Now everyone can contribute. This thread is dedicated for our NIOtime gang to post any nio related news from the time being. We would pick and cover some of them in weekly issues with our commentary.
On December 21, Weilai officially released a mysterious message: "What does 14.5200 represent on a must-do route in this life? I invite you to decipher it tomorrow. On December 22, Weilai officially announced that Weilai had successfully opened the first road of The country's Sichuan-Tibet fast-charging station. From Chengdu to Mount Everest base camp, 14 Weilai 20-kW fast-charging stations are arranged along the way. The total journey is over 2,900 kilometers and it is easy to reach the camp Mount Everest base at an elevation of 5,200 meters. Explore a wider world with the “Direct Mount Everest Fast Charging Line.” It is understood that this fast charging lane provides charging services to all homeowners of electric vehicles.
"NIO Inc. — often dubbed as Tesla of China — is fast emerging as a rising star in the EV sector. The Chinese start-up car manufacturer is a relatively younger entrant in the EV space, racing to become a leader in the design and manufacture of EVs. Rising demand for ES6 and ES8 models are boosting this Shanghai-based company’s growth prospects. Moreover, the company recently launched the EC6 model, a coupe-style smart electric SUV, thereby facilitating its efforts in the EV space. The company has also rolled out a Battery as a Service (BaaS) subscription model that lets owners deal with charging needs by simply having a fresh battery pack installed in a matter of minutes. This one-of-its kind battery swap technology provides the company an edge over its rivals. Reportedly, the company delivered 5,291 vehicles in November, marking a year-on-year surge of 109%. This Zacks Rank #3 firm has had an amazing run on the courses lately, skyrocketing 1,733.3% over the past year."
“Battery exchange plans can help cut the upfront cost of owning an electric car by about 20 per cent, slashing the retail price of a NIO ES6 sports-utility vehicle from 358,000 yuan to 287,000 yuan plus a monthly battery leasing fee of 980 yuan“
I was speaking with someone recently about NIO’s December delivery numbers. Knowing that NIO has added a 2nd shift for the month of December, coupled with the fact that the stated wait time by NIO for vehicles is still 4-8 weeks (depending on the model), whatever vehicles they produce in December will not be delivered until January or February, 2021. Based on the above, we can assume vehicles manufactured in October are just being delivered now. NIO was only producing 5K vehicles or so in October, and, the factory was closed for a week due to festival holidays, which means they are likely not able to deliver more than that number in December. Based on this, I am not too confident that we are looking at 6K-7K deliveries this month in order to meet expectations of 16,000-17,500 vehicles for Q4.
Moving forward, I AM confident of a nice increase in delivery numbers starting as early as February and potentially as early as January (as well as higher numbers throughout 2021), but again, based on manufacturing numbers that we know of, coupled with the wait time of deliveries, I am not sure about reaching December or Q4 expected delivery numbers. If they do reach these numbers, the math just doesn’t work out based on the above, and some type of explanation would be needed (at least for me), to justify how NIO got above such delivery numbers for December…any thoughts?
“Chinese carmaker NIO is competing for a share of the EV services market, launching a completely new concept: Battery as a Service. With this concept, NIO is eyeing to have an edge over rivals such as Tesla by cutting the upfront purchase cost of its vehicles, as quoted on oilprice.com. With the battery-as-a-service model, customers can purchase just the vehicle shell, while they can pay rental fees for the battery.“
December 25, 1:14 a.m. NIO said on social media that it has signed a framework cooperation agreement with the State Grid Electric Vehicle Service Company (the world's largest utility) to expand the charging infrastructure and that it would jointly build 100 battery charging stations and exchange stations across the country in 2021.
On the eve of NIO DAY, ..., ....... NIO will launch the 150 kwh battery, the first ET7 sedan, the NT 2.0 autonomous driving platform and the second generation power plant. The second-generation power plant service capabilities will be more than three times that of the first generation 'At the same time, NIO is also actively building a closed-loop business model, and used car services will be the' latest piece of the puzzle ”. According to Qin Lihong, on January 3, the Weilai User Center will launch a new used car system. On the technical side, NIO will also invest 15 billion yuan in the research and development of a new generation of autonomous driving technology, human-computer interaction and intelligence, as well as in the arrangement of the replacement of second generation of electrical equipment.
There were lots of news updates today for NIO. Below is an article that encapsulates pretty much all of today's good news, in one shot. More to come, from NIO Day on 1/9/21 - GL to all longs!!
“Nio and Sinopec have reached a strategic collaboration agreement, and the 1st second-generation swap station will be officially launched at the Beijing Sinopec gas station on April 15”.
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results
Mon, March 1, 2021, 5:00 PM
NIO did well financially (financials are in the link below)!!
Expected deliveries for Q1 2021 are 20,000-20,500 (February is historically low due to Chinese holidays; February 2021 was 5,578). More to come from the conference call this evening!!
William Li, founder, chairman, and CEO of NIO, and the company's president Qin Lihong recently visited fossil fuel energy giant China Petrochemical Corp (Sinopec Group), according to pictures circulating on the Internet.
Local media reported that they discussed the development trend of the electric vehicle industry, charging and battery swap facilities construction, and high-end synthetic materials.
On February 14, Sinopec Chairman Zhang Yuzhuo visited one of NIO’s battery swap stations, for which Qin gave a briefing on the construction and operation of the battery swap station, and they agreed to meet each other after the Chinese New Year to work together to promote the industry's development.
Zhang also had a brief chat with an NIO owner who was there for a battery swap, according to an article posted by NIO’s Vice President of Power Management Shen Fei in the NIO App on February 14.
The article did not reveal more details, but it is worth noting that the NIO’s battery swap station is next to a Sinopec gas station.
Sinopec, with a registered capital of RMB 326.5 billion, is China's largest supplier of refined oil products and petrochemicals, the second-largest oil, and gas producer, and the world's number one refining company and third-largest chemical company.
Sinopec has more than 30,000 gas stations, ranking second in the world. It ranked No. 2 on the 2019 Fortune 500 list of the world's largest companies.
