tl;dr
NIO (NYSE:NIO) shares are receiving a boost on Monday as the Chinese EV company plans to launch a new mass-market brand by the end of May. Additionally, a senior executive at NIO stated that the company aims to introduce a second smaller EV priced under $30K for the European market by 2025, as repor...
NIO (NYSE:NIO) shares are receiving a boost on Monday as the Chinese EV company plans to launch a new mass-market brand by the end of May. Additionally, a senior executive at NIO stated that the company aims to introduce a second smaller EV priced under $30K for the European market by 2025, as reported by Reuters. The move towards lower-cost and smaller model EVs is perceived as a strategy to compete with Tesla's (TSLA) Model 3 and similar models from Chinese competitors such as XPeng (XPEV), BYD (BYDDF, BYDDY), and Xiaomi (OTCPK:XIACF). With the Chinese EV market becoming increasingly crowded, manufacturers are compelled to reduce costs, expand their product range, and innovate with smaller and higher-range vehicles. Earlier this year, NIO launched a touring version of the ET5 sedan and EL6 SUV targeting families in Denmark, Germany, the Netherlands, and Sweden. The news has led to a 3% gain in NIO shares, while BYD (BYDDF, BYDDY) and Xiaomi are experiencing declines. NIO shares have risen for the sixth time in seven days, reaching a two-month high, bolstered by recent delivery data indicating a 134.6% year-over-year increase.
More about Nio Inc Class A ADR
Nio Inc Class A ADR Summary
Nio Inc. designs, develops, manufactures, and sells smart electric vehicles in mainland China, Hong Kong, the United States, the United Kingdom, and Germany. The company is headquartered in Shanghai, China.
Industry Information
Industry: MANUFACTURING
Sector: MOTOR VEHICLES & PASSENGER CAR BODIES
Financial Data
Market Cap: 116.25B
PE Ratio: -1.72
EPS: 32.71
Revenue: 55.62B
Dividend: 9.28
Dividend Yield: 0.065
More about Nio Inc Class A ADR
Nio Inc Class A ADR, NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in mainland China, Hong Kong, the United States, the United Kingdom, and Germany. The company is headquartered in Shanghai, China.
Industry: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: 11,624,757,000
Dividend Yield: None
EPS: -1.72
P/E Ratio: 32.71
Price Change: -0.38
Volume: 55,617,933,000
52-Week High: 9.28
52-Week Low: 0
RSI (14): 65
More about Tesla Inc
Tesla Inc.
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Manufacturing Sector: Motor Vehicles & Passenger Car Bodies
Market Cap: $577.69 billion
Current Price: $46.33
Dividend Yield: None
P/E Ratio: 3.91
EPS: 29.8
ROE: 0.144
Sales: $94.75 billion
Price/Book: 179.34
Beta: -0.534
Volatility: -0.087
More about Xpeng Inc
XPeng Inc. Stock Analysis XPeng Inc. Stock Analysis Summary
Company: XPeng Inc.
Description: XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. The company is headquartered in Guangzhou, the People's Republic of China.
Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies
Market Cap: $8.644 billion
Revenue: $30.676 billion
PE Ratio: -1.65
EPS: $35.24
Profit Margin: -0.338
Operating Margin: 13.96
Dividend Yield: -0.385
Current Ratio: 1.539
More about Boyd Gaming Corporation
Boyd Gaming Corporation is a multi-jurisdictional gaming company headquartered in Las Vegas, Nevada. The company operates in the real estate & construction as well as the hotels & motels sectors.
Stock Symbol: 5180951000
Current Price: $9.68
Price Change: $0.65
Change Percentage: 5.59%
PE Ratio: 37.43
EPS: $0.149
Market Cap: $3,735,047,000
Market Cap Change: $70.58
Market Cap Change Percentage: -0.274%
Market Cap Change Percentage (Year-to-Date): -0.004%
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