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NIO October delivery numbers have arrived – the stock is up

2 November 2022 By Klavs Valters

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NIO Inc. (NYSE:NIO) reported its latest delivery numbers for October on Tuesday.

The Chinese electric vehicle company delivered 10,059 cars last month – up by 174.3% year-over-year.

The deliveries in October consisted of:

  • 5,979 premium smart electric SUV’s
  • 4,080 premium smart electric sedans

Production and deliveries were impacted by supply chain issues and other constraints caused by COVID-19 outbreaks in certain parts of China, according to the company.

NIO has delivered a total of 259,563 electric vehicles as of October 31, 2022.

The stock made some gains on Tuesday, up by around 2% at $9.93 a share.

Shares of NIO have plummeted by over 75% in the past year.

Stock performance

  • 1 month: -40.68%
  • 3 month: -50.82%
  • Year-to-date: -68.67%
  • 1 year: -75.97%

NIO price targets

  • Morgan Stanley: $31
  • HSBC: $28
  • Goldman Sachs: $56
  • Barclays: $34
  • Mizuho: $42
  • Citigroup: $31.3
  • B of A Securities: $26
  • UBS: $32
  • Barclays: $19

NIO is the 22nd largest automaker in the world with a market cap of $16.56 billion.

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

Sources: NIO Inc., TardingView, Benzinga, CompaniesMarketCap

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