Latest news with #NIO
Yahoo
5 hours ago
- Automotive
- Yahoo
Is NIO on Track to Meet its 2025 Vehicle Deliveries Target?
China's electric vehicle (EV) maker NIO Inc. NIO has announced its June and Q2 vehicle delivery numbers. The company sold 24,925 units last month, reflecting growth of 17.5% year over year. For the three months ended June, it delivered 72,056 vehicles, within the company's guided range and up 25.6% from the year-ago quarter. In the second quarter, the namesake brand sold 47,132 cars, representing a decline of approximately 18% from the same quarter in 2024. Meanwhile, ONVO and Firefly brands delivered 17,081 and 7,843 units, respectively. ONVO—NIO's mass-market brand—commenced deliveries last September with the model L60 SUV. The second model under the brand, L90, is scheduled to commence deliveries in the current quarter. Meanwhile, Firefly—NIO's smaller premium EV brand— began deliveries in April. ONVO and Firefly brands have diversified NIO's product portfolio, with sales gaining momentum. However, their growth is seemingly coming at the cost of NIO's namesake brand. This is concerning and also raises doubts about the company's full-year delivery goals. In the first half of 2025, the company sold 114,150 vehicles, representing an increase of more than 30% from the year-ago period. While that may look impressive on the surface, the growth isn't sufficient to meet its big goals. NIO aims to double sales in 2025 from 221,970 units delivered last year. For that, NIO will have to deliver somewhere around 330,000 vehicles in the second half. That translates to an average monthly run rate of 55,000 EVs. And this seems quite challenging at the moment. NIO will most likely miss its vehicle delivery target for 2025. Li Auto LI delivered 36,279 units last month and 111,074 vehicles in the second quarter of 2025. While Li Auto's delivery numbers are higher than NIO's, its growth rate was quite modest at 2.3%. Deliveries of the Li MEGA Home began in late May, with production ramping up quickly as orders far surpassed expectations. Li Auto plans to launch Li i8 this month and Li i6 in September, which are expected to boost deliveries. Meanwhile, XPeng Inc. XPEV continues with its delivery growth momentum. Last month, XPeng delivered 34,611 smart EVs, marking a whopping 224% increase year over year. With that, XPeng's deliveries surpassed the 30,000 mark for the eighth straight month. In Q2'25, the company sold 103,181 cars, setting a new quarterly record. NIO significantly trailed behind Li Auto and XPeng in the second-quarter delivery numbers. Shares of NIO have lost around 19% year to date compared with the industry's decline of 8%. Image Source: Zacks Investment Research From a valuation standpoint, NIO trades at a forward price-to-sales ratio of 0.45. It carries a Value Score of D. Image Source: Zacks Investment Research Take a look at how the Zacks Consensus Estimate for NIO's earnings has been revised over the past 90 days. Image Source: Zacks Investment Research NIO stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIO Inc. (NIO) : Free Stock Analysis Report Li Auto Inc. Sponsored ADR (LI) : Free Stock Analysis Report XPeng Inc. Sponsored ADR (XPEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Automotive
- Yahoo
Tesla (TSLA) Shares Jump After China Sales Break 8-Month Losing Streak
July 2 - Tesla (NASDAQ:TSLA) shares jumped more than 5% on Wednesday after the company reported a 0.8% year?on?year rise in China?made electric vehicle sales for June, ending an eight?month slide. Deliveries from the Shanghai factory, including domestic sales and exports, totalled 71,599 units, up from May's pace by about 16%, data from the China Passenger Car Association showed. The recovery remains modest compared with local rivals. BYD (BYDDF) delivered a record 382,585 vehicles in June, up roughly 10% year?over?year, while NIO (NYSE:NIO) logged a 17.5% increase to 24,925 units. XPeng (NYSE:XPEV) saw the strongest growth, with sales surging 224% to 34,611 cars. In Europe, Tesla faces steeper challenges, with registrations in Denmark and Sweden plunging more than 60% last month. Investors await Tesla's Q2 delivery figures due later today, with the company's earnings report scheduled in the coming weeks. Seeking Alpha's Cavenagh Research forecasts a disappointing quarter for the Texas?based automaker. Despite competitive pressure, Tesla's slight rebound in its largest market may offer a foundation for its upcoming quarterly updates. This article first appeared on GuruFocus. Sign in to access your portfolio
Business Upturn