A potential groundbreaking event!! If they partner, it would be HUGE!!
“Nio's battery swapping stations at Sinopec's gas stations?
Sinopec (China Petroleum & Chemical Corporation) is a fossil fuel energy giant (ranked #2 on the 2019 Fortune 500) with 30,000+ gas stations across China, but apparently electric vehicles are the future.
Nio's Battery as a Service (BaaS) business model has been highly successful in China and there's no question Nio will need to build more and more battery swap stations.
Partnership between Nio and Sinopec sounds like a natural next step for Nio to utilize the existing infrastructure of Sinopec, and for Sinopec to be part of the future.
You don't get the chairman of Sinopec and president of Nio to meet at a Nio battery swap station next to a Sinopec gas station during the Chinese New Year holiday for no reason.”
Why Is NIO Spending $850 Million to Buy Shares of Its Subsidiary?
John Rosevear, The Motley Fool
Thu, February 4, 2021
"The upshot: Once these transactions close, NIO will own 90.360% of NIO China.
Is this bullish?
I think so. For American investors, owning 90% of NIO China is better than owning 86% (or 76%), because NIO China is most of the company's business right now. NIO is giving up some capital to do that, but it's capital that NIO can afford to spend."
NIO to build 'world-class' smart EV industrial park in Hefei
February 4, 2021 By: Phate Zhang
NIO announced on Thursday that it entered into an agreement with the municipal government of Hefei, Anhui province, where NIO China's headquarters is located, to jointly build a “world-class” smart electric vehicle industrial campus.
"A Chinese competitor most folks have never heard of was already showing up Elon Musk’s EV juggernaut.
"Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the one grabbing headlines in the United States, with over 700% gains in 2020…A Chinese competitor most folks have never heard of was already showing up Elon Musk’s EV juggernaut. Nio, “the Chinese Tesla,” has rolled out over 75,000 electric vehicles to date.
And with their ET7 electric car boasting a record range of 621 miles on one charge, that’s over 200 miles farther than you can make it in a Tesla Model S. There are now more than 400 Chinese companies all working to grab market share in this booming industry.
That’s helped push China ahead of the U.S. in a heated battle which could have implications far greater than just in the EV market. That’s why the Washington Post says, “The next China trade battle could be over electric cars.”
"Nio Limited (NYSE:NIO) is Tesla’s biggest competitor, dominating the Chinese EV markets. After a rough start after going public in 2018, it’s been on a tear, producing vehicles with record-breaking range.
Just a year ago, no one could have imagined how successful the Nio was going to be. In fact, many shareholders were ready to write off their losses and give up on the company. But China’s answer to Tesla’s dominance powered on, eclipsed estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $61 this month, representing a massive 1600% returns for investors who held strong.
In November, NIO unveiled a pair of vehicles that would make even the biggest Tesla devotees truly contemplate their brand loyalty. The vehicles, meant to compete with Tesla’s Model 3, could be exactly what the company needs to take control of its domestic market.
By NIO’s fourth quarter report in October, the company announced that its sales had more-than doubled, projecting even greater sales in 2021. The EV up-and-comer has shocked investors and pulled itself back after its rumored potential bankruptcy in 2019, and if this year shows investors anything, it’s that its CEO William Li is as skilled and ambitious as anyone in the business."
"The outlook for NIO, Xpeng and Li Auto remains positive, with one investment bank expecting two of the start-ups to achieve profitability which could push their shares even higher...According to a report by Morgan Stanley last week:
1. NIO is likely to post a profit for the first time and double its revenue this year. The investment bank expects the start-up to rake in sales of 33.6 billion yuan (US$5.2 billion), up from an estimated 16.8 billion yuan last year. It also expects a small profit of 6 million yuan, compared to a loss of 4.4 billion yuan in 2020
2. The bank also expects Li Auto to turn a maiden profit in 2021. A profit of 980 million yuan is forecast compared to an estimated loss of 541 million yuan in 2020, while revenue is expected to jump 92 per cent year on year to 17.96 billion yuan.
3. Xpeng, which is forecast to post a 126 per cent jump in revenue to 13.95 billion yuan this year, would see its losses widen to 4.23 billion yuan, from an estimated 3.56 billion yuan in 2020, the bank said."
I posted this simply due to the mention of NIO being ranked #2 in the entire automotive industry!! It’s from Ford so feel free to skip the article if you want, as I quoted the paragraph about NIO below.
“The rankings place the car manufacturer in the No. 8 spot vs. its automotive industry peers as pure-play EV stocks take the spotlight. Tesla (TSLA) currently holds the No. 1 rank in IBD's Auto Manufacturing industry group. The electric-vehicle company is followed by China's Nio (NIO) at No. 2.”
Tesla is in decline, SUVs are king, and more insights from the world’s largest electric-vehicle market
Published: Feb. 1, 2021 at 4:01 p.m. ET
By Jack Denton
Good timing for NIO to jump into Europe in 2021!!
“As Chinese car makers increase efforts to meet market demand at home and abroad, they are looking at Europe.
The volume of electric vehicles in Europe that were made by Chinese companies grew 1290% from 2019 to 2020, to 23,800 units. Much of that momentum came only recently — half of those cars arrived in the final three months of the year.“
Large Pension Bets Big on EV Stocks Tesla and Nio. Here’s What It Sold.
By Ed Lin
Jan. 30, 2021
“British Airways Pensions initiated a position of 104,212 American depositary receipts of Chinese EV maker NIO.
NIO ADRs topped Tesla in 2020 by rocketing more than 12 times in value. So far in 2021, NIO ADRs are up 16.9%.
NIO, along with Tesla, has been boosted by investor appetite for EV makers. A recent unveiling of a luxury sedan whipped up more demand for NIO ADRs. The company’s deliveries seem to be strong.”
Though this article mentions NIO, and it is about GM, it's mostly about how China started the EV revolution, and how the U.S. may be dependent on China for some of their battery and other technology. This could benefit NIO to some extent, based on NIO's battery and other EV technology...it's a good read!!
