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YH13

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2021-06-20

👌👌

抱歉，原内容已删除

2021-06-18

nice 👍

NIO Is Winning<blockquote>蔚来赢了</blockquote>

2021-05-24

ok

抱歉，原内容已删除

2021-06-30

hm :/

Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>

2021-06-23

gogo 😀

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2021-06-17

🙂🙂🙂

Stocks are flat after post-Fed decision sell-off<blockquote>美联储决定抛售后股市持平</blockquote>

2021-06-16

Cool

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2021-05-24

yes[想吃]

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2021-07-13

hiii

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2021-07-13

Go goldman 😀

Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote>

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goldman 😀","listText":"Go goldman 😀","text":"Go goldman 😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145033392","repostId":"2151563412","repostType":4,"repost":{"id":"2151563412","kind":"highlight","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626175491,"share":"https://www.laohunote.com/m/news/2151563412?lang=zh_CN&edition=full","pubTime":"2021-07-13 19:24","market":"hk","language":"en","title":"Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2151563412","media":"Tiger Newspress","summary":"Goldman Sachs reported its second-quarter earnings before the bell on Tuesday.\nHere are the numbers:","content":"<p>Goldman Sachs&nbsp;reported its second-quarter earnings before the bell on Tuesday.</p><p><blockquote>高盛周二盘前公布了第二季度财报。</blockquote></p><p> Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p> <b>Earnings:</b>&nbsp;$15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)</p><p><blockquote><b>收益：</b>路孚特调查的分析师预期为每股 15.02 美元，而路孚特调查的分析师预期为 10.24 美元。一年前，高盛的每股收益为 6.26 美元（如果考虑到与 1MDB 和解相关的成本，每股收益为 53 美分。）</blockquote></p><p> <b>Revenue:</b>&nbsp;$15.39 billion vs. $12.17 billion expected</p><p><blockquote><b>收入：</b>153.9亿美元，而预期为121.7亿美元</blockquote></p><p> Investment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.</p><p><blockquote>随着蓬勃发展的 IPO 市场促进了高盛的股票承销，投资银行业公布了有史以来第二高的季度收入，达到 36.1 亿美元，仅次于 2021 年第一季度。</blockquote></p><p> Last month, following the strong results of the Federal Reserve'sannual stress test,&nbsp;Goldman&nbsp;said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.</p><p><blockquote>上个月，在美联储年度压力测试取得强劲结果后，高盛表示，计划将股息提高60%，至每股2美元，但须获得该行董事会的批准。</blockquote></p><p> For its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.</p><p><blockquote>2021 年第一季度，这家总部位于纽约的银行凭借创纪录的净利润和收入超出了分析师的预期，这得益于廉价消费者存款推动零售银行业务的增长，该公司投资银行和交易业务的强劲表现。</blockquote></p><p> Of the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.</p><p><blockquote>在美国六大银行中，高盛从包括交易和投资银行在内的华尔街活动中获得的收入份额最大。</blockquote></p><p> Shares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.</p><p><blockquote>在 Covid-19 大流行经济复苏的推动下，高盛股价在 2021 年上涨了 45%。</blockquote></p><p> Goldman Sachs&nbsp;shares&nbsp;rises&nbsp;0.7%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>高盛股价在盘前交易中上涨 0.7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a40ec6831977fb2be9119f32e2df1b54\" tg-width=\"1260\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-13 19:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Goldman Sachs&nbsp;reported its second-quarter earnings before the bell on Tuesday.</p><p><blockquote>高盛周二盘前公布了第二季度财报。</blockquote></p><p> Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p> <b>Earnings:</b>&nbsp;$15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)</p><p><blockquote><b>收益：</b>路孚特调查的分析师预期为每股 15.02 美元，而路孚特调查的分析师预期为 10.24 美元。