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NIO: Looking To Take The Business To The Next Level

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Update - Sept. 28, 2023

Not really sure what to make of NIO possibly seeking even more investments. The converts were a disaster, but the stock has probably bottomed here on the potential Mercedes deal. 

-NIO (NYSE:NIO) tracked higher in early trading on Thursday off a report that the Chinese electric vehicle maker has held exploratory talks with Mercedes-Benz Group AG (OTCPK:MBGAF) for a strategic tie-up.

-Sources told Reuters that the proposed partnership would include the German automaker investing in NIO (NIO) in exchange for technology. NIO (NIO) CEO William Li is said to have discussed the potential collaboration with Mercedes-Benz (OTCPK:MBGAF) CEO Ola Kaellenius earlier in the year. However, there has been resistance within Mercedes-Benz (OTCPK:MBGAF) to pushing ahead with a deal and the talks reportedly did not reach a stage where details on the technology to be transferred and terms of a financial investment were discussed.

Finviz Chart

Original article posted on Aug. 28

  • NIO's Q2'23 results were seen as mixed, with the company struggling to hit financial targets.
  • The company already announced record monthly vehicle deliveries for July, and investors should focus on guidance.
  • The stock is appealing back to the recent lows, with annualized revenues approaching $10 billion.
  • Out Fox The Street members get exclusive access to our real-world portfolios. See all of our investments here » 
NIO (NYSE:NIO) reported Q2'23 results generally seen as mixed, or even negative. The Chinese EV manufacturer continues to focus on massive expansion plans while constantly struggling to hit financials targets. My investment thesis remains more Bullish on the stock dipping briefly below $10 following the quarterly results.

Read the full article on Seeking Alpha. 

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


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