Some key notations...
"Chinese companies dominate the world’s production of electric motors. China has even gained control of much of the world’s production of key raw materials needed for electric cars, including lithium, cobalt and minerals known as rare earth metals. China is also the world’s main producer of electric motors and a wide range of other electronics [which will all be needed by the U.S.]."
In terms of deliveries, Nio in 2020 looks roughly similar to Tesla in 2015. Nio last year delivered 43,728 vehicles, with the figure more than doubling year-over-year. In 2015, Tesla deliveries totaled just over 50,000, up nearly 60% against 2014 levels.
Revenue figures are a bit different. Tesla’s deliveries in 2015 consisted of higher-priced cars; many Model X units at the time sold, with options, for over $100,000. And so Tesla’s 2015 revenue of $4 billion is substantially higher than the $2.5 billion analysts expect Nio to generate in 2020. Nio almost certainly clears $4 billion in 2021; Wall Street consensus actually is closer to $5 billion.”
Nio gains after Morgan Stanley pushes price target up to Street high
Jan. 29, 2021 9:07 AM ETNIO Limited (NIO)By: Clark Schultz, SA News Editor
"Morgan Stanley boosts its price target on Nio (NYSE:NIO) to $80 from $33 on confidence the electric vehicle upstart is a strong place to gain more market share."
For Nio Stock, This Is Only the Beginning for Long-Term Growth
1/28/2021
By Lou Carlozo, InvestorPlace Contributor
“ Electric vehicles, last I checked, do not perch on bubbles very well. But market mavens who have watched the unstoppable rise of Chinese EV maker Nio (NYSE:NIO) may well wonder: Will 2021 deliver the pinprick to let the air out of those high-performance tires? For those holding NIO stock, the answer remains thus: Elon Musk, eat my dust.
If Nio’s vehicles roll up to dealer lots stateside and Americans fall in love with them as much as the Chinese have, then it’s game over in the best possible sense for those who own NIO stock.”
Dec. 2020 update of top 5 Chinese EV startups’ insurance registrations
Monika From Gasgoo| January 28 , 2021
"NIO achieves 2020's highest monthly registrations for both ES8 and EC6
Last month, the insurance registrations of three NIO-branded models totaled 6,937 units, leaping 33.3% over the previous years. The volumes of the NIO ES8 and the EC6 reached 1,991 and 2,516 units respectively, both hitting a new high for the year of 2020".
“ NIO stock outran Tesla shares in 2020 in terms of percentage gain, the latter going up 696%. I’m not sure how Elon Musk might feel having his company called the Nio of America. But hey, Elon babe: If the tire fits, change it.
“ China's passenger EV sales penetration rate reached a new historical peak of 9.5% – which was higher than 8.1% in November 2020 and 5.7% in December 2019.
NIO's share in China's EV market reached 3.1% and was higher than 2.8% in November 2020.
Amid new stimulating policies in some fast-growing agglomerations, the company is preparing to build a second plant in China to boost its production capacity.
Per our analysis, NIO is likely to win big in 2021.”
“In 2012, with the launch of Tesla's first mass-produced car, Model S, CEO Elon Musk not only brought about a revolution in car's power source but also overturned the sales model of car companies.
In November 2017, William Li, founder of NIO, built the first NIO House in Beijing with rents costing tens of millions of RMB per year, and the services it provides far exceed those of Tesla.
Li's high-end positioning for NIO has given NIO users a high sense of self-identification and extraordinary internal cohesion. NIO stands out from dozens of new carmakers and has created a sect of electric cars, "NIOism".
Since 2019, when NIO faced a crisis, Li has been going around the country to communicate with users. Not only user meetings, but even private dinners and drinks, birthdays, weddings, and other events were attended.
In 2019 Li went to more than 40 cities to meet with users, and even if NIO improves in 2020, he still has more than 30 weekends to spend with users across the country.
Users like to share their lives and cars in NIO APP online, and there are also criticisms and suggestions from users from time to time. Faced with users' criticism, Li is not annoyed and explains patiently in the community every day.
Li is patient in answering users' questions, but indifferent to the media's accusations. "As long as it doesn't affect users' emotions, these questions and curses are very normal", he claims.
A user on the NIO APP shared that on the way home after buying the car, he was unfamiliar with charging and couldn't connect the power because he was using it for the first time. Suddenly another ES6 stopped by and helped to charge up.
And on the road, some NIO users would show their kindness to each other even though they didn't know each other. Some users even shared that they saw two NIO cars yielding to each other at an intersection.
In December 2017, NIO held the first NIO Day. Li chartered 8 airplanes, 60 high-speed rail cars, 19 five-star hotels, and invited Imagine Dragons, spending a total of RMB 80 million ($12.3 million at the time).
The money has enabled NIO to reached a height that XPeng and Li Auto have never been able to reach, and the highly loyal users make it difficult for peers to catch with it.
On January 8 this year, NIO held its fourth NIO Day, a grand festival for users that brought together more than 1,000 users from all over China to Chengdu. The users from Shenzhen organized and chartered a plane to Chengdu, according to the video, the plane crew and passengers were all NIO users.
One user towed his ES6 from Shenzhen to Chengdu on a trailer, covering 1,800 kilometers, just to be a volunteer for NIO.
In the four quarters of 2019, 45% of NIO's orders came by referrals from regular customers. And by the time Li was interviewed by the media in 2020, including the ES6 and the ES8 released in late 2019, that sales figure had risen to 69%.”
Shanghai to newly build 10,000 public charging piles in 2021
Monika From Gasgoo| January 25 , 2021
"Shanghai (Gasgoo)- Shanghai plans to newly deploy 10,000 public charging piles, 15 pilot taxi charging stations and 10 demonstration zones for sharing charging poles in 2021, according to a document from Shanghai municipal government".
CBAK Energy Partners With Chengdu Raja to Jointly Develop Battery Swapping Project and UPS Project
The point of posting this here is to note that others are starting to dip their hands into battery swapping (copying NIO)...it’s catching on, and everyone has NIO to thank for it.
