NIO Stock Upgrade ?

It's time for the Analysts to review and give an Upgrade to NIO for the below reasons. It might be coming anytime soon today or before the earnings.

1. As reported by Barrons NIO got an upgrade just a week back from Chinese investment bank named China International Capital Corp., or CICC. Analyst Lei Wang upgraded the electric-vehicle maker’s stock to the equivalent of Buy from Hold. What’s more, his price target went to $13.50 from $5.50, up about 145%. 

2. Since it's a chinese stock Analysts never cared but now they are catching up and its due for an analyst rating. I am not talking about the infamous Goldman Sachs Mr Fei Fang who gave a Buy rating then changed it to Hold and then changed it to Sell in a 3 weeks time span. Investors felt he is less credible source because of his inappropriate ratings which can be seen in many investor discussion forums. 

3. There were lot of articles published about NIO stock as costly, use caution. They were right because they thought June 2020 sales deliverable were pure luck for NIO as it never delivered that type of numbers in its history. Today NIO released July 2020 sales- the second best figures that's 2 consecutive sales beat in a row and lots of promising news in the pipeline which will make the same analysts to rethink and reevaluate NIO stock as it is the NEXT Tesla of China. 

4. Analyts are now realizing that NIO built a strong foundation in the last few years with their battery swap facilities, expanding their sales show rooms, NIO houses and so on. Now they are seeing the benefits.

The EC6. Image source: NIO.

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NIO delivered second highest ever of 3,533 vehicles in July 2020, increasing by 322.1% year-over-year

According to the press release from NIO click here to read NIO delivered 3,533 vehicles in July 2020, representing a robust 322.1% growth year-over-year. The deliveries consisted of 2,610 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 923 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV. As of July 31, 2020, cumulative deliveries of the ES8 and the ES6 reached 49,615 vehicles, of which 17,702 were delivered in 2020.

Nio delivered the second highest ever in their history despite floods and production halts.

“In July, we are pleased to have achieved the second-highest monthly delivery results despite the impact on productions due to a 5-day suspension of manufacturing to prepare for EC6 productions and other flood-related supply chain challenges,” said William Bin Li, founder, chairman, and chief executive officer of NIO. “More proudly, we have achieved a record-high monthly order growth, attributed to a stronger demand of the ES8 and ES6, together with the increasing EC6 orders, thanks to the continuous support of our users. We believe we will be able to increase our production capacity significantly to support higher deliveries in the third quarter of 2020.

NIO lost 5 days due to flooding and EC6 production which means they delivered 3533 in 26 days. That is 135 cars per day so the lost 5 days they could have delivered 679 more which adds upto 4212 cars. Bin Li said they see a very strong demand for Ec6 orders there new model. September deliveries will include Ec6 according to Bin Li so September will see a record sales number.

Nio was up 6% in premarket and investors are feeling more positive with the strong guidance and they are expecting a turnaround in the earnings report which will be released in a week August 11 according to NIO.

We believe Nio is a Strong buy. Investors are seeing the value now as NIO was able to produce stellar sales consecutively for the last 2 months.

We see upside movement in the stock which will continue till their earnings report on August 11,2020. If they deliver a good earnings this stock is poised to explode. 

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Nio delivered a total of 4,152 units in July from Chinese news outlet [Unconfirmed]

According to the Chinese news website autohome.cn Weilai [Nio] Automobile delivered a total of 4,152 units in July, of which 2,645 were ES6 and 1,507 were ES8, a record delivery volume.

Today August 03, NIO officially announced the correct numbers. Chinese news outlet autohome.cn was a fake report and misleading one. Please refer here for the correct report.

It looks like the Chinese source which we referenced was taken down. We have a screenshot of the news which translates to the below in English 

The Below report was a fake report which was circulated yesterday...Please refer here for the correct report

Full translation of the news reported as per autohome.cn 

 Weilai [Nio] Automobile delivered a total of 4,152 units in July, of which 2,645 were ES6 and 1,507 were ES8, a record delivery volume. The decline in ES6 sales is to give capacity to the more expensive new ES8. ES8 is expected to continue to rank firmly among the top ten medium and large SUVs. At present, due to parts procurement problems, Weilai's production capacity has reached its limit. Previously, the founder, chairman and CEO of Weilai revealed in an interview with Chewei New Media that Weilai is planning to expand production capacity and it is estimated that production capacity will increase significantly in September. In September, Weilai will usher in a new car EC6 and a 100-degree battery. With the increase in delivery of the new ES8, the reputation of the new ES8 is reported to be huge. The sales volume of Weilai in September is expected to rise to a higher level. According to Weilai President Qin Lihong, Weilai’s previous average delivery price was 450,000 yuan. As the proportion of ES8 rises, this average selling price will continue to rise. As a result, NIO will become the only car brand in the Chinese market that can buy more expensive products. This will give great support to the Weilai brand, and it is also a reflection of the increasing acceptance of the brand by users.

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Technical Analysis: What happened on Friday [July 31] The Short Term and Long Term Support Level on NIO Inc. (NIO)

NIO Inc. (NIO) has seen some recent action in the market and its shares closed at $11.94 on Friday July 31,2020. Overall the market was red but when stocks entered the green territory towards the end NIO was kept below $12. One reason might be the $12 contracts expiring on Friday and the big boys were in play to make sure that it stayed below $12. There was no negative news for Nio on Friday except for the China tensions which will have no effect on Nio stock as discussed on my previous post. Nio only operates in China market and China is the only country which is seeing a big rebound in the economy as most of the countries are still fighting covid-19. Nio will report record sales number tomorrow and shorts will be burned tomorrow for selling it on Friday. 

Long term investors will be rewarded if they hold this stock for long term. 

