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- NIO Q4 2023 and full-year results are here
- Founded: November 2014
- Headquarters: Shanghai, China
- Number of employees: 20,000+ (2023)
- Industry: Automotive
- Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO)
- 5 day: -5.28%
- 1 month: -9.20%
- 3 months: -26.31%
- Year-to-date: -39.64%
- 1 year: -38.96%
- Mizuho: $15
- Deutsche Bank: $16
- CLSA: $14
- Sanford C. Bernstein: $8
- JP Morgan Chase & Co.: $5
- Citigroup: $19.20
- UBS Group: $15
- Nomura: $7.50
- Barclays: $8
- Morgan Stanley: $12
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisLast week, Chinese electric vehicle manufacturer NIO Inc. (NYSE: NIO) released its latest delivery numbers for February. On Tuesday, it was time for the company to announce Q4 2023 and full-year financial results. Let’s take a closer look at how the company performed.
NIO achieved revenue of $2.409 billion for the last three months of 2023, which fell below Wall Street estimate of $2.558 billion. Revenue was up by 6.5% year-over-year.
The company reported loss per share of -$0.396, which was more than -$0.337 loss per share expected.
Full year revenue reached $7.833 billion in 2023, up from 7.143 billion the year prior.
Company overview
CEO commentary
“In 2023, NIO set a new delivery record of 160,038 vehicles, ranking first in China’s premium BEV market with an average transaction price over RMB 300,000. At NIO Day 2023, we unveiled ET9, our smart electric executive flagship, showcasing a suite of our latest technologies, including our self-developed AD chip, full-domain 900V architecture, advanced intelligent chassis system and various other industry-leading innovations,” CEO of NIO, William Li said in a statement to shareholders.
“We will soon start deliveries of 2024 NIO products equipped with the highest computing power among production vehicles and constantly enhance users’ driving and digital experience. Meanwhile, we plan to release Navigate on Pilot Plus (NOP+) for urban roads to all NT2.0 users in the second quarter. Our continuous investments in technologies, battery swapping network and user community will bolster our competitive advantages as we navigate the future competition,” Li finished his statement.
Stock reaction
Shares were up by around 2% on Tuesday, trading at $5.44.
Stock performance
NIO stock price targets
NIO Inc. is the 1369th largest and 4th largest electric vehicle company in the world with a market cap of $12.38 billion.
You can trade NIO Inc. (NYSE: NIO) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs.
Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.
Why trade during extended hours?
Sources: NIO Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.
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