NIOtime #6: From 0.5M to 1M Power Swaps in 4 Months
Technical Chart. Media News Recap. NIO App Stories. All from a group of NIO global fans exclusively for the NIO community.
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Hi friends,
It’s NIO time, Blue Sky is Limitless!
Happy Friday! Here we will go over the major highlights of NIO with you on this sixth issue. This week NIO has unlocked a few major milestones that are exciting for the global NIO community and local NIO users. Before we run into the house’s agenda, let’s first dive onto the technical chart.
Technical Chart
This week NIO performs steadily and maintains to stay in the range of US$ 21.00-US$ 22.00. NIO was in the range between US$22.40 and US$20.60 and closed at US$ 21.49 which is US$ 0.31 higher than last week.
For near term outlook, EMA 8 (~US$21.11) & EMA 21 (~US$ 20.00) might serve as good references for the stock to look for short term support. Looking at fibonanci retracement from 52W high level, the range between 0.786 and 0.682 area is another strong support zone (US$21.33-US$20.35).
Last week, we had very good news on delivery number, however, the stock wasn’t shooting to the moon as expected. This is because in bull market structure of a stock, it tends to buy the rumors and sell the news. One may accumulate stocks when the stock is pulling back.
Right now, the market sentiment is still looking for potential momentum news in October in order to ride next uptrend wave. We guess this could be anticipation of October delivery vehicle or any suprising annoucment from NIO on oversea market expansion plan. The recent analyst’ ratings are around US$24 - US$25. If NIO do break out next, this price range is what we anticipate for. Please noted that this is just merely our observation, not an investment idea.
This Week’s Top Eight Highlights
From 500,000 to 1,000,000 Power Swaps in 4 Months - Oct 05, 2020
Selection of $CRNC for Voice Technology Collaboration - Oct 08, 2020
After Trying Thousands of Cars, They Chose NIO
NIO Day - Chengdu, China - Jan 09, 2021
NIO China Headquarter Official Opening - Oct 09, 2020
NIO Power Update: 156th Power Swaps & 65th Power Charger
NIO House & Space Update: 7 NIO Spaces Added
NIO App Story: Warmth
News
From 500,000 to 1,000,000 Power Swaps in 4 Months
(Photo Source: NIO App)
Do You Know fact for you today: NIO only took about 4 months to double the Power Swaps number from 0.5M (May 26, 2020) to 1M (Oct 5, 2020).
This is incredible speed to take noted for the widely use of battery swapping technology in China. Before reaching 0.5M number, NIO took almost two years to accomplish this milestone and now it took about 16% of time to unlock the next 0.5M milestone. We are excited for the adoption of battery swapping technology in China. With the increasing number of Power Swap station nationwide, we shall expect NIO to hit another 500,000 swaps in near time.
Selection of Cerence for Voice Technology Collaboration
NIO has selected Cerence ($CRNC), a conversational AI technology company that focuses on the automotive industry, for collaboration to deploy voice technologies in its products.
Created by spinning off the automotive business from Nuance, Cerence is on a mission to create immersive in-vehicle experiences that make travel more enjoyable, safer, more informative, and more entertaining.
Building on the strength of Nuance's 20 years in the automotive business, Cerence powers the nearly 300 million vehicles on the road today in more than 70 languages and provides AI support to nearly all major automakers, including Audi, BMW, Daimler, Toyota, Ford, Geely, SAIC, GM, and others. (News Source: cnTech Post)
We think Cerence is definetely a good match for NOMI, the world first in-vehicle integrated inteligent voice assisant. In order to make the AI based assistant smarter, the real user data is the key for enabling this technology and NIO has the data while Cerence has the technology. A long term view from this collaboration would be to tap Cerence’s strength into preparing NIO for next international market expansion with its flagship NOMI in other languages than Mandarin.
After Trying Thousands of Cars, They Chose NIO
The NIO ES8 will be used as a "site safety" working vehicle at the CATARC Yancheng test site of China Automotive Research Center Co., Ltd.
After negotiation, the Yancheng Proving Ground and the NIO Vehicle Engineering Department reached an agreement: six NIO ES8s that have been tested will be used as designated "site safe" vehicles by the Yancheng Proving Ground of China Automobile Research Institute. The Yancheng Proving Ground of China Automobile Research Institute finally chose the Weilai ES8 as a work car among 1,000 cars tested.
At the end of September, ES8 has begun to perform site patrols and other security work. According to the feedback from relevant staff of the proving ground, ES8 is excellent in ride comfort and vehicle performance. In particular, the powerful acceleration performance of ES8 allows them to quickly catch up with the violating vehicles and complete site safety inspections efficiently. (Photo & News Source: NIO App)
NIO Day at Chengdu, China
NIO Day is an annual gathering among NIO, users, and friends. The next NIO Day will be held on January 9, 2021, at Wuliangye Chengdu Financial City Performing Arts Center, located in Chengdu High Tech Zone, in the dual-core area of politics and economy in Chengdu. The total construction area is about 99,000 square meters, with an audience capacity of 12,000. (Photo & News Source: NIO App)
NIO day is always an event highly anticipating by NIO users and communities. It’s like Apple’s product release day, when Apple fans would get hyped and gather around to awaiting the next innovative product releasing by the company. NIO will debut a series of exciting features, models, and surprises during the NIO day. Let’s mark this day as NIOtime will cover a special issue on NIO day 2020.
