NIO (NIO) Stock Rises on Strong Q4 Sales Forecast and Brand Expansion

Dec 04, 2024

NIO Inc. (NIO, Financial) saw a significant increase in its stock price, rising 5.45% and continuing to gain 1.72% in pre-market trading, reaching $4.72. Guolian Securities highlighted the company's optimistic fourth-quarter guidance, projecting vehicle sales between 72,000 and 75,000 units. The new "Le Tao" brand is expected to ramp up production to 10,000 units in December, with ample orders in hand. While NIO brand sales might face challenges, the Le Tao brand is anticipated to drive overall sales growth. Revenue guidance for the fourth quarter is around 19.676 to 20.383 billion yuan, marking a 15% to 19.2% year-over-year increase.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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