Latest news with #EC6
Business Insider
2 days ago
- Automotive
- Business Insider
NIO Stock Soars after Slashing Long Range EV Prices to Counter Tesla's New Model Y L
Chinese EV maker Nio (NIO) has cut prices across its long-range vehicle lineup. The move comes in response to Tesla's (TSLA) launch of its new six-seat Model Y L SUV, ramping up the fight for market share in China's competitive EV market. Following the news, Nio stock rose 6% on Tuesday, as investors welcomed its price cuts and efforts to compete with Tesla. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Effective today, Nio reduced the cost of its 100-kWh long-range battery pack by 20,000 yuan ($2,780), from 128,000 yuan to 108,000 yuan. This led to a lower price of every Nio model equipped with the larger battery, including the ET5, ET7, EC6, and the flagship ET9 sedan. It must be noted that the ET5 and ET5 Touring saw the steepest cuts, dropping by 5.62% to start at 336,000 yuan. Other models, including the ES6, EC6, ET7, EC7, and ET9, also saw reductions ranging from 2.5% to 5.6%. Nio Offers Customer Incentives To ensure fairness for recent buyers, Nio is offering 20,000-yuan vouchers to customers who took delivery of a 100-kWh vehicle between January 1 and August 18. This voucher is also being offered to 'battery-as-a-service' (BaaS) customers who bought their long-range battery within the same period. Also, the permanent upgrade cost from a 75-kWh battery to a 100-kWh battery has been lowered from 58,000 yuan to 38,000 yuan, with a 20,000-yuan voucher for those who have already made the upgrade this year. Tesla's Model Y L Triggered This Move Nio's price cuts come on the same day Tesla launched its Model Y L. Starting at 339,000 yuan ($46,700), the Model Y L is about 8% more expensive than the standard Model Y and is scheduled for September delivery. The new Tesla model boasts a larger 82-kWh battery, all-wheel drive, and an estimated 327-mile range. It is designed to appeal to family buyers and directly competes with Nio's upcoming Onvo L90 SUV. While Nio aims to defend its position in China with price cuts, the EV maker is also accelerating its international push. Between 2025 and 2026, it plans to enter Singapore, Uzbekistan, and Costa Rica, partnering with local distributors to broaden its reach. Is Nio a Buy, Sell, or Hold? Overall, Wall Street has a Hold consensus rating on NIO stock, based on three Buys, seven Holds, and one Sell assigned in the last three months. The average NIO stock price target of $4.62 implies 9.41% downside potential from current levels.
Yahoo
10-07-2025
- Automotive
- Yahoo
NIO (NIO) Delivers 24,925 Vehicles in June 2025, Up 17.5% Year-Over-Year
NIO Inc. (NYSE:NIO) is . On July 1, 2025, NIO Inc. shared its latest car delivery numbers. In June, it sold 24,925 vehicles—17.5% more than the same time last year. These included cars from its main NIO brand, the family-friendly ONVO brand, and its smaller high-end brand FIREFLY. An engineer examining an electric vehicle design in a lab, showing the company's innovative battery systems. For the second quarter of 2025, NIO delivered 72,056 cars in total, up 25.6% year-over-year. By the end of June, the company had delivered 785,714 vehicles overall. NIO also received top rankings in the 2025 J.D. Power studies. Its ET5 and ET5T models were rated highest among mid-size electric cars, and the EC6 led the premium category. NIO has now maintained top-quality rankings in its class for seven consecutive years. NIO Inc. (NYSE:NIO) is a Chinese electric vehicle (EV) manufacturer. It designs, manufactures, and sells premium smart EVs. NIO also offers battery-swapping services, as well as home and mobile charging solutions and autonomous driving technologies. Its brands include NIO, ONVO, and Firefly, targeting different market segments. While we acknowledge the potential of NIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Nuclear Energy Stocks to Invest in for the Next Decade and 10 Best Healthcare Penny Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
06-06-2025
- Automotive
- Yahoo
NIO Expects Y/Y Rise in Q2 Deliveries: What are the Growth Agents?