"Up more than 1,150% in the past year, Chinese electric-vehicle maker NIO (NIO) turned into one of the best-performing stocks of 2020 -- but one analyst thinks there are more gains to come.
Initiating coverage on the "epitome of Chinese luxury brand[s]" and "domestic leader in EV manufacturing," Nomura analyst Martin Heung argues that even after its steep run-up, Nio stock remains a "buy" and has at least another 30% to run (above Friday's closing share price of $61.95).So why does Heung like Nio? In one word: Growth. And in another word: Batteries."
A Wall Street analyst thinks NIO's stock could break $80.
John Rosevear
(TMFMarlowe)
Jan 22, 2021
"What happened
Shares of Chinese electric-vehicle maker NIO (NYSE:NIO) were trading higher on Friday, after a Wall Street analyst initiated coverage of the company with a bullish note.
In a note Friday morning, Nomura analyst Martin Heung initiated coverage of NIO with a rating of buy and a price target of $80.30".
On December 21, Weilai officially released a mysterious message: "What does 14.5200 represent on a must-do route in this life? I invite you to decipher it tomorrow. On December 22, Weilai officially announced that Weilai had successfully opened the first road of The country's Sichuan-Tibet fast-charging station. From Chengdu to Mount Everest base camp, 14 Weilai 20-kW fast-charging stations are arranged along the way. The total journey is over 2,900 kilometers and it is easy to reach the camp Mount Everest base at an elevation of 5,200 meters. Explore a wider world with the “Direct Mount Everest Fast Charging Line.” It is understood that this fast charging lane provides charging services to all homeowners of electric vehicles.
Zacks - 4 Stocks (Not Named Tesla) Set to Ride the Upcoming EV Boom
Zacks Equity Research
Tue, December 22, 2020
https://finance.yahoo.com/news/4-stocks-not-named-tesla-140102528.html
"NIO Inc. — often dubbed as Tesla of China — is fast emerging as a rising star in the EV sector. The Chinese start-up car manufacturer is a relatively younger entrant in the EV space, racing to become a leader in the design and manufacture of EVs. Rising demand for ES6 and ES8 models are boosting this Shanghai-based company’s growth prospects. Moreover, the company recently launched the EC6 model, a coupe-style smart electric SUV, thereby facilitating its efforts in the EV space. The company has also rolled out a Battery as a Service (BaaS) subscription model that lets owners deal with charging needs by simply having a fresh battery pack installed in a matter of minutes. This one-of-its kind battery swap technology provides the company an edge over its rivals. Reportedly, the company delivered 5,291 vehicles in November, marking a year-on-year surge of 109%. This Zacks Rank #3 firm has had an amazing run on the courses lately, skyrocketing 1,733.3% over the past year."
"Do you NOMI?"
Bank Of America NEW (NIO) Target of $ 59! Dec 31 (Only available to Merrill Lynch users at this time.)
NIO teams up with China’s State Grid to build battery charging, swapping stations across country to compete with Tesla.
https://www.scmp.com/business/china-business/article/3115365/nio-teams-chinas-state-grid-build-battery-charging-swapping”
“Battery exchange plans can help cut the upfront cost of owning an electric car by about 20 per cent, slashing the retail price of a NIO ES6 sports-utility vehicle from 358,000 yuan to 287,000 yuan plus a monthly battery leasing fee of 980 yuan“
...sweet!!
“Do you NOMI?”
NIO – Vehicle delivery number for December, 2020
I was speaking with someone recently about NIO’s December delivery numbers. Knowing that NIO has added a 2nd shift for the month of December, coupled with the fact that the stated wait time by NIO for vehicles is still 4-8 weeks (depending on the model), whatever vehicles they produce in December will not be delivered until January or February, 2021. Based on the above, we can assume vehicles manufactured in October are just being delivered now. NIO was only producing 5K vehicles or so in October, and, the factory was closed for a week due to festival holidays, which means they are likely not able to deliver more than that number in December. Based on this, I am not too confident that we are looking at 6K-7K deliveries this month in order to meet expectations of 16,000-17,500 vehicles for Q4.
Moving forward, I AM confident of a nice increase in delivery numbers starting as early as February and potentially as early as January (as well as higher numbers throughout 2021), but again, based on manufacturing numbers that we know of, coupled with the wait time of deliveries, I am not sure about reaching December or Q4 expected delivery numbers. If they do reach these numbers, the math just doesn’t work out based on the above, and some type of explanation would be needed (at least for me), to justify how NIO got above such delivery numbers for December…any thoughts?
“Do you NOMI?”
EV sector - NIO mentioned 2x]
ETFs & Stocks to Bet on the EV Boom
PUBLISHED
DEC 23, 2020
“Chinese carmaker NIO is competing for a share of the EV services market, launching a completely new concept: Battery as a Service. With this concept, NIO is eyeing to have an edge over rivals such as Tesla by cutting the upfront purchase cost of its vehicles, as quoted on oilprice.com. With the battery-as-a-service model, customers can purchase just the vehicle shell, while they can pay rental fees for the battery.“
https://www.google.com/amp/s/www.nasdaq.com/articles/etfs-stocks-to-bet-on-the-ev-boom-2020-12-23%3famp
“Do you NOMI?”
Possible NIO partner (part 2)
This article is more informative than the one I posted earlier...
Apple seen partnering in electric vehicles with Tesla, Volkswagen or Nio
Dec. 23, 2020 Apple Inc. (AAPL)TSLA, VWAGYBy: Clark Schultz, SA News Editor
https://www.google.com/amp/s/seekingalpha.com/amp/news/3646919-apple-seen-partnering-in-electric-vehicles-tesla-volkswagen-nio
“Do you NOMI?”
Talk of a partner for NIO!! (From GM post)
“The thunderbolt in the EV sector today is speculation that Apple could partner in electric vehicles with Tesla, Volkswagen or Nio“
https://www.google.com/amp/s/seekingalpha.com/amp/news/3647089-gm-bid-up-on-hopes-for-splashy-ces-reveal
“Do you NOMI?”
