AllAnalyst Report
logoMorningstarSeptember 06, 2024

NIO Inc.: Nio Earnings: Revenue Largely In Line; Strong Vehicle Margin Despite Price Competition

Symbols
NIO
Sector(s)
Consumer Cyclical
Rating
Current Price
$5.09
Fair Value
Economic Moat
Stewardship
Summary

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model

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