Nio (NIO) AI Stock Analysis

• Market Cap: $11.25B
• Dividend Yield: N/A
• Average Volume (3M): 49.92M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: 14.94%
• EPS Growth: 2.53%
• Country: US
• Employees: 45,635
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -0.16
• Shares Outstanding: 2,099,062,700
• 10 Day Avg. Volume: 41,033,918
• 30 Day Avg. Volume: 49,920,678
• PEG Ratio: 0.25
• Price to Book (P/B): 10.96
• Price to Sales (P/S): 0.99
• P/FCF Ratio: -3.85
• Enterprise Value/Market Cap: 6.99
• Enterprise Value/Revenue: 1.13
• Enterprise Value/Gross Profit: 11.02
• Enterprise Value/Ebitda: -3.42
• 1Y Price Target: $6.06
• Price Target Upside: 22.92% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): -0.97
• Revenue Forecast (FY): $12.49B

• Rating: 45 Neutral
• Price Target: $5.50 ▲(11.56% Upside)

Nio's overall stock score is primarily impacted by its financial performance, which is weighed down by high leverage and negative profitability. While the earnings call provided some positive insights with strong delivery growth and improved margins, the technical analysis and valuation remain weak, reflecting ongoing challenges.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Nio's products and services, enhancing its market position and financial stability.

Delivery Growth

Significant delivery growth demonstrates Nio's effective production and distribution capabilities, strengthening its competitive edge in the EV market.

Improved Margins

Improved margins reflect operational efficiency and cost management, contributing to better profitability prospects over the long term.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting Nio's ability to invest in growth and weather economic downturns.

Negative Cash Flow

Negative cash flow indicates liquidity issues, which can constrain Nio's operational flexibility and investment capacity.

Subsidy Phase-Out Impact

The removal of subsidies could reduce demand and pressure margins, impacting Nio's sales and profitability in the near to medium term.

Nio Business Overview & Revenue Model

Company Description

Nio Inc. is a Chinese electric vehicle manufacturer headquartered in Shanghai, specializing in the design, production, and sale of smart electric vehicles. Founded in 2014, Nio focuses on premium electric SUVs and sedans, incorporating advanced technology and performance features. The company operates in the electric vehicle sector, with a strong emphasis on battery swapping technology and autonomous driving capabilities, alongside a growing presence in energy solutions and services.

How the Company Makes Money

Nio generates revenue primarily through the sale of its electric vehicles, which include models like the ES8, ES6, and EC6. The company's revenue model is complemented by its innovative battery-as-a-service (BaaS) offering, allowing customers to purchase vehicles without owning the battery, thereby lowering the initial cost of the car. This subscription model provides a steady revenue stream as customers pay monthly fees for battery usage. Additionally, Nio earns income from software services and upgrades, as well as from selling energy solutions and charging infrastructure. Strategic partnerships with other companies in technology and automotive sectors also contribute to its earnings, enhancing product offerings and expanding market reach.

Nio Financial Statement Overview

Summary

Nio's financial performance is challenged by high leverage and negative profitability. Despite revenue growth, the company faces substantial financial risk due to negative cash flow and high debt levels.

Income Statement

Nio shows consistent revenue growth with a 18.2% increase from 2023 to 2024. However, profitability remains a challenge as evidenced by negative EBIT and net income. The gross profit margin stands at 9.9% in 2024, down from 5.5% in 2023, indicating some improvement but still low for the industry.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 5.67 in 2024, up significantly from 1.98 in 2023. Stockholders' equity has decreased, and the equity ratio is only 5.5%, suggesting increased financial risk. Return on equity is negative due to ongoing losses.

Cash Flow

Operating cash flow is negative, reflecting operational challenges. Free cash flow also remains negative, with a decline from 2023 to 2024, indicating strained liquidity. The ratio of operating cash flow to net income is below 1, suggesting inefficiency in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	69.42B	65.73B	55.62B	49.27B	36.14B	16.26B
Gross Profit	7.13B	6.49B	3.05B	5.14B	6.82B	1.87B
EBITDA	-22.99B	-13.93B	-15.15B	-10.05B	-985.36M	-3.33B
Net Income	-24.31B	-22.66B	-21.15B	-14.56B	-10.57B	-5.61B
Balance Sheet
Total Assets	100.05B	107.60B	117.38B	96.26B	82.88B	54.64B
Cash, Cash Equivalents and Short-Term Investments	17.80B	22.09B	49.75B	39.06B	52.39B	42.38B
Total Debt	30.96B	33.82B	34.73B	23.71B	20.10B	9.52B
Total Liabilities	93.43B	94.10B	87.79B	68.62B	48.10B	27.47B
Stockholders Equity	-1.21B	5.97B	25.55B	23.87B	34.71B	27.17B
Cash Flow
Free Cash Flow	-16.50B	-16.99B	-15.72B	-10.84B	-2.11B	823.21M
Operating Cash Flow	-8.75B	-7.85B	-1.38B	-3.87B	1.97B	1.95B
Investing Cash Flow	-5.27B	-4.96B	-10.89B	10.39B	-39.76B	-5.07B
Financing Cash Flow	2.10B	1.77B	27.66B	-1.62B	18.13B	41.36B

Nio Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.93
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NIO, the sentiment is Negative. The current price of 4.93 is below the 20-day moving average (MA) of 5.17, below the 50-day MA of 6.16, and below the 200-day MA of 5.06, indicating a bearish trend. The MACD of -0.35 indicates Negative momentum. The RSI at 33.95 is Neutral, neither overbought nor oversold. The STOCH value of 19.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NIO.

Nio Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RIVN	58 Neutral	$21.61B	-6.52	-65.28%	―	28.21%	44.43%
LI	55 Neutral	$16.63B	27.08	6.53%	―	-10.00%	-54.75%
XPEV	50 Neutral	$17.71B	-44.68	-9.01%	―	86.57%	51.35%
NIO	45 Neutral	$11.25B	-3.39	-296.45%	―	14.94%	2.53%
VFS	45 Neutral	$7.98B	-2.19	―	―	74.91%	-43.10%
LCID	41 Neutral	$3.61B	-1.06	-61.12%	―	45.86%	22.13%

Nio Corporate Events

NIO Achieves Record Vehicle Deliveries in October 2025

In October 2025, NIO Inc. achieved a record-high monthly delivery of 40,397 vehicles, marking a 92.6% increase year-over-year. The company’s cumulative deliveries reached 913,182 vehicles by the end of October. The ONVO L90, a flagship SUV, sustained its growth momentum with over 10,000 monthly deliveries for three consecutive months, highlighting its strong position in the large SUV segment and contributing to the industry’s shift towards full electrification.

NIO Inc. Sets New Delivery Records in September 2025

In September 2025, NIO Inc. achieved record-high deliveries, with 34,749 vehicles delivered, marking a 64.1% increase year-over-year. The third quarter of 2025 also saw a new high with 87,071 vehicles delivered, a 40.8% increase from the previous year. Cumulative deliveries reached 872,785 by the end of September. On September 20, 2025, NIO launched its flagship premium SUV, the All-New ES8, which is set to lead the market for large three-row battery electric SUVs, showcasing NIO’s latest smart EV technologies.