The Nio Stock Rally Not Ready to Cool Off
Despite lacking profits, Chinese EV maker just bolstered its coffers with a successful share sale
By Lou Carlozo, InvestorPlace Contributor Dec 23, 2020
"And they call Nio the Tesla of China when maybe Tesla should be called the Nio of America. Will the real Tesla of China please stand up?"
https://investorplace.com/2020/12/nio-stock-rally-not-ready-to-cool-off/
"Do you NOMI?"
Is it possible for batterie technology to improve to the point that it'll charge fast enough that'll make Nio's battery swapping technology obsolete?
December 25, 1:14 a.m. NIO said on social media that it has signed a framework cooperation agreement with the State Grid Electric Vehicle Service Company (the world's largest utility) to expand the charging infrastructure and that it would jointly build 100 battery charging stations and exchange stations across the country in 2021.
On the eve of NIO DAY, ..., ....... NIO will launch the 150 kwh battery, the first ET7 sedan, the NT 2.0 autonomous driving platform and the second generation power plant. The second-generation power plant service capabilities will be more than three times that of the first generation 'At the same time, NIO is also actively building a closed-loop business model, and used car services will be the' latest piece of the puzzle ”. According to Qin Lihong, on January 3, the Weilai User Center will launch a new used car system. On the technical side, NIO will also invest 15 billion yuan in the research and development of a new generation of autonomous driving technology, human-computer interaction and intelligence, as well as in the arrangement of the replacement of second generation of electrical equipment.
Institutional Owners 577
Institutional Shares 558,604,466 349.13%
Institutional Value $ 13,822,678 USD ($1000)
...that's $13B in layman's terms :)
Lots of recent reporting's (bought earlier in Q)
https://fintel.io/so/us/nio
"Do you NOMI?"
There were lots of news updates today for NIO. Below is an article that encapsulates pretty much all of today's good news, in one shot. More to come, from NIO Day on 1/9/21 - GL to all longs!!
https://www.chinapev.com/ev-2/nio/nio-delivered-7007-vehicles-in-dec-invest-3-billion-in-five-years-nio-releases-used-car-business-system/
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NIO jobs in Oslo, Norway just posted on LinkedIn and other sites
https://i.redd.it/kkmzxmw8ke861.jpg
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#Cars#
China's official securities newspaper comments on NIO's soaring market value: Let the bullets fly a little longer
2020-12-30 6:11:44 GMT+8 By: Phate
https://cntechpost.com/2020/12/30/chinas-official-securities-newspaper-comments-on-nios-soaring-market-value-let-the-bullets-fly-a-little-longer/
"Do you NOMI?"
NIO obtains import and sales license in Norway on March 5, 2021
https://norwaycompany.eu/norway-enterprise/nio-norway-as-682872
“Do you NOMI?”
“Nio and Sinopec have reached a strategic collaboration agreement, and the 1st second-generation swap station will be officially launched at the Beijing Sinopec gas station on April 15”.
The above has been translated from the below link
-NOMI
https://chejiahao.m.autohome.com.cn/info/8075758
“Do you NOMI?”
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results
Mon, March 1, 2021, 5:00 PM
NIO did well financially (financials are in the link below)!!
Expected deliveries for Q1 2021 are 20,000-20,500 (February is historically low due to Chinese holidays; February 2021 was 5,578). More to come from the conference call this evening!!
https://finance.yahoo.com/news/nio-inc-reports-unaudited-fourth-220000911.html
"Do you NOMI?"
The Eagle has landed (so to speak)...NIO vehicles spotted in California!!
https://mobile.twitter.com/erol75/status/1365558027592564736?s=21
https://www.reddit.com/r/Nio/comments/ltutgl/picture_explains_itself_credit_to_nio_trending_on/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
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William LI sends a hinted tweet regarding earnings call on Monday 3/1/21. Hmm...
https://mobile.twitter.com/WillyLi19/status/1365446384313376769
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NIO's William Li visits oil giant Sinopec
Arlene HuangFebruary 26, 2021
William Li, founder, chairman, and CEO of NIO, and the company's president Qin Lihong recently visited fossil fuel energy giant China Petrochemical Corp (Sinopec Group), according to pictures circulating on the Internet.
Local media reported that they discussed the development trend of the electric vehicle industry, charging and battery swap facilities construction, and high-end synthetic materials.
On February 14, Sinopec Chairman Zhang Yuzhuo visited one of NIO’s battery swap stations, for which Qin gave a briefing on the construction and operation of the battery swap station, and they agreed to meet each other after the Chinese New Year to work together to promote the industry's development.
Zhang also had a brief chat with an NIO owner who was there for a battery swap, according to an article posted by NIO’s Vice President of Power Management Shen Fei in the NIO App on February 14.
The article did not reveal more details, but it is worth noting that the NIO’s battery swap station is next to a Sinopec gas station.
Sinopec, with a registered capital of RMB 326.5 billion, is China's largest supplier of refined oil products and petrochemicals, the second-largest oil, and gas producer, and the world's number one refining company and third-largest chemical company.
Sinopec has more than 30,000 gas stations, ranking second in the world. It ranked No. 2 on the 2019 Fortune 500 list of the world's largest companies.
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Shipping info sparks speculation NIO may build showroom in US
Phate Zhang Phate Zhang
https://cnevpost.com/2021/02/25/shipping-info-sparks-speculation-nio-may-build-showroom-in-us/amp/?__twitter_impression=true
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A potential groundbreaking event!! If they partner, it would be HUGE!!
“Nio's battery swapping stations at Sinopec's gas stations?
Sinopec (China Petroleum & Chemical Corporation) is a fossil fuel energy giant (ranked #2 on the 2019 Fortune 500) with 30,000+ gas stations across China, but apparently electric vehicles are the future.
Nio's Battery as a Service (BaaS) business model has been highly successful in China and there's no question Nio will need to build more and more battery swap stations.