一年前，高盛的每股收益为 6.26 美元（如果考虑到与 1MDB 和解相关的成本，每股收益为 53 美分。）</blockquote></p><p> <b>Revenue:</b>&nbsp;$15.39 billion vs. $12.17 billion expected</p><p><blockquote><b>收入：</b>153.9亿美元，而预期为121.7亿美元</blockquote></p><p> Investment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.</p><p><blockquote>随着蓬勃发展的 IPO 市场促进了高盛的股票承销，投资银行业公布了有史以来第二高的季度收入，达到 36.1 亿美元，仅次于 2021 年第一季度。</blockquote></p><p> Last month, following the strong results of the Federal Reserve'sannual stress test,&nbsp;Goldman&nbsp;said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.</p><p><blockquote>上个月，在美联储年度压力测试取得强劲结果后，高盛表示，计划将股息提高60%，至每股2美元，但须获得该行董事会的批准。</blockquote></p><p> For its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.</p><p><blockquote>2021 年第一季度，这家总部位于纽约的银行凭借创纪录的净利润和收入超出了分析师的预期，这得益于廉价消费者存款推动零售银行业务的增长，该公司投资银行和交易业务的强劲表现。</blockquote></p><p> Of the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.</p><p><blockquote>在美国六大银行中，高盛从包括交易和投资银行在内的华尔街活动中获得的收入份额最大。</blockquote></p><p> Shares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.</p><p><blockquote>在 Covid-19 大流行经济复苏的推动下，高盛股价在 2021 年上涨了 45%。</blockquote></p><p> Goldman Sachs&nbsp;shares&nbsp;rises&nbsp;0.7%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>高盛股价在盘前交易中上涨 0.7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a40ec6831977fb2be9119f32e2df1b54\" tg-width=\"1260\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛","QTWO":"Q2 Holdings Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151563412","content_text":"Goldman Sachs reported its second-quarter earnings before the bell on Tuesday.\nHere are the numbers:\nEarnings: $15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)\nRevenue: $15.39 billion vs. $12.17 billion expected\nInvestment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.\nLast month, following the strong results of the Federal Reserve'sannual stress test, Goldman said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.\nFor its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.\nOf the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.\nShares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.\nGoldman Sachs shares rises 0.7% in premarket trading.","news_type":1,"symbols_score_info":{"GS":0.9,"QTWO":0.9}},"isVote":1,"tweetType":1,"viewCount":2266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151150076,"gmtCreate":1625068634595,"gmtModify":1633945175347,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"hm :/","listText":"hm :/","text":"hm :/","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151150076","repostId":"1121473384","repostType":4,"repost":{"id":"1121473384","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625067394,"share":"https://www.laohunote.com/m/news/1121473384?lang=zh_CN&edition=full","pubTime":"2021-06-30 23:36","market":"us","language":"en","title":"Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121473384","media":"Tiger Newspress","summary":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5","content":"<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p><p><blockquote>华尔街的乐观言论提高了蔚来汽车 6 月份销售报告之前的预期。</blockquote></p><p> Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p><p><blockquote>中国电动汽车制造商的股票<b>蔚来</b>（纽约证券交易所股票代码：NIO）在周三早盘交易中走高，此前一位华尔街分析师上调了该银行对该股的目标价。</blockquote></p><p> As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p><p><blockquote>截至美国东部时间上午 11:35，蔚来汽车美国存托股票较周二收盘价上涨约 5.9%。</blockquote></p><p> In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p><p><blockquote>在周二下午发布的一份说明中。花旗银行分析师 Jeff Chung 将蔚来的目标股价从 58.30 美元上调至 72 美元，同时重申了他之前对该股的买入评级。