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NIO latest delivery numbers announced – the stock is up

2 August 2022 By Klavs Valters

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NIO Inc. (NIO) reported its latest delivery numbers for July on Monday.

The Chinese electric vehicle company delivered 10,052 cars last month – an increase of 26.7% year-over-year.

The deliveries in July consisted of:

  • 7,579 premium smart electric SUV’s
  • 2,473 premium smart electric sedans

NIO has delivered a total of 227,949 electric vehicles as of July 31, 2022.

The company expects vehicle production to accelerate in Q3 after months of supply chain issues and other constraints caused by COVID-19 outbreaks in China.

NIO Inc. (NIO) chart

Shares of NIO were up by around 2% on Monday at $20.40 per share.

Here is how the stock has performed in the past year:

  • 1 Month -4.26%
  • 3 Month +86%
  • Year-to-date -35.45%
  • 1 Year -55.40%

NIO price targets

  • Morgan Stanley $31
  • HSBC $28
  • Goldman Sachs $56
  • Barclays $34
  • Mizuho $48
  • Citigroup $41.1
  • B of A Securities $26
  • UBS $32

NIO is the 14th largest automaker in the world with a market cap of $34.19 billion.

You can trade NIO Inc. (NIO) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: NIO Inc., MetaTrader 5, Benzinga, CompaniesMarketCap

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