Article Hero

Tesla’s Chinese competitor lays down new plans of expansion

1614687865.png
Miguel A. Rodriguez
Miguel A. Rodriguez
02 March 2021
A “transformational” 2020 for Nio

Nio, Tesla’s Chinese competitor, reported mixed Q4 2020 results.

While its quarterly and yearly revenues surged 148% and 108%, respectively, the EPS failed to meet expectations.

Nio revealed that Q4 2020 was the third consecutive quarter when deliveries surged. In the past three months, it delivered 17,353 vehicles, a 111% leap from the previous quarter. The number of deliveries was a record for the company and was characterized as “a transformational 2020” by founder and CEO William Li.

For the future, Nio plans to deliver between 20,000-20,500 cars in the first quarter, which could mark a 15%-18% increase. Additionally, the company expects its revenue to reach a high of $1.16 billion. Moreover, in 2021 it plans to expand in Europe.

After the report, Nio stock price jumped 9%. For the past twelve months, the company’s stock went up 1,100%, while USA500 added 32%.

Sources: investors.com, marketwatch.com

This information/research prepared by Andreas Thalassinos does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.