- 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.
- - Read this at SGinvestors.io -
- 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.
- - Read this at SGinvestors.io -
Active sales team expansion to support future sales growth.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Rachel Miu DBS Group Research | https://www.dbs.com/insightsdirect/ 2023-09-04
Previous report by DBS:
2023-08-10 NIO Inc - Sales Volume Acceleration.
Price targets by 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
