Latest news with #ONVO
Yahoo
5 days ago
- Automotive
- Yahoo
Macquarie Upgrades NIO (NIO) to Outperform on ONVO L90 SUV Launch
NIO Inc. (NYSE:NIO) is one of the best NYSE penny stocks to invest in now. On August 1, Macquarie upgraded NIO's rating from 'Neutral' to 'Outperform' and raised its 12-month price target on the company's U.S.-listed shares from $3.90 to $5.50. The decision came right after NIO launched the new ONVO L90 SUV, which Macquarie analysts described as a 'potential blockbuster' and possibly NIO's 'most competitive offering' to date. The L90 is a six-seat SUV priced at RMB 265,800 ($36,857). This pricing, the analysts noted, undercut rivals like Li Auto's L8 by 17% but offers similar features, and comes close to the price of Tesla's five-seat Model Y. The analysts highlighted the family-focused positioning of the L90, emphasizing space and usability over advanced tech. They see this as a key way for NIO to address its 'core problem of insufficient volume' in past sales. Macquarie projects monthly sales for the L90 could reach 8,000–12,000 units and describes the vehicle as a possible 'category killer' in its segment. As a result, the analysts raised their FY25 and FY26 NIO vehicle delivery forecasts by 7% and 10% respectively (to 347,000 and 500,000 vehicles). NIO Inc. (NYSE:NIO) is a Chinese electric vehicle manufacturer that designs, builds, and sells premium smart EVs, including the ET5, ET7, ES6, and EC7. It develops core technologies in-house while leveraging both self-owned and partner manufacturing capabilities. The company operates an expansive NIO Power network, comprising battery-swapping stations, fast chargers, service centers, and NIO House/NIO Space retail sites, to support delivery growth and energy subscription services. 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: 11 Best Low-Priced Stocks to Buy Right Now and 11 Best Canadian Gold Stocks to Buy According to Hedge Funds. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-08-2025
- Automotive
- Yahoo
Nio Inc. (NIO) umbles 8% as Slow July Deliveries Growth Disappoint
We recently published . NIO Inc. (NYSE:NIO) is one of the companies that stood stronger last week. Nio Inc. dropped its share prices by 8.18 percent on Monday to close at $4.6 apiece as investors soured on the slower growth in vehicle deliveries last month. In a statement on Friday, NIO Inc. (NYSE:NIO) said it delivered 21,017 vehicles last month, higher by 2.5 percent than the 20,498 in the same period last year, but was notably slower than the double-digit year-on-year growth in the past three months. Year-on-year, June deliveries were higher by 17 percent; May was up by 13 percent; while April increased by 53 percent. Copyright: zenstock / 123RF Stock Photo According to NIO Inc. (NYSE:NIO), July's deliveries consisted of 12,675 vehicles from NIO's premium smart electric vehicle brand NIO; 5,976 vehicles from the family-oriented smart electric vehicle brand ONVO; and 2,366 vehicles from the small smart high-end electric car brand Firefly. To date, the company has already delivered a cumulative total of 806,731 vehicles, of which the NIO brand accounted for 737,923, followed by the ONVO brand with 58,599, and Firefly with 10,209. While we acknowledge the potential of NIO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Business Times
04-08-2025
- Automotive
- Business Times
Nio's July deliveries rise 2.5% amid launch of smart large-space SUV
[SINGAPORE] Chinese electric vehicle maker Nio announced on Friday (Aug 1) after trading hours that it had delivered 21,017 vehicles in July, up around 2.5 per cent from 20,498 vehicles in the same month a year prior. This, however, is a month on month decline of nearly 15.7 per cent from 24,925 vehicle deliveries in June 2025. The group recorded 135,167 vehicle deliveries year to date in 2025, an increase of 25.2 per cent year on year. Of the company's July deliveries, 12,675 vehicles were from Nio's premium smart electric vehicle brand NIO; 5,976 vehicles from its family-oriented smart electric vehicle arm ONVO, and 2,366 vehicles from its small smart high-end electric car brand Firefly. The group's cumulative deliveries reached 806,731 as at Jul 31, 2025. This comes on the back of the launch of Nio's smart large-space flagship SUV, the ONVO L90, on Jul 31, with user deliveries starting shortly after. It was built with the evolving needs of large three-row SUV users in mind. The car is designed to be family-centric and offers two seat layouts: a six-seater and seven-seater, with prices starting at 265,800 yuan (S$47,525), or 179,800 yuan with a battery subscription option. Earlier in June 2025, Nio had reported a net loss of US$949.6 million for the first quarter of 2025 ended March, a 30.2 per cent deterioration from the same period a year before. This is despite the EV maker registering a higher total revenue for Q1, of around US$1.7 billion, an increase of 21.5 per cent from the same year-ago period, and a fall of 38.9 per cent from the previous quarter. Shares of Nio closed Friday 5.5 per cent or US$0.25 higher at US$4.79 before the news.
