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    NIO   US62914V1061

NIO INC.

(NIO)
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Delayed Nyse  -  04:05 2022-08-16 pm EDT
20.91 USD   -1.83%
08/15NIO : The United Nations Development Programme and NIO have joined hands on the Clean Parks Project
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08/11Asian ADRs Climb Higher in Thursday Trading
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08/05NIO : Learn about the Northeast China Tiger and Leopard National Park's efforts to preserve the homeland of the Siberian Tiger
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NIO Shares Extend Losses as Chinese EV Maker Denies Short-Seller Report

06/29/2022 | 02:13am EDT

By Yongchang Chin


NIO Inc.'s shares in Hong Kong extended declines in afternoon trading after the company denied accounting allegations in a report by short seller Grizzly Research LLC.

The stock fell by as much as 10% to 167.80 Hong Kong dollars (US$21.38) on Wednesday and was recently 9.3% lower at HK$169.50.

Grizzly Research in its report said the Chinese electric-vehicle maker is playing "accounting games to inflate revenue and boost net income margins to meet targets."

In response, NIO said that the report is "without merit and contains numerous errors, unsupported speculations and misleading conclusions."

The Chinese EV maker also said it will make additional disclosures in due course and is considering an appropriate course of action to protect shareholders' interest.


Write to Yongchang Chin at yongchang.chin@wsj.com


(END) Dow Jones Newswires

06-29-22 0212ET

All news about NIO INC.
08/15NIO : The United Nations Development Programme and NIO have joined hands on the Clean Park..
PU
08/11Asian ADRs Climb Higher in Thursday Trading
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08/05NIO : Learn about the Northeast China Tiger and Leopard National Park's efforts to preserv..
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08/01NIO Plans Launching Lower-Priced Electric Vehicle Brand
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08/01NIO to Open First Hungarian Plant in September
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08/01Asian ADRs Move Lower in Monday Trading
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08/01NIO's EV Sales Surge 27% in July
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08/01Nio Reports 27% Rise in July Electric SUV, Sedan Deliveries
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08/01NIO : Provides July 2022 Delivery Update - Form 6-K
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08/01NIO Inc. Provides July 2022 Delivery Update
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Analyst Recommendations on NIO INC.
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Financials
Sales 2022 60 758 M 8 971 M 8 971 M
Net income 2022 -7 189 M -1 061 M -1 061 M
Net cash 2022 22 486 M 3 320 M 3 320 M
P/E ratio 2022 -31,9x
Yield 2022 -
Capitalization 238 B 35 197 M 35 197 M
EV / Sales 2022 3,55x
EV / Sales 2023 1,97x
Nbr of Employees 15 204
Free-Float 81,9%
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Technical analysis trends NIO INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 144,26 CNY
Average target price 227,03 CNY
Spread / Average Target 57,4%
EPS Revisions
Managers and Directors
Bin Li Chairman
Li Hong Qin President & Director
Wei Feng Chief Financial Officer
Ganesh V. Iyer Global Chief Information Officer
Hai Wu Independent Non-Executive Director
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