NIO Could Reach an Inflection Point in 2Q -- Market Talk

Dow Jones

Mar 24, 2025

0617 GMT - NIO's 1Q vehicle margin could fall sequentially to 11%-12%, but an inflection point is around the corner, Citi Research says in a note. Analysts Jeff Chung and Kyle Wu think the Chinese EV maker's earnings could improve from mid-2Q on an expected ramp-up in model launches, margin expansion and cost control. Leading up to that, a slow sales season, tepid sales of NIO's namesake brand ahead of model upgrades, and Onvo brand's weaker-than-expected sales will likely pressure margins, they say. That last factor prompts Chung and Wu to cut their sales-volume forecasts by 4.8% to 393,000 units for 2025 and 8.8% to 456,000 units for 2026. Citi lowers NIO's target price to HK$62.50 from HK$68.10 and keeps a buy rating. Shares fall 5.15% to HK$34.05. (farah.elias@wsj.com)

(END) Dow Jones Newswires

March 24, 2025 02:17 ET (06:17 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2521434763"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2521434763\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2521434763?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-24 14:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2521434763","market":"sg","top_or_hot":-1,"title":"NIO Could Reach an Inflection Point in 2Q -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0617 GMT - NIO's 1Q vehicle margin could fall sequentially to 11%-12%, but an inflection point is around the corner, Citi Research says in a note. Analysts Jeff Chung and Kyle Wu think the Chinese EV maker's earnings could improve from mid-2Q on an expected ramp-up in model launches, margin expansion and cost control. Leading up to that, a slow sales season, tepid sales of NIO's namesake brand ahead of model upgrades, and Onvo brand's weaker-than-expected sales will likely pressure margins, they say. That last factor prompts Chung and Wu to cut their sales-volume forecasts by 4.8% to 393,000 units for 2025 and 8.8% to 456,000 units for 2026. Citi lowers NIO's target price to HK$62.50 from HK$68.10 and keeps a buy rating. Shares fall 5.15% to HK$34.05. 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Analysts Jeff Chung and Kyle Wu think the Chinese EV maker's earnings could improve from mid-2Q on an expected ramp-up in model launches, margin expansion and cost control. Leading up to that, a slow sales season, tepid sales of NIO's namesake brand ahead of model upgrades, and Onvo brand's weaker-than-expected sales will likely pressure margins, they say. That last factor prompts Chung and Wu to cut their sales-volume forecasts by 4.8% to 393,000 units for 2025 and 8.8% to 456,000 units for 2026. Citi lowers NIO's target price to HK$62.50 from HK$68.10 and keeps a buy rating. Shares fall 5.15% to HK$34.05. (farah.elias@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 02:17 ET (06:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIO","symbol_name":"蔚来","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2521434763","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521434763","pubTimestamp":1742797020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0617 GMT - NIO's 1Q vehicle margin could fall sequentially to 11%-12%, but an inflection point is around the corner, Citi Research says in a note. Analysts Jeff Chung and Kyle Wu think the Chinese EV maker's earnings could improve from mid-2Q on an expected ramp-up in model launches, margin expansion and cost control. Leading up to that, a slow sales season, tepid sales of NIO's namesake brand ahead of model upgrades, and Onvo brand's weaker-than-expected sales will likely pressure margins, they say. That last factor prompts Chung and Wu to cut their sales-volume forecasts by 4.8% to 393,000 units for 2025 and 8.8% to 456,000 units for 2026. Citi lowers NIO's target price to HK$62.50 from HK$68.10 and keeps a buy rating. Shares fall 5.15% to HK$34.05. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","BK6125":"汽车制造商"},"translate_title":"蔚来第二季度可能达到拐点——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":1,"NIO.SI":1},"content_text":"0617 GMT - NIO's 1Q vehicle margin could fall sequentially to 11%-12%, but an inflection point is around the corner, Citi Research says in a note. Analysts Jeff Chung and Kyle Wu think the Chinese EV maker's earnings could improve from mid-2Q on an expected ramp-up in model launches, margin expansion and cost control. Leading up to that, a slow sales season, tepid sales of NIO's namesake brand ahead of model upgrades, and Onvo brand's weaker-than-expected sales will likely pressure margins, they say. That last factor prompts Chung and Wu to cut their sales-volume forecasts by 4.8% to 393,000 units for 2025 and 8.8% to 456,000 units for 2026. Citi lowers NIO's target price to HK$62.50 from HK$68.10 and keeps a buy rating. Shares fall 5.15% to HK$34.05. (farah.elias@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2025 02:17 ET (06:17 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}