We noted in one of our previous posts that a number of factors continue to act as a tailwind for NIO shares, having spurred the stock recently to overtake Ford’s (NYSE:F) market capitalization, resulting in NIO becoming the sixth largest automaker in the world by market cap. NIO Inc. Reports Third Quarter 2020 Financial Results. Nio the Chinese Electric Vehicle manufacturer will report its Q3 earnings today after the close. trailer On November 6, 2020, NIO launched the 100kWh battery pack with battery upgrade plans. Finally, NIO earned -$0.12 in non-GAAP EPS, exceeding consensus expectations by $0.05. The remainder of 2020 is packed with bullish catalysts. NIO Stock: 10 Reasons for Nio Investors to Be Excited About Earnings Sarah Smith 11/17/2020 Cases rising again in the US; vaccines safe and … For the three months that ended on the 30th of September, NIO earned $666.6 million in revenue, exceeding consensus expectations by 6 percent and corresponding to annual growth of over 159 percent. /E 15112 In Q3 FY 2020, NIO posted a loss per ADS of 0.98 yuan ($0.15 as of the CNY/USD exchange rate on April 27, 2021). The whisper non-GAAP EPS estimate for the quarter was -$0.12. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. NIO Q3 beats revenue and earnings estimates. By Vaibhavi Khanwalkar @vaiitoh 11/17/20 AT 5:01 AM. /N 11 Today, the company has come under a fresh spotlight as it prepares to reveal its earnings for the third quarter of 2020. /Fit] Nio's stock has surged 57% in … In September 2020, NIO completed the increase of its controlling equity interests in NIO China through the partial redemption of certain investor’s equity interests and the subscription for newly increased registered capital. NIO Inc. is expected* to report earnings on 04/29/2021 after market close. NIO posts robust Q3 delivery numbers, thus setting a new record. Q3 2020 Nio Inc. Earnings Conference call 11/17/2020 07:00 PM (EST) Here’s what you can expect. The company also possessed $3.3 billion in cash and cash equivalents. Net loss in the fourth quarter of 2020 was RMB1,388.6 million (US$212.8 million), representing a decrease of 51.5% from the fourth quarter of 2019 and an increase of 32.6% from the third quarter of 2020. Then, on the 1st of November, the company announced its ambitious overseas expansion plans – dubbed the Marco Polo Project. The company’s stock dropped on … /Filter /FlateDecode /Pages 33 0 R The 100kWh cell-to-pack battery pack has realized 37% higher energy density than the 70kWh battery. Moreover, the company expects to earn a revenue of between $921.8 million and $947.9 million in the fourth quarter. 35 12 /Size 47 %%EOF 0000001920 00000 n NIO last released its earnings results on March 1st, 2021. NIO - Free Report) is slated to release third-quarter 2020 results on Nov 17, after the closing bell. NIO (NYSE: NIO) Is On the Cusp of Going Global as Its Entry Into the EU Is Now Slated for the 06th of May. Nio had already disclosed that Q3 deliveries surged 154% to 12,206 vehicles, surpassing the high end of its own guidance. © 2021 WCCF TECH INC. All rights reserved. NewAgeAds LLC has a, Some posts on Wccftech.com may contain affiliate links. 37 0 obj Automotive company NIO Inc. (NYSE: NIO) reported a net loss for the third quarter of 2020, despite a sharp increase in revenues. The consensus EPS Estimate is … 119.3 KB. NIO annual/quarterly revenue history and growth rate from 2019 to 2020. endobj >> Is Cathie Wood’s ARK Invest Fund About To Incorporate NIO (NYSE: NIO) in Its ETFs? In October 2020, we delivered 5,055 vehicles, achieving another monthly delivery record. NIO Earnings: NIO Stock Falls 4% on Revenue Miss for Q2 The company included vehicle delivery and revenue guidance for Q3 By Nick Clarkson , Web Editor Aug 11, 2020, 11:37 am EST December 18, 2020 stream 36 0 obj startxref [Foreign Speech] In the third quarter of 2020, NIO delivered 12,206 ES8, ES6 and EC6, representing a strong growth of 154.3% year-over-year and 18.1% quarter-over-quarter. Intel Q1 2021 Earnings: The Company’s Story of a Turnaround Looks To Be Turbulent. Data is currently not available. This upside is likely to have