NIO (#NIO) weekly special report based On 1 Lot Calculation:
GLOBAL EV MARKETS:
- ELECTRIC VEHICLES (EV) MADE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2022: The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales in 2022.
- MARKET POTENTIAL: ELECTRIC VEHICLES (EV) COULD BE 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%.
NIO: COMPANY
- NIO, often dubbed the Chinese Tesla, is a Chinese Electric Vehicle (EV) manufacturer, which has recently expanded into Europe, selling cars in Norway, Sweden, Denmark, Germany and the Netherlands.
- NIO MODELS: NIO produces several models including EC7, ES7, ES8, ET5, ET7, ES6, ET5t, EC6. On December 23, 2023 they introduced a brand new model, ET9, which will start delivering in early 2025.
- NEW BATTERY SWAP TECHNOLOGY: The 4th generation of Nio Power Swap Stations brings faster process of battery swap. According to the company, the new swapping process can now reduce swapping time by 22%.
- AUTONOMOUS CHIP (SHENJI NX9031 SoC): Nio did unveil in- house autonomous driving chip, which will compete with those from NVidia. This kind of chip has been introduced for the first time in China just now.
- NEW INVESTMENTS IN NIO: NIO GETS $2.2 BILLION FRESH CAPITAL FROM ABU DHABI-BASED “CYVN”. CYVN Holdings is an investment vehicle controlled by the government of Abu Dhabi. It is based in Abu Dhabi, U.A.E and is operated by the Abu Dhabi Investment Authority. CYVN will own 20.1% of the company's total issued and outstanding shares. In July, CVYN already invested $738.5 million in NIO.
NIO: EVENTS AND ANALYSIS
- EVENT (January 1): MONTHLY CAR DELIVERY (DECEMBER). NIO has seen an improvement over the past few months and 2023 already looks better in terms of car delivery compared to 2022. Most recently, delivery in November (15,959) posted a 12% of an increase from the same period last year. Considering the year to date period (January to November), Nio has posted an increase of 33.14% from the same period last year.
Table I: Nio Car Delivery (January – November) Since 2020
DATA SOURCE: NIO.COM
NIO: PRICE ACTION
- STRONG SUPPORT AT $7.00 MAINTAINED OVER THE PAST ONE YEAR. Nio has tested the area four times since late 2022, showing strong support at $7.00 a share.
Graph (Weekly): NIO (December 2022- December 2023)
Source: Fortrade MetaTrader4
Please note that past performance does not guarantee future results.
- THE STOCK HAS TRADED AROUND 86% BELOW ITS ALL- TIME HIGH OF $66.88 (January 11, 2021). Nio was last trading around $9.00, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 643%. However, the price could decline further.
- ANALYSTS OPINIONS: Morgan Stanley forecasts $18.70. Muziho forecasts $15.
#NIO, December 27, 2023
Current Price:9.00
|
Nio |
Weekly |
|
Trend direction |
|
|
15.00 |
|
|
13.00 |
|
|
11.00 |
|
|
7.30 |
|
|
7.00 |
|
|
6.80 |
Example of calculation based on weekly trend direction for 1 Lot1
|
NIO |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
6,000 |
4,000 |
2,000 |
-1,700 |
-2,000 |
-2,200 |
|
Profit or loss in €2 |
5,432 |
3,621 |
1,811 |
-1,539 |
-1,811 |
-1,992 |
|
Profit or loss in £2 |
4,721 |
3,147 |
1,574 |
-1,338 |
-1,574 |
-1,731 |
|
Profit or loss in C$2 |
7,920 |
5,280 |
2,640 |
-2,244 |
-2,640 |
-2,904 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 10:00 (GMT) 27/12/2023
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