NIO Inc ADR
NIO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %< | LOCK|SWt | LOCK|C<>^!X^ |
Nio Earnings: Results In Line; Breakeven Target Maintained Despite Lower Volume Guidance
Nio’s third-quarter revenue grew 17% year on year, slightly missing the low end of guidance. Price competition and product mix change led to an 18% decline in vehicle pricing. With a 41% growth in vehicle volume, vehicle operating margin is back, after three years, to the midteens level.
