Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  NIO Limited    NIO

NIO LIMITED

(NIO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

NIO : November Deliveries Achieve Another Record High Doubled Year-over-Year for 8 Consecutive Months

12/02/2020 | 05:59pm EST

According to the November delivery update released on December 1, NIO delivered 5,291 vehicles in November. Since October, the deliveries have held above 5,000 units with a fourth record high in a row and have doubled year-over-year for eight consecutive months since April.

Notably, the deliveries included 1,518 EC6s, the company's smart electric coupe SUV, up by 71.9% month-over-month. The EC6 has become an iconic model in the premium coupe SUV segment. Meanwhile, the Battery as a Service (BaaS) and battery upgrade plans have made car purchasing decisions easier, met users' needs under multiple travel scenarios, and dramatically strengthened NIO's competitiveness against ICE vehicles. BaaS subscription has gone up 35% of the total newly placed orders in November, demonstrating that the market has accepted this innovative business model. Furthermore, NIO has already launched the next round of production ramp-up. The estimation of the supply chain-wide production capacity will reach 7,500 units per month by next January, to address the delivery demands coming from the increasing number of orders.

NIO delivered 36,721 vehicles in the first eleven months of 2020, representing a year-over-year increase of 111.1%. Cumulative deliveries of the ES8, ES6, and EC6 reached 68,634 vehicles since June 2018. As of November 30, NIO has opened 189 points of sales nationwide, including 22 NIO Houses and 167 NIO Spaces. The sales network has covered 111 cities across the country.

Disclaimer

Nio Inc. published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 22:58:01 UTC


© Publicnow 2020
All news about NIO LIMITED
10:09aNIO : Jefferies Starts Nio at Hold with $60 Price Target
MT
09:32aNIO : Thinking about trading options or stock in Alibaba, General Electric, Astr..
PR
07:40aNIO : Current Report by Foreign Issuer (SEC Filing - 6-K)
PU
04:00aNIO Inc. Announces Closing of US$1.5 Billion Convertible Senior Notes
GL
01/18TESLA : Starts Delivering China-Made Model Y Crossover -- Update
DJ
01/18TESLA : Starts Delivering China-Made Model Y Crossover
DJ
01/14Asian ADRs Soar Higher in Thursday Trading
MT
01/13NIO : Thinking about trading options or stock in Nio, Ford Motor, Johnson & John..
PR
01/13NIO : Prices $1.3 Billion Offering of Convertible Senior Notes
MT
01/13NIO Inc. Prices Offering of US$1.3 Billion Convertible Senior Notes
GL
More news
Financials
Sales 2020 15 857 M 2 448 M 2 448 M
Net income 2020 -5 174 M -799 M -799 M
Net cash 2020 10 850 M 1 675 M 1 675 M
P/E ratio 2020 -100x
Yield 2020 -
Capitalization 592 B 91 321 M 91 321 M
EV / Sales 2020 36,6x
EV / Sales 2021 19,4x
Nbr of Employees 7 442
Free-Float 65,3%
Chart NIO LIMITED
Duration : Period :
NIO Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NIO LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 349,80 CNY
Last Close Price 378,56 CNY
Spread / Highest target 71,2%
Spread / Average Target -7,60%
Spread / Lowest Target -76,2%
EPS Revisions
Managers and Directors
NameTitle
Bin Li Chairman & Chief Executive Officer
Li Hong Qin President & Director
Feng Wei Zhang Chief Financial Officer
Ganesh V. Iyer Chief Information Officer
Hai Wu Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
NIO LIMITED19.90%87 930
TESLA, INC.17.07%783 118
TOYOTA MOTOR CORPORATION-3.13%205 920
VOLKSWAGEN AG-0.80%97 279
BYD COMPANY LIMITED15.16%89 694
DAIMLER AG-1.94%73 222