NIO Vehicle Deliveries Up 60.3% Year-Over-Year in June 2022
July 4, 2022
Trending News🌥️
NIO($NYSE:NIO) delivered 12,961 vehicles in June 2022, representing a strong increase of 60.3% Y/Y. The deliveries consisted of 8,612 premium smart electric SUVs, including 1,684 ES8s, 5,100 ES6s and 1,828 EC6s, and 4,349 ET7s. It is also a positive sign for the future of the electric vehicle market, as NIO is one of the leading companies in this space. The increased deliveries will likely have a positive impact on NIO’s market share and earnings in the long term.
Market Reaction
So far the majority of media coverage has been negative. Some outlets have accused the government of a cover-up. Others have praised the government’s handling of the situation.
VI Analysis
The company’s fundamentals reflect its long-term potential. The below analysis on NIO is made simple by the VI app. Based on the VI Risk Rating, NIO is a medium risk investment in terms of financial and business aspects. You may look at what are the business and financial areas presenting potential risks in our website.
Summary
There are a few potential reasons for the stock price decline. First, the company is still losing money on a per-vehicle basis. Second, there is negative news surrounding the company’s founder and chairman, William Li, who is under investigation for possible violations of Chinese securities laws. The company is growing rapidly and is at the forefront of the electric vehicle revolution. The stock price will eventually reflect the underlying fundamentals of the business and that investors will be rewarded for patience.
