Is NIO Stock A Buy Or Sell After The Q2 Earnings Report?

Aug. 30, 2021 4:26 PM ETNIO Inc. (NIO)20 Comments


  • NIO's second quarter losses continued to narrow as a result of strong vehicle sales and lowered material costs, despite ongoing supply chain disruptions experienced across the industry.
  • Overseas expansion efforts are also progressing smoothly, with the rollout of NIO's suite of products and services in Norway to begin in September as planned.
  • NIO is also looking to further its market share with the launch of a separate brand that will offer lower-priced EVs and drive greater mass-market appeal.
  • The company has also been relentless in improving its technology, with the latest development being the anticipated launch of the 150 kWh solid-state battery pack in Q4 2022, which carries a range capability of up to 620 miles on a single charge.
  • Combined with accelerated global EV adoption trends, NIO is well-positioned for further upside ahead. Our outlook on the stock remains bullish, with a 12-month price target set at $59.74.
NIO ES6 electric SUV semi-autonomous car near company office
Michael Vi/iStock Editorial via Getty Images

NIO (NYSE:NIO) continued to narrow its losses with strong vehicle sales volumes and lowered material costs during the second quarter. The results have been a key indicator of the electric vehicle (“EV”) start-up’s strength, as industry rivals mostly warned of further pressure on

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Disclosure: I/we have a beneficial long position in the shares of NIO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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