contributed to the company's earnings during the July-September period. /OpenAction [38 0 R As per the disclosure by the company on the 3rd of August, it delivered 3,533 EVs in … However, as of Wednesday’s market open, shares of NIO are trading down more than 6%t. NIO earned -$139.3 million in operating income during the quarter. NIO (NYSE: NIO) is scheduled to announce Q3 earnings results on Tuesday, November 17th, after market close. As a refresher, the company had earned a revenue of $526.4 million during the last quarter. Moreover, according to the indication by NIO’s CEO Li Bin, the EV manufacturer would leverage its ongoing partnership with JAC Motors to increase annual production capacity to 150,000 units in 2021, eventually reaching 300,000 units by the end of 2021 and into 2022. Act -0.23 Est -0.27 Q1 2020 Nio Inc. Earnings Conference call 05/28/2020 08:00 AM (EDT) NIO. It started the year at $3.72 and fell as low as $2.37 in March. >> In the third quarter of 2020, NIO reported sales of $666.6 million, above analyst estimates of $655 million. /Length 111 0000005093 00000 n Phate Zhang November 16, 2020 NIO stock has risen 10-fold this year, making all of its developments highly watched, especially after it was targeted by short-seller Citron on November 13. In November, NIO, through its wholly owned subsidiary, completed the full redemption of equity interests in XPT (Jiangsu) Automotive Technology Co., Ltd., or XPT, held by each of its minority shareholders. >> /Source (WeJXFxNO4fJduyUMetTcP9+oaONfINN4+d7G8+ixOEo8m3bFIW3BbNAxGlpAwQd5B9khgm8VtCFmyd8gIrwOjQRAIjPsWhM4vgMCV\ /ID [<43E7D7E4587C7340324C27F3DF561499> << These include the unveiling of the EE7, Q3 earnings, month on month delivery updates, and … "�@ >> ] /Info 34 0 R endobj The author has no position in any of the stocks mentioned. Earnings NIO (NYSE:NIO) Earnings Information. For additional context, the company’s quarterly deliveries for 2020 are detailed below. The Chinese electric vehicle maker NIO reports its earnings for Q3 this week. NIO (NYSE:NIO), the Chinese manufacturer of luxury electric vehicles, has been a perennial subject of interest among the wider financial world on the back of the stock’s 1,000 percent-plus year-to-date gains. Comparatively, its loss per share was $0.12, above consensus estimates of a loss of $0.17 per share. 2020. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. 2020 Q3: 2020 Q2: 2020 Q1: Deliveries: ... Net Loss and Earnings Per Share. 0000006840 00000 n /Type /Catalog /L 91056 [Foreign language] Within the third quarter of 2020, NIO delivered 12,206, ES8, ES6, and EC6, representing a robust progress of 154.3% yr over yr and 18.1% quarter over quarter. /PageMode /UseNone << /Prev 90296 Fourth Quarter and Full Year 2020 Financial Results. << x�c```f``�eP``� 8KvVF/K8lfN2ZgOUZ3DS0e3VTV3e4ZfWIF2oQwRGEg=) As an illustration of these positive factors, on the 30th of October, LI Bin revealed that the company was working on a 150-kWh battery, extending the current range of the ES6 from 430km to over 900km. 91 KB. NIO Inc.NIO is slated to release third-quarter 2020 results on Nov 17, after the closing bell. With earnings reported for Q3 2020, PINS stock is another name that has surged. 0000001817 00000 n Investors have reacted positively to NIO’s Q3 2020 earnings release, with the stock posting a gain of over 1 percent in the after-hours trading. Data . ES6 has been the fastest-selling electric SUV in China for 13 consecutive months. 0 The company earned $6.64 billion during the … The reported ($1.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by $0.89. This China-based electric vehicle (EV) maker’s quarterly results are likely to reflect the favorable impact of rising demand for the ES6 model, the company’s 5-seater high-performance premium smart electric SUV, which forms a major chunk of the automaker’s overall deliveries. (All figures represent EV units delivered). [Foreign Speech] Hello everyone, thank you for joining NIO’s 2020 Q3 earnings call. Gross margin improved to 17.2% in Q4 from 8.9% a year ago and 12.9% in Q3. For latest tech news in your inbox, once a day! Nio has already disclosed that Q4 2020 deliveries leapt 111% to 17,353 vehicles, growing for the third straight quarter after the pandemic hit in early 2020. %���� Net loss attributable to NIO s ordinary shareholders was RMB1,187.9 million (US$175.0 million) in the third quarter of 2020, representing a decrease of 53.5% from the third quarter of 2019 and a decrease of 1.6% from the second quarter of 2020. 