Shares & Derivatives
NIO faces a road bump: 5 highlights from the Chinese EV maker’s 1Q22 results
By Invest and grow with Beansprout  •  June 9, 2022
NIO’s share price fell by almost 8% at the market open after the Chinese electric vehicle (EV) maker reported its 1Q 2022 results. Investors were disappointed by the decline in gross margin as raw material prices went up. There was also not much to cheer in the company’s guidance for vehicle deliveries and revenues in 2Q 2022. More encouragingly, the NIO’s expected new vehicles launches this year remain on track, and the company achieved an “all time high order flow” in May. Here are five highlights from NIO’s latest 1Q22 earnings you should take note of.
  • Decline in gross margin
NIO’s gross margin fell to 14.6% in 1Q22 from 19.5% a year earlier and 17.2% in 4Q21. CEO William Li said that this was due to higher commodity prices which have continued to squeeze margins. Check out our earlier article about why NIO faces near-term headwinds from higher battery costs. However, the company expects Nio’s...
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By Invest and grow with Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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