</blockquote></p><p> Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p><p><blockquote>Chung 写道，他预计蔚来 6 月份将报告“强劲的出货量”，他认为随后 2021 年第三和第四季度将实现环比增长。他现在预计蔚来将在 2021 年交付 93,000 辆汽车，高于他之前预计的 90,000 辆，并上调了 2022 年和 2024 年的预测，同时还提高了蔚来汽车股票的目标市盈率。</blockquote></p><p> NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p><p><blockquote>蔚来通常会在月底后不久公布月度交付量，这意味着我们最早可以在周四上午看到蔚来汽车 6 月份的业绩。该公司本月早些时候重申了其指引，评级第二季度的总交付量在 21,000 至 22,000 辆之间。截至 5 月底，尽管电脑芯片短缺导致生产中断，但该公司仍交付了 13,183 辆汽车。</blockquote></p><p> Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p><p><blockquote>蔚来会跑赢自己的指引吗？我认为这是可能的，但考虑到持续的芯片短缺问题，不太可能。然而，如果其 6 月份的业绩使其第二季度总额处于指导范围的高端，我不会感到惊讶。我们一两天后就会知道。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-30 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p><p><blockquote>华尔街的乐观言论提高了蔚来汽车 6 月份销售报告之前的预期。</blockquote></p><p> Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p><p><blockquote>中国电动汽车制造商的股票<b>蔚来</b>（纽约证券交易所股票代码：NIO）在周三早盘交易中走高，此前一位华尔街分析师上调了该银行对该股的目标价。</blockquote></p><p> As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p><p><blockquote>截至美国东部时间上午 11:35，蔚来汽车美国存托股票较周二收盘价上涨约 5.9%。</blockquote></p><p> In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p><p><blockquote>在周二下午发布的一份说明中。花旗银行分析师 Jeff Chung 将蔚来的目标股价从 58.30 美元上调至 72 美元，同时重申了他之前对该股的买入评级。</blockquote></p><p> Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p><p><blockquote>Chung 写道，他预计蔚来 6 月份将报告“强劲的出货量”，他认为随后 2021 年第三和第四季度将实现环比增长。他现在预计蔚来将在 2021 年交付 93,000 辆汽车，高于他之前预计的 90,000 辆，并上调了 2022 年和 2024 年的预测，同时还提高了蔚来汽车股票的目标市盈率。</blockquote></p><p> NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p><p><blockquote>蔚来通常会在月底后不久公布月度交付量，这意味着我们最早可以在周四上午看到蔚来汽车 6 月份的业绩。该公司本月早些时候重申了其指引，评级第二季度的总交付量在 21,000 至 22,000 辆之间。截至 5 月底，尽管电脑芯片短缺导致生产中断，但该公司仍交付了 13,183 辆汽车。</blockquote></p><p> Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p><p><blockquote>蔚来会跑赢自己的指引吗？我认为这是可能的，但考虑到持续的芯片短缺问题，不太可能。然而，如果其 6 月份的业绩使其第二季度总额处于指导范围的高端，我不会感到惊讶。我们一两天后就会知道。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121473384","content_text":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.\nAs of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.\nIn a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.\nChung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target price-to-earnings multiple for NIO's shares.\nNIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of between 21,000 and 22,000 vehicles for the second quarter. Through the end of May, it had delivered 13,183 vehicles despite production disruptions caused by shortages of computer chips.\nWill NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121959327,"gmtCreate":1624450987569,"gmtModify":1634005997616,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"gogo 😀","listText":"gogo 😀","text":"gogo 😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121959327","repostId":"1145825451","repostType":4,"isVote":1,"tweetType":1,"viewCount":3211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165703426,"gmtCreate":1624156514765,"gmtModify":1634010137814,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165703426","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":2432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168465673,"gmtCreate":1623981242692,"gmtModify":1634024788090,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"nice 👍","listText":"nice 👍","text":"nice 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168465673","repostId":"1148576248","repostType":4,"repost":{"id":"1148576248","kind":"news","pubTimestamp":1623979883,"share":"https://www.laohunote.com/m/news/1148576248?