NIO delivers over 10,000 vehicles in July, up 26.7% from last year

Trending News ☀️

NIO ($NYSE:NIO) delivered 10,052 vehicles in July, up 26.7% from last year. The deliveries consisted of 7,579 premium smart electric SUVs, and 2,473 premium smart electric sedans. In the long term, this positive trend is expected to continue, with NIO’s market share and earnings both increasing.

Market Reaction

On Monday, NIO stock opened at $20.2 and closed at $20.2, up by 2.3% from prior closing price of 19.7. NIO’s market cap is now over $20 billion.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on NIO are made simple by VI app. The intrinsic value of NIO share is around $33.2, calculated by VI Line. Now NIO stock is traded at $20.2, undervalued by 39%. This indicates that there is potential for the stock price to increase by 39% in the future.

Summary

The stock price rose 2.3% following the news. NIO is a Chinese electric vehicle manufacturer. The company is headquartered in Shanghai. The stock price rose 2.3% following the news. NIO is a good investment because the company is growing rapidly and has a strong future. The stock price is likely to continue to rise as the company delivers more vehicles and grows its business.