a day ago
- Automotive
- Business Upturn
NIO Inc. Provides June and Second Quarter 2025 Delivery Update
By GlobeNewswire Published on July 1, 2025, 14:30 IST 24,925 vehicles were delivered in June 2025, increasing by 17.5% year-over-year 72,056 vehicles were delivered in the three months ended June 2025, increasing by 25.6% year-over-year Cumulative deliveries reached 785,714 as of June 30, 2025 SHANGHAI, July 01, 2025 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) ('NIO' or the 'Company'), a pioneer and a leading company in the global smart electric vehicle market, today announced its June and second quarter 2025 delivery results. The Company delivered 24,925 vehicles in June 2025, representing an increase of 17.5% year-over-year. The deliveries consisted of 14,593 vehicles from the Company's premium smart electric vehicle brand NIO, 6,400 vehicles from the Company's family-oriented smart electric vehicle brand ONVO, and 3,932 vehicles from the Company's small smart high-end electric car brand FIREFLY. The Company delivered 72,056 vehicles in the second quarter of 2025, representing an increase of 25.6% year-over-year. Cumulative deliveries reached 785,714 as of June 30, 2025. NIO's products have been highly recognized in the 2025 J.D. Power studies. The ET5 and ET5T ranked first among mid-size battery electric sedans in the China NEV-IQS study, while the EC6 claimed the top spot in the premium BEV segment in the China NEV-APEAL study. With superior product quality and exceptional user satisfaction, NIO has secured first place in its segment in J.D. Power's quality research for seven consecutive years since 2019. About NIO Inc. NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of 'Blue Sky Coming'. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand. Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC'), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the 'SEHK') and the Singapore Exchange Securities Trading Limited (the 'SGX-ST'), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO's strategies; NIO's future business development, financial condition and results of operations; NIO's ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO's ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO's filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For more information, please visit: Investor Relations [email protected] Media Relations [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Associated Press
2 days ago
- Automotive
- Associated Press
NIO Inc. Provides June and Second Quarter 2025 Delivery Update
SHANGHAI, July 01, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) ('NIO' or the 'Company'), a pioneer and a leading company in the global smart electric vehicle market, today announced its June and second quarter 2025 delivery results. The Company delivered 24,925 vehicles in June 2025, representing an increase of 17.5% year-over-year. The deliveries consisted of 14,593 vehicles from the Company's premium smart electric vehicle brand NIO, 6,400 vehicles from the Company's family-oriented smart electric vehicle brand ONVO, and 3,932 vehicles from the Company's small smart high-end electric car brand FIREFLY. The Company delivered 72,056 vehicles in the second quarter of 2025, representing an increase of 25.6% year-over-year. Cumulative deliveries reached 785,714 as of June 30, 2025. NIO's products have been highly recognized in the 2025 J.D. Power studies. The ET5 and ET5T ranked first among mid-size battery electric sedans in the China NEV-IQS study, while the EC6 claimed the top spot in the premium BEV segment in the China NEV-APEAL study. With superior product quality and exceptional user satisfaction, NIO has secured first place in its segment in J.D. Power's quality research for seven consecutive years since 2019. About NIO Inc. NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of 'Blue Sky Coming'. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand. Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC'), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the 'SEHK') and the Singapore Exchange Securities Trading Limited (the 'SGX-ST'), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO's strategies; NIO's future business development, financial condition and results of operations; NIO's ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO's ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO's filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For more information, please visit: Investor Relations [email protected] Media Relations [email protected]
Associated Press