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:31","market":"us","language":"en","title":"NIO Is Winning<blockquote>蔚来赢了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148576248","media":"seekingalpha","summary":"NIO is #1 in China's electric SUV market for good reason.The company's success is driven by its brilliant innovations and marketing strategy.NIO is growing faster than Tesla, and yet, it is trading at a discount.NIO Inc.  stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla .In ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度比特斯拉快，然而，它的交易价格却打折了。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+ 来自 Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所股票代码：NIO）以其强大的市场地位——中国电动SUV市场份额第一——以及在快速增长且竞争激烈的电动汽车行业中的创新而脱颖而出。本文将讨论为什么蔚来能够战胜一些激烈的竞争，包括特斯拉（TSLA）。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们还将讨论蔚来汽车的业务、财务、交易、估值和风险，以便读者能够做出自己的明智决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位在高端SUV细分市场，专注于具有差异化电池战略的智能电动汽车。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统【NOMI】，与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等不相上下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借 ES8 的巨大成功所带来的安装基础和客户好感，蔚来成功推出了 ES6 和 EC6。最近，该公司推出了其首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>如今，蔚来是4月份中国全电动SUV市场最畅销的品牌，市场份额为23%，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所股票代码：XPEV）的7%。中国汽车技术研究中心数据。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，它几乎消除了里程焦虑，这是大规模电动汽车采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，该公司还在国内主要城市建设了数百个换电站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池更换策略还使该公司能够提供电池即服务 [BaaS] 解决方案，从而将购买蔚来汽车的前期成本降低约 11,000 美元。由于成本是大规模电动汽车采用的另一个主要障碍，蔚来汽车的电池战略似乎非常出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层通过在2016年推出EP9出色地打造了这一品牌。六辆 EP9 已以 250 万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特性和品质的氛围。接下来，蔚来通过ES8瞄准大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为它们生产低质量产品的看法作斗争。这与二战后日本企业战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是打破“中国制造”等同于低质量观念的新兴品牌之一。我坚信，顽固地坚持这种旧观念的投资者将会错过投资世界上有史以来最伟大的品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着得到一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括收费货车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国大陆的客户服务方面声誉不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在通过蔚来之家（一个真正的顾客俱乐部会所）和蔚来人寿（包括蔚来品牌的生活方式产品）进一步突破界限。蔚来围绕汽车构建生活方式的努力似乎正在奏效。这对投资者来说是个好消息，因为要想逃离汽车代工厂的竞争战场，唯一的办法就是向客户推销服务和生活方式。这就是为什么法拉利（赛车）营业利润率远高于 20%，而福特 (F) 和通用汽车 (GM) 则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计 2021 年 EBITDA 为负 2.58 亿美元，2022 年为正 2.06 亿美元。自由现金流预计在2021年为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计 2021 年将出现现金消耗，但投资者应该感到安心，因为该公司在 2020 年退出时拥有 59 亿美元的现金和现金等价物。包括 6 亿美元的短期投资，减去约 21 亿美元的债务和经营租赁以及 2021 年预期的负自由现金流，蔚来在 2021 年退出时应该拥有超过 40 亿美元的净现金和投资。这是充足的缓冲，因为蔚来预计将在 2022 年产生正自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注未来的电动汽车/销售倍数，这是尚未盈利的高速增长公司的典型情况。该公司于2018年9月上市，交易价格约为电动汽车/销售额的7至8倍，然后在2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，蔚来汽车的估值在2021年1月飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的远期销售额要合理得多。尽管增长速度是 TSLA 10.2 倍，但这比 TSLA 10.2 倍的电动汽车/销量大幅折扣（TSLA 预计 2021 年收入将增长 57%，而蔚来汽车为 117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来存在许多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其电池更换战略高度差异化，并且似乎正在快速增长，但电池更换或快速充电基础设施的最终市场份额仍然没有定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池更换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式具有创新性和新颖性。不幸的是，另一方面是它未经测试，蔚来仍然无利可图。对于许多投资者来说，在其商业模式的盈利能力提高之前，蔚来仍将是一个“给我看”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来汽车的全球扩张能力可能会受到中美地缘政治紧张局势的限制，以及在较小程度上与日本和欧洲的地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临着严重的芯片短缺。