Partnership between Nio and Sinopec sounds like a natural next step for Nio to utilize the existing infrastructure of Sinopec, and for Sinopec to be part of the future.
You don't get the chairman of Sinopec and president of Nio to meet at a Nio battery swap station next to a Sinopec gas station during the Chinese New Year holiday for no reason.”
https://www.google.com/amp/s/amp.reddit.com/r/StockMarket/comments/lkl9yk/nios_battery_swapping_stations_at_sinopecs_gas/
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Why Is NIO Spending $850 Million to Buy Shares of Its Subsidiary?
John Rosevear, The Motley Fool
Thu, February 4, 2021
"The upshot: Once these transactions close, NIO will own 90.360% of NIO China.
Is this bullish?
I think so. For American investors, owning 90% of NIO China is better than owning 86% (or 76%), because NIO China is most of the company's business right now. NIO is giving up some capital to do that, but it's capital that NIO can afford to spend."
https://finance.yahoo.com/m/ef140af3-191b-367f-b213-17bed5154862/why-is-nio-spending-850.html
SEC Filing:
https://ir.nio.com/node/8006/html
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NIO to build 'world-class' smart EV industrial park in Hefei
February 4, 2021 By: Phate Zhang
NIO announced on Thursday that it entered into an agreement with the municipal government of Hefei, Anhui province, where NIO China's headquarters is located, to jointly build a “world-class” smart electric vehicle industrial campus.
https://cnevpost.com/2021/02/04/nio-to-build-world-class-smart-ev-industrial-park-in-hefei/
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These Stocks Could Soar As The U.S.-China Electric Vehicle War Heats Up
Editor OilPrice.com
Wed, February 3, 2021
"A Chinese competitor most folks have never heard of was already showing up Elon Musk’s EV juggernaut.
"Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the one grabbing headlines in the United States, with over 700% gains in 2020…A Chinese competitor most folks have never heard of was already showing up Elon Musk’s EV juggernaut. Nio, “the Chinese Tesla,” has rolled out over 75,000 electric vehicles to date.
And with their ET7 electric car boasting a record range of 621 miles on one charge, that’s over 200 miles farther than you can make it in a Tesla Model S. There are now more than 400 Chinese companies all working to grab market share in this booming industry.
That’s helped push China ahead of the U.S. in a heated battle which could have implications far greater than just in the EV market. That’s why the Washington Post says, “The next China trade battle could be over electric cars.”
"Nio Limited (NYSE:NIO) is Tesla’s biggest competitor, dominating the Chinese EV markets. After a rough start after going public in 2018, it’s been on a tear, producing vehicles with record-breaking range.
Just a year ago, no one could have imagined how successful the Nio was going to be. In fact, many shareholders were ready to write off their losses and give up on the company. But China’s answer to Tesla’s dominance powered on, eclipsed estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $61 this month, representing a massive 1600% returns for investors who held strong.
In November, NIO unveiled a pair of vehicles that would make even the biggest Tesla devotees truly contemplate their brand loyalty. The vehicles, meant to compete with Tesla’s Model 3, could be exactly what the company needs to take control of its domestic market.
By NIO’s fourth quarter report in October, the company announced that its sales had more-than doubled, projecting even greater sales in 2021. The EV up-and-comer has shocked investors and pulled itself back after its rumored potential bankruptcy in 2019, and if this year shows investors anything, it’s that its CEO William Li is as skilled and ambitious as anyone in the business."
https://finance.yahoo.com/news/stocks-could-soar-u-china-003000940.html
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🎶 Coming To America 🎶
NIO (NYSE: NIO) Is Accelerating Its Plans To Enter the American Market As New Circumstantial Evidence Emerges
By Rohail Saleem / Feb 3, 2021
https://www.google.com/amp/s/wccftech.com/nio-nyse-nio-is-accelerating-its-plans-to-enter-the-american-market-as-new-circumstantial-evidence-emerges/amp/
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NIO may be profitable in 2021!!
China electric cars: Tesla's missed target draws investors to home-grown EV makers NIO, Xpeng and LiAuto in search of value
Daniel Ren in Shanghai ren.wei@scmp.com
Updated Mon, February 1, 2021
"The outlook for NIO, Xpeng and Li Auto remains positive, with one investment bank expecting two of the start-ups to achieve profitability which could push their shares even higher...According to a report by Morgan Stanley last week:
1. NIO is likely to post a profit for the first time and double its revenue this year. The investment bank expects the start-up to rake in sales of 33.6 billion yuan (US$5.2 billion), up from an estimated 16.8 billion yuan last year. It also expects a small profit of 6 million yuan, compared to a loss of 4.4 billion yuan in 2020
2. The bank also expects Li Auto to turn a maiden profit in 2021. A profit of 980 million yuan is forecast compared to an estimated loss of 541 million yuan in 2020, while revenue is expected to jump 92 per cent year on year to 17.96 billion yuan.
3. Xpeng, which is forecast to post a 126 per cent jump in revenue to 13.95 billion yuan this year, would see its losses widen to 4.23 billion yuan, from an estimated 3.56 billion yuan in 2020, the bank said."
https://sports.yahoo.com/china-electric-cars-teslas-missed-093000069.html
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I posted this simply due to the mention of NIO being ranked #2 in the entire automotive industry!! It’s from Ford so feel free to skip the article if you want, as I quoted the paragraph about NIO below.
“The rankings place the car manufacturer in the No. 8 spot vs. its automotive industry peers as pure-play EV stocks take the spotlight. Tesla (TSLA) currently holds the No. 1 rank in IBD's Auto Manufacturing industry group. The electric-vehicle company is followed by China's Nio (NIO) at No. 2.”
https://www.investors.com/research/ford-stock-buy-now/?src=A00220
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NIO, Red Star Macalline to co-work on building EV charging, battery swapping stations
Monika From Gasgoo| February 02 , 2021
http://autonews.gasgoo.com/m/Detail/70017963.html
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Tesla is in decline, SUVs are king, and more insights from the world’s largest electric-vehicle market
Published: Feb. 1, 2021 at 4:01 p.m. ET
By Jack Denton
Good timing for NIO to jump into Europe in 2021!!
