NIO Inc - CGS-CIMB Research 2022-08-02: The Leading Premium EV Player; Initiate With ADD

NIO Inc - The Leading Premium EV Player

Published:
NIO INC. OV (SGX:NIO) | SGinvestors.ioNIO INC. OV (SGX:NIO)
  • 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
    1. sustained market share gains in China’s eSUV segment,
    2. rising sedan EV sales, and
    3. 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





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