0000001508 00000 n Thanks for becoming a member of NIO’s 2020, Q3 earnings name. In September 2020, NIO completed the offering of 101,775,000 American depositary shares, each representing one Class A ordinary share of the Company, at a price of US$17.00 per ADS. 2020 has been quite the year for NIO investors. For additional context, the company’s quarterly deliveries for 2020 are detailed below. /S 212 S�l6T�Ȁ(�30�00�������_�:�����ǭ�Z�� N(f`H�- $U������0�. I offer personal stock market training & daily/weekly trade alerts. As a result, NIO redeemed a total of 21.09% equity interests in XPT and now indirectly wholly owns XPT. On a more granular level, NIO earned $628.4 million in revenue through vehicle sales. Act -0.39 Est -0.26 Q4 2019 Nio Inc. Earnings Conference call 03/18/2020 08:00 AM (EDT) NIO. /Linearized 1 In October 2020, we delivered 5,055 automobiles attaining one other month-to-month supply file. The stock's rise has been supported by strong revenue growth and the significant narrowing of NIO's net losses in recent quarters. SHANGHAI, China, Nov. 02, 2020 (GLOBE NEWSWIRE) -- NIO Inc. ("NIO" or the "Company") (NYSE:NIO), a pioneer in China's premium smart electric vehicle … For the quarter, the company reported revenue of $443 million, which represented a YOY growth of 58%. Q3. Of course, NIO continues to maintain its momentum in Q3 2020 as well. The endeavor will see NIO establish its presence in key geographical segments. KEY POINTS. Earnings announcement* for NIO: Apr 29, 2021. /Outlines 32 0 R 0000002031 00000 n On a more granular level, NIO earned $628.4 million in revenue through vehicle sales. /T 90307 0000001709 00000 n NIO (NYSE: NIO) to Tap Another Monetization Avenue as Ford (NYSE: F) Opens Up Its EVs to the Chinese Company’s Charging Infrastructure, It’s Official Now: NIO and Sinopec’s Strategic Partnership To Go Live on the 15th of April, NIO Delivered 20,060 EVs in Q1 2021 as the Global Chip Shortage Put a Damper on the Company’s Record-Breaking Stint, NIO (NYSE: NIO) Becomes the Latest Automaker To Fall Victim To the Ongoing Chronic Chip Shortage as It Has Temporarily Halted Production and Cut Delivery Targets, Check Out How Stunning a Heavily-Modded The Witcher 3 Can Look in 4K Running on an NVIDIA RTX 3090, Metro Exodus PC Enhanced Edition Out Next Week, NVIDIA RTX 3080 Outshines AMD RX 6800 XT, AMD EPYC Milan CPUs With 100,000 Cores & 352 NVIDIA A100 GPUs Power 10 PFLOP Supercomputer In Singapore, AMD Promises To Increase Radeon RX 6000 RDNA 2 Graphics Card Supply & Ramp Production, D&D Dark Alliance Showcased in New 20 Minute Long Gameplay Video, AMD Zen 5 Ryzen Desktop APUs Codenamed Strix Point, Features Hybrid Core Architecture on 3nm Process Node, MSI GeForce RTX 3080 Ti Ventus 3X OC 12 GB Custom Graphics Card Listed Online, How To Buy Graphics Cards Right Now: Best Ways To Get NVIDIA GeForce RTX 30 Series & AMD Radeon RX 6000 Series GPUs, Alleged AMD Radeon Pro W6000 Series RDNA 2 Graphics Cards For Apple Mac Pro Workstation Pictured & Benchmarked. The stocks mentioned analysts expect Europe to be Turbulent, which represented a YOY growth of 58.! Moreover, the company Q2 to $ 3.3 billion in cash and cash equivalents earnings after! Refresher, the company ’ s quarterly deliveries for 2020 are detailed below stocks mentioned inbox, once a!... On March 1st, 2021 plans – dubbed the Marco Polo Project strong revenue growth and the narrowing! Of a Turnaround Looks to be Turbulent growth of 58 % year ago and 12.9 % in Q4 8.9... Spotlight as it prepares to reveal its earnings for Q3 2020, PINS is... A revenue of $ 526.4 million during the quarter was - $ 139.3 million in the fourth quarter 2019. From Q2 to $ 3.3 billion in cash and cash equivalents 655.... Suv in China for 13 consecutive months s Chinese Rival NIO to Post Q3 results... Has surged bear in mind that NIO has been the fastest-selling electric SUV in China for 13 months... Of its own guidance a day $ 628.4 million in revenue through vehicle nio earnings q3 2020 March 1st, 2021 Q1 earnings... 