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Thursday, May 19, 2022

NIO Inc. (NIO) Stock Roaring Premarket Following March & Q1 2022 Delivery Updates.

NIO Inc. (NIO) is a leader and pioneer in the premium smart electric vehicle business. The company aims to build a community commencing with smart EVs to share the joy and grow together with users. The company is engaged in the designing, development, manufacturing, and selling of smart premium EVs, electric powertrains, and batteries. Its battery swapping technology is a leading client-focused technology along with BaaS and ADaaS.


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NIO stock price during the regular trading of March 31, 2022, was $21.05 with a decline of 5.05%. Its price outdid as of the writing in the premarket session of April 1, 2022, by 5.84%.

NIO: Events and Happenings

On April 01, 2022, NIO updated on Q1 2022 and its March delivery outcomes. The company delivered 9,985 vehicles and 25,768 vehicles during March 2022 and Q1 2022 respectively, representing a gain of 37.6% and 28.5% YoY. The cumulative deliveries as of March 31, 2022, reached 192,838 vehicles.

On March 09, 2022, NIO reported the successful enlistment of its Class A ordinary shares on The Stock Exchange of Hong Kong Ltd.’s Main Board. On January 31, 2022, NIO announced the completion of the prior announced reacquisition right offer related to the company’s 4.50% Convertible Senior Notes. The offer expired on January 28, 2022. None of the noteholders exercised their reacquisition right, and no notes were surrendered for reacquisition.

NIO: Key Financials

NIO issued its unaudited financial outcomes on March 24, 2022, for the fourth quarter of 2021 ended December 31, 2021. Some key updates are as follows.

Revenue

The company posted total revenues of RMB9,900.7 million during Q4 2021, in comparison to RMB6641.1 million for the corresponding quarter of 2020. The revenue of the company represented a 49.1% gain YoY.

EPS

Net loss basic and diluted for Q4 2021 was RMB2,143.4 million or RMB1.36 per share corresponding to RMB1388.6 million or RMB1.05 per share in the corresponding fourth quarter of 2020. The company’s net loss inclined by 54.4% YoY.

Conclusion

NIO stock price reduced by 40% in the last six months as overall economic conditions suffered gravely during the pandemic. Its price rebounded in premarket following the release of its March and Q1 2022 updates.

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