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Nio Earnings: Revenue In Line, but Vehicle Margin Missed; Near-Term Pricing Pressure Remains
We’ve reduced our fair value estimate of Nio’s stock.
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Vincent Sun, CFA, is an equity analyst for Morningstar Asia Limited, a wholly owned subsidiary of Morningstar, Inc. He covers the China auto/electric vehicle industry and related suppliers.
Before joining Morningstar in 2022, Sun was an executive director at a leading Chinese Internet company, conducting activities related to strategic investment and the capital markets. Prior to that, he spent more than eight years working as an equity analyst in Hong Kong and covered China's auto industry as a vice president at Deutsche Bank.
Sun holds a Master of Science from the University of British Columbia's Sauder School of Business and a bachelor's degree in business administration from Shanghai Jiao Tong University. He also holds the Chartered Financial Analyst® designation.