- With the new product line-up on its NT2 platform completed, we expect NIO Inc. (SGX:NIO), a leading Chinese electric vehicle (EV) maker, to maintain high shipments in 2024.
Production ramp-up to support margin improvements.
- - Read this at SGinvestors.io -
- By manufacturing the cars itself, NIO can better manage production cost and enhance vehicle margins.
Ramping up EV battery swapping agreements with other auto OEMs.
- - Read this at SGinvestors.io -
- As NIO’s battery network is open to other automakers, it should solidify its industry-leading position in EV battery swapping in the long run.
- So far, several major Chinese auto OEMs (including Changan Auto, Geely, Chery Auto, and Jianghuai Auto) have signed agreements with NIO to collaborate on the development of EV battery technology and swapping networks. In addition, the support from the Anhui province government can help to speed up battery swap network coverage and lower the investment cost on NIO.
Cut FY24F vehicle deliveries due to intense market competition; but stronger balance sheet should support business growth.
- Read more at SGinvestors.io.
