The Number Game: NIO stock

Nio Inc. (NYSE: NIO), a Chinese electric vehicle manufacturer, saw its stock rise last week in reaction to rumours that the US and China were close to finalising a key accord. In addition, the company reminded investors of the key points from its April financial report.

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Nonetheless, by the end of the week, the stock had declined more than 3% in value, and it was traded for $16.7 on April 29.

Nio has received some wonderful news from China. According to reports in the media, China and the US are close to finalising an audit agreement, reducing investor fears about Chinese companies being delisted.

The audit agreement will be a huge step forward, as China and the US have been unable to agree on this issue for some years. Signing a contract like this would reintroduce Nio to the eyes of major investors.

Nio has already presented financial numbers, but did so again for investors last week, reaffirming the most important facts and detailing the action plan in light of China’s closure.

At the conclusion of the year, Nio electric car sales totalled $5.2 billion, growing more than 118 percent year over year. The company’s total income rose by 122 percent to $5.7 billion, which includes car sales as well as extra services like battery-as-a-service and battery replacements. The company’s gross profit grew to $1 billion, up 264 percent.

The net loss, however, increased by 88 percent to $1.7 billion. According to Nio’s annual report, the company had $8.7 billion in cash and cash equivalents as well as short-term investments at the end of 2021. According to management, these reserves are sufficient to deal with the uncertainty created by China’s shutdown in the aftermath of a new COVID-19 outbreak.

A new pandemic forced Nio to suspend production in March. The company has not yet resumed full operations. Nio, on the other hand, has not given up on its plans to start selling the ET5 premium mid-size sedan in September 2022. International expansion plans to Norway and other European countries are also unaffected.


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