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    NIO   US62914V1061

NIO INC.

(NIO)
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China's Geely to set up 5,000 battery swapping stations by 2025

09/26/2021 | 05:00am EDT
The Geely logo is seen at a car dealership in Shanghai

BEIJING (Reuters) - China's Geely aims to set up 5,000 battery swapping stations for electric vehicles (EV) globally by 2025, as sales grow in the world's biggest vehicle market, the automaker said in a statement on Sunday.

A battery swapping station allows drivers to change car batteries to power the rides. Chinese automaker Nio Inc plans to have 4,000 battery swapping stations globally by 2025.

China is promoting EV-related infrastructure facilities, including charging stations and battery swapping stations.

(Reporting by Yilei Sun and Brenda Goh; Editing by Clarence Fernandez)


ę Reuters 2021
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Analyst Recommendations on NIO INC.
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Financials
Sales 2021 36 294 M 5 684 M 5 684 M
Net income 2021 -6 061 M -949 M -949 M
Net cash 2021 26 064 M 4 082 M 4 082 M
P/E ratio 2021 -64,2x
Yield 2021 -
Capitalization 423 B 66 316 M 66 293 M
EV / Sales 2021 10,9x
EV / Sales 2022 6,54x
Nbr of Employees 7 763
Free-Float 70,6%
Chart NIO INC.
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NIO Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends NIO INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 21
Last Close Price 258,32 CNY
Average target price 393,22 CNY
Spread / Average Target 52,2%
EPS Revisions
Managers and Directors
Bin Li Chairman & Chief Executive Officer
Li Hong Qin President & Director
Feng Wei Zhang Chief Financial Officer
Ganesh V. Iyer Chief Information Officer
Hai Wu Independent Director
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