 

Nio will enter the bullish territory starting Monday.Once it breaks the $13 resistance it should rocket up to the previous high of $16. 

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Why Plug Power, Bloom Energy, and FuelCell Energy Stocks Are All Moving Higher (Again)

So what

It turns out there is some other news in the alternative energy space that may be helping to fuel these stock price gains, and for that news, we turn to the U.S. Department of Energy (DOE). On June 29, the Department of Energy announced a new program to invest $100 million over five years "in two new DOE National Laboratory-led consortia to advance hydrogen and fuel cell technologies research and development (R&D)."  

Soon after that announcement came out, DOE announced that it will begin accepting requests for proposals from the industry on an apparently separate but related project to support the department's "H2@Scale" initiative to promote "large-scale, affordable hydrogen production, storage, distribution, and utilization across multiple sectors" -- worth $24 million. As DOE further explained, it will be looking for contractors able to help it with "advancing hydrogen fueling technologies for medium- and heavy-duty fuel cell vehicles," and also with "addressing technical barriers to hydrogen blending in natural gas."  

Now what

The $124 million up for grabs from these two DOE programs may not sound like a lot of money. But $124 million is nearly twice FuelCell's annual revenue ($69 million), about half of what Plug brings in in a year ($250 million), and even a pretty good chunk of Bloom Energy's annual sales ($795 million). In short, it's a prize worth winning for any of these three companies.

Proposals from would-be contractors on the $24 million contract, at least, are due by close of business on July 31. It's possible we could see above-average stock strength among fuel cell companies all the way up to when a winner is announced.

credit:Themotleyfool

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cheapest electric vehicle in the US -- and it comes from China It's called the Kandi K27

Affordability is tough when it comes to electric cars. Even mass-market EVs are often just a little out of reach for the average car buyer, especially considering how much further a dollar stretches when it comes to a traditional car with an engine.

So, can Kandi and its K27 tempt you with an unusually low price? This is a Chinese electric car that will be the most affordable EV for sale in the US later this year. Kandi revealed the K27 alongside the more expensive K23 model on Wednesday and plans to showcase both cars during a virtual event on Aug. 18.

The K27 costs just $19,999. Kandi promises it's a no-haggle, no-nonsense price. And that's before the $7,500 federal tax credit. That's cheap for any new car, but, well, the price is sort of reflected in the K27's looks.

Honestly, it looks like some sort of weird Smart and Mini Cooper combination. If it snaps necks, it'll be because onlookers are curious what the hell just passed them. We only have one photo of the interior, but it looks pretty no-frills as well. There's a tablet-style infotainment screen (with a blue display that looks bricked in the photo?) and a gear selector below. Next to it sits a dial for various modes. I wouldn't expect soft touch points or anything fancy, but it should check off the box for basic transportation.

The Kandi K23 and K27 look weird

Under the odd design sits a single electric motor that gets its power from a 17.69-kilowatt-hour battery. Drivers should be able to go 100 miles on a single charge, and Kandi acknowledges it won't be the car for long road trips; it's more suited for city dwellers.

While the K27's price makes headlines, the K23 seems more like it's actually geared toward American drivers. It's a small hatchback that looks like an awkward mashup between a Honda Fit and a Smart, but the cockpit looks nice enough. A big, vertical touchscreen sits in the middle and the materials look far nicer. Then again, we only have a couple of photos of the car.

The K23 is costlier at $29,999 before tax credits, but Kandi says it will go 188 miles on a charge. I can't tell if it's an odd proposition or a smart one. A Nissan Leaf, which looks much, much nicer, costs about $1,600 more, but it only has a 150-mile range to start. A Chevy Bolt EV is over $5,000 more, but it packs a 259-mile range.

I guess we'll have to see if Americans will stick their hands in the Kandi jar. The K27 and K23 will first launch in the Dallas-Fort Worth area by the end of this year.

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NIO Price Target Analysis and its set to defy doomsters and open higher, levels to watch.

• NYSE: NIO is set to end the week and the month on a positive note. 
• Nio Inc's shares are seen as expensive while it remains unprofitable.
• Lessons from Elon Musk's Tesla are promising for the firm. 

Is a market capitalization of around $14 billion rich for an electric vehicle company? Some analysts suggest that NYSE: NIO current valuation – with shares trading above $12 – is expensive. The primary reasoning for the downbeat assessment on Nio Inc - ADR stems from a basic business lacking – profitability.

However, it is essential to note that Nio, based in Shanghai, China, was founded only in late 2014 and may need more time to turn a profit. The largest EV firm, Tesla, struggled not only with income but also with cash flow. 

Nio shares were beaten more because of the china-US tensions. It should be noted that Nio don't sell cars in US and there profits come only from china markets. Whatever might happen between US and China it will have no effect on Nio china. Chinese people feel more anti-american than before which will help NIO over its rival Tesla. Like trump China wants them to buy more Chinese manufactured cars and there are more incentives for Nio than Tesla.

On the other hand, Nio has the backing of Beijing. Authorities may encourage locals to purchase the company's cars and thus create a national champion. Elon Musk's Tesla may be the market leader – but while it sells in China, the local rival may gain market share. 

Tense Sino-American relations may weigh on Nio's sales outside its home country, but the vast Chinese market allows ample room for growth. 

With all the above reasons I strongly feel Nio will reach $50 soon.

The next levels to watch are the weekly closing high of $12.70, followed by the mid-July peak of $14.09, and then by the high close of $14.90 achieved earlier in the month. The stretch target for bulls is $16.44, the 52-week high.

Support is found at Monday's low close of $11.69, followed by $11.09, a level recorded in the previous week. The psychologically significant $10 level is next.

Nio Inc - ADR has made a long journey from the 52-week low of $1.19 and is valued at over 11 times that price. 

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