2 days ago
- Automotive
- Associated Press
Lemmo Zero Officially Launches on 20 June
BERLIN, GERMANY, June 30, 2025 / / -- On 20 June, Lemmo — a smart micro-mobility brand from Berlin — joined hands with NIO to launch the Lemmo Zero, a carbon fibre, smart folding, dual-mode electric bike, at NIO's global headquarters in Shanghai. The event was attended by Toni Pavic, Co-founder of Lemmo, Dr. Qin Hao, Head of R&D at Lemmo, Chloe Zhang, Head of NIO Life and Zhou Xing, Head of the NIO ET5 & ET5T. As a smart micro-mobility brand rooted in the European market, Lemmo has earned recognition for its innovations in electrification and intelligent design. The company pioneers new product platforms by merging and redefining existing categories. The Lemmo Zero, is based on Lemmo's Dual-Mode Vehicle (DMV) platform and marks the first global model in the lineup. Designed to support '4+2 intelligent mobility', it embraces the growing trend of 'destination cycling', offering a flexible and free-spirited mobility lifestyle. Lemmo Zero revolutionises the traditional folding bike structure with a three-fold mechanism that dramatically reduces overall volume. When folded, it's 40% smaller than most mainstream 20-inch folding bikes and 20% smaller than typical 16-inch three-fold models. It fits easily into the trunks of multiple NIO models and even into a standard 28-inch suitcase—truly achieving global portability. The folding process is simple and intuitive. Using a magnetic locking system and quick-release handle, the bike folds in just 30 seconds and unfolds in 15. In push mode, there's no need to lift the bike, allowing for effortless navigation through metro stations, elevators, and other everyday spaces. Beyond its compact structure, Lemmo Zero is defined by its high-performance materials. The frame and front fork are crafted from T700 and T800 carbon fibre by Toray, balancing exceptional strength with lightness. The net weight remains under 10.5 kg, and even with the full electric system, the bike weighs only 12.5 kg—offering a rare combination of portability and performance. At its core, the Lemmo Zero features E+ technology, enabling smooth transitions between human-powered and electric-assisted riding. Its removable 'Smartpac Air' integrates the battery, electronic control system, and IoT modules. Offering a 30–40 km range, IP66 waterproofing, and 65W fast charging, the Smartpac also functions as a power bank for smartphones and laptops. With a 160Wh capacity, it complies with airline regulations, allowing users to travel globally without battery restrictions. The dual-mode hub features a low-resistance clutch design that creates virtually no drag during manual riding. In electric-assist mode, the 0.9 kg high-speed internal rotor motor delivers up to 400W and 30Nm of torque, easily conquering city streets and steep slopes. A high-precision torque sensor ensures a smooth, natural ride that amplifies the rider's pedalling power. Lemmo Zero isn't just an electric bike—it's a smart mobility device with an advanced connected system. Equipped with GPS, Bluetooth, 4G modules, and OTA capabilities, it keeps riders connected and informed wherever they go. Through the Lemmo app, users can track real-time cycling data, including cadence, power, speed, and battery status, delivering valuable insights for both commuters and cycling enthusiasts. Attention to user experience is evident in every detail. A 5-speed Shimano external gear system adapts to varying terrain. Front and rear disc brakes offer reliable stopping in all weather. A thickened ergonomic saddle ensures comfort even on longer rides, and the geometry of the carbon frame accommodates a wide range of rider heights for an optimised riding position. From material to mobility, power to intelligence, and from car trunks to airport gates, the Lemmo Zero redefines what an electric folding bike can be. It is a testament to the shared vision of Lemmo and NIO —pushing the boundaries of micro-mobility and shaping a new lifestyle of freedom, flexibility, and intelligent design. For more information, visit: Imagery here: video here: About Lemmo: Lemmo [Light Electric Micro Mobility] is a Berlin-based leader in urban mobility solutions, committed to sustainability, efficiency, and premium design. With a focus on innovation and customer empowerment, Lemmo aims to transform the way people navigate urban landscapes, one ride at a time. Toni Pavic Head of Branding and Marketing [email protected] Visit us on social media: LinkedIn Instagram YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
