Latest news with #ES6
Yahoo
7 hours ago
- 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
3 days ago
- 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
4 days ago
- 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
Business Insider
5 days ago
- Automotive
- Business Insider
NIO Is About to Report Q1 Earnings Tomorrow. Here Is What to Expect
Chinese automaker Nio Inc. (NIO) is set to report its first-quarter 2025 results on June 3, before the U.S. market opens. Wall Street analysts expect Nio to report a loss per share of $0.35 for Q1 versus a loss of 0.33 in the same quarter a year ago. Meanwhile, revenues are expected to grow by 26% from the year-ago quarter to $1.74 billion, according to data from the TipRanks Forecast page. Notably, Nio has a disappointing earnings history. The company has missed EPS estimates six times out of the last nine quarters. Confident Investing Starts Here: Ahead of the Q1 print, Morgan Stanley analyst Tim Hsiao maintained a Buy rating on Nio stock with a price target of $5.90 per share. Hsiao believes that Nio's recent rollout of the facelifted ET5 and ET5 Touring models, along with the updated versions of the ES6 and EC6 SUVs introduced on May 16, could enhance the company's competitive standing in China's electric vehicle market. On June 1, Nio delivered 23,231 vehicles in May 2025, marking a 13.1% increase year over year. This figure includes premium smart electric vehicles under the NIO brand, family-oriented vehicles from the ONVO brand, and smart high-end electric vehicles from FIREFLY. Year-to-date, NIO delivered 89,225 vehicles, achieving a 34.7% increase from 2024. As of May 31, the company's cumulative deliveries reached 760,789 units. Main Street Data, NIO delivered a record 72,689 vehicles, marking a 45.2% year-over-year increase. This achievement was driven by strong performance across its brands. Options Traders Anticipate a Large Move Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don't worry, the Options tool does this for you. Indeed, it currently says that options traders are expecting a 9.89% move in either direction. Is Nio a Buy, Sell, or Hold? Overall, Wall Street has a Hold consensus rating on NIO stock based two Buys, seven Holds, and one Sell assigned in the last three months. The average NIO stock price target of $5.07 implies 43.22% upside potential from current levels.
Yahoo
26-05-2025
- Automotive
- Yahoo
NIO vs. TSLA: Which EV Stock Has More Charge for the Future?
For years, Tesla TSLA has been the face of the electric vehicle (EV) revolution. Today, it's still a giant, with a staggering $1 trillion market cap and a growing focus on technology — from robotaxis to artificial intelligence. But the road ahead isn't as smooth as it once seemed. Rising competition, shifting political dynamics, and missed or delayed timelines have taken some shine off Tesla's once-unshakable dominance. On the other hand, there is NIO, Inc. NIO — often dubbed the 'Tesla of China'— which has been on its own wild ride. The company's market cap might be a fraction of Tesla's, at just over some $8 billion, and it's still not profitable. However, it operates in China, the world's largest and most EV-friendly market. And while challenges remain, NIO seems to be inching forward with a clearer focus and renewed energy. No doubt, Tesla is aiming big and positioning itself more like a tech powerhouse than just a carmaker. But NIO is also doubling down on the EV game in a supportive domestic environment. With U.S. President Trump's tough stance on EVs and shifting investor expectations, the race is far from over. Shares of both Tesla and NIO have declined year to date, underscoring the cautious mood around EV stocks. Image Source: Zacks Investment Research Let's delve into the key drivers and challenges to assess which stock deserves a spot in your portfolio now. NIO may be a small player compared to global giant Tesla, but the Chinese EV maker is stepping up its game. Its growing vehicle lineup — including models like the ES6, ET5T, ES8, ET9 — is helping the company expand its footprint in the competitive electric vehicle landscape. But NIO isn't relying solely on its namesake brand to drive future growth. It has launched two sub-brands — ONVO, which targets the mainstream EV market, and Firefly, aimed at smaller premium vehicles. ONVO's first model, the L60, is already on the roads and receiving positive feedback. Two more ONVO vehicles, the L90 and a yet-to-be-named model, are set to hit the market later this year, potentially widening NIO's customer base. Firefly's first model commenced deliveries last month. In the first quarter of 2025, NIO delivered over 42,000 vehicles — a 40% jump year over year. Management aims to double deliveries in 2025, powered by new models and broader brand reach. The company's signature battery swap technology remains a key differentiator, with more than 3,200 stations and a new partnership with battery giant CATL to expand the network further. Vehicle margins are improving. The metric rose steadily through 2024, reaching 13.1% in the second half, and NIO is aiming for a 20% margin this year for its core brand. Still, challenges remain. NIO reported a net loss of more than $3 billion in 2024, and while management targets breakeven by the fourth quarter of this year, intense price competition in China and high operating costs pose a risk to that goal. Rising SG&A expenses and a stretched balance sheet—with shrinking cash reserves and high debt—add further pressure. Despite these hurdles, NIO's innovation, expanding portfolio, and access to China's massive EV market offer compelling reasons to watch the stock closely. Take a look at the consensus estimates for NIO's bottom line in 2025 and 2026. Image Source: Zacks Investment Research Tesla's journey from EV pioneer to tech powerhouse has hit a bumpy patch. Once the undisputed leader of the EV race, the company is now grappling with slowing growth in its core business. Deliveries are down, competition is fiercer than ever, and Tesla's once-fresh lineup is beginning to show its age. In the first quarter of 2025, Tesla delivered 336,000 vehicles—a 13% year-over-year drop. Amid escalating global tariffs and rising uncertainty around its China operations, the company chose not to reaffirm its earlier forecast of modest growth for the year and said it would revisit its 2025 delivery targets in the second-quarter update. Complicating matters is the growing discomfort around CEO Elon Musk's political strides, which raised doubts about his focus on the company's core operations. Nonetheless, its energy generation and storage segment, while still small, is gaining momentum and delivering higher margins than the EV business. Financially, Tesla remains strong. It ended the first quarter of 2025 with a hefty $37 billion in cash and a low debt-to-capital ratio of just 7%, giving it room to fund future bets. And those bets are big. Tesla is preparing to launch its first robotaxi service in Austin by next month—a move that could mark the company's most meaningful step into full autonomy yet. It's also building out the Cybercab, a two-seater self-driving vehicle expected in 2026, and continues to develop Optimus, its humanoid robot. These ambitious projects could define Tesla's next era. But they also come with high execution risk. For now, the company's challenge is to steady its EV business while proving that its big ideas can turn into big results. Whether that comeback begins in 2025 is the question investors are asking. Take a look at the consensus estimates for TSLA's bottom line in 2025 and 2026. Image Source: Zacks Investment Research At this stage, neither NIO nor Tesla appears to be a compelling buy. But if you're choosing between the two, NIO looks like the better name to keep on your radar in the near term. NIO shows some promise with improving vehicle margins and an expanding brand portfolio, though it remains unprofitable and faces stiff competition and financial constraints. Investors would be wise to wait for NIO's upcoming quarterly results next week to assess whether it can maintain its delivery guidance and continue margin progress. Tesla, meanwhile, is betting big on future tech with its robotaxi rollout. But with shares already up 35% in a month—reflecting much of the hype—this may be an opportune time for existing investors to book profits. It's best to stay on the sidelines until Tesla's robotaxi launch proves it can meet expectations. Tesla currently carries a Zacks Rank #5 (Strong Sell), while NIO has 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 Tesla, Inc. (TSLA) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
