News & Analysis

NIO’s May delivery numbers have arrived

2 June 2022 By Klavs Valters

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NIO Inc. (NIO) reported its latest delivery numbers for May on Wednesday.

The Chinese electric vehicle company delivered 7,024 cars in the previous month – a 11.8% increase year-over-year.

Production and deliveries have been recovering from the constraints caused by COVID-19 outbreaks in China, according to the company, however, it still had a slight impact on the production last month.

The company expects ”to accelerate the delivery recovery starting from June.”

The deliveries in May consisted of:

  • 746 ES8s – the company’s six-seater or seven-seater flagship premium smart electric SUV
  • 2,936 ES6s – the company’s five-seater high-performance premium smart electric SUV
  • 1,635 EC6s – the company’s five-seater premium smart electric coupe SUV
  • 1,707 ET7s – the Company’s flagship premium smart electric sedan

NIO has delivered a total of 204,936 electric vehicles as of 31st May, 2022.

The company will report its Q1 earnings results on the 9th June.

NIO Inc. chart

Here is how the stock has performed in the past year:

  • 1 Month -3.09%
  • 3 Month -19.29%
  • Year-to-date -44.54%
  • 1 Year -57.31%

NIO price targets

  • UBS $32
  • Mizuho $60
  • Morgan Stanley $34
  • Barclays $34
  • Deutsche Bank $70
  • Goldman Sachs $56

NIO is the 17th largest automaker in the world with a market cap of $29.90 billion.

You can trade NIO Inc. (NIO) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: NIO Inc., MarketWatch, Benzinga, CompaniesMarketCap

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