- NIO Inc. reported 20,498 vehicle deliveries in July 2024.
- This is a slight decrease of 3.4% compared to the previous month.
- The company delivered 11,964 premium smart electric SUVs in July, an increase of 3.3% month-over-month (m/m).
- Deliveries of premium smart electric sedans totaled 8,534 in July, showing an 11% decrease m/m.
- By the end of July 2024, NIO’s cumulative vehicle deliveries reached 557,518 units.
- Analyst recommendations include 20 buys, 12 holds, and 1 sell.
A look at NIO Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
NIO Inc., a company that manufactures and sells electric vehicles, presents a mixed outlook based on Smartkarma Smart Scores. The company scores 2 for Value, indicating a moderate valuation compared to its peers. Additionally, NIO scores 1 in Dividend, suggesting a lower focus on distributing profits to shareholders. However, the outlook brightens with a Growth score of 3, indicating a positive trajectory in terms of expansion. Moreover, NIO receives a high Resilience score of 5, signaling strong ability to withstand economic challenges. Momentum also scores a 5, reflecting a favorable market sentiment towards the company’s performance.
Despite a moderate valuation and low focus on dividends, NIO’s growth prospects, resilience, and strong momentum paint a promising long-term outlook for the company. With a focus on manufacturing electric vehicles and offering related services globally, NIO appears to be positioned for sustained growth and resilience in the ever-evolving automotive industry. Investors may find NIO’s growth potential and market momentum appealing factors to consider when evaluating investment opportunities in the electric vehicle sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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