NIO Inc Class A 09866

Morningstar Rating

Company Report

Price vs Fair Value

09866 is trading at a LOCK|M?Gz^w> premium.
Price
HK$26.32
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Nio has successfully built its premium brand image, which will differentiate the company from its mass-market competitors and generate extra pricing power for the company’s electric cars.

Bears

Intense competition in China’s auto industry will place pricing pressure on automakers. The company will need to offer promotions and discounts to consumers, which will weigh on its vehicle margin outlook.

Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Shares Outstanding
2.51B
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
0.50
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations, such as battery swapping and autonomous driving. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 326,000 EVs in 2025, accounting for about 2% of China's passenger new energy vehicle market.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Large Value
Total Number of Employees
35,032

Competitors

Valuation

Metric
09866
TSLA
01211
Price/Earnings (Normalized)
—214.2619.64
Price/Book Value
14.0616.482.36
Price/Sales
0.5012.720.75
Price/Cash Flow
—90.525.02
Price/Earnings
09866
TSLA
01211

Financial Strength

Metric
09866
TSLA
01211
Quick Ratio
0.681.230.39
Current Ratio
1.021.740.87
Interest Coverage
−4.118.0810.27
Quick Ratio
09866
TSLA
01211

Profitability

Metric
09866
TSLA
01211
Return on Assets (Normalized)
−3.39%5.47%3.80%
Return on Equity (Normalized)
−135.01%9.35%14.99%
Return on Invested Capital (Normalized)
−9.12%6.77%9.68%
Return on Assets
09866
TSLA
01211

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