Nio, being a homegrown EV startup in China, has slowly and steadily grown mindshare as well as market share in the hot-and-happening Chinese market.

10 As China Plans 20% EV Subsidy Cut In 2021 Related Link: Nio To Match Vehicle Prices Through Jan. In 2020, the company delivered 43,728 vehicles, a 112.6% year-over-year increase. After adding an option of providing a 100-kilowatt-hour battery pack, penetration of BaaS reached about 40% of its new orders in December. Nio noted that its battery-as-a-service scheme has been popular among its customers since its launch. Growing recognition of Nio's premium brand, competitive and compelling products and services, and an expanding sales network contributed to the strong performance, the company said in the release. The company's earlier guidance had estimated quarterly deliveries would be 16,500 to 17,000 units. Against this backdrop, NIO has achieved consecutive record-highs along the way, and closed the year on a high note with remarkable December deliveries of over 7,000 vehicles,' said William Bin Li, founder, chairman and CEO of NIO in a release.įor the fourth quarter, the company delivered 17,353 vehicles, representing a 111% year-over-year increase. '2020 has been a challenging year for the whole world. The company noted that it reported two-fold year-over-year growth for the ninth consecutive month. Sequentially, deliveries increased 32.43% from the 5,291 vehicles delivered in November. The total unit deliveries comprised 2,009 ES8S, 2,493 ES6s and 2,505 units of its newly-launched EC6s. Nio's deliveries climbed 121% year-over-year to 7,007 vehicles in December, the company said in a release Sunday. There is no shortage of data points for EV investors to digest early in the new year.Chinese EV maker Nio Inc – ADR NIO 0.68% announced record monthly deliveries for December that underlined the strong momentum the company is experiencing. Looking beyond Monday, NIO will unveil a new sedan around January 9. That might be a concern, but the delivery numbers are good.

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. Despite the strong November number, NIO stock dropped more than 10% the day it was released.

Nio deliveries december 2020