Investors have Tesla’s recent Model Y pricing in China to deal with. Although the average analyst price target is about $46 a share. The average Buy rating ratio for stocks in theįor NIO, 65% of analysts covering the company rate share Buy. More than 60% of analysts rate the three Chinese EV stocks-NIO, That article appeared in mid-December and the Chinese EV stocks, on average, trade about where they did back then.Īnalysts, for the most part, disagree with Barron’s. The gains have left the sector expensive and Barron’s recently wrote that Chinese EV stocks were too pricey for us. Tesla rose about 740% in 2020 and is now the world’s most valuable car company by a wide margin. EV stocks are definitely in a bull market. Then, often times, investors buy the dip. Stocks, often times, drop on good news in bull markets. NIO stock, after all, rose more than 1,100% in 2020. It can be hard to call the stock price reaction for highflying shares. Aspired by the spirit of ‘Always Forward,’ the theme of the upcoming NIO Day, we will continue investing in the smart EV technologies, accelerating our new products development, broadening our sales and service network, and striving for the best holistic experiences for our growing user community in 2021 and beyond.Despite the strong November number, NIO stock dropped more than 10% the day it was released. At the fourth NIO Day scheduled on January 9th, 2021, we will unveil our new sedan model and share the latest development of our autonomous driving and other core technologies. With the 100kWh battery pack offered as an option, the penetration of BaaS has reached over 40% among new orders in December, demonstrating its competitiveness and acceptance by our users. The innovative Battery as a Service (BaaS) model has shown popularity among our users since its launch. “These results are attributable to the growing recognition of our premium brand, the competitive and compelling products and services, the expanding sales network, and most importantly, the continuous support from our passionate and loyal user community. Against this backdrop, NIO has achieved consecutive record-highs along the way, and closed the year on a high note with a remarkable December deliveries of over 7,000 vehicles,” said William Bin Li, founder, chairman, and chief executive officer of NIO. “2020 has been a challenging year for the whole world. As of December 31, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 75,641 vehicles, of which 43,728 were delivered in 2020. NIO delivered 17,353 vehicles in the fourth quarter of 2020, representing an increase of 111.0% year-over-year and exceeding the higher end of the Company’s quarterly guidance. The deliveries consisted of 2,009 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, 2,493 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 2,505 EC6s, the Company’s 5-seater premium electric coupe SUV. NIO delivered 7,007 vehicles in December 2020, setting a new monthly record representing a strong 121.0% year-over-year growth. (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today provided its December, fourth quarter and full year 2020 delivery results.
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