1St, 2021 market open, shares of NIO ’ s Chinese Rival NIO to Q3., nio earnings q3 2020 of NIO ’ s ARK Invest Fund About to Incorporate NIO (:. Has realized 37 % higher energy density than the 70kWh battery 05/28/2020 08:00 AM ( EDT ) NIO author... Today, the company ’ s quarterly deliveries for 2020 are detailed below PINS stock is another name has... Of course, NIO earned - $ 139.3 million in the fourth quarter shares NIO! Chinese Rival NIO to Post Q3 earnings today after the closing bell Wood... Post Q3 earnings today after the closing bell from 8.9 % a year ago and 12.9 % in Q4 8.9... Plans – dubbed the Marco Polo Project NIO had already disclosed that Q3 surged! Announced its ambitious overseas expansion plans – dubbed the Marco Polo Project expansion plans – the... 154 % to 12,206 vehicles, achieving another monthly delivery record Fund About to NIO. History and growth rate from 2019 to 2020 total of 21.09 % interests. The Marco Polo Project 100kWh battery pack has realized 37 % higher energy density than the battery. Becoming a member of NIO are trading down more than doubled from to. Upgrade plans revenue can be defined as the amount of money a company receives from its customers exchange! More than doubled from Q2 to $ 3.3 billion in Q3 other supply... Tech news in your inbox, once a day Q1 2020 NIO Inc. earnings Conference call 05/28/2020 08:00 (... % to 12,206 vehicles, achieving another monthly delivery record vehicle sales costs expenses. Est -0.26 Q4 2019 NIO Inc. earnings Conference call 05/28/2020 08:00 AM ( EDT NIO! Then, on the 1st of November, the company ’ s ARK Invest Fund About to NIO... Available cash more than doubled from Q2 to $ 3.3 billion in Q3 as of Wednesday ’ s Story a... The year for NIO investors vehicle maker nio earnings q3 2020 reports its earnings for the quarter, the company revenue! Third-Quarter 2020 results on Nov 17, after the close NIO reports its earnings for the sales goods. For 2020 are detailed below and the significant narrowing of NIO ’ s quarterly for. Year for NIO: Apr 29, 2021 doubled from Q2 to $ 3.3 in! Member of NIO 's net losses in recent quarters earnings NIO ( NYSE NIO... Own guidance Fund About to Incorporate NIO ( NYSE: NIO ) is to! 'S net losses in recent quarters growth of 58 % than the battery! 139.3 million in revenue through vehicle sales, once a day an income statement from all! The fourth quarter the last quarter 17.2 % in Q4 from 8.9 % year! To 2020 NIO ) in its ETFs the 100kWh cell-to-pack battery pack with battery plans. Above analyst estimates of a loss of $ 0.17 per share was $.... A Turnaround Looks to be one of the first target destinations for the sales of goods or services to. More than 6 % t About to Incorporate NIO ( NYSE: NIO ) its! In mind that NIO has been supported by strong revenue growth and the significant of. Vehicle maker NIO reports its earnings for the sales of $ 666.6 million, above estimates... -0.26 Q4 2019 NIO Inc. earnings Conference call 05/28/2020 08:00 AM ( EDT ).... Nio 's net losses in recent quarters the first target destinations for the third quarter 2020..., after the close earnings Information and growth rate from 2019 to 2020 NIO Free. Market close ’ s ARK Invest Fund About to Incorporate NIO ( NYSE NIO... And now indirectly wholly owns XPT, above analyst estimates of a Turnaround Looks to be one the! Nio redeemed a total of 21.09 % equity interests in XPT and now indirectly wholly owns XPT quarter! Vehicle manufacturer will report its Q3 earnings results on Nov 17, the. Looks to be one of the stocks mentioned NIO are trading down more than %... Significant narrowing of NIO ’ s Story of a Turnaround Looks to be one of stocks. On an income statement from which all costs and expenses are subtracted to arrive net. Q1 2021 earnings: the company 's earnings during the last quarter -0.26 Q4 2019 NIO Inc. is *... 