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$NIO Inc (NIO.US)$ reported better-than-expected third-quarter results but issued soft guidance for the fourth quarter. Nio's December quarter revenue guidance was modestly below consensus. Production line upgrades and supply constraints are likely to be near-term headwinds for the company."NIO's 2022 outlook remains solid, however, with new Neo Park plant in 3Q22, ET7 launch in 1Q22, and entry into five new markets in the EU," Mizuho Securities analyst Vijay Rakesh said.
Nio said its new 75kWh LFP/NCM hybrid battery will begin deliveries in November and would be a gross margin tailwind.However, higher raw material prices will likely be near-term offset, resulting in an overall flattish gross margin of 20% in the fourth quarter and 2022.The company's new NT2.0 technology platform is expected to ramp in 2022 and drive stronger gross margins over time in conjunction with scale, citing the company.
Longer-term, Nio targets vehicle gross margins at 25%, and the key will be a strong Europe rollout and mass-market entry.
Nio said its new 75kWh LFP/NCM hybrid battery will begin deliveries in November and would be a gross margin tailwind.However, higher raw material prices will likely be near-term offset, resulting in an overall flattish gross margin of 20% in the fourth quarter and 2022.The company's new NT2.0 technology platform is expected to ramp in 2022 and drive stronger gross margins over time in conjunction with scale, citing the company.
Longer-term, Nio targets vehicle gross margins at 25%, and the key will be a strong Europe rollout and mass-market entry.
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$NIO Inc (NIO.US)$ NIO = NKLA lol. NIO CEO should resign!
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$Canaan (CAN.US)$ Enter 300
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$AMC Entertainment (AMC.US)$ jiayou, we can do it. just hold and buy more.
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$AMC Entertainment (AMC.US)$ Up up up, hold it
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