Science4Data Article Insights

https://www.forbes.com/sites/greatspeculations/2020/08/27/nio-updates-why-teslas-chinese-rival-continues-to-surge/

Nio Updates: Why Tesla's Chinese Rival Continues To Surge

2020-08-27 00:00:00, Trefis Team, Forbes

Content Categorization
/Autos & Vehicles

Word Count:
1194

Words/Sentence:
23

Reading Time:
7.96 min

Reading Quality:
Adept

Readability:
13th to 15th

Media Sentiment
Proprietary sentiment analysis on both the headline and body text of the article. Sentiment scores range from -1 (very negative sentiment) to 1 (very positive sentiment).
RCS Analysis
Relative scoring for Risk, Crisis, and Security language within the article.
Risk Score
Scoring based on the composite risk, security and crisis language within an article compared to a baseline of historic analysis across thousands of diverse articles.
PESTEL Scope
Analysis of article orientation across the PESTEL macro-environmental analysis framework. Learn more about PESTEL.
Entity Word Cloud
Key people, places, organizations and events referenced in the article, weighted by frequency and colored based on contextual sentiment.
Auto Summary
Condensing key features of the article based on salience analysis. Helpful for “gisting” the article in a time crunch.

The Chinese automotive market has recovered well following the Covid-19 related disruption earlier this year, and Nio indicated that it saw a monthly delivery record of 3,436 vehicles in May 2020.

We expect revenue to grow to $1.78 billion in 2020, as deliveries grow by over 70% to 35k units, driven by higher uptake of the ES6 and the launch of the more compact EC6, with the revenue growing further to $2.75 billion in 2021.

In comparison, Tesla is valued at $375 billion, or about 7x consensus 2021 revenue of about $41 billion, while Nikola, an electric truck startup is valued at $15 billion despite the fact that it has yet to start commercial production.

Nio also launched a new "battery as a service" offering, which reduces the upfront cost of a vehicle by selling the EV without a battery and making users pay for batteries monthly (roughly $140 per month), much like they would for gasoline on an internal combustion engine car.

Nio's Revenues have grown from around $720 million in 2018 to about $1.12 billion in 2019, as its vehicle deliveries grew from around 11,300 units to about 20,600 units.

Keywords
nio stock, coronavirus, covid-19, nio revenues

Interested in Learning More?

Article Analysis is at the foundation of powerful media monitoring and insights. Learn what you can build with powerful curated search engines, real-time listening and trend analysis on the topics, markets and companies critical to your organization.