NIO Inc. (NIO) 30-day option implied volatility at 81

EV Santa Claus rally muted in China as subsidies expire

Chinas new electric vehicle penetration was largely muted in December despite several auto brands announcing promotional campaigns and a decent sales recovery for passenger vehicles following the easing of quarantine/mobility restrictions and testing requirements. J.P. Morgan analyst Rebecca Wen noted that the usual peak season rally is not happening for the year despite this being the last year of Chinas long-running NEV subsidy program.

Wen... More

China Renaissance cuts price target on Nio (NIO) following guidance adjustment

Shares of Nio Inc. (NYSE: NIO) are up 2.14% in pre-market trading on Thursday after China Renaissance reiterated a Hold rating and cut their price target for the electric vehicle maker to $10.40 (From $12.30). The price adjustment follows the companys December 27th announcement of cuts to 2022... More

Morgan Stanley remains positive on Nio (NIO) following guidance cut

Morgan Stanley reiterated an Overweight rating and $16.10 price target on Nio Inc. (NYSE: NIO) after the Chinese electric vehicle maker decided to cut 4Q delivery guidance to 38.5-39.5k units (from 43-48k). According to the company, the guidance cut mainly reflects Covid-led disruptions in deliveries/production, as well as lingering supply... More

Nio (NIO) trades down following 2022 investor event

Bank of America Global Research maintained a Buy rating and $15 price target on Nio Inc. (NYSE: NIO). The Chinese electric vehicle maker is down 6.30% in early trading on Tuesday after hosting the companys 2022 NIO Day on December 24th. During the event, NIO unveiled its new coupe SUV model EC7, set to be delivered in May 2023. The... More