NIOtime #13: Don't FUD and Stay Long
Technical Chart. Media News Recap. NIO App Stories. All from a group of NIO global fans exclusively for the NIO community.
This week let’s welcome 40 new members to join us on board to grow together with NIO! If you’re reading this but haven’t subscribed, we invite you to join the 1,112 NIOtime community by subscribing here!
Dear NIOtime gang,
It’s NIO time, Blue Sky is Here!
Happy weekend! First, let’s wish our friends in the United States Happy Belated Thanksgiving! During this thankful festival, we, a group of global NIO volunteers, are grateful to deliver NIO related contents to you consistently and growing the community gradually to let more people know about the NIO. This week NIO also celebrated two highlights: 6 years anniversary on November 25th and 4 years milestone for the debut of EP9 on November 21st. There are many posts written by NIO users on NIO App to express their gratitude for how NIO has changed their lifestyle.
Technical Chart
This week NIO closed the week at $54.00 which is 9.6% higher than last week’s closing price ($49.25). Despite shorter trading days this week, NIO managed to hit its previous high at $57.20 and retraced back to its EMA8 due to local regulation investigation onto EV industry news. From the technical chart, EMA8 seems like a strong support for NIO stock in the past trends. The chart is beautifully setup for bullish trend. We would watch closely the stock movement, any price range between EMA8 ($51.09) and EMA21 ($44.62) is good entry point to load more bullets.
Next week we are anticipating the November vehicle delivery news on Thursday or Friday. This would be the next stock catalyst to push the stock higher or lower depending on the delivery number. We will release our November estimate on 1st December.
This Week’s Top 6 Highlights
NIO, Happy 6th Anniversary!
The World’s Fastest Electric Car, NIO EP9 4th Anniversary
NEDC Investigation on China EV Industry Sector
NIO is on China National TV Channel
NIO Power Update: 161-162nd Power Swap & 78-79th Power Charger
NIO House & Space Update: 185-190th NIO Space
News
NIO, Happy 6th Anniversary!
NIO has been established for six years on November 25th, 2020.
In the six years, NIO has users who have come along for the ride - over 60,000 car owners and over 3,100 owner volunteers.
Have a footprint that is always moving forward - users have accumulated more than 1.2 billion kilometers and have reduced carbon emissions by more than 80,000 tons.
A car experience that exceeds expectations - 162 power stations have been put into operation across the country, with users making more than 1.27 million power changes, providing more than 450,000 "one-key recharging" services and more than 90,000 "one-key maintenance" services.
Technologies that continue to evolve - NIO OS updates have been pushed through FOTA a total of 350,000 car trips, adding 131 new features and optimizing 280 features based on the initial version.
The NIO App, a community that starts with cars, has been updated to the 100th version, with registered users posting over 1.8 million items at the moment, sharing over 2.2 million photos, and interacting with over 20 million compliments.
NIO House has received more than 12 million visitors, held more than 60,000 events, and delivered more than 2.5 million surprises in NIO Life. (News Source: NIO Weibo)
NIO, happy 6th birthday! NIO is still a young startup striving to deliver quality cars with advanced technology and create a user orinted brand emphasizing premium lifestyle. Without a doubt, NIO has a long journey to go, there are fierce local competition out there as well as highly intense international market share battleground with ICE makers that changing their mind to EV investment and of course EV leader Tesla.
There are three key areas we wish NIO could do better for the upcoming three to five years including:
1) Keep improving their joint partnership mass production scale capability, eventually may consider vertical intergration to build their own factory for keeping up the EV demand locally and internationally. This is critical to any EV brands, Economic of Scale is key for mass EV adoption and enterprise profitability.
2) Bring NIO cars sooner to more countries outside China especially Europe and North America. Globalization is another growth indicator for a successful global EV brand. The next thing for NIO to consider is how to execute internalization plan accordingly to its three core principles which we mentioned in last issue.
