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Category: NIO Inc (NIO)
Date: 13 October 2020 Stock price of NIO (NIO): $21.85 We take a look at the September and 3rd quarter 2020 delivery update from Chinese premium electric vehicle manufacturer, NIO. The company delivered 12 206 vehicles for the three months ending September 2020, a 113.7% increase compared to the same period of the previous year.
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NIO delivered 4,708 vehicles in September 2020, a new monthly record representing a strong 133.2% year-over-year growth "
More About NIO Inc.
NIO Inc. is a pioneer in China’s premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater flagship premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began the first deliveries of the ES6 in June 2019. NIO officially launched the EC6, a 5-seater premium smart electric coupe SUV, in December 2019 and plans to commence deliveries in 2020.
Overview of NIO's latest financial results
SHANGHAI, China, Oct. 02, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today provided its September and third quarter 2020 delivery results.
NIO delivered 4,708 vehicles in September 2020, a new monthly record representing a strong 133.2% year-over-year growth. The deliveries consisted of 3,210 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, 1,482 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, and 16 EC6s, the Company’s 5-seater premium electric coupe SUV. NIO delivered 12,206 vehicles in the third quarter of 2020, representing an increase of 154.3% year-over-year and exceeding the higher end of the Company’s quarterly guidance. As of September 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 58,288 vehicles, of which 26,375 were delivered in 2020.
NIO delivered 4,708 vehicles in September 2020, a new monthly record representing a strong 133.2% year-over-year growth. The deliveries consisted of 3,210 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, 1,482 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, and 16 EC6s, the Company’s 5-seater premium electric coupe SUV. NIO delivered 12,206 vehicles in the third quarter of 2020, representing an increase of 154.3% year-over-year and exceeding the higher end of the Company’s quarterly guidance. As of September 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 58,288 vehicles, of which 26,375 were delivered in 2020.
- NIO delivered 4,708 vehicles in September 2020, increasing by 133.2% year-over-year
- NIO delivered 12,206 vehicles in the three months ended September 2020, increasing by 154.3% year-over-year
- NIO delivered 26,375 vehicles in 2020 in total, increasing by 113.7% year-over-year
- NIO began deliveries of the EC6 in late September 2020 and cumulative deliveries of ES8, ES6 and EC6 as of September 30, 2020 reached 58,288
Business Outlook
For the third quarter of 2020, the Company expects:
For the third quarter of 2020, the Company expects:
- Deliveries of the vehicles to be between 11,000 and 11,500 vehicles, representing an increase of approximately 129.2% to 139.6% from the same quarter of 2019, and an increase of approximately 6.5% to 11.3% from the second quarter of 2020.
- Total revenues to be between RMB4,047.5 million (US$572.9 million) and RMB4,212.3 million (US$596.2 million), representing an increase of approximately 120.4% to 129.3% from the same quarter of 2019, and an increase of approximately 8.8% to 13.3% from the second quarter of 2020.
NIO Inc (NIO) stock price history over the last 2 years
The image below shows the stock price history of NIO Inc (NIO) over the last 2 odd years. And its been a pretty wild ride of NIO stockholders. Over the 2 year period the stock of NIO has provided a return of 220% to its stockholders.
NIO (NIO) stock vs Tesla (TSLA) stock over the last 2 years
The image below shows the stock price performance of NIO (NIO) and Tesla (TSLA) over the last 2 years. Both of these electric vehicle (EV) manufacturers stock prices has seen astronomical growth since the start of 2020. Over the last two years these two firms have provided the following returns to stockholders:
- Tesla (TSLA): 680%
- NIO (NIO): 220%