tl;dr
Chinese electric vehicle maker NIO (NYSE:NIO) is adjusting its approach to global markets, citing geopolitical developments. The company will continue to focus on China and its goal to be a global company, but with some changes in approach, according to CEO William Li. Nio launched its lower-priced ...
Chinese electric vehicle maker NIO (NYSE:NIO) is adjusting its approach to global markets, citing geopolitical developments. The company will continue to focus on China and its goal to be a global company, but with some changes in approach, according to CEO William Li. Nio launched its lower-priced brand Onvo with a new L60 SUV priced about $4,000 cheaper than Tesla’s Model Y. "For example, in Europe we previously used a direct sales method," Li said, adding that the company now has Onvo and will launch its cheaper Firefly brand. "We can enter the global market, and in the process of doing so we will have some changes. We can look more for local partners," he told reporters. The Biden administration has imposed new tariffs on imports from China, with tariffs on EVs set to jump from 25% to 100% this year. An EU investigation into whether fully-electric cars manufactured in China were receiving distortive subsidies and warranted extra tariffs is progressing towards a conclusion. Related EV stocks: Tesla (TSLA), Ford (F), General Motors (GM), Stellantis (STLA), XPeng (XPEV), Li Auto (LI).
More about Nio Inc Class A ADR
Nio Inc Class A ADR Summary 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: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: 111.24 Billion
PE Ratio (TTM): -1.72
EPS (TTM): 32.71
Dividend Yield: -0.38
Revenue (TTM): 55.62 Billion
Net Income (TTM): 9.28
Shares Outstanding: 0.065
More about 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.
Industry: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: $566.24 billion
Current Price: $45.41
Dividend Yield: None
P/E Ratio: 3.91
EPS: 29.8
ROE: 0.144
Revenue: $94.745 billion
Gross Margin: 17.72%
Profit Margin: -0.534%
Operating Margin: -0.087%
More about Ford Motor Company
Ford Motor Company Summary Ford Motor Company
Ford Motor Company, commonly known as Ford, is an American multinational automaker that has its main headquarters in Dearborn, Michigan.
Industry: MANUFACTURING
Sector: MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: 489.95 billion
P/E Ratio: 12.82
EPS: 0.6
Dividend Yield: 0.97%
52-Week High: $44.43
Volatility (Beta): 0.0221
Revenue: $177.49 billion
Operating Margin: 13.5%
Return on Equity: -0.25
Debt to Equity: 0.031
More about General Motors Company
General Motors Company (GM) is an American multinational corporation headquartered in Detroit, Michigan that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center.
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Market Cap: 51.537 billion
Dividend Yield: 5.5%
P/E Ratio: 0.39
EPS: 8.19
Stock Price: $134.13
Beta: 0.0613
Revenue: 174.871 billion
Operating Margin: 53.44%
Net Income Margin: 0.515%
Debt to Equity: 0.076
More about Stellantis NV
Stellantis NV Summary
Stellantis NV is dedicated to the design, engineering, manufacture, distribution and sale of passenger cars, trucks, SUVs and light commercial vehicles worldwide. The company is headquartered in Lijnden, the Netherlands.
Sector: Manufacturing
Industry: Motor Vehicles & Passenger Car Bodies
Market Cap: $69.54 billion
P/E Ratio: 3.644
EPS: 1.55
Dividend Yield: 6.4%
52-Week High: $60.99
52-Week Low: $0.0981
Average Volume: 189,544,006
Price to Book: 29.5
Price to Sales: -0.117
Profit Margin: -0.005
More about Xpeng Inc
Xpeng Inc Summary Xpeng Inc Summary
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: $7,811,186,000
PE Ratio: -1.65
EPS: 35.24
Dividend Yield: 0
Beta: -0.338
Volume: 30,676,06000
Revenue: $13.95
Gross Margin: -0.385
Net Income: $1.539
More about Li Auto Inc
Li Auto Inc. designs, develops, manufactures and sells smart electric sport utility vehicles (SUVs) in China. The company is headquartered in Beijing, China.
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Market Cap: 26,678,520,000
Current Price: $17.14
Dividend Yield: None
EPS: 1.54
PE Ratio: 125.87
ROE: 9.45%
Revenue: 123,851,334,000
Net Income: 47.02
Profit Margin: 20.69%
Operating Margin: 1.364
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