NIO stock traded up 5% on January 3, 2022, after the company reported a 49% increase in deliveries for December 2021.
NIO delivered 10,489 vehicles in December, 25,034 vehicles in Q4
On January 2, 2022, NIO announced its December, fourth quarter and full year 2021 delivery results. NIO delivered 10,489 vehicles in December 2021, increasing by 49.7% year-over-year. The deliveries consisted of 2,782 ES8s, the company’s six- or seven-seater flagship premium smart electric SUV, 4,939 ES6s, the company’s five-seater high-performance premium smart electric SUV, and 2,768 EC6s, the company’s five-seater premium smart electric coupe SUV. NIO delivered 25,034 vehicles in the fourth quarter of 2021, a new record-high quarterly delivery representing an increase of 44.3% year-over-year. NIO delivered 91,429 vehicles in 2021 in total, representing a strong increase of 109.1% year-over-year. As of December 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 167,070 vehicles. On December 18, 2021, NIO held NIO Day 2021 in Suzhou and launched the ET5, a mid-size premium smart electric sedan, with deliveries expected to commence in September 2022. The pre-subsidy starting price of the ET5 is RMB328,000, or RMB258,000 with Battery as a Service, or BaaS. In addition, the company expects to begin the delivery of the ET7, a flagship premium smart electric sedan, in March 2022.
NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO launched the ES8, a seven-seater flagship premium smart electric SUV in December 2017, and began deliveries of the ES8 in June 2018 and its variant, the six-seater ES8, in March 2019. NIO launched the ES6, a five-seater high-performance premium smart electric SUV, in December 2018, and began deliveries of the ES6 in June 2019. NIO launched the EC6, a five-seater premium smart electric coupe SUV, in December 2019, and began deliveries of the EC6 in September 2020. NIO launched the ET7, a flagship premium smart electric sedan, in January 2021. NIO launched the ET5, a mid-size premium smart electric sedan, in December 2021.
Nio among stocks added to Deutsche Bank’s ‘Fresh Money List’
At the start of every quarter Deutsche Bank asks its top analysts to detail their best investment ideas to own over the next 12 months, which make up the firm’s “Fresh Money List.” 19 new ideas were added to the list: Hertz (HTZ), Monster Beverage (MNST), Dave & Buster’s (PLAY), Skechers (SKX), Capital One (COF), Welltower (WELL), Abiomed (ABMD), Option Care Health (OPCH), Ardagh Metal Beverage (AMBP), Delta Air Lines (DAL), Goodyear Tire (GT), Huntsman (HUN), Nio (NIO), SQM (SQM), Terex (TEX), XPO Logistics (XPO), Global Payments (GPN), Pure Storage (PSTG) and ZoomInfo (ZI).
Bullish Option Flow In NIO Stock
Make sure to review this lesson on option flow so that you understand the image above.
📈 NIO Stock Technical Analysis
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting. NIO is part of the Automobiles industry. There are 27 other stocks in this industry, NIO did better than 44% of them. Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up. NIO is currently trading in the lower part of its 52 week range, which is not a good signal considering the S&P500 Index is trading near new highs.
There is support at 30.91 from a trend line in the weekly time frame. There is also a support zone ranging from 30.00 to 30.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
There is a resistance zone ranging from 39 to 39.02. This zone is formed by a combination of multiple trend lines in multiple time frames. There is also resistance at 41.44 from a trend line in the daily time frame.
The technical rating of NIO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when NIO stock consolidates and is a good long entry.