Guosheng Securities initiated coverage on Nio with a Buy Rating and a $50 Price Target – implying 72% upside for the next months. On January 21th, 2022, the Luxury Chinese EV maker hit a new 52 Week Low at $27.23. Despite the recent catalysts, share price is 55.85% down in the last 12 months and almost 14% down year to date.
“The company is a first-mover in the high-end electric vehicle market and is bullish on its potential for intelligence and the expansion of its user base with lower-priced products.” — the Analysts said on the released note.
Last week, the company the launching of another two Battery Swap Stations in China reaching the 800th milestone. The company also announced a partnership with the Swedish furniture retailer Ikea saying that they will build more stations on IKEA stores around China.
The new episode of the U.K. show Fifth Gear Recharged is dedicated to the Chinese EV maker Nio. The hosts went to Norway to test NIO ES8 Model and the innovative system of swapping vehicle’s battery beside the already known SuperCharging method.
During last December, NIO delivered +10k vehicles for the second month in a row (130,000 Annual Sales pace). William Li, CEO of NIO, said that the 100% Deliveries growth Year-over-year “is expected to be maintained that pace in 2022” which means the company will deliver +180,000 vehicles according to the expectations.
Last week, Nio officially opened its first European Battery Swap Station, located in Norway – the first European Country for the Chinese EV maker. By the end of 2022, Nio will have Stations in five different Norwegian cities, with a total of 20 for the Norwegian customers.
For this year, the main catalysts are the expansion to another 4 European countires (Germany, Denmark, Sweden and The Netherlands); ET7 deliveries beginning on March 28th, a new SUV model (ES7) in Q2/ Q3 and its deliveries in Q4, 1300 Battery Swap Stations by the year end and the start of the ET5 Model deliveries next September.