3) Spend wisely on R&D expenses for key technology innovation. High valuation on EV brands is not purely on how much your car is delivered every month but more towards on software piece of the EV ecosystem: the autonomous driving technology which would be next trillion size market. How one EV brand can utilize the technology and evolve the current concept of mobility towards a bigger imagination? That would be a good sign for NIO to allocate larger fund for R&D in technology creating a mutual-benefit ecosytem for NIO in long term.
The World’s Fastest Electric Car, NIO EP9 4th Anniversary
On November 25th, 2020, NIO EP9 marks its fourth-year anniversary debut. For your information, NIO EP9 is the world's fastest electric sports car! Equipped with four high-performance electric motors and four independent transmissions, capable of producing 1,360 hp and accelerating from 0 to 200 km/h in 7.1 seconds. NIO EP9 is limited and only has so far produced six units. Powerful power, advanced aerodynamics, and extreme handling create an incredible 3G gravity acceleration experience; and the fastest EV lap times at the Nurburgring in Germany and the Paul Ricard Circuit in France. (News & Photo Source: Weibo, Autocar)
NEDC Investigation on China EV Industry Sector
On past Wednesday, the reporter obtained a copy of the National Development and Reform Commission (NDRC) Notice on the Investigation of New Energy Vehicle Production and Project Situation, which requires the local development and reform commissions to report to the NDRC Industry Department on the investment in new energy vehicles before November 18. (News Source: Yicai)
In pre-market on Wednesday, all EV stocks were pulled back on this news due to feat of regulation investigation that could affect local EV brands. However, this is not related to NIO at all. Don’t FUD, do our research diligently. The aforementioned investigation is on Chang Heng and Bao Neng which were reportedly abused the subsidy from the local governments. Before this news, there were circulating media coverage on improper usage of subsidy claimed by other EV brands or entities to build a non-functional charging facilites. This kind of fund fraud is bad for EV industry and a strict local enforcement is encouraged to curb down the bad practises among fishy EV brands.
NIO is on China National TV Channel
NIO was on China National TV Channel CCTV2 - Financial this week. The national media coverage described the current booming EV market in China citing 104% YOY EV growth in October. The key highlight from the news is that NIO has so far accumulated about 13 Billion RMB (53.85%) from the government funding to develop the EV brand in the first half of this year. This is a good sign that the government values the rising of NIO in the EV industry and would continue to support NIO near term. (News Source: NIO App)
NIO Power Update: 161-162nd Power Swap & 78-79th Power Charger
So far NIO has two new Power Swap station which sums up to 162 power swap stations in China. (News Source: NIO App)
NIO Power Swap #161 | Mingcheng, Zhongshan City
NIO Power Swap #162 | Yaohai District, Hefei
NIO Power Charger #78 | Lankao, Kaifeng
NIO Power Charger #79 | Pushan Garden, Puyang
NIO House & Space Update: 185-190th NIO Space
As promised in issue 11, NIO has six new NIO Spaces launching this week which sums up to 190 NIO houses and spaces in China. For more photos, please kindly refer to our NIOtime Facebook photo albums here. (News Source: NIO App)
NIO Space #185 | Raffles Place, Chengdu
NIO Space #186 | Ganzhou Shanshan Outlet, Jiangxi
NIO Space #187 | Jiangdu, Jinying
NIO Space #188 | Wuyue Plaza, Xiangyang
NIO Space #189 | Baolong Plaza, Yongkang
NIO Space #190 | Shigaraki Plaza, Chengdu
Summary
We observed a lot of NIO investors starting to question whether it’s a good time to exit now and reenter when the next pullback starts. In our humble opinions, we are never going to time the market right all the time, the best way to do for long term convicted stock is HODL. So this week's takeaway for us is to always do our own due diligence for the company we believe in. Because sometimes when negative news is spreading and market panic sell-off due to misinformation, we may feel FUD and tend to trigger that sell button for our long term positions in NIO. Better think twice before FUD kicking in your nerves. Do check with the NIO community or NIOtime. Please feel free to communicate with us through inbox or comment below. Cheers, invest safe, and have a nice weekend!
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