Electric vehicle (EV) manufacturer $NIO2.0% seems to be enjoying the fruits of a particularly generous Chinese government of late. China's National Development and Reform Commission "urged local governments to ease restrictions on car purchases and introduce measures to encourage new car purchases."
- Another catalyst for the stock's rise is Tim Hsiao, a Morgan Stanley analyst who takes a more bullish approach to Nio stock. Hsiao raised his price target on Nio stock to $18.70 from $12 ->I like this one a lot
NIO Europe now has 21 battery swap stations $NIO-0.5%. ->not so much because it's woefully short...
So I finally found the reason for yesterday's rise in Nio $NIO....2.0% In a bid to revive its lagging economy, the National Development and Reform Commission (NDRC), the government agency responsible for economic development in China, has said it is keen to bring in private capital to help in the development of major projects across the country, including EV and infrastructure...
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I'm a silent observer, somehow I'm not interested in the country of origin:) but otherwise I'm rooting for them
Most Asian stocks rose sharply today on expectations that China is close to completing its rate hike cycle for this year, while the prospect of further stimulus measures from China following weaker economic data is also supporting growth.
Nio $NIO2.0% so up +11.8% on HKG today 👌.
So I need 8$ more up on the green nio... but still, it's a pretty promising way to go :)
Yesterday, we saw $NIO2.0% stock shoot up more than 11%.
This is because the company's CEO, Li Qiang, predicted at the World Economic Forum on Tuesday that China's economy will grow faster in Q2 than the 4.5% rate it grew at in Q1, and further claimed that it is on track to achieve annual growth of around 5%.
In addition to Qiang's overall bullish view on the Chinese economy,...
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I was just shopping again today and averaging my price... I believe the green is near! :-D
More good news like this.
I know there are quite a few Niofans already here, so I'm adding an update that probably won't bring millions to the coffers, but definitely an interesting extra service 👇
NIO$NIO2.0% will launch a trial next month that will give car owners in China the flexibility to rent the company's cars when traveling in Europe. NIO's destination travel service in Europe will begin trial...
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This is great for me though... considering I'd be flying to China and could somehow rent a car there for a bargain, I'd take it in a heartbeat :)
"There's no interest in those electric cars, rebates won't help them, it's a dying company."
My base case scenario for the rest of the year and $NIO2.0%: Rebates will help boost supply again, which will start to positively impact the company's profits (I'm not counting on profitability yet this year). The target price, in a positive scenario, could be $15 per share by year-end in my...
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The urgency for NIO $NIO2.0% to increase volumes and cut costs is finally here, says Deutsche Bank. With widespread NIO price cuts and the rapid introduction of new NT 2.0 models, Edison Yu's team believes there could be a significant sales recovery in the second half of the year.
China is a big market and the price cut is definitely an attraction for customers. Plus, demand is probably pretty high there as everyone is trying to target that market in turn.
Just a little bit more and I'll be in profit again 🙏 Nio $NIO2.0% gained 8.18% after yesterday's rally, almost +25% in the last 5 days, and we are approaching the $10 mark (my average buy is around $11).
I'm averaging $21... so I'm thinking of knocking it down some more... but I'm waiting for a drop.)
Now I wouldn't completely trust the AI just yet, but those numbers don't look unrealistic.
It's here, the pressure for profitability is mounting!
Nio$NIO2.0% said on Monday that it will lower the prices of all its models and end free battery replacement services to new buyers!
What do you think of Nio $NIO2.0%'s quarterly results?
Chinese electric car maker Nio reported its Q1 2022 results on Friday. While the results fell short of analysts' expectations, they showed surprising discipline in operating costs, which is positive news for investors.
I'm looking now and I see -4.5%, so they're not doing so great.... :)