NIO launched the ES8, a seven-seater flagship premium smart electric SUV in December 2017, and began deliveries of the ES8 in June 2018 and its variant, the six-seater ES8, in March 2019. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. Founded in November 2014, NIO's mission is to shape a joyful lifestyle. is a pioneer and a leading company in the premium smart electric vehicle market. The NIO Pilot has assisted our users in driving for over 418 million kilometers, among which the cumulative mileage of Navigate on Pilot (NOP) exceeded 157 million kilometers, demonstrating the appeal of our advanced ADAS functions to users.Ībout NIO Inc. NIO plans to further ramp up the production capacity to a higher level by working closely with supply chain partners and to accelerate the delivery recovery starting from June, in light of the recent supportive developments in the COVID-19 situation and the strong order inflow.Īs of May 2022, NIO users' cumulative mileage exceeded 5 billion kilometers. With the ramp-up in battery swap stations, sales will accelerate with Nio gaining a pricing advantage.In May 2022, the Company's vehicle production had been gradually recovering from the impact of COVID-19 outbreaks in certain regions in China while vehicle deliveries were still constrained to a certain extent by the corresponding preventive measures. Using BaaS lowers the initial purchase price.
Nio deliveries full#
This is important, as 92% of the customers in Norway chose the battery-as-a-service (BaaS) option rather than a full purchase. This will include 1,000 located outside China.
Nio deliveries install#
Overall, Nio plans to install 4,000 stations by 2025. In January 2022, the company also launched its first battery swap station in Europe. Therefore, geographical expansion coupled with new model launches are the catalysts for deliveries growth.Īdditionally, Nio already has 700 battery swap stations in China.
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With a broader addressable market, the ET5 is likely to boost delivery growth through 2023. This model will be sold at a lower price compared to the ET7. Nio’s second electric sedan, ET5, is expected to commence deliveries in September 2022. It’s likely the model will also be marketed in other European countries.
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German orders for the ET7 are also expected to begin in the fourth quarter of 2022. Toward the end of March 2022, Nio is expected to commence deliveries for the ET7, which is a luxury sedan. However, I believe the company is positioned for acceleration in delivery growth in the coming quarters. Growth has been relatively muted on a YOY basis at 23.3%. On a year-over-year (YOY) basis, deliveries increased by 109.1%.įor the first two months of the year, Nio has delivered 15,783 vehicles. In 2021, the company delivered 91,429 vehicles. Growth Catalysts for NioĮven with the chip shortage, deliveries have remained robust for Nio. I would not be surprised if this target is achieved in the next 12 months. This would imply a 130% upside from current levels. Recently, Deutsche Bank reiterated a buy rating for Nio stock with a price target of $50.
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7 Cheap Stocks That Look Like a Huge Bargain Right Now.However, it’s likely semiconductor supply concerns will ease in the second half of 2022. Chip shortages have impacted the growth potential of electric vehicle (EV) companies. However, the near-term concerns for Nio are not limited to regulatory headwinds. Things are likely to get better from here.