We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NIO Introduces Premium EV ES7 in China as its Fastest SUV
Read MoreHide Full Article
NIO Inc. (NIO - Free Report) recently launched its much-awaited ES7 SUV, along with other product upgrades and existing model updates. The newest SUV, available for pre-order in China on the company’s app, will be equipped with NIO’s latest electric vehicle (EV) technology. Deliveries are expected to begin on Aug 28.
In January 2021, the automaker introduced its first sedan — the ET7 — and by the end of the year, it followed up with its second sedan, the ET5, which will soon join the ET7 in China and Europe. Since the debut of the ET5, there were talks of launch of the ES7. It was initially scheduled for launch in April. However, re-imposition of lockdown in Shanghai in the wake of a fresh incidence of COVID-19 cases, pushed the timeline to June.
The ES7 has a range of premium features besides a 75kWh Standard Range Battery and 150 kWh Ultralong Range Battery. It will identify as NIO’s fastest SUV to date with one of the first certified passenger vehicles in China with the ability to tow a caravan or a trailer. Not only can the vehicle supply power to towed equipment, but also support vehicle-to-load discharging and “Camping Mode” to power outside devices.
The vehicle also promises of an interior which has the look and feel of a living room, replete with front seats that feature heating, ventilation and massaging.
The company has released the starting prices, exclusive of subsidies, for the ES7 in China. The Standard 75 kWh battery will come at a price of RMB 468,000 ($69,700). The Ultralong 100 kWh battery will cost RMB 526,000 ($78,350). The ES7 Premier Edition will be at 548,000 ($81,600). Customers who choose battery-as-a-service (BaaS) will have to pay a pre-subsidy price, starting at RMB 398,000 ($51,800).
The firm’s strong standing with the government of China offers it an advantage in the country’s massive market. China’s intense push for EVs is a major booster for NIO. The strategic collaboration with Mobileye for developing driverless vehicles in China also bodes well for NIO’s prospects. This year, the firm intends to deliver three new products based on the NIO Technology Platform 2.0, including the ET7 model. In fact, deliveries of ET7 commenced recently. NIO seems to be well-positioned to cement a long-term foothold in the rapidly growing EV industry.
Shares of NIO have lost 55.7% over the past year compared to its industry’s 32.2% decline.
Wabash National has an expected earnings growth rate of 239.3% for the current year. The Zacks Consensus Estimate for current-year earnings has remained constant in the past 30 days.
Wabash National’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in one. WNC pulled off a trailing four-quarter earnings surprise of 51.26%, on average. The stock has declined 9% over the past year.
Fox Factory has an expected earnings growth rate of 14.9% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised around 1% upward in the past 30 days.
Fox Factory’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters. FOXF pulled off a trailing four-quarter earnings surprise of 10.18%, on average. The stock has declined 48.2% over the past year.
Standard Motor has an expected earnings growth rate of 5.2% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised around 3.1% upward in the past 30 days.
Standard Motor’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters. SMP pulled off a trailing four-quarter earnings surprise of 40.34%, on average. The stock has declined 7.7% over the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
NIO Introduces Premium EV ES7 in China as its Fastest SUV
NIO Inc. (NIO - Free Report) recently launched its much-awaited ES7 SUV, along with other product upgrades and existing model updates. The newest SUV, available for pre-order in China on the company’s app, will be equipped with NIO’s latest electric vehicle (EV) technology. Deliveries are expected to begin on Aug 28.
In January 2021, the automaker introduced its first sedan — the ET7 — and by the end of the year, it followed up with its second sedan, the ET5, which will soon join the ET7 in China and Europe. Since the debut of the ET5, there were talks of launch of the ES7. It was initially scheduled for launch in April. However, re-imposition of lockdown in Shanghai in the wake of a fresh incidence of COVID-19 cases, pushed the timeline to June.
The ES7 has a range of premium features besides a 75kWh Standard Range Battery and 150 kWh Ultralong Range Battery. It will identify as NIO’s fastest SUV to date with one of the first certified passenger vehicles in China with the ability to tow a caravan or a trailer. Not only can the vehicle supply power to towed equipment, but also support vehicle-to-load discharging and “Camping Mode” to power outside devices.
The vehicle also promises of an interior which has the look and feel of a living room, replete with front seats that feature heating, ventilation and massaging.
The company has released the starting prices, exclusive of subsidies, for the ES7 in China. The Standard 75 kWh battery will come at a price of RMB 468,000 ($69,700). The Ultralong 100 kWh battery will cost RMB 526,000 ($78,350). The ES7 Premier Edition will be at 548,000 ($81,600). Customers who choose battery-as-a-service (BaaS) will have to pay a pre-subsidy price, starting at RMB 398,000 ($51,800).
The firm’s strong standing with the government of China offers it an advantage in the country’s massive market. China’s intense push for EVs is a major booster for NIO. The strategic collaboration with Mobileye for developing driverless vehicles in China also bodes well for NIO’s prospects. This year, the firm intends to deliver three new products based on the NIO Technology Platform 2.0, including the ET7 model. In fact, deliveries of ET7 commenced recently. NIO seems to be well-positioned to cement a long-term foothold in the rapidly growing EV industry.
Shares of NIO have lost 55.7% over the past year compared to its industry’s 32.2% decline.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
NIO carries a Zacks Rank #3 (Hold), currently.
Better-ranked players in the auto space include Wabash National Corporation (WNC - Free Report) , sporting a Zacks Rank #1 (Strong Buy) and Fox Factory Holdings (FOXF - Free Report) and Standard Motor Products (SMP - Free Report) , each carrying a Zacks Rank #2 (Buy) currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Wabash National has an expected earnings growth rate of 239.3% for the current year. The Zacks Consensus Estimate for current-year earnings has remained constant in the past 30 days.
Wabash National’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in one. WNC pulled off a trailing four-quarter earnings surprise of 51.26%, on average. The stock has declined 9% over the past year.
Fox Factory has an expected earnings growth rate of 14.9% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised around 1% upward in the past 30 days.
Fox Factory’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters. FOXF pulled off a trailing four-quarter earnings surprise of 10.18%, on average. The stock has declined 48.2% over the past year.
Standard Motor has an expected earnings growth rate of 5.2% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised around 3.1% upward in the past 30 days.
Standard Motor’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters. SMP pulled off a trailing four-quarter earnings surprise of 40.34%, on average. The stock has declined 7.7% over the past year.