NIO Inc
Nio, a Chinese electric vehicle manufacturer
Nio Stock price
Presentation of the company
NIO (NASDAQ: NIO) is a Chinese Automotive Manufacturer, specializing in the development and production of electric vehicles, founded in 2014. The company's philosophy is to “move towards a positive and sustainable future”. The company is currently only present in the Asian market but wants to start penetrating the international market, starting with Europe, in 2022.
The company has several innovative ideas: the Power Swap, a service that gives the car a set of new batteries and the creation of NIO homes.
The brand currently offers three models for sale, and two in development, with prices starting at around $50,000. In 2021, it has sold more than 90,000 vehicles. As of June 1, 2022, NIO is the ninth largest automotive market capitalization1
Source : macrotrends.com
Source : carsalesbase.com
History of Nio
NIO is a relatively young company, founded in 2014. Their first model is a 1300+ horsepower electric supercar, the EP9, which competed for om the Formula E championship, and broke several records on various tracks.
In 2017, the brand launched its first mainstream model, the ES8 electric SUV. In 2018, NIO introduced the ES6 a compact SUV. In September 2018, the company went public on the New York Stock Exchange with an initial valuation of $1.8 billion.
At the end of April 2020, NIO announced a $1 billion new fundraising financed via a group of Chinese investors. That same year, it launched BaaS, batteries available for rent.
In 2021, NIO’s ES8 SUV was made available for purchase in Norway.
Source : macrotrends.com
Source : statista.com
The market
NIO is a Chinese headquarter company that sells electric cars. China is one of the largest automotive markets in the world, and the largest in terms of electric cars, accounting for 45% of global sales2 , although only 4% of these sales are made internationally. If China sells a lot of electric cars, it produces even more, as almost 60% of electric car production takes place there3.
The global electric vehicle market is still recent. In a concern for sustainable development, the world is increasingly interested in this type of transportation, creating opportunities for new companies specialized in this field.
Electric vehicles continue to improve, whether it concerns autonomy, engine power, or the recharging system. A more companies enter the market it seems likely that improvements and innovation will continue to happen.
China is among the biggest world’s polluter, and the government has shown intention to take measure to limit carbon emission. That has resulted in China in being one of the largest markets for electric vehicles.
Source : statista.com
Source : statista.com4
{4} As of May 16, 2022
Key Figures and Financial Ratio
Market capitalisation as of June 01, 2022: $31.67 billions5
Revenue – FY 2021: $5.153 billions6
Net income – FY 2021: ($1.561) billion7
Dividends paid – FY 2021 : N/A
Earnings per share – FY 2021: -$1.038
Estimated as of June 2022 of the December 2022 debt to equity ratio: 0.499
Source : macrotrends.com
Source : macrotrends.com
GraniteShares Offering Product
NIO
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