Nio Onvo's 2nd Model Said to Have Completed Trial Production

CnEVPostJan 22 02:40 ET

Electric Vehicle companies generally fell, NIO (09866) dropped 6.29%. Institutions indicate that there is still uncertainty in the export of Electric Vehicles.

Jingu Finance News | Electric vehicle companies are experiencing a general decline. As of the time of writing, NIO (09866) is down 6.29%, Great Wall Motor (02333) is down 3.96%, Li Auto (02015) is down 3.56%, Geely Auto (00175) is down 3.53%, and Xiaopeng Motors (09868) is down 3.18%. On the news front, BOCOM INTL stated that according to the latest data from the China Association of Automobile Manufacturers, in 2024, China's automobile exports will reach 5.859 million units, a year-on-year increase of 19.3%. Affected by EU policy disruptions, China's electric vehicle exports in 2024 are projected to be 1.284 million units, also reflecting a year-on-year increase.

Jingu Financial NewsJan 22 02:13 ET

The direction has been set! Local "two sessions" are hotly discussing new energy vehicles and the low-altitude economy. The entire Industry Chain is pressing the "accelerator button" to improve quality and efficiency.

According to preliminary statistics from the Financial Associated Press, over half of the provinces in the 2025 government work reports across 31 provinces clearly mentioned the New energy Fund industry; nearly 10 provinces referred to the low-altitude economy. Seven provinces have set targets for the production volume, output value, and construction of Charging Stations for New energy Fund vehicles.

cls.cnJan 21 22:30 ET

NIO (09866) fell 5.15% in early trading as Goldman Sachs cut its Target Price by 10%, expecting intensified price competition to be a catalyst for the decline in its stock price.

Jinwu Financial News | NIO (09866) weakened early in the session, dropping 5.15% to HKD 33.15, with a trading volume of HKD 38.4 million. On the news front, Goldman Sachs stated that NIO's market share has been declining since 2020, falling from 3.9% to last year's 2.3%. The bank believes that NIO's main brand has limited new models this year, combined with slow expansion of its Onvo brand, resulting in unfavorable conditions for NIO this year, with competition potentially intensifying from the first quarter. The bank continued to indicate that as NIO continues to expand the sales network for the Onvo brand, it expects an ongoing increase in sales and marketing expenses.

Jinwu Financial NewsJan 21 20:54 ET

NIO Inc Options Spot-On: On January 21st, 151.22K Contracts Were Traded, With 3.5 Million Open Interest

Moomoo NewsJan 21 16:30 ET

Goldman Sachs Maintains NIO Inc(NIO.US) With Sell Rating, Cuts Target Price to $3.5

Moomoo NewsJan 21 13:31 ET · Ratings