NIO, Inc. (NIO)

Dec 7, 2022Trade Ideas

Shares of NIO are showing big signs of life again. Not only is electric vehicle demand gaining momentum, Deutsche Bank analyst Edison Yu says the worst may be over for the dented stock. For one, he believes the Chinese government will gradually shift from its zero COVID policy. Two, he believes delivery numbers will start to show improvement with the December report.

Helping, the company delivered 14,178 vehicles in Nov., a 41% jump over Oct. For the year, deliveries are up 32% year over year to 106,671. Far better, the company expects to sell between 43,000 and 48,000 EVs in the fourth quarter. Along with stronger delivery numbers, the company is expanding in Europe and is adding new models.


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