Latest news with #EVmarket
South China Morning Post
2 hours ago
- Automotive
- South China Morning Post
Tesla's bid to regain China market share, BYD outsells BMW in Hong Kong: 7 EV reads
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world's largest electric vehicle (EV) market amid increasing competition from domestic rivals. Global sales of electric and plug-in hybrid vehicles surged 24 per cent in June from a year earlier, driven by strong demand in China and Europe, while the US fell behind, according to the market research firm Rho Motion. A worker cleans a robotaxi in Shanghai. Photo: AP Driverless cabs in China could account for 6 per cent of the country's total taxi market, aided by advanced digital infrastructure and consumer willingness to embrace new technologies, according to HSBC.
Yahoo
8 hours ago
- Automotive
- Yahoo
Why Nio Stock Skyrocketed Today
Key Points Nio stock announced a new SUV line, and the news powered big gains for its stock today. Nio's ONVO L90 will debut with a normal model and a cheaper, battery-as-a-service model. The Chinese EV specialist looks cheap on a price-to-sales basis, but it's a risky play in the EV market. 10 stocks we like better than Nio › Nio (NYSE: NIO) stock rocketed higher in Tuesday's trading following the announcement of a new vehicle. The company's share price closed out the daily session up 11%, despite a 0.4% decline for the Nasdaq Composite index in the session. Nio's valuation surged today after the company announced its new three-row SUV model. With today's pop, the stock is now up roughly 15% across this year's trading. Nio stock surges on ONVO L90 SUV announcement Nio is rolling out its new ONVO L90 model for the Chinese market on Aug. 1. The vehicle will be rolled out at two price points -- a $39,000 complete model and a $27,000 battery-as-a-service model. The company's revenue increased 21.5% year over year in the first quarter, and investors are betting that the rollout of the company's new SUV will boost vehicle deliveries and allow the business to tap into high-margin service-based revenue streams. What's next for Nio? Despite the recent rally, Nio stock is still down roughly 76% over the last three years -- and the company is valued at just 90% of this year's expected revenue. Given that Tesla is currently trading at approximately 11 times this year's expected sales, Nio's price-to-sales ratio could look quite cheap at current levels. For starters, Nio has yet to shift into profitability. The stock also comes with some big geopolitical risk factors connected to the increasingly adversarial relations between the U.S. and China. Nio could wind up delivering big wins for investors if the business' deliveries continue to expand at recent rates, but it's a risky play. Do the experts think Nio is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Nio make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,055% vs. just 180% for the S&P — that is beating the market by 874.27%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $665,092!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,477!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Why Nio Stock Skyrocketed Today was originally published by The Motley Fool 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
10 hours ago
- Automotive
- Yahoo
6 Electric Vehicles To Avoid Buying This Year
As the internal combustion engine goes the way of the dodo, it's becoming clearer that electric cars are the future; there's no denying it. But are all electric cars made equal? As the electric SUV and sedan market continues to evolve, it seems some models are falling behind the curve. Read Next: Learn More: GOBankingRates spoke to automotive experts to learn more about the EVs you should steer clear of this year. 2025 Nissan Leaf MSRP: $29,280 to $37,330 Once a pioneer in the EV world, the Nissan Leaf's older electric motor and battery pack are now showing its age. Aivaras Grigelevicius, an automotive expert at carVertical, shared, 'There's nothing wrong with offering an EV at an affordable price, but affordability shouldn't come at the expense of better battery technology or faster charging speeds.' He also pointed out a big flaw: 'The Leaf still uses the outdated CHAdeMO charging port, which is being phased out from many charging stations nationwide.' Find Out: 2024 Jaguar I-Pace MSRP: $73,375 to $73,875 Despite being an all-power vehicle with stunning looks and regenerative braking, the Jaguar I-Pace is falling behind due to a lack of updates. In fact, the 2024 model is last release for this specific line. Grigelevicius explained, 'Jaguar's decision to neglect it and avoid substantial updates over the years has made it noncompetitive.' He added an important point for potential buyers: 'The biggest issue is Jaguar's choice to discontinue the I-Pace without a direct replacement, as the company shifts to the high-end, more expensive EV market in 2025. This radical transformation will likely impact the support for the I-Pace and other existing models.' 