NIONIO
About: Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.
Employees: 32,820
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
3% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 137
1% less funds holding
Funds holding: 471 [Q1] → 464 (-7) [Q2]
7.57% less ownership
Funds ownership: 21.83% [Q1] → 14.25% (-7.57%) [Q2]
12% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 58
16% less capital invested
Capital invested by funds: $1.62B [Q1] → $1.36B (-$259M) [Q2]
32% less call options, than puts
Call options by funds: $229M | Put options by funds: $337M
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Nick Lai 100% 1-year accuracy 4 / 4 met price target | 52%upside $8 | Overweight Upgraded | 6 Sept 2024 |
B of A Securities Ming Hsun Lee 67% 1-year accuracy 6 / 9 met price target | 1%upside $5.30 | Neutral Maintained | 5 Sept 2024 |
Citigroup Jeff Chung 75% 1-year accuracy 3 / 4 met price target | 33%upside $7 | Buy Maintained | 4 Sept 2024 |
Financial journalist opinion
Based on 70 articles about NIO published over the past 30 days