IB Net Payout Yields Model

NIO: Looking For A Breakout


 

  • NIO Inc. reported mixed March monthly vehicle deliveries of 10,378.
  • The Chinese electric vehicle company still forecasts vehicle deliveries reaching a goal of 250K this year, which appears aggressive after only 31K in Q1.
  • NIO stock is cheap at 1x EV/S multiples, with major multiple expansion possible on hitting breakout EV delivery targets for the year.
The Chinese electric vehicle ("EV") space continues to struggle to rebound from covid restrictions and the lack of subsidies that caused a rush to purchase vehicles at the end of 2022. NIO Inc. (NYSE:NIO) has

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please read the disclaimer page for more details. 

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