$NIO (-5,08%) Nio Shatters Delivery Records with Over 31,000 Cars in December, Eyes Faster Growth

$LI (-1,73%) Li Auto Achieves Record December Deliveries Despite Missing Quarterly Guidance

$XPEV (-3,02%) Xpeng Sets New Record with 91,507 Car Deliveries in Q4, Surpasses Guidance

China's EV Market Surges: BYD Tops with 72,100, Tesla and Nio See Notable Growth

EV deliveries China November:

$XPEV (-3,02%) (NYSE:XPEV) delivered 30,895 Smart EVs in November 2024, representing growth of 54% year-over-year and 29% over the prior month. Deliveries of XPENG MONA M03 exceeded 10,000 units for the third consecutive month since its launch. For the first eleven months of 2024, XPENG delivered 153,373 Smart EVs, a 26% increase from the same period last year.

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$NIO (-5,08%) reports November 2024 deliveries of 20,575 vehicles, up 28.9% YoY Nio released its delivery figures for November 2024, reporting a total of 20,575 vehicles delivered, marking a 28.9% year-over-year growth. This included 15,493 vehicles from its premium smart electric vehicle brand, Nio, and 5,082 vehicles from its family-focused brand, ONVO. As of November 30, 2024, Nio’s cumulative deliveries reached 640,426 units.

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$LI (-1,73%) reported 48,740 deliveries for November, up about 19% from a year ago. Based on recent guidance from Li’s third-quarter earnings, the company should deliver about 65,000 cars in December, up 29% from a year ago.

#NIO Inc. Q3 FY2024 #EarningsReport Summary | $NIO (-5,08%)

In the third quarter of 2024, NIO faced challenges including declining average selling prices due to product mix changes. However, it achieved strong operational results with record-breaking deliveries and improved gross and vehicle margins.

📊 Income Statement Highlights (YoY):

▫️ Total Revenue: $2.66B vs $2.73B (-2.1%)

▫️ Net Loss: $721.00M vs $649.56M (+11.0%)

▫️ Adjusted Net Loss (non-GAAP): $628.80M vs $563.58M (+11.6%)

▫️ Gross Profit: $286.05M vs $217.10M (+31.8%)

▫️ Gross Margin: 10.7% vs 8.0% (+270 bps)

▫️ Vehicle Margin: 13.1% vs 11.0% (+210 bps)

▫️ Adjusted Loss from Operations (non-GAAP): $654.20M vs $604.46M (+8.3%)

💼 Balance Sheet Highlights:

▫️ Total Assets: $14.82B

▫️ Cash and Cash Equivalents: $6.00B

▫️ Total Liabilities: $12.53B

🔮 Future Outlook:

Expected Q4 2024 vehicle deliveries: 72,000–75,000 units (+43.9% to +49.9% YoY).

Projected Q4 2024 revenues: $2.80B–$2.90B (+15.0% to +19.2% YoY).

NIO anticipates continued growth driven by the introduction of new models, expanding production of the ONVO L60, and the upcoming launch of its flagship ET9.

Hello my fellow investors and traders, what is your opinion on this stock $NIO (-5,08%) ? I have a fairly large part of my investment in this stock. It seems like it is going down again. Is it a good time to dollar-cost-average now or just wait for it to go up?

In the long term, I don't want to sell them all, but also want to reduce my investment portion in them.

Taking benefit in Nio

$NIO (-5,08%) on fire🔥🚀