Smart and Sustainable Electric Mobility
Nio has repositioned the ET5 Touring to expand the model's user base by targeting the larger family market rather than the touring segment.
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Nio's vehicle deliveries in August and September are expected to be 20,000-21,000 units per month due to auto parts constraints, but parts supply will improve in the fourth quarter, BofA said.
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Deutsche Bank expects Nio to report revenue of 9.1 billion yuan in the second quarter, in line with current consensus estimates.
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In the next 1 to 2 years, some of Nio's in-house developed key chips including AD chips will be mass-produced, the EV maker's vice president in charge of hardware business said.
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Tesla and BYD's Denza are the only automakers up this week. Li Auto is flat, and Nio and Xpeng are down.
The post China NEV sales in the week Aug 7-13: Zeekr 1700, Nio 3200, Tesla 14000 appeared first on CarNewsChina.com.
Between August 1 and August 13, Tesla vehicles had 25,400 insurance registrations in China, Nio 7,000, Li Auto 13,500, and Xpeng 5,200.
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Xi'an is one of the oldest cities in China, the capital of 13 historical dynasties, and home to the famous Mausoleum of Qin Shi Huang and the Terracotta Warriors.
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Nio's gross margin will be under pressure due to lower deliveries, but stronger execution is starting to show up, which could help vehicle margins recover in the second half, according to Deutsche Bank.
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Innovusion plans to issue up to 21,382,252 ordinary shares and list them on the Nasdaq exchange, according to an announcement from China's securities regulator.
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Nio's effective pricing adjustments and more models offered to the market have driven solid sales, BofA said.
The post BofA raises price target on Nio, expects solid delivery momentum to continue into Q4 appeared first on CnEVPost.
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