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NIO Inc ADR

NIO: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$2.20VpznyZynxxtpr

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.

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