- NIO (SGX:NIO) is China’s market-leading premium smart electric vehicle (EV) manufacturer, with over 60% market share in China’s premium electric sport utility vehicle (eSUV) segment in 2021, thanks to its well-recognised brand name, industry-leading technology in battery services, and autonomous driving.
- - Read this at SGinvestors.io -
EV deliveries to see strong growth on sustained market gains
- Since Dec 17, NIO has launched four premium models, namely ES8, ES6, EC6 and ET7, with two more (ES7 SUV and ET5 EV) in the pipeline this year. At end-Jun 22, NIO had delivered ~218k units of EVs (ES8, ES6, EC6 and ET7). This will be boosted in 2H22F by the deliveries of ES7 from Aug 22 onwards, and ET5 from Sep 22 onwards.
- - Read this at SGinvestors.io -
- We estimate NIO’s EV deliveries to climb 70% y-o-y in FY22F, 85% y-o-y in FY23F and 27% y-o-y in FY24F, driven by
- sustained market share gains in China’s eSUV segment,
- rising sedan EV sales, and
- EU market contributions.
Battery services technology sets NIO apart from competitors
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
Ray KWOK CGS-CIMB Research | https://www.cgs-cimb.com 2022-08-02
Read also CGS-CIMB's most recent report:
2023-12-06 NIO Inc - Profitability To Further Improve In FY24.
Previous report by CGS-CIMB:
2023-09-08 NIO Inc - EV Deliveries Set To Accelerate In 3Q/4Q23.
Price targets by 2 other brokers at NIO Target Prices.
Listing of research reports at NIO Analyst Reports.
Relevant links:
NIO Share Price History,
NIO Announcements,
NIO Dividends & Corporate Actions,
NIO News Articles