Latest on NIO Stock

Pre-market Price Info

• Nio Premarket Price: $4.30 (via Moomoo)

• Nio Target Price: $4.46

Analysts Ratings

• Barclays (June 10, 2024): Sell, $4

• BofA Securities (June 7, 2024): Hold, $6

• JP Morgan (June 7, 2024): Hold, $5.3

Technical Analysis

• Support Levels: Recent crashes below key support at $5.

• Bearish Outlook: The short-term outlook remains bearish, with the potential for a rebound above $6.

Latest News on NIO

Expansion and Challenges

Nio Launches EL8 Model in Five European Countries

On June 13, Nio officially launched its EL8 model (known as the ES8 in China) in Norway, Germany, the Netherlands, Sweden, and Denmark. This move marks Nio's sixth model introduced to the European market. The EL8 is available in Germany with two battery variants: the 75 kWh version priced at €94,900 (approximately 739,000 yuan) and the 100 kWh version priced at €103,900 (approximately 809,000 yuan).

Key Features of EL8

• Design and Configuration: Same as the ES8 sold in China, featuring hidden door handles, tower-like LiDAR, and multiple high-definition cameras.

• Interior: Six-seater layout with heating, ventilation, and massage functions for the first two rows, and seat heating for the third row.

• Power: Dual-motor all-wheel-drive system with a combined output of 480 kW and a peak torque of 850 N·m.

• Technology: Dual-chamber air suspension, CDC system, and Bosch IPB system.

Nio has been expanding its presence in Europe since 2021, launching models like ET7, EL7 (ES7 in China), ET5, ET5T, and EL6 (ES6 in China). The company has also established 43 battery swap stations, 45 supercharging stations, and accessed over 600,000 third-party charging piles in Europe.

Nio Caught in China-EU EV Tariff Battle

Nio faces new challenges as the European Union announced tariffs of up to 38% on EVs imported from China. This follows the U.S. increasing tariffs on Chinese EVs to 100%. The tariffs are set to start on July 4, 2024, and come amid concerns about Chinese state subsidies making their vehicles cheaper than global competitors.

• Geopolitical Tensions: The tariffs add another layer to the escalating trade tensions with China.

• Market Reaction: Nio's stock has dipped slightly, with a 7% loss over the past five sessions.

• Industry Impact: European automakers, including Mercedes-Benz, have criticized the EU's decision, highlighting the complexities of the global supply chain.

Nio’s stock is facing significant pressure due to the new tariffs and ongoing financial challenges. Despite this, Nio sits on over $6.3 billion in cash, which could support future growth and expansion efforts.

Watch Our Latest Video

For a deeper dive into Nio's potential and strategic moves, make sure to watch our newest video!

With Nio’s latest model launch in Europe and the looming impact of new tariffs, can the company successfully navigate these challenges and continue its growth trajectory?

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