2025 Toyota bZ4X MSRP: $38,520 to $45,330 Toyota's entry into the EV market has been less than impressive. Grigelevicius didn't mince words. 'If anyone wants to see the attitude of one of the biggest companies in the world toward electric cars, the Toyota bZ4X is a prime example. It lacks innovation, features, refinement and a decent range. Even the charging speed is mediocre, and it just doesn't make any financial sense to buy one in 2025 or beyond unless Toyota makes dramatic improvements to the bZ4X.' 2025 Tesla Model X MSRP: $86,630 to $101,630 Chris Pyle, an auto expert at JustAnswer, raised concerns about the Model X's signature feature. 'There have been and still are concerns with those winged doors working right and sealing properly,' he said. He also shared a potential issue with its performance: 'The car has too much power, resulting in it being used up too often, and then the driver finds themselves running out of battery power sooner than expected.' 2025 Ford Mustang Mach-E MSRP: $39,990 to $57,990 Pyle suggested thinking twice before buying a Mach-E. 'Ford is still in the learning curve,' he said. 'This car did have a battery overheating concern, and it may still not be addressed fully.' He also humorously pointed out a social downside. 'As soon as you say electric Mustang, you are going to hear over and over this is not a Mustang at all, and hear about the Mustangs they used to and still own.' 2025 Rivian R1S MSRP: $78,450 to $107,700 While innovative, Rivian vehicles come with a potential financial risk. Pyle warned, 'If you ever scratch it or bend a body panel, especially on the bed, get ready to cry. I have seen plenty of fender benders where this vehicle was in excess of $20K to repair cosmetic parts only.' 2026 GMC Hummer EV MSRP: $99,095 to $107,195 Pyle is skeptical about one of the Hummer EV's touted features: 'Four-wheel steering. It was a […] flop the last time they tried it, and it will be again. More stuff to fail that is just not needed. It is a big SUV proving that you can tow or go off-road with an EV. How often will you be parallel parking and need four-wheel steering in those scenarios?' Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on 6 Electric Vehicles To Avoid Buying This Year
News.com.au
14 hours ago
- Automotive
- News.com.au
Huge change coming to Aussie roads
A new report forecasts that China will become Australia's largest source of vehicle imports within the next decade. The report, commissioned by the Australian Automotive Dealer Association and prepared by the Centre for International Economics (CIE), projects that by 2035, 43 per cent of all vehicles imported into Australia will be manufactured in China, up from 15 per cent in 2024 and virtually zero in 2020. MASSIVE SHIFT Australia's automotive landscape has dramatically shifted over the past decade with closures from multiple local manufacturing operations including Ford (2016), Holden (2017) and Toyota (2017). Since then, Australia has relied entirely on imports to meet demand for new cars, with 1.2 million vehicles sold annually – all sourced from overseas. China already dominates the local electric vehicle (EV) market, accounting for 65 per cent of Australia's Battery Electric Vehicle (BEV) imports last year. But the report reveals China's growth is not confined to BEVs, but exports of internal combustion engine (ICE) and diesel vehicles, especially light commercial vehicles and SUVs, have also risen. The report states China's rapid rise is a combination of several factors, including lower production cost, rising consumer demand for low-emission vehicles, and the Federal Government's New Vehicle Efficiency Standard (NVES), which came into effect on the 1st of July. The policy penalises high-emission vehicles and incentivises clear alternatives, and is expected to reshape the types of cars entering the Australian market. While most automotive exporting countries have seen rising manufacturing costs since 2017, vehicle prices from China have remained flat or declined. The Chinese government has also invested heavily in battery and EV technology, which has placed China at the forefront of manufacturing. Australia's appetite for Chinese brands is also growing, with emerging automakers like BYD, Zeekr, XPeng, GWM, and Chery gaining market share quickly. The AADA report also highlights China's rise as part of a broader transformation in Australia's car market, driven by the end of local manufacturing, changing consumer preferences and global trade trends. Previous import booms were led by Japan in the 1990s, South Korea in the early 2000s and Thailand in the late 2000s. But China's current growth is expected to outpace them all.
Globe and Mail
a day ago
- Automotive
- Globe and Mail
Should You Buy Nio Stock While It's Below $5?
