Shares of Li Auto Inc. LI, -4.87% dropped 3.8% in premarket trading Monday, after the China-based electric vehicle maker cut its outlook for third-quarter deliveries, citing the slower-than-expected recovery in the supply of semiconductors.
Similarly, Why is LI stock dropping?
Driving that downturn is a variety of headlines: a record fine against Tencent (OTCMKTS:TCEHY), U.S. delisting concerns and new Covid-19 lockdown measures in China. Shares of NIO, XPEV and LI stocks are each down more than 5% today on the bad news that is dragging down all Chinese securities.
Why NIO falling today? Why Nio Shares Dropped Tuesday
Nio (NYSE: NIO) investors are trying to balance new catalysts for the Chinese electric-vehicle (EV) maker with a short-term issue that has Nio’s production on hold.
Thereof, Why are Chinese EV stocks down?
Chinese EV sales have been hit by supply constraints, and specifically, an ongoing chip shortage. With the semiconductor shortages predicted to linger into 2022, this is another sour spot for the high-growth industry.
What is Li Auto?
Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services.
Is NIO in danger of being delisted?
Your Takeaway on NIO Stock
Nio’s delisting risk is modest at this time. Investors should care more about the company’s path to profitability. When it gets there this year at the earliest, shareholders may hold the stock as it lists on an Asian exchange.
What is the target price for NIO stock?
Stock Price Targets
| High | $552.16 |
|---|---|
| Median | $210.08 |
| Low | $153.62 |
| Average | $245.37 |
| Current Price | $19.46 |
Will NIO stock go up 2021?
We think it is. Although Nio stock trades at a relatively high 12x consensus 2021 revenues, it should grow into this valuation fairly quickly. Sales are projected to more than double this year and growth is likely to come in at over 65% in 2022 as well, per consensus estimates.
Is Nio in danger of being delisted?
Your Takeaway on NIO Stock
Nio’s delisting risk is modest at this time. Investors should care more about the company’s path to profitability. When it gets there this year at the earliest, shareholders may hold the stock as it lists on an Asian exchange.
How much is a Nio car?
The electric car is set to begin deliveries in September 2022, with pre-subsidy prices starting at 328,000 yuan ($51,250) for models that come with a battery.
Who owns Nio Inc?
Top 10 Owners of NIO Inc
| Stockholder | Stake | Total value ($) |
|---|---|---|
| The Vanguard Group, Inc. | 2.76% | 844,953,786 |
| SSgA Funds Management, Inc. | 2.45% | 751,155,776 |
| Goldman Sachs & Co. LLC (Private … | 1.73% | 529,951,450 |
| Susquehanna Financial Group LLLP | 1.24% | 379,304,862 |
What cars does Li Auto make?
The company’s current market cap notably makes it larger than more established carmakers including Kia, Subaru, Nissan and Renault. Headquartered in Beijing, the company employs more than 2500 people, and claims to have delivered a total of 90,491 cars in 2021, an increase of 177.4 per cent compared to 2020.
What is special about Li Auto?
Li Auto sells Extended-Range Electric Vehicles, which are essentially EVs that also have a small gasoline engine that can generate additional electric power for the battery. This reduces the need for EV-charging infrastructure, which is currently limited in China.
Is Li Auto listed in China?
Aug 12 (Reuters) – Chinese electric vehicle maker Li Auto made a weak debut in Hong Kong on Thursday as its shares closed down, while the company also flagged it could consider a mainland listing. The company raised $1.52 billion by pricing its stock at HK$118 each in its dual primary listing in the city.
Is Nio listed in China?
showroom in Beijing, China. Stock in Chinese electric-vehicle maker NIO is now listed on two stock exchanges: The New York Stock Exchange and the Hong Kong stock exchange. Shares made their debut in Hong Kong Thursday.
Can U.S. delist Chinese stock?
For the delisting timeline, under the current provisions of HFCAA, forced delisting of Chinese ADRs can start in 2024, according to Su. “That said, the timeline can potentially move up by one year if the Accelerate Delisting Bill is signed into law.
What happens if a Chinese stock is delisted?
If any delisting actually happens, the fund won’t be able to switch to the Hong Kong shares like other funds. But again, that would be at least two years away. Invesco says it will “fully comply” with the sanctions when the day comes.
Who owns the most NIO stock?
Top 10 Owners of NIO Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| Baillie Gifford & Co. | 5.76% | 88,858,365 |
| BlackRock Fund Advisors | 2.60% | 40,093,147 |
| The Vanguard Group, Inc. | 2.40% | 36,994,474 |
| SSgA Funds Management, Inc. | 2.13% | 32,887,731 |
Does NIO stock pay dividends?
NIO (NYSE: NIO) does not pay a dividend.
Will NIO be as big as Tesla?
Nio may not be nearly as big as Tesla yet, but it has delivered more than 155,000 vehicles to date. It makes sense that Tesla would be valued higher than Nio, but Lucid has barely begun delivering cars, yet has a higher market cap than Nio.
What stocks should I buy for $1000 today?
7 best stocks to buy now with $1,000:
- Boston Scientific Corp. (BSX)
- Helmerich & Payne Inc. (HP)
- Freeport-McMoRan Inc. (FCX)
- Kraft Heinz Co. (KHC)
- Kimco Realty Corp. (KIM)
- Twitter Inc. (TWTR)
- Zeta Global Holdings Corp. (ZETA)
Will NIO stock go up 2022?
That would put Nio’s value at $50 billion for 2022 (i.e., $10 billion times 5x P/S.) This is still 67.2% higher than its $29.9 billion market value as of March 9. That implies NIO stock could be worth as much as $33.72 based on yesterday’s price.
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