Yahoo
24-07-2025
- Automotive
- Yahoo
Will the ONVO L90's Fast Market Entry Boost NIO's Competitive Edge?
NIO Inc.'s NIO sub-brand ONVO, which focuses on the family vehicle segment, started offering test drives for its upcoming L90 flagship electric SUV in China on Wednesday. Nearly 600 L90 units became available for test drives at more than 400 Onvo showrooms across 140 has officially announced that the L90 will launch on July 31. This is the first time the company has disclosed a specific date. Pre-sales for the large all-electric SUV began on July 10, 2025, and the deliveries would start on Aug. 1, L90 is set to be one of the fastest-to-market models in NIO's lineup. The pre-sale price of L90 starts at RMB 279,900 with an 85-kWh battery. Under the Battery-as-a-Service rental option, the starting price is reduced to RMB 193,900. It is expected that the price may drop further upon official launch, a common practice in China's EV positioned as a value offering, the L90 comes equipped with high-end features such as 900V fast charging, an AR head-up display, adjustable air suspension, a built-in smart refrigerator and Level 2+ driver assistance systems powered by Nvidia's Orin-X chip. To keep costs down without compromising on quality, NIO leveraged existing platforms and powertrains in the L90's design. NIO carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Launches by NIO's Competitors Li Auto Inc. LI will unveil its electric SUV, the Li i8, on July 29. Li Auto started pre-sales for the model on July 17 with a starting price estimated between RMB 350,000 and RMB 400,000. With support for 5C fast charging, the vehicle significantly reduces downtime at charging stations. Although slightly more compact than NIO's ONVO L90, the i8 surpasses it in both battery capacity and Inc. XPEV officially launched the G7 earlier this month, its first all-new model of the year, at a competitive starting price of RMB 195,800. This represents a reduction from the initial pre-sale price of RMB 235,800 announced on June 11. XPeng G7 is offered in three configurations. The G7 is the first model to feature XPeng's proprietary Turing AI smart driving chip, which delivers up to 2,250 TOPS of computing power, the highest among electric vehicles currently on the market for intelligent driving systems. NIO's Price Performance, Valuation and Estimates NIO has outperformed the Zacks Automotive-Domestic industry year to date. NIO shares have gained 14.9% against the industry's decline of 7.2%. YTD Price Performance 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 0.66, higher than its industry's 0.45. Image Source: Zacks Investment Research EPS Estimates Revision The Zacks Consensus Estimate for 2025 EPS has moved up 16 cents in the past 60 days. The Zacks Consensus Estimate for 2026 EPS has moved down a penny in the past 30 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 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
23-07-2025
- Automotive
- Yahoo
NIO (NIO) Jumps 10.8% on New Vehicle Launch
We recently published . NIO Inc. (NYSE:NIO) is one of Tuesday's top performers. NIO Inc. rallied for a second day on Tuesday, jumping 10.84 percent to close at $5.01 apiece as investors cheered the upcoming launch of a new vehicle next week. On July 31, NIO Inc. (NYSE:NIO) is slated to unveil its vehicle L90, the second variant under its mass market sub-brand Onvo, to be followed by a five-seater L80 in the fourth quarter of the year. Meanwhile, a refreshed ES8 SUV will also be launched in late September. According to a report quoting NIO Inc. (NYSE:NIO) marketing head Pu Yang, the company will 'go full throttle' starting this week. Last month, NIO Inc. (NYSE:NIO) achieved a 17.5-percent increase in the number of vehicle deliveries last month, at 24,925. The deliveries consisted of 14,593 vehicles from the premium smart electric vehicle brand NIO; 6,400 from the family-oriented smart electric vehicle brand ONVO; and 3,932 from the small smart high-end electric car brand FIREFLY. A fleet of eco-friendly electric cars, a symbol of the company's commitment to sustainability. In the second quarter alone, NIO Inc. (NYSE:NIO) was able to deliver 72,056 vehicles, or an increase of 25.6 percent year-on-year. Cumulative deliveries reached 785,714 as of June 30, 2025. While we acknowledge the potential of NIO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . 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