NIO Inc. NIO introduced upgraded versions of four key models, the EC6, ES6, ET5, and ET5T, at the end of May and has recently started deliveries of all four. These models are expected to see their first full month of deliveries in June. On the strength of these new launches, NIO anticipates a year-over-year rise in both June and second-quarter deliveries. The company expects June deliveries in the range of 25,000 and 28,000 units, up from 21,209 units in the same month last year. For the second quarter, NIO expects to deliver between 72,000 and 75,000 vehicles, indicating a 25.5% to 30.7% year-over-year the first quarter of 2025, NIO delivered a total of 42,094 smart EVs, representing a 40.1% year-over-year increase. The deliveries include 27,313 units under the NIO brand and 14,781 from ONVO. Since the beginning of the second quarter, deliveries have gained momentum, driven by the initial rollout of the ET9 and FIREFLY models as well as strong demand for the ONVO L60. FIREFLY is a smart electric high-end small car brand for which deliveries started in late April. NIO carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks local competitors, Li Auto Inc. LI & XPeng Inc. XPEV, also expect year-over-year growth in second quarter deliveries. Li Auto expects its vehicle deliveries for the second quarter of 2025 to range between 123,000 and 128,000 units, indicating year-over-year growth of 13.3% to 17.9%. In the first quarter of 2025, the company delivered 92,864 units, up 15.5% compared to the same period last year. Over the past month, Li Auto has completed a full upgrade of its entire vehicle lineup, introducing updated versions across all expects to deliver around 102,000 and 108,000 vehicles in the second quarter of 2025, indicating year-over-year growth of approximately 237.7% to 257.5%. In the first quarter, XPeng delivered 94,008 units, up 330.8% from 21,821 vehicles delivered during the same period in 2024. NIO has underperformed the Zacks Automotive-Domestic industry year to date. NIO shares have lost 30.1% compared to the industry's growth of 4.1%. Image Source: Zacks Investment Research From a valuation perspective, NIO appears overvalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.81, higher than its industry's 0.50. Image Source: Zacks Investment Research The Zacks Consensus Estimate for 2025 and 2026 EPS has moved up 5 cents and declined by a penny, respectively, in the past seven days. Image Source: Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIO Inc. (NIO) : Free Stock Analysis Report Li Auto Inc. Sponsored ADR (LI) : Free Stock Analysis Report XPeng Inc. Sponsored ADR (XPEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
04-06-2025
- Automotive
- Yahoo
NIO Inc (NIO) Q1 2025 Earnings Call Highlights: Navigating Growth Amidst Challenges
Total Revenue: RMB12 billion, up 21.5% year-over-year, down 38.9% quarter-over-quarter. Vehicle Sales: RMB9.9 billion, up 18.6% year-over-year, down 43.1% quarter-over-quarter. Other Sales: RMB2.1 billion, up 37.2% year-over-year, down 5.9% quarter-over-quarter. Vehicle Margin: 10.2%, compared to 9.2% in Q1 last year and 13.1% last quarter. Overall Gross Margin: 7.6%, compared to 4.9% in Q1 last year and 11.7% last quarter. R&D Expenses: RMB3.2 billion, up 11.1% year-over-year, down 12.5% quarter-over-quarter. SG&A Expenses: RMB4.4 billion, up 46.8% year-over-year, down 9.8% quarter-over-quarter. Loss from Operations: RMB6.4 billion, up 19% year-over-year, up 6.4% quarter-over-quarter. Net Loss: RMB6.8 billion, increased year-over-year, decreased 5.1% quarter-over-quarter. Vehicle Deliveries: 42,094 units, up 4.1% year-over-year. Q2 Delivery Guidance: Between 72,000 and 35,000, representing 25.5% to 30.7% growth year-over-year. Warning! GuruFocus has detected 4 Warning Signs with NIO. Release Date: June 03, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NIO Inc (NYSE:NIO) delivered 42,094 smart EVs in Q1 2025, marking a 4.1% year-over-year increase. The company launched and delivered new models including the ES6, EC6, ET5, and ET5T, which are expected to drive significant growth in Q2. NIO Inc (NYSE:NIO) achieved year-over-year growth in both vehicle gross margin and overall gross margin due to cost reduction efforts. The NIO brand's ET9 surpassed BMW 7 Series and Audi A8 in China, marking a breakthrough for a Chinese brand in the premium executive segment. NIO Inc (NYSE:NIO) raised over HKD4 billion in a share offering in Hong Kong, attracting global long-term investors. Total revenues decreased 38.9% quarter-over-quarter, reflecting a seasonal impact on deliveries. Vehicle margin decreased to 10.2% from 13.1% in the previous quarter due to increased manufacturing costs per unit. The company reported a net loss of RMB6.8 billion, showing an increase year-over-year. R&D expenses increased 11.1% year-over-year, driven by new product development and increased personnel costs. SG&A expenses rose 46.8% year-over-year, primarily due to increased personnel costs and sales and marketing activities. Q: How does NIO plan to achieve its target of 30,000 monthly sales for the NIO brand by year-end, given the moderate sales increase guidance for Q2? A: Bin Li, CEO, explained that NIO expects to deliver 25,000 to 28,000 units in June. The company has launched new models like the ES6, EC6, ET5, and ET5T, which are expected to stabilize prices and