News & Analysis
News & Analysis

NIO January deliveries announced

2 February 2024 By Klavs Valters


Chinese electric vehicle company, NIO Inc. (NYSE: NIO), hasn’t had the best start to 2024 with the stock plummeting by 37.05% year-to-date.

That’s despite the company signing battery-swap agreements with other Chinese automakers, including, Changan Automobile, Geely Group, JAC Group and Chery Automobile.

Back in the December, NIO also announced a $2.2 billion investment from Abu Dhabi. You can read more about it here.

On Thursday, the company released the latest delivery numbers for January, which had a rare positive effect on the share price.

NIO delivered 10,055 cars last month, which was up by 18.2% from January 2023.

The company has delivered 459,649 vehicles in total as of 31/1/2024.

The EV maker is expected to announce the latest financial results for the fourth quarter on around 21/3/2024.

Company overview

  • 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)

Stock reaction

The stock was up by 1.60% at the end of trading day on Thursday at $5.71 a share and is currently trading at the lowest level since June 2020.

Stock performance

  • 5 day: -5.46%
  • 1 month: -30.96%
  • 3 months: -26.70%
  • Year-to-date: -37.05%
  • 1 year: -52.26%

NIO stock price targets

  • Mizuho: $15
  • Deutsche Bank: $16
  • CLSA: $14
  • Sanford C. Bernstein: $8
  • JP Morgan Chase & Co.: $10.50
  • Citigroup: $19.20
  • UBS Group: $15
  • Nomura: $7.50
  • Barclays: $8
  • Morgan Stanley: $12

NIO Inc. is the 1367th largest and 5th largest electric vehicle company in the world with a market cap of $11.91 billion.

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Sources: NIO Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap

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