“As Chinese car makers increase efforts to meet market demand at home and abroad, they are looking at Europe.
The volume of electric vehicles in Europe that were made by Chinese companies grew 1290% from 2019 to 2020, to 23,800 units. Much of that momentum came only recently — half of those cars arrived in the final three months of the year.“
https://www.google.com/amp/s/www.marketwatch.com/amp/story/tesla-is-in-decline-suvs-are-king-and-more-insights-from-the-worlds-largest-electric-vehicle-market-11612201675
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Large Pension Bets Big on EV Stocks Tesla and Nio. Here’s What It Sold.
By Ed Lin
Jan. 30, 2021
“British Airways Pensions initiated a position of 104,212 American depositary receipts of Chinese EV maker NIO.
NIO ADRs topped Tesla in 2020 by rocketing more than 12 times in value. So far in 2021, NIO ADRs are up 16.9%.
NIO, along with Tesla, has been boosted by investor appetite for EV makers. A recent unveiling of a luxury sedan whipped up more demand for NIO ADRs. The company’s deliveries seem to be strong.”
https://www.google.com/amp/s/www.barrons.com/amp/articles/pension-bets-big-ev-stocks-tesla-nio-starbucks-sold-fedex-51611777875
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Though this article mentions NIO, and it is about GM, it's mostly about how China started the EV revolution, and how the U.S. may be dependent on China for some of their battery and other technology. This could benefit NIO to some extent, based on NIO's battery and other EV technology...it's a good read!!
Some key notations...
"Chinese companies dominate the world’s production of electric motors. China has even gained control of much of the world’s production of key raw materials needed for electric cars, including lithium, cobalt and minerals known as rare earth metals. China is also the world’s main producer of electric motors and a wide range of other electronics [which will all be needed by the U.S.]."
https://www.nytimes.com/2021/01/29/business/gm-china-electric-cars.html
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Why Shares of Nio Are Hotter Than Ever
1/29/2021
By Chris Lau, InvestorPlace Contributor
“ The company is expanding globally and is aggressively taking market share. Eventually, it will beat Tesla (NASDAQ:TSLA) in some markets”.
https://www.google.com/amp/s/investorplace.com/2021/01/nio-stock-why-shares-of-nio-are-hotter-than-ever/amp/
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How Nio Stacks Up Versus Tesla At the Same Point
1/29/2021
By Vince Martin, InvestorPlace Contributor
“Nio 2020/2021 vs. Tesla 2015
In terms of deliveries, Nio in 2020 looks roughly similar to Tesla in 2015. Nio last year delivered 43,728 vehicles, with the figure more than doubling year-over-year. In 2015, Tesla deliveries totaled just over 50,000, up nearly 60% against 2014 levels.
Revenue figures are a bit different. Tesla’s deliveries in 2015 consisted of higher-priced cars; many Model X units at the time sold, with options, for over $100,000. And so Tesla’s 2015 revenue of $4 billion is substantially higher than the $2.5 billion analysts expect Nio to generate in 2020. Nio almost certainly clears $4 billion in 2021; Wall Street consensus actually is closer to $5 billion.”
https://www.google.com/amp/s/investorplace.com/2021/01/how-nio-stock-stacks-up-versus-tesla-at-the-same-point/amp/
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Nio gains after Morgan Stanley pushes price target up to Street high
Jan. 29, 2021 9:07 AM ETNIO Limited (NIO)By: Clark Schultz, SA News Editor
"Morgan Stanley boosts its price target on Nio (NYSE:NIO) to $80 from $33 on confidence the electric vehicle upstart is a strong place to gain more market share."
https://seekingalpha.com/news/3656188-nio-gains-after-morgan-stanley-pushes-price-target-up-to-street-high
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NIO ES6 First Drive: Could this Shanghai-made SUV sell well outside of China?
Robert Llewellyn
Jan. 28th 2021
https://electrek.co/2021/01/28/nio-es6-first-drive-could-this-shanghai-made-suv-sell-well-outside-of-china/
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For Nio Stock, This Is Only the Beginning for Long-Term Growth
1/28/2021
By Lou Carlozo, InvestorPlace Contributor
“ Electric vehicles, last I checked, do not perch on bubbles very well. But market mavens who have watched the unstoppable rise of Chinese EV maker Nio (NYSE:NIO) may well wonder: Will 2021 deliver the pinprick to let the air out of those high-performance tires? For those holding NIO stock, the answer remains thus: Elon Musk, eat my dust.
If Nio’s vehicles roll up to dealer lots stateside and Americans fall in love with them as much as the Chinese have, then it’s game over in the best possible sense for those who own NIO stock.”
https://www.google.com/amp/s/investorplace.com/2021/01/bio-stock-only-beginning-long-term-growth/amp/
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Dec. 2020 update of top 5 Chinese EV startups’ insurance registrations
Monika From Gasgoo| January 28 , 2021
"NIO achieves 2020's highest monthly registrations for both ES8 and EC6
Last month, the insurance registrations of three NIO-branded models totaled 6,937 units, leaping 33.3% over the previous years. The volumes of the NIO ES8 and the EC6 reached 1,991 and 2,516 units respectively, both hitting a new high for the year of 2020".
http://autonews.gasgoo.com/china_news/70017945.html
NIO is in the top spot with 6,937 in December, 2020!!
