade, which began at the end of September, being a very important phase, Qin said. One of the tasks was the expansion of the body welding line, with more than 100 new robots alone. "After the equipment goes in and is commissioned, there's another week of complementing the line and capacity creep," Qin said. As some car companies continue to blame the chip shortage for the decline in deliveries, Qin was also asked by Chedongxi if the decline in NIO deliveries was related to that, and Qin answered in the negative. NIO's factory was open for just 10 days, and that little production wasn't enough to be affected by the chip shortage, he said. Separately, according to Beijing News, Qin said NIO's current production pace is normal and orders in the clog will soon be cleared. Consumers who order NIO vehicles now can get deliveries in six weeks at most, Qin said, adding that NIO deliveries will get back on track in November and December. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:NIO
by EqualOcean
$RMO grab it before its hot*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been analyzing lithium-ion battery company $RMO for the past couple of months waiting for the right opportunity enter this battered down gem. Today was that day. My team anticipates players who are interested in $RMO to begin adding while shares are still cheap for a nice run-up into earnings. We entered $RMO today at $4.45 per share and have set our first take profit at $5.25. This would be a percentage change of %18. Earnings are expected to be released on 11/14/21. This date is subject to change. ENTRY: $4.45 TAKE PROFIT 1: $5.25 TAKE PROFIT 2: $7.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
RLong
by SimplyShowMeTheMoney
5
NIO: Doing some very good (and technical) movements.Hello traders and investors! Let’s see how NIO is doing today! Today’s movement was quite intense, as NIO opened lower at $ 38.14, below the black line at $ 38.55 (previous support), but it immediately recovered and now it is flying. It may look like we have a Head and Shoulders chart pattern, however, the pattern wasn’t triggered, and the bias is still slightly bullish. It is interesting to notice that the $ 38.55 is a nice support level, not only because it was a previous support in the 1h chart, but because it is the 21 ema area in the daily chart too, making it a Dual-Support level. In the daily chart, NIO is doing higher highs/lows since it found its bottom in the beginning of last month. Yesterday, we hit the 21 ema in the daily chart and it is bouncing back up, as usual. Today’s sign indicates to us that NIO is still bullish, and it is just seeking the $ 46.36 area again, after it retested its Dual-Support level. So far, the situation is under control. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Also, support this idea if you liked it! Have a good day, Nathan
NYSE:NIO
by Nathan_The_Finance_Hydra
6
$NIO | WEEKLY WATCHLIST 11/1After an extremely frustrating and long corrective phase, I believe we are nearing the end of this. Looking for a dip to complete the wave 2 retracement and a very buyable zone from $35-37 as long as it holds. I see this as a major bottom and wave 3 to proceed with minimum target at $48.57. I still hold 2023 calls and will continue adding on dips (including this one if it plays out). My long term view of NIO is quite bullish and I believe it is lagging quite a bit against the rest of the EV sector. Don't be surprised to see this at new ATHs in 2022.
NYSE:NIOLong
by StonksSociety
1