improve vehicle gross margins by over 10% from the previous generation. NIO aims for a balance between sales volume and selling prices, with a target of 25,000 monthly deliveries for the NIO brand in Q4, representing a 20% year-over-year growth. Q: When will NIO see meaningful contributions from its cost reduction efforts, and can you quantify the expected improvements? A: Yu Qu, CFO, stated that since March, NIO has implemented cost control measures, focusing on short-term returns and efficiency improvements in R&D, logistics, and sales. The company aims for a 15% reduction in R&D expenses in Q2 and plans to control R&D expenses to RMB2-2.5 billion per quarter by Q4. SG&A expenses will be managed carefully, with a target to reduce them quarter-over-quarter and keep non-GAAP SG&A expenses within 10% of sales revenue by Q4. Q: What feedback has NIO received from users after launching the NIO World Model, and how does it compare to previous autonomous driving solutions? A: Bin Li, CEO, mentioned that the NIO World Model (NWM) has been well-received, offering significant improvements in active safety and smart driving experiences. The NWM provides better point-to-point smart driving and parking experiences, with features like automatic toll gate pass-through. The NWM-based version will be released on the NX1931 chip in late June, and ONVO products will also switch to in-house developed smart driving chips in the long term. Q: How does NIO plan to enhance the volume sales of the ONVO L60, and what are the expectations for the L80 and L90 models? A: Bin Li, CEO, explained that organizational and operational adjustments have been made to improve ONVO's sales, with L60 deliveries increasing by over 40% in May compared to April. The L60 has been a top-selling product in its segment, and the L90 will be launched in Q3, expected to be a game-changer in the large space SUV segment. By Q4, NIO aims for a monthly delivery of 25,000 units across the three ONVO models. Q: Can NIO achieve a breakeven in Q4, and what are the assumptions for this target? A: Bin Li, CEO, confirmed that NIO's internal operational target aligns with the assumptions mentioned: achieving over 50,000 monthly sales, a vehicle gross margin of 17-18%, and SG&A expenses within 10% of sales revenue. With improved sales volume, cost reductions, and efficiency improvements, NIO is confident in achieving breakeven in Q4. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Automotive
- Yahoo
NIO's May Deliveries Rise 13% Y/Y But Is That Good Enough?
Chinese electric vehicle (EV) maker NIO Inc. NIO delivered 23,231 vehicles in May, up 13.1% year over year. But the numbers tell a more mixed story on closer look. Deliveries were actually down from April's 23,900 units, and the May growth rate lagged April's 53% jump. The company now operates three EV brands: NIO, ONVO, and Firefly. The main NIO brand, which includes models like the ES6, ET5T, ES8, EC6, ES7, ET5, ET7, EP9, EVE, ET9, and EC7, saw deliveries drop 31% month over month to 13,270 units. That's a concern, given this lineup includes NIO's core premium offerings. Meanwhile, ONVO—NIO's mass-market brand—delivered 6,281 units, up 42% from April. Its first model, the L60 SUV, was launched last September and continues to be well received. Firefly, NIO's smaller premium EV brand, delivered 3,680 units in May, a sharp jump from just 230 in April when it began deliveries of its first model. ONVO and Firefly are gaining momentum, but their growth is seemingly coming at the cost of NIO's namesake brand. This raises concerns about how well NIO can manage and balance its brand portfolio. NIO has bold goals. It wants to double sales in 2025 from 221,970 units delivered last year. This translates into a monthly average run rate of 37,000 deliveries. Since the beginning of the year till May end, the company has delivered 89,225 vehicles—up 34.7% year over year, but still short of what's needed to hit that target. Li Auto LI delivered 40,856 units last month, up 16.7% year over year. The deliveries also improved from 33,939 vehicles sold in April. Not only did Li Auto's year-over-year growth rate in May come in better than NIO's but deliveries also rose month over month. Even in terms of absolute volumes, Li Auto fared better. Deliveries of the Li MEGA Home began in late May, with production ramping up quickly as orders have far surpassed expectations. XPeng Inc. XPEV delivered 33,525 smart EVs last month, marking a whopping 230% increase year over year. With that, XPeng's deliveries surpassed the 30,000 mark for the seventh straight month. However, the deliveries still declined from 35,045 units in April. On May 28, XPeng launched the MONA M03 Max. Shares of NIO have lost around 19% year to date compared with the industry's decline of 0.5%. Image Source: Zacks Investment Research From a valuation standpoint, NIO trades at a forward price-to-sales ratio of 0.46. It carries a Value Score of D. Image Source: Zacks Investment Research Take a look at how the Zacks Consensus Estimate for NIO's earnings has been revised over the past 90 days. Image Source: Zacks Investment Research NIO stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIO Inc. (NIO) : Free Stock Analysis Report Li Auto Inc. Sponsored ADR (LI) : Free Stock Analysis Report XPeng Inc. Sponsored ADR (XPEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
