China's Passenger Car Sales Jump 11% in October

MT Newswires22:47 ET

NIO May Need Longer Time to Turn Profitable -- Market Talk

WSJ22:22 ET

[Brokerage Focus] jpmorgan maintains a "shareholding" rating for NIO (09866), expecting its sales to reach 0.361 million vehicles next year.

Jingwu Financial News | jpmorgan issued a research report indicating that Nio (09866) has mixed results for the third quarter of 2024. The vehicle profit margin is slightly higher than the bank's forecast and market consensus, but the increase in operating expenses/marketing expenses (due to the launch of new products and channel expansion) and non-operating losses have dragged down the net income figures. Management maintained an optimistic tone during the earnings call and expects sales to grow by more than 100% in 2025 driven by new models. Furthermore, profit margins or profitability are expected to improve as a result of economies of scale and tactical reductions in incentives. The bank stated that Nio will see significant developments in 2025.

Jingwu Financial News21:44 ET

NIO (09866) rose nearly 4% as institutions expect that the release of the L60 and Firefly new cars will drive sales growth next year.

Jinwu Financial News | NIO (09866) stock price is performing well, as of the press time, it increased by 3.87%, reported at HKD 37.6, with a transaction volume of 30.8641 million HKD. Bocom intl research pointed out that NIO expects deliveries in the fourth quarter to be between 0.072 million to 0.075 million vehicles, a year-on-year increase of 43.9% to 49.9%, with sales guidance slightly lower than expected, indicating an average delivery of about 0.026-0.027 million vehicles in November and December. The bank believes that the company’s sales growth next year will mainly come from the ET5, with 6-7 seat SUVs and large five-seater SUVs competing with Li Auto’s L7 and L8. Management guidance indicates that once ET5 sales pick up, it will maintain above 15%.

Jingwu Financial News20:50 ET

Hong Kong stocks unusual movement | NIO-W (09866) rises by over 4% now, cumulative delivery volume in the third quarter hits a historical high, enthusiastic volume is expected to drive next year's sales growth.

NIO-W (09866) is now up more than 4%, as of the time of publication, up 4.83%, trading at 37.95 Hong Kong dollars, with a turnover of 27.8078 million Hong Kong dollars.

Zhitong Finance20:43 ET

[Brokerage Focus] Bocom Intl maintains a Buy rating on Nio (09866), but notes that its sales volume guidance for the fourth quarter is slightly below expectations.

Jinwu Financial News | bocom intl issued a research report indicating that NIO (09866) announced its Q3 2024 performance, with revenue of 18.7 billion yuan (RMB, same below), down 2.1% year-on-year and up 7.0% quarter-on-quarter, slightly lower than expectations. The gross margin is 10.7%, slightly exceeding market expectations. The gross margin for autos is 13.1%, with a quarter-on-quarter improvement of 0.9 percentage points, which the firm believes is mainly due to a decrease in costs. The net loss/adjusted net loss for Q3 is 5.01 billion yuan/4.41 billion yuan, roughly flat with Q2. NIO expects Q4 deliveries to be between 72,000 and 75,000 vehicles, a year-on-year increase of 43.9% to 49%.

Golden Sentinel Financial News19:58 ET