NIO China Headquarter Official Opening at Hefei, Anhui, China
On October 9, 2020, the NIO China headquarters' opening ceremony was held in Hefei Intelligent Technology Park. From the end of February to now, NIO has completed its journey from signing the formal agreement and settling into the completion of the headquarters building and the launch of NIO's China headquarters today.
All of NIO China's core businesses have been steadily progressing, including vehicle R&D, supply chain, sales and service, and energy services. Li Bin also noted today that NIO and JAC have also officially launched the expansion of their advanced manufacturing bases. The opening of NIO's China headquarters will increase the size of the Hefei team, continuously deepen cooperation with the local supply chain, and accelerate the pace of development. Next, NIO will work with the Hefei Charging Company, a subsidiary of the Hefei Construction Investment Group, to promote the construction of Power Swap facilities, and has initially selected the first 20 proposed locations for Power Swap stations. (Photo & News Source: NIO App)
October 9, 2020 is a meaningful day for NIO as this marks a beautiful come back of NIO from almost broken in its cash flow earlier this year. Thankfully, Hefei local government was issuing a just in time 7B RMB fund to NIO with agreement signed in April 2020. Quoted from Li Bin in one of the past interviews, this isjust beginning for NIO and at least now NIO is back to normal wardroom from emergency wardroom. He noted that there is still a fierce journey for NIO to compete with other EV brands in China. But he is confident in NIO for delivering a premium EV lifestyle brand to China and the world.
Li Bin also can’t press enough to NIO users whom believe in NIO by puchasing NIO cars during the critical time in earlier years. So without the support of local government and NIO users, there wouldn’t be NIO today. Let’s witness the growth of NIO together if you do believe in NIO for its long term vision as well as Li Bin, a dedicated man who put all of his fortune onto NIO.
NIO Power Update: 156th Power Swaps & 65th Power Charger
NIO Power Swap #155 | NIO China Headquarter
NIO Power Charger #65 | NIO China Headquarter
This week we only observed one Power Swap and one Power Charger are annoucened officially. In our opinion, this could be due to observance of China National Holiday and Golden Week for workers. And another guess is that the only one Power Swap & Power Charger is built at the NIO China Headquarter for the special focus of the week. We do hope more Power Swap and Chargers is building in upcoming weeks to keep up the demand of battery swapping technology from NIO users.
NIO House & Space Update: 7 NIO Spaces Added
NIO Space #168 | Xingtai Beiguo Mall
NIO Space #169 | Lishui Wandi Plaza
NIO Space #170 | Xi'an Yitian Holiday World
NIO Space #171 | Nanchang Chaoyangzhou Rainbow Shopping Mall
NIO Space #172 | Jiujiang Jiufang
NIO Space #173 | Yueyang International Trade
NIO Space #174 | Lefeng Plaza, Guangzhou
Another great expansion rate on NIO space this week as we observed seven NIO spaces opened this week. For more gallery photos, please view it on the NIOtime’s facebook photo album!
NIO App Story: Warmth
This is one of the stories that we found from the NIO App that deserves your attention to read the untold and warm user experience with NIO.
A handwritten festival wishes to a NIO user by NIO staff at Power Swap Station.
Must give a hundred praise to the Shenyang Power Swap NIO staff. I plan to return home to Jilin on the evening of October 1 (in Shenyang for a Power Swap), but the navigation showed 21:15 ETA to get to the Shenyang Power Swap station (their working hours 9:00-21:00), so I call ahead to the Power Swap station and put forward a little "excessive" requirements, hoping that I can change the battery after work, after all, is the Mid-Autumn Festival! Who doesn't want to go home early for a reunion on the National Day and two holiday nights? The NIO staff on the phone readily promised and told safe driving, no rush, and he will wait for me to change the battery. After arrived at the Power Swap station, it was already off-duty time, the NIO staff kept his promise, waited for my arrival. In order to wait for me to come, the NIO staff took the initiative to apply to the supervisor for working overtime. The staff sacrificed his time with his family for Mid-Autumn Festival reunion, while saved me at least an hour of travel time. I was really touched! What is more touching is that the NIO staff quietly left a handwritten festival wishes in my car, the note as shown in the picture. Thank you to the NIO staff for changing the battery in Shenyang. NIO perseveres, the future is promising, NIO deserves for it, the blue sky is limitless!
There are a lot of untold stories like this one in NIO app. Please let us know if you like reading this kind of uncovered encounter, usually the main stream media would not bother to broadcast. However, to NIOtime, as a group of long term investors, this is the detail we are looking for NIO to grow differently than others EV brand, becoming a truly user oriented brand with great emphasis on new form of lifestyle, sharing and connection among human beings.
Summary
This week we went over some remarkable milestones - 1,000,000 Power Swaps, NIO China Headquarter Opening, NIO Day 2020 announcement as well as industry collaboration. We will follow up with more untold stories from the NIO app. In the meantime, we will periodically post quick updates on our NIOtime Instagram and NIOtime Twitter.
It’s NIO time, blue sky is limitless!
Have an awesome weekend!
If you like what NIOtime is sharing about NIO, please help us share and grow the community and let more people know about NIO.
Disclaimer: This is not investment advice, but to share what’s happening around NIO. We have no crystal ball if the stock will go up or down in the short, medium, or long-term.
keep the updates coming and great work. Thanks for spreading the word. I am a NIO investor from New Zealand.
We are looking forward to the time we we can drive NIO. We live in the USA in the state of Florida, we believe that NIO will be the best car. We invest and truly believe in your product and look forward to seeing them in the USA. If you need someone to test drive in the USA we would be willing to do so. Good Luck and we wish you much success.