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Nio Is a Buy With Its Strong Position For the Long Run
1/27/2021
By Alex Sirois
“ Right now, Nio (NYSE:NIO) remains among the strongest, smartest and safest bets in the electric vehicle (EV) vertical.”
https://www.google.com/amp/s/investorplace.com/2021/01/nio-stock-is-a-buy-with-its-strong-position-for-the-long-run/amp/
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For EV Investors, It’s Happy Nio Year
1/27/2021
By Lou Carlozo, InvestorPlace Contributor
“ NIO stock outran Tesla shares in 2020 in terms of percentage gain, the latter going up 696%. I’m not sure how Elon Musk might feel having his company called the Nio of America. But hey, Elon babe: If the tire fits, change it.
https://www.google.com/amp/s/investorplace.com/2021/01/for-ev-investors-its-happy-nio-year/amp/
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As Nio Shares Soar, Stay in the Trade but Don’t Over-Allocate
1/27/2021
By David Moadel, InvestorPlace Contributor
https://www.google.com/amp/s/investorplace.com/2021/01/as-nio-stock-soars-stay-in-the-trade-but-dont-over-allocate/amp/
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NIO In December 2020: Set To Rally In 2021
Jan. 27, 2021 10:49 NIO Limited (NIO)LI, TSLA, XPEV
“ China's passenger EV sales penetration rate reached a new historical peak of 9.5% – which was higher than 8.1% in November 2020 and 5.7% in December 2019.
NIO's share in China's EV market reached 3.1% and was higher than 2.8% in November 2020.
Amid new stimulating policies in some fast-growing agglomerations, the company is preparing to build a second plant in China to boost its production capacity.
Per our analysis, NIO is likely to win big in 2021.”
https://www.google.com/amp/s/seekingalpha.com/amp/article/4401289-nio-in-december-2020-set-to-rally-in-2021
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Credit for post to: Daniel Y.
(Poster on Yahoo message board)
NIO has become a 'religion' for its car owners
January 27, 2021 By: Tom Kang
“In 2012, with the launch of Tesla's first mass-produced car, Model S, CEO Elon Musk not only brought about a revolution in car's power source but also overturned the sales model of car companies.
In November 2017, William Li, founder of NIO, built the first NIO House in Beijing with rents costing tens of millions of RMB per year, and the services it provides far exceed those of Tesla.
Li's high-end positioning for NIO has given NIO users a high sense of self-identification and extraordinary internal cohesion. NIO stands out from dozens of new carmakers and has created a sect of electric cars, "NIOism".
Since 2019, when NIO faced a crisis, Li has been going around the country to communicate with users. Not only user meetings, but even private dinners and drinks, birthdays, weddings, and other events were attended.
In 2019 Li went to more than 40 cities to meet with users, and even if NIO improves in 2020, he still has more than 30 weekends to spend with users across the country.
Users like to share their lives and cars in NIO APP online, and there are also criticisms and suggestions from users from time to time. Faced with users' criticism, Li is not annoyed and explains patiently in the community every day.
Li is patient in answering users' questions, but indifferent to the media's accusations. "As long as it doesn't affect users' emotions, these questions and curses are very normal", he claims.
A user on the NIO APP shared that on the way home after buying the car, he was unfamiliar with charging and couldn't connect the power because he was using it for the first time. Suddenly another ES6 stopped by and helped to charge up.
And on the road, some NIO users would show their kindness to each other even though they didn't know each other. Some users even shared that they saw two NIO cars yielding to each other at an intersection.
In December 2017, NIO held the first NIO Day. Li chartered 8 airplanes, 60 high-speed rail cars, 19 five-star hotels, and invited Imagine Dragons, spending a total of RMB 80 million ($12.3 million at the time).
The money has enabled NIO to reached a height that XPeng and Li Auto have never been able to reach, and the highly loyal users make it difficult for peers to catch with it.
On January 8 this year, NIO held its fourth NIO Day, a grand festival for users that brought together more than 1,000 users from all over China to Chengdu. The users from Shenzhen organized and chartered a plane to Chengdu, according to the video, the plane crew and passengers were all NIO users.
One user towed his ES6 from Shenzhen to Chengdu on a trailer, covering 1,800 kilometers, just to be a volunteer for NIO.
In the four quarters of 2019, 45% of NIO's orders came by referrals from regular customers. And by the time Li was interviewed by the media in 2020, including the ES6 and the ES8 released in late 2019, that sales figure had risen to 69%.”
Shanghai to newly build 10,000 public charging piles in 2021
Monika From Gasgoo| January 25 , 2021
"Shanghai (Gasgoo)- Shanghai plans to newly deploy 10,000 public charging piles, 15 pilot taxi charging stations and 10 demonstration zones for sharing charging poles in 2021, according to a document from Shanghai municipal government".
http://autonews.gasgoo.com/china_news/70017934.html
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NIO releases NIO OS 2.9.0 version, which can realize automatic parking and other functions
By Hu -January 25, 2021
https://www.chinapev.com/ev-2/nio/nio-releases-nio-os-2-9-0-version-which-can-realize-automatic-parking-and-other-functions/
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PR Newswire
CBAK Energy Partners With Chengdu Raja to Jointly Develop Battery Swapping Project and UPS Project
The point of posting this here is to note that others are starting to dip their hands into battery swapping (copying NIO)...it’s catching on, and everyone has NIO to thank for it.
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/cbak-energy-partners-chengdu-raja-141700684.html
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NIO: There’s a New Bull in Town
TipRanks
Sun, January 24, 2021, 9:36 AM
"Up more than 1,150% in the past year, Chinese electric-vehicle maker NIO (NIO) turned into one of the best-performing stocks of 2020 -- but one analyst thinks there are more gains to come.
Initiating coverage on the "epitome of Chinese luxury brand[s]" and "domestic leader in EV manufacturing," Nomura analyst Martin Heung argues that even after its steep run-up, Nio stock remains a "buy" and has at least another 30% to run (above Friday's closing share price of $61.95).So why does Heung like Nio? In one word: Growth. And in another word: Batteries."
https://finance.yahoo.com/news/nio-bull-town-143659001.html
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A Wall Street analyst thinks NIO's stock could break $80.
John Rosevear
(TMFMarlowe)
Jan 22, 2021
"What happened
Shares of Chinese electric-vehicle maker NIO (NYSE:NIO) were trading higher on Friday, after a Wall Street analyst initiated coverage of the company with a bullish note.
In a note Friday morning, Nomura analyst Martin Heung initiated coverage of NIO with a rating of buy and a price target of $80.30".
https://www.fool.com/investing/2021/01/22/why-nio-stock-is-up-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
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