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NIO Surge 12% On Q2 2024 Financial ResultsKey Highlights - Nio cuts losses while setting a new record for vehicle deliveries in Q2. - Deliveries jumped 143.9% year-over-year, and vehicle sales surged 118.2%. - Nio’s Q3 guidance beats forecasts, showcasing resilience in a competitive EV market. Overview Nio, one of China’s leading electric vehicle (EV) manufacturers, continues to demonstrate remarkable resilience in the face of market challenges. The company set a new record for vehicle deliveries in Q2, with 57,373 units delivered—a 143.9% year-over-year increase. Vehicle sales grew by 118.2% to 15.68 billion yuan, showcasing the company’s ability to scale production and meet growing consumer demand. Despite ongoing industry-wide pressures, Nio ( NYSE:NIO ) managed to reduce its Q2 losses to 5.05 billion yuan ($694.4 million), a 16.7% improvement from the previous year. The company’s gross margin expanded significantly from 1.0% a year ago to 9.7%, driven by vehicle margin improvements, which nearly doubled to 12.2%. This indicates a stronger control over production costs and a focus on high-margin segments, especially in premium electric vehicles priced above 300,000 yuan ($42,327), where Nio commands over 40% market share. Forward Outlook and Strategic Positioning Founder and CEO William Bin Li emphasized Nio’s strong market positioning, highlighting their expectation for Q3 deliveries to reach another all-time high of between 61,000 to 63,000 units. This bullish outlook shows Nio’s continuous expansion efforts, including the launch of new models and enhancements in battery technology. The company’s projected Q3 revenue range of 19.11 billion yuan to 19.67 billion yuan further underlines its growth trajectory, surpassing analysts’ expectations. With a robust cash position of 41.6 billion yuan ($5.7 billion) as of June 30, 2024, Nio is well-equipped to invest in research, development, and further scaling its production capabilities. This financial stability provides a buffer against potential market volatility, including ongoing tariff and regulatory pressures from global markets. Technical Analysis From a technical standpoint, Nio's stock (NYSE: NYSE:NIO ) has shown encouraging signs of recovery after a prolonged decline. The stock recently traded up 3.30% at $4.38 premarket, rebounding slightly from its 50% year-to-date drop. The recent surge in Nio’s ADRs suggests growing investor confidence, driven by the company’s strong Q2 performance and optimistic Q3 outlook. The stock price is testing its 50-day moving average, a critical resistance level that, if breached, could signal a bullish reversal. With momentum indicators like the Relative Strength Index (RSI) showing a climb from oversold territory, Nio’s shares could be positioned for further upside if delivery and revenue growth trends continue. Moreover, the volume of call options has increased, suggesting that traders are positioning for upward movement in the stock, particularly as Nio continues to solidify its market share in the premium EV segment. If the stock manages to break above the psychological $5.00 mark, it could trigger additional buying interest, supported by improved sentiment around China’s stimulus measures and consumer demand recovery. Conclusion Nio’s impressive Q2 performance, coupled with a strong forward outlook, positions the company as a formidable player in the global EV market. While broader industry challenges persist, Nio’s ability to cut losses, achieve record deliveries, and expand margins reflects sound management and strategic foresight. As Nio continues to navigate market complexities and execute its growth strategy, investors may find renewed optimism in the company’s long-term potential, bolstered by both fundamental strength and technical recovery signals. Nio’s journey may still face bumps along the road, but its recent achievements suggest that the company is on track to emerge stronger, setting a solid foundation for future success in the rapidly evolving EV landscape.
NYSE:NIO
by DEXWireNews
5
NIO Stock Price Tests the 4.2 LevelNIO Stock Price Tests the 4.2 Level For many months, the share price of the Chinese automaker NIO has been moving within a downward channel (shown in red), driven by the company’s ongoing struggle to achieve profitability. From a technical analysis perspective, this week has provided a discouraging signal for investors – the 4.2 level, which acted as support in June and July before being broken in early August, has now been tested: → On the 19th, the price rose on a narrow candle (a sign of buyer uncertainty); → On the 20th, the price fell on a wide candle (a sign of seller confidence); → This suggests that the 4.2 level has likely switched from support to resistance. This opens the door for the price to move towards the year’s low, around the 3.650 level. From a fundamental perspective, NIO investors have reasons for optimism: → For the first time in the company’s history, monthly vehicle deliveries have remained above 20,000 units; → NIO, which positions itself as a premium brand, plans to launch a budget sub-brand called ONVO, which will offer more affordable vehicles – according to Seeking Alpha, the first L60 model cars could be sold as early as September, with 60,000 pre-orders already placed (indicating strong demand). → The company is optimistic about 2025. NIO’s Q2 earnings report, due on 24 September, could be a turning point for the stock, which currently shows signs of weakness. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:NIO
by FXOpen
1
$NIO - Bullish Dragon / Double bottomReal nice example of a bullish dragon setup here on NIO with the first higher low in a while here. A return to the top of the local range from here would confirm the double bottom. Typically youd expect to see a partial decline to come in from there before an attempt to break higher. If the top of the range is tested a second time, itd confirm the partial decline, and statistically favor a break out. The measured move should take you you up to about 9 or 10 but the real trade here could take you above the dragon into the common retracement zone a degree higher, 11, 15, 20. Im not a fan of the company at all, but if theres an opportunity to make money here, the market will surely delivery you a story to support funds taking interest and rallying it with some of the other EV's like TSLA and RIVN.
