NIO
Nio Stock Charges Into June: New Flagship SUV Draws 17-Week Delivery Queue Just Days After Launch
Article Summary
HOLD- Nio Inc. (NASDAQ: NIO) rose 4% in premarket trading Monday after its U.S.-listed shares extended gains after the EV maker's new ES9 flagship SUV began generating four-month delivery queues, adding to momentum from its best sales month of the year and major customer milestone in China.
- The ES9 launched on May 27 and sits above the ES8 as Nio's new flagship six-seat SUV with prices starting at 498,000 yuan, with buyers facing delivery wait times of up to 17 weeks for two highest-priced trims.
- Nio delivered 37,705 vehicles across its Nio, Onvo and Firefly brands in May, marking its strongest monthly performance this year and surpassing 200,000 users in Zhejiang province, doubling its customer base.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 51.4% | 25% | 100.0 ptsExceptional (51.4%) - Hypergrowth |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 17.2% | 20% | 60.0 ptsModerate Upside (17.2%) - Target: $7.23 vs Current: $6.17 |
| Gross Margin % ? | 15.8% | 15% | 20.0 ptsThin (15.8%) - Low-margin business |
| Drawdown from 52-Wk High ? | -23.1% | 15% | 40.0 ptsMild Pullback (-23.1%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About NIO
- NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China, Europe, and internationally.
- It offers five and six-seater electric SUVs, as well as smart electric sedans.
- The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery-swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for power valet service.
- In addition, it provides repair, maintenance, car beauty, and inspection services through its service centers and authorized third-party service centers; vehicle transportation and delivery, pre-delivery inspections, guidance on vehicle features, assistance with vehicle registration, and insurance processing services; insurance, maintenance, repairs, accident rescue, car washing, chauffeur services, and valet parking services; and remote monitoring and real-time diagnostics services, as well as technical, warranty, and auto financing arrangements.
- Further, the company is involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of electric powertrains, battery packs, and components; and sales and after-sales management activities.
- Additionally, it operates in app NIO Auto Mall where users can select from various accessories and value added services; and online auction platform.
- The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017.
- NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.