Latest news with #ONVO
Business Insider
7 days ago
- Automotive
- Business Insider
Do Analysts See More Upside in NIO Stock After the Recent Rally?
Nio (NIO) stock has risen 21% over the past month, as investors cheered the Chinese electric vehicle (EV) maker's efforts to improve margins, new launches, and resilient deliveries. However, NIO stock is still down 2.5% year-to-date amid intense competition in the Chinese EV market, macro challenges, and an uncertain path to profitability. Despite improved investor sentiment, most Wall Street analysts remain cautious on NIO stock and see a modest upside potential from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Analysts Are Cautious on NIO Stock Nio delivered 24,925 vehicles in June 2025, reflecting a year-over-year increase of 17.5%. Overall, the company's Q2 deliveries grew 25.6% year-over-year to 72,056 units. The company is optimistic about its upgraded models, including the ET5 Sedan and ET5 Touring, the recently launched ONVO L90, and upcoming launches, such as the L80 in Q4 2025. However, profitability concerns continue to weigh on Nio. Despite higher sales, the company reported a wider-than-anticipated loss for Q1 2025. Recently, Morgan Stanley analyst Tim Hsiao reiterated a Buy rating on NIO stock with a price target of $5.90. Reacting to the launch of the ONVO L90 SUV, Hsiao noted that the deliveries for this model will commence on August 1. He also noted the various features of the L90 and stated that although he 'strongly' recognizes the new model's advantages in a competitive market, 'beating market expectations isn't without challenges considering ONVO's unsatisfactory track record of execution and inferior brand awareness.' Hsiao believes that it would require additional effort for ONVO to leverage L90 and the upcoming L80 to overcome these shortcomings. Last month, Goldman Sachs analyst Tina Hou upgraded NIO stock to Hold from Sell and slightly increased the price target to $3.80 from $3.70. The 4-star analyst upgraded the rating on NIO stock on early signs that the Chinese EV maker's operating cost cuts may help address margin pressures. Hou noted that the company is targeting 20% to 25% of operating expenses savings through various initiatives, including integration across business units and headcount reductions. However, Hou remains sidelined on NIO stock due to cash flow concerns, high debt levels, and volume growth amid rising competition in the EV industry. Is Nio Stock a Buy, Hold, or Sell? Overall, Wall Street is sidelined on NIO stock based on six Holds, two Buys, and one Sell recommendation. The average NIO stock price target of $4.50 indicates a 6% upside potential from current levels.
Yahoo
16-07-2025
- Automotive
- Yahoo
Will NIO's Multi-Brand Strategy Come to Fruition With ONVO in 2025?
NIO Inc. NIO introduced its smart electric vehicle sub-brand, ONVO, in May 2024, to kick-start the company's transition into a multi-brand strategy. Designed to deliver an optimized ownership experience and exceptional value, ONVO's first model, the L60, officially entered the market on Sept. 28, 2024. Praised for its safety, spaciousness, class-leading energy efficiency and user-friendly charging experience, the L60 has resonated strongly with family customers. In the first four months of 2025, the ONVO L60 ranked among the top three best-selling battery electric vehicles in the RMB 200,000-300,000 price range. In the second quarter of 2025, the ONVO brand delivered 17,081 units, up from 14,781 vehicles delivered in the first quarter of brand's second model, the L90, a flagship large family SUV, will debut at the end of July, with deliveries commencing on Aug. 1, 2025, in China. A third ONVO SUV is set to launch in the fourth quarter, completing a more comprehensive SUV portfolio aimed at mass-market strong product reception, ONVO's overall sales performance this year has fallen short of the company's expectations, partly due to amortization and other financial pressures. Managing ONVO's operations and vehicle margins has proven challenging for the company. The key driver of gross vehicle margin for the ONVO brand is not expected to materialize until the third quarter. The company projects ONVO's 2025 vehicle margin to be approximately 15%, lower than the vehicle margin of 20% expected from the NIO brand. NIO carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks slower-than-expected EV adoption and the launch of affordable models, competition in the EV market is intensifying. NIO ONVO L60 is currently competing with Tesla's TSLA Model Y and XPeng's XPEV G6. Tesla Model 3/Y has reported a year-over-year decline in second-quarter deliveries due to lower demand amid rising competition. Tesla delivered 373,728 Model 3/Y in the second quarter of 2025, down from 422,405 units in the corresponding quarter of 2024. Priced at $14,000 less, NIO ONVO L60 has emerged as a strong budget-friendly rival of Tesla Model Y. On Feb. 26, XPeng unveiled official images of its refreshed 2025 G6 model. One of the G6's key competitive strengths over rivals like the ONVO L60 is its pricing. The XPeng G6 580 Long Range Plus is available for under 180,000 RMB. In comparison, the ONVO L60 60kWh rear-wheel-drive variant requires an upfront payment of nearly 150,000 RMB, plus a monthly battery rental fee of 599 RMB. NIO's Price Performance, Valuation and Estimates NIO has outperformed the Zacks Automotive-Domestic industry year to date. NIO shares have lost 2.5% compared to the industry's decline of 6.5%. YTD Price Performance Image Source: Zacks Investment Research From a valuation perspective, NIO appears overvalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.56, higher than its industry's 0.45. Image Source: Zacks Investment Research EPS Estimates Revision The Zacks Consensus Estimate for 2025 and 2026 EPS has moved up 2 cents and down 3 cents, respectively, in the past 30 days. Image Source: Zacks Investment Research 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 Tesla, Inc. (TSLA) : Free Stock Analysis Report NIO Inc. (NIO) : 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
10-07-2025
- Automotive
- Yahoo
NIO (NIO) Delivers 24,925 Vehicles in June 2025, Up 17.5% Year-Over-Year
NIO Inc. (NYSE:NIO) is . On July 1, 2025, NIO Inc. shared its latest car delivery numbers. In June, it sold 24,925 vehicles—17.5% more than the same time last year. These included cars from its main NIO brand, the family-friendly ONVO brand, and its smaller high-end brand FIREFLY. An engineer examining an electric vehicle design in a lab, showing the company's innovative battery systems. For the second quarter of 2025, NIO delivered 72,056 cars in total, up 25.6% year-over-year. By the end of June, the company had delivered 785,714 vehicles overall. NIO also received top rankings in the 2025 J.D. Power studies. Its ET5 and ET5T models were rated highest among mid-size electric cars, and the EC6 led the premium category. NIO has now maintained top-quality rankings in its class for seven consecutive years. NIO Inc. (NYSE:NIO) is a Chinese electric vehicle (EV) manufacturer. It designs, manufactures, and sells premium smart EVs. NIO also offers battery-swapping services, as well as home and mobile charging solutions and autonomous driving technologies. Its brands include NIO, ONVO, and Firefly, targeting different market segments. While we acknowledge the potential of NIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Nuclear Energy Stocks to Invest in for the Next Decade and 10 Best Healthcare Penny Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-07-2025
- 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
Business Upturn
01-07-2025
- 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.