NYSE:NIOLong
by TradingNomadic
1
NIO Q2 Performance signals potential reversal of long bear trendNIO Q2 Performance signals potential reversal of a 3-year bear trend. NIO Inc. has been in a prolonged bear trend for the past three years, with its stock price consistently pressured by the unfavorable CNY/USD exchange rate, a factor that has affected many Chinese stocks in the global market. However, despite a challenging Q1 2024 that initially appeared weak, there are underlying positive developments that could indicate a potential trend reversal. Key factors: Challenging Q1 2024 with hidden strengths. While NIO's Q1 financials initially seemed discouraging, a deeper analysis reveals several positive aspects. The quarter saw NIO transitioning between product lines, with existing products being sold out as new ones were introduced. This transition, combined with strategic price reductions, temporarily impacted vehicle margins. However, material costs have decreased, and significant cost-saving measures, including reduced R&D expenditures, have led to a substantial savings of over $500 million USD. Record Sales in Q2. NIO's Q2 2024 performance has been a standout, with sales figures reaching record highs. The company has reported a staggering year-over-year (YoY) growth of 143%, demonstrating strong market demand and effective scaling of its operations. This growth trajectory is particularly significant as it coincides with the rollout of NIO's new model, the Onvo, which is positioned to directly compete with the Tesla Model Y. The CNY/USD exchange rate has been a significant headwind for NIO, with a strong dollar placing additional pressure on Chinese stocks in global markets. However, recent economic developments in the United States could signal a shift in this dynamic. Falling inflation rates, coupled with rising unemployment, are creating expectations that the U.S. Federal Reserve might implement a more aggressive rate cut in September than previously anticipated, potentially as much as 0.50%.
NYSE:NIOLong
by Cryptovicci
NIO - big picture viewPossible count for a finished corrective at an interesting price point. Now, the only issue here is the impulse count of the last C-wave. There is a slight overlap between the 1 and the 4, but it is just a slight overlap and the end of the 1 there is a sizeable wick, so I would allow that. The wave 5 here could also not be finished yet, but that's often difficult to tell on the last waves. Still, since the overlap is there, there are secondary alternatives to consider: The impulse isn't finished yet overall: And if we consider this to be a 3-wave move to the downside, we could get something like this: or even more up and down chaos like this: Should it make new lows There is an open gap at 4.70$ and the macro POC around 4$
NYSE:NIOLong
by TophatPandaMagician
6
Nio contractionNio is a position I likely wouldnt hold long term as the company is not profitable and I usually avoid china like the plague. I do however find interest in this as TSLA heats up and the stock has been ranging. I drew new daily fibs from a semi-recent swing high. The stock is basing around 4.3 and there is an obvious general resistive area I drew with the red line. This is the first real attempt to take an EMA in a while and I think the pivot is to follow after this stochastic RSI resets a bit. -I look for another bounce around 4.3$ -My strategy is to sell 4.5$ puts like I did last Friday on the really red days -If I am assigned I will sell covered calls to exit and repeat
NYSE:NIOLong
by Apollo_21mil
Long NIO @4.55 (very short term trade)This is a very short term momentum change trade - not my normal overbought situation. I'm hoping to be out of the trade at the end of the day if the stock is up from my entry price. Will NOT add more lots if the price falls. The idea is to buy on the momentum change and hold until profitable or the momentum swings back to negative (latter scenario = loss). This is most often a 1 day trade. With NIO in the last 12M here's the results: 8-1 record biggest loss = -6.8% biggest win = +5.8% Avg gain = +1.5% Median = +1.6% Those may not seem like big gains but remember they are 1 day trades and the capital is then freed up for other ideas. All trades using this on NIO in the last 12 months were 1 day trades except for this one I entered today. The swing was 2 trading days ago but I missed it but the price today was below that so I went long. Will update upon exiting the position.
NYSE:NIOLong
by redwingcoach