Key Points Nio projects sales of 450,000 units this year, doubling its sales from last year. The company's unique battery-as-a-service offering enables quick battery swaps, addressing concerns about charging time and creating a recurring revenue stream. Nio faces fierce competition in China's electric vehicle market and has encountered challenges to international expansion, such as tariffs and duties on Chinese EVs. 10 stocks we like better than Nio › Nio (NYSE: NIO) is making huge strides. The Chinese automaker projects it will sell a staggering 450,000 units this year, more than double its sales from last year. With such explosive growth, investors may be wondering if it's time to get on board and invest in the automaker. While Nio is charging ahead in the electric vehicle race, it faces fierce competition in its home market and has to navigate the complex landscape of global geopolitical tensions. With the stock priced under $5 -- $4.47 at 9:30 a.m. ET on Monday -- is now the time to buy? Let's explore the business and investment opportunity ahead. Nio's sales growth has been excellent Nio continues to increase its vehicle deliveries and expand its market presence. Last year, the company achieved record deliveries of 221,970 vehicles, representing a 39% increase over the previous year. It recently reported sales of 72,056 units in the second quarter, representing a 26% increase from the same period last year. A unique aspect of Nio's business is its battery-as-a-service offering, which addresses a common concern for many electric vehicle (EV) drivers: charging time. With its battery swapping technology, at designated locations, Nio can replace a depleted battery with a fully charged one in just 3 to 5 minutes. With this system, customers pay less upfront cost when purchasing a vehicle, instead paying a fee over time, which provides Nio with a steady stream of recurring income. Analysts at Western Securities, a Chinese investment bank, believe that this segment of Nio's business could break even by 2026. It faces some serious headwinds The electric vehicle market is highly competitive, particularly in China, and Nio faces significant challenges in this environment. Analysts have noted that competition in China's battery electric vehicle sector is "fierce." This intense competition ultimately impacts Nio's ability to increase sales volume, maintain favorable pricing, and achieve profitability. In the first quarter, revenue fell short of estimates and missed the company's guidance. The decline was primarily attributed to lower selling prices and increased promotions aimed at clearing out the inventory of older Nio models, as well as a higher proportion of sales from the Onvo brand, which targets the "mainstream family market, ultimately impacting its profit margins. The manufacturer also faces several geopolitical headwinds. For instance, last year, the European Commission imposed duties on imports of battery electric vehicles (BEVs) from China, effective Oct. 30, 2024, for a period of five years. This decision was driven by concerns over substantial government subsidies that benefit Chinese EV makers. Additionally, former U.S. President Joe Biden raised tariffs on Chinese EVs to 100%, while current President Donald Trump announced additional tariffs on goods imported from China. Nio's cost-cutting efforts Another criticism of Nio lies in its growing losses. Since its inception, the company has consistently struggled to turn a profit due to its capital-intensive business model, which requires substantial investments in research and development, expansion of production capacity, and the establishment of its power and service networks. Last year, Nio reported a net loss of RMB 22,402 million (approximately $3 billion). In the first quarter of this year, the company's losses increased to RMB 6,750 million (approximately $930 million), representing a 30% rise compared to the same quarter last year. NIO Revenue (TTM) data by YCharts The company is taking steps to improve profitability. In the first quarter, its vehicle margin increased to 10.2%, up from 9.2% in the same period a year earlier. Nio has taken steps to control costs by reducing spending, including restructuring and improving efficiency across research and development, the supply chain, and sales and services. Goldman Sachs has upgraded the automaker to a neutral rating, citing the company's cost reduction efforts, and anticipates a 4%-10% improvement in profit levels over the next three years. Looking ahead, Nio CEO William Bin Li is optimistic about achieving profitability by the fourth quarter of 2025, thanks to the cost-cutting and restructuring initiatives. The company also projects doubling sales to 450,000, but Goldman analysts estimate sales could be closer to 337,000. Is Nio stock a buy? Nio is experiencing significant growth in China, with increasing deliveries and rising revenue. The company has a unique battery-as-a-service offering that differentiates it from competitors. However, it faces stiff competition in China along with headwinds from geopolitical trade tensions. The stock is currently trading at a 0.95 price-to-sales ratio. Investors who are optimistic about its long-term potential and willing to overlook geopolitical tensions and fierce competition may want to consider buying the stock at that price. That said, its ongoing unprofitability and vulnerability to external economic and political pressures are headwinds for the stock. Before making a purchase, I'd look for improvements in its efficiency, along with signs that it is capturing a growing market share in China and improving its bottom line. Until then, most investors are best off looking elsewhere. Should you invest $1,000 in Nio right now? Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nio wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
