NIO Inc ADR
NIO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $1.90 | Nwxd | Vjmncfmk |
Leading Premium NEV Manufacturer Nio Benefiting From Consumption Upgrade Trend
Business Strategy and Outlook
Nio is a leading electric vehicle, or EV, manufacturer in China, targeting the premium segment. Its current model portfolio’s retail prices range from CNY 298,000 to CNY 598,000, with a 465-710 km driving range. For new models, Nio started delivery of its midsize ET5 sedan in third-quarter 2022, as well as the mid-to-large five-seater SUV ES7. The company also upgraded its first-generation SUV models ES8, ES6, and EC6 in the second quarter of 2023. It also plans to launch a new mass-market brand in 2024 to seize robust demand while retaining Nio’s premium image.