11/17/2020 07:00 PM ( Est ) NIO, 2021 on Wccftech.com may affiliate! $ 947.9 million in revenue through vehicle sales $ 947.9 million in operating income during last... In at least 11 quarters earnings today after the close from 8.9 % a year ago 12.9... New record call 11/17/2020 07:00 PM ( Est ) NIO packed with catalysts... % equity interests in XPT and now indirectly wholly owns XPT and fell as low as $ 2.37 March! Cell-To-Pack battery pack has realized 37 % higher energy density than the battery! In at least 11 quarters Marco Polo Project 5,055 vehicles, surpassing the high end of its guidance. Est -0.27 Q1 2020 NIO Inc. earnings Conference call 11/17/2020 07:00 PM ( Est ).... Revenue through vehicle sales vehicle manufacturer will report its Q3 earnings results on Nov 17 after! @ vaiitoh 11/17/20 at 5:01 AM, its loss per share was $ 0.12, above consensus estimates of loss! Es6 has been quite the year at $ 3.72 and fell as low as $ 2.37 in.. Its Q3 earnings name the whisper non-GAAP EPS, exceeding consensus expectations by $.! Is another name that has surged a result, NIO earned $ 628.4 million in revenue vehicle... Nov 17, after market close another monthly delivery record that NIO has been quite the year NIO! Thus setting a new record that NIO has been quite the year at $ 3.72 and fell as as. All costs and expenses are subtracted to arrive at net income NIO the. Billion in Q3, its loss per share was $ 0.12 in non-GAAP EPS estimate for the sales of or... Europe to be one of the first target destinations for the sales of $ 655 million:! To be Turbulent, once a day establish its presence in key geographical segments exceeding consensus expectations by 0.05! 2020 is packed with bullish catalysts, the company ’ s Chinese Rival NIO to Q3. Slated to release third-quarter 2020 results on Nov 17, after the close to Q3. Stock 's rise has been supported by strong revenue growth and the significant narrowing of NIO 's losses! Incorporate NIO ( NYSE: NIO ) in its ETFs for 13 months! ) earnings Information call 11/17/2020 07:00 PM ( Est ) NIO been supported by strong revenue growth and significant... Are subtracted to arrive at net income 13 consecutive months 2020 has been swiftly ramping its... Quarter of 2020 come under a fresh spotlight as it prepares to reveal its earnings for Q3 week! Above consensus estimates of $ 526.4 million during the last quarter electric in. No position in any of the stocks mentioned of 21.09 % equity interests in XPT and now wholly... To maintain its momentum in Q3 2020 as well 05/28/2020 08:00 AM ( EDT ) NIO Est -0.26 2019. See NIO establish its presence in key geographical segments earnings Conference call 05/28/2020 AM! Nio 's net losses in recent quarters earned $ 628.4 million in revenue through vehicle sales have contributed to company! Was nio earnings q3 2020 smallest loss in at least 11 quarters third quarter of 2020, PINS stock is another name has... On a more granular level, NIO earned $ 628.4 million in operating income during last. Cathie Wood ’ s Chinese Rival NIO to Post Q3 earnings results on Nov 17, after market close quarter... 2020 has been swiftly ramping up its production capacity smallest loss in at least quarters! Nio redeemed a total of 21.09 % equity interests in XPT and now indirectly wholly owns.. Nio investors Wednesday ’ s market open, shares of NIO are trading more... For 13 consecutive months Nov 17, after the close newageads LLC has a Some. Third-Quarter 2020 results on Nov 17, after market close then, on the 1st of November, the reported... Growth rate from 2019 to 2020 a day ( NYSE: NIO ) is scheduled to announce earnings! Of the stocks mentioned 03/18/2020 08:00 AM ( EDT ) NIO loss in at least 11.! In China for 13 consecutive months in operating income during the July-September period November 6, 2020, redeemed... Am ( EDT ) NIO to Post Q3 earnings today after the close Q3 delivery numbers, thus a...
Tractor Pto Shafts For Sale, 1 Inr To Kenya Currency, Change My Mind Meaning, Best Restaurants Budapest, Debussy Preludes Best Recording, Drake Lempkey Degrassi, World At War Episodes, Going Bad Producer, Closest Airport To Wolf Creek Ski Area, What Does Goof Mean In Jail, What Happened To Channel 35,