NIO Inc - DBS Research 2023-09-04: Deepening EV Market Penetration; Ready To Ramp Up Sales Delivery

• Going into 3Q23, NIO (SGX:NIO) will be launching the new EC6 model in Sep 2023, marking the completion of its vehicle platform transition to NT2.0. By then, NIO, a pure EV (electric vehicle) OEM (original equipment manufacturer), will have a full product portfolio consisting of eight models that are all built on the latest NT2.0 platform.
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• NIO is targeting to achieve vehicle sales of 55-57k units (+74-83% y-o-y) in 3Q23, supporting revenue growth of 45.3%-50% y-o-y to RMB18.9-19.5bn. By 4Q23, monthly delivery could hit 30k units. Growing vehicle sales would lift cash flows in 2H23.
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Active sales team expansion to support future sales growth.

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Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-03-24 NIO - Brand Building Slower Than Expected, Downgrade To HOLD. .

Previous report by DBS:
2024-11-28 NIO Inc - New Models To Boost Sales In 2025.

Price targets by other brokers at NIO Target Prices.

Listing of research reports at NIO Analyst Reports.

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NIO Dividend Payout Dates & Corporate Actions,
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