Has 2 Operating Segments: Vehicle sales: includes revenues from sales of the company’s electric vehicles, Other Sales: include revenues from the sales of the sales of service packages for its EVs and its energy solutions which includes charging and battery swapping).
Does NIO have revenue?
NIO is a leader in the Chinese EV market which is large and growing. According to Mordor Intelligence, the market reached $98 billion in 2019 total revenue which it forecasted would grow at a 31% average annual rate through 2026.
What does the company NIO make?
Company Profile
NanoVibronix Inc manufactures noninvasive biological response-activating devices that target biofilm prevention, pain therapy, and wound healing and can be administered at home, without the assistance of medical professionals. Its primary products are UroShield; PainShield; and WoundShield.
What is the business model of NIO?
For NIO, the business model is not just about premium EVs. Instead, it is a blend of EVs with charging solutions (NIO Power), subscription services (BaaS), NIO Life, NIO Spaces, and NIO House. By offering premium and personalized services, NIO focuses on a long-term strategy to drive sales by creating an ecosystem.
How does NIO operate?
NIO Power is the company’s network of battery swap stations, power mobile, power home and super chargers. NIO has 122 Swap Stations around China, including 18 battery swap stations along the G4 Expressway in China.
What is NIO main source of funding?
NIO makes premium smart electric vehicles and provides charging solutions and other services. Vehicle sales generate the majority of the company’s revenue. NIO has lowered its vehicle delivery outlook for Q1 2021 due to production disruptions related to the global semiconductor shortage.
Is NIO better than Tesla?
Tesla Is The Safer Bet
Overall, while Nio’s faster recent growth and unique innovations such as Battery as a Service (BaaS) – which allows customers to subscribe for car batteries, rather than paying for them upfront – are no doubt interesting, we think it remains a riskier investment compared to Tesla.
What makes NIO different?
Nio has currently built 191 swap stations in 76 cities and plans to have 500 stations up and running by the end of 2021. But, the clever thing about Nio is that you don’t HAVE to swap the battery – you can still plug your car into a normal public charging point if you want to. And, Nio has another trick up its sleeve.
Why is NIO losing money?
Nio lost 6 cents a share while revenue soared 117%. But the startup gave a weaker-than-expected Q4 revenue outlook, saying chip shortages and production challenges continue. Analysts expect Nio to pare losses to 64 cents per share in 2021 from 73 cents in 2020, according to FactSet.
How are NIO sales?
NIO delivered 25,034 vehicles in the fourth quarter of 2021, a new record-high quarterly delivery representing an increase of 44.3% year-over-year. NIO delivered 91,429 vehicles in 2021 in total, representing a strong increase of 109.1% year-over-year.
Who makes batteries for NIO?
CATL
The world’s biggest electric car battery maker – CATL – may have become complacent when it comes to innovation, reports local media. It now has to fight to bring back NIO’s business when it comes to the unique 600+ mile battery pack for its ET5 and ET7 sedans.
Who invested in NIO?
Top 10 Owners of NIO Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| Baillie Gifford & Co. | 6.63% | 88,858,365 |
| BlackRock Fund Advisors | 2.99% | 40,093,147 |
| The Vanguard Group, Inc. | 2.76% | 36,994,474 |
| SSgA Funds Management, Inc. | 2.45% | 32,887,731 |
Will NIO be as big as Tesla?
Nio may not be nearly as big as Tesla yet, but it has delivered more than 155,000 vehicles to date. It makes sense that Tesla would be valued higher than Nio, but Lucid has barely begun delivering cars, yet has a higher market cap than Nio.
Does Chinese government support NIO?
During the worst of the pandemic, Nio got a $1.4 billion investment from the Hefei government, integrating it into the local supply chain. The deal made no economic sense, but it solved the scaling problem. Nio could focus on technology and marketing. The government aid sent Nio stock to the moon.
Does NIO actually make cars?
JAC is a major state-owned automobile manufacturer in China that currently manufactures the NIO vehicles in delivery, including the ES8, ES6 and EC6, in the Hefei JAC-NIO manufacturing plant designed and constructed for NIO vehicles.
How many cars can NIO produce?
U.S.-listed start-up Xpeng said Monday it has produced 100,000 cars — six years since the company launched. Its rival electric car start-up Nio said in April it reached that 100,000 vehicle production milestone.
Is Tesla buying NIO?
Oct. 10 — The largest investor in Tesla Inc. after Elon Musk has taken an 11.4 percent stake in a Chinese company aspiring to become an electric vehicle-making rival.
What sets NIO apart from their competitors?
Perhaps the most unique thing about NIO is its battery swapping model. As Tesla and others look for ways to boost charging speeds, NIO decided to offer a completely different option: the battery swap.
Is it good to invest in NIO?
Any investor buying Nio shares today likely sees the company’s impressive growth numbers and long-term growth outlook as the core of the bull thesis. In December, Nio reported 10,500 vehicle deliveries, up 50% from a year ago.
Are NIO cars cheaper than Tesla?
The ET7 has a starting price around $69,000, undercutting the Tesla by $20,000. Another trick Nio has up its sleeve is its battery swapping service known as Battery as a Service (BaaS).
Who sells more cars Tesla or NIO?
Overall, Nio sold about 10,000 cars in the second quarter of 2021, and it expects to sell about the same number in the third quarter. That number is smaller than the number of cars that Tesla sells in China. Still, it’s not as big of a gap compared to other automakers in the U.S.
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