NIO (#NIO) weekly uptrend opportunity based On 1.00 Lot Calculation:
GLOBAL EV MARKETS:
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ELECTRIC VEHICLES (EV) MAKE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2021: The total global car market grew just 4.5% in 2021, by around 66.7 million cars. In 2020, the world sold around 63.8 million cars. The estimates say that around 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% from 2020. EV sales represent around 9% of all passenger car sales in 2021. The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales.
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MARKET POTENTIAL: ELECTRIC VEHICLES (EV) ARE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. The 2021 figures of 287.36 billion dollars are an increase of around 76% from 2020’s 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars, the EV market could be growing annually on average by 18.6%.
CHINA EV MARKETS:
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CHINA LEADS THE WAY (2021): EV MAKES AROUND 13% OF THE CAR MARKET IN CHINA, UP FROM 3.5% IN 2020: More than half of the total electric vehicles (EVs) sold worldwide last year (including plug-in hybrids) went to buyers in China. China led global EV growth in 2021 as sales nearly tripled (UP 277%) to 3.4 million (from 0.9 million in 2020). Total number of cars sold in 2021 in China was 26.28 million, and EV made around 13% of the market. Tesla is the largest EV in China, holding some 14% of the markets, followed by GM’s Wulling (~11.8%), BYD (~10%) and NIO with 2.7%.
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CHINA’S EV MARKETS EXPECTED TO GROW BY 61.76% in 2022 TO 5.5 MILLION VEHICLES. Globally, the EV markets are expected to grow from 6.5 million to 9.75 million units in 2022, which is an increase of around 50%. In China, the estimates say that around 25 million cars in total will be sold. The EV would make up around 20% of the total car markets.
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ELECTRIC VEHICLES IN CHINA ARE EXPECTED TO TAKE UP 40% OF CHINA’S CAR SALES BY 2030. Total car sales are expected to grow to 38 million in 2030, while around 15 million (or 40%) to be Electric Vehicles.
NIO:
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THE COMPANY: Nio offers electric vehicles and parts and provides battery charging services. It currently sells the ES8 and ES6 electric SUVs, and a new EC6 electric crossover. In early January 2021 they revealed their new sedan ET7 that will be selling in 2022. On December 18, 2021, they revealed a cheaper sedan ET5, and they plan soon to announce a new model, that of ES7. The company is headquartered in Shanghai, China.
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NIO MADE 2.7% OF THE CHINA’S EV MARKET IN 2021. NIO delivered 91,429 vehicles in 2021 in total, increasing by 109.1% year-over-year. China sold around 3.4 million Electric Vehicles in 2021.
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NIO CAR SALES MAY GROW ON AVERAGE 52.30% ANNUALLY BETWEEN 2022 AND 2025. Nio delivered 91,429 vehicles in 2021, and that number could be expected to jump to at least 469,687 in 2025.
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NIO COULD BE EXPECTED TO MAKE 4.34% OF THE GLOBAL EV MARKET BY 2025 (UP FROM 1.78% IN 2021). Revenue outlook rises from 2021’s $5.14 billion to $24.67 billion in 2025 per year (increase of 379%). With these numbers, Nio may be expected to increase its global market share from current 1.78% to 4.34% in 2025.
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EVENT (EXPECTED: END OF MAY): ES7 MODEL (NEW MODEL) TO BE INTRODUCED.
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SECONDARY LISTING IN SINGAPORE - MAY 20. The company’s shares will continue to be primarily listed and traded on the NYSE. Earlier this year, Nio completed a secondary listing in Hong Kong. The U.S. Securities Exchange Commission added over 80 companies including NIO to a list of companies facing expulsion from U.S. exchanges. According to Bloomberg, Beijing is discussing with American regulators the logistics of allowing on-site audit inspections of Chinese companies listed in New York.
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ANALYST OPINION: Morgan Stanley target is at $34 on the stock. UBS forecasts $32, while Barkley’s at $34 a share. JP Morgan targets $30 a share. Goldman Sachs set a target price of $56 a share. AVERAGE BLOOMBERG ANALYSTS’ CONSENSUS is $38.55 a share.
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STOCK PRICE ACTION: NIO stock made its all-time high of $66.85 in January, 2021. The stock currently trades around $13.5. If a full recovery follows, the stock could increase around 411.37%.
NIO, May 13, 2022
Current Price: 13.78
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NIO |
Weekly |
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Trend direction |
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21.00 |
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19.50 |
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18.30 |
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|
9.50 |
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8.70 |
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8.30 |
Example of calculation based on weekly trend direction for 1.00 Lot1
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Pivot Points |
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Profit or loss in $ |
7,220.00 |
5,720.00 |
4,520.00 |
-4,280.00 |
-5,080.00 |
-5,480.00 |
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Profit or loss in €2 |
6,938.24 |
5,496.78 |
4,343.61 |
-4,112.97 |
-4,881.75 |
-5,266.14 |
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Profit or loss in £2 |
5,908.44 |
4,680.93 |
3,698.91 |
-3,502.51 |
-4,157.19 |
-4,484.53 |
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Profit or loss in C$2 |
9,388.45 |
7,437.94 |
5,877.54 |
-5,565.46 |
-6,605.73 |
-7,125.86 |
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1.00 lot is equivalent of 1 000 units
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Calculations for exchange rate used as of 11:40 (GMT+1) 13/05/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Client Manager for more detail