此外，汽车中的芯片密度不断增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服ICE原始设备制造商以及特斯拉和中国比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其汽车和服务生态系统的发展，其竞争护城河也在变得越来越大。相对于行业领导者特斯拉，鉴于蔚来汽车更快的增长率和较低的市盈率，其股价似乎很便宜。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Is Winning<blockquote>蔚来赢了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Is Winning<blockquote>蔚来赢了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度比特斯拉快，然而，它的交易价格却打折了。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+ 来自 Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所股票代码：NIO）以其强大的市场地位——中国电动SUV市场份额第一——以及在快速增长且竞争激烈的电动汽车行业中的创新而脱颖而出。本文将讨论为什么蔚来能够战胜一些激烈的竞争，包括特斯拉（TSLA）。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们还将讨论蔚来汽车的业务、财务、交易、估值和风险，以便读者能够做出自己的明智决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位在高端SUV细分市场，专注于具有差异化电池战略的智能电动汽车。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统【NOMI】，与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等不相上下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借 ES8 的巨大成功所带来的安装基础和客户好感，蔚来成功推出了 ES6 和 EC6。最近，该公司推出了其首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>如今，蔚来是4月份中国全电动SUV市场最畅销的品牌，市场份额为23%，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所股票代码：XPEV）的7%。中国汽车技术研究中心数据。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，它几乎消除了里程焦虑，这是大规模电动汽车采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，该公司还在国内主要城市建设了数百个换电站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池更换策略还使该公司能够提供电池即服务 [BaaS] 解决方案，从而将购买蔚来汽车的前期成本降低约 11,000 美元。由于成本是大规模电动汽车采用的另一个主要障碍，蔚来汽车的电池战略似乎非常出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层通过在2016年推出EP9出色地打造了这一品牌。六辆 EP9 已以 250 万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特性和品质的氛围。接下来，蔚来通过ES8瞄准大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为它们生产低质量产品的看法作斗争。这与二战后日本企业战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是打破“中国制造”等同于低质量观念的新兴品牌之一。我坚信，顽固地坚持这种旧观念的投资者将会错过投资世界上有史以来最伟大的品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着得到一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括收费货车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国大陆的客户服务方面声誉不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在通过蔚来之家（一个真正的顾客俱乐部会所）和蔚来人寿（包括蔚来品牌的生活方式产品）进一步突破界限。蔚来围绕汽车构建生活方式的努力似乎正在奏效。这对投资者来说是个好消息，因为要想逃离汽车代工厂的竞争战场，唯一的办法就是向客户推销服务和生活方式。这就是为什么法拉利（赛车）营业利润率远高于 20%，而福特 (F) 和通用汽车 (GM) 则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计 2021 年 EBITDA 为负 2.58 亿美元，2022 年为正 2.06 亿美元。自由现金流预计在2021年为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计 2021 年将出现现金消耗，但投资者应该感到安心，因为该公司在 2020 年退出时拥有 59 亿美元的现金和现金等价物。包括 6 亿美元的短期投资，减去约 21 亿美元的债务和经营租赁以及 2021 年预期的负自由现金流，蔚来在 2021 年退出时应该拥有超过 40 亿美元的净现金和投资。这是充足的缓冲，因为蔚来预计将在 2022 年产生正自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注未来的电动汽车/销售倍数，这是尚未盈利的高速增长公司的典型情况。该公司于2018年9月上市，交易价格约为电动汽车/销售额的7至8倍，然后在2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，蔚来汽车的估值在2021年1月飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的远期销售额要合理得多。尽管增长速度是 TSLA 10.2 倍，但这比 TSLA 10.2 倍的电动汽车/销量大幅折扣（TSLA 预计 2021 年收入将增长 57%，而蔚来汽车为 117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来存在许多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其电池更换战略高度差异化，并且似乎正在快速增长，但电池更换或快速充电基础设施的最终市场份额仍然没有定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池更换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式具有创新性和新颖性。不幸的是，另一方面是它未经测试，蔚来仍然无利可图。对于许多投资者来说，在其商业模式的盈利能力提高之前，蔚来仍将是一个“给我看”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来汽车的全球扩张能力可能会受到中美地缘政治紧张局势的限制，以及在较小程度上与日本和欧洲的地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临着严重的芯片短缺。此外，汽车中的芯片密度不断增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服ICE原始设备制造商以及特斯拉和中国比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其汽车和服务生态系统的发展，其竞争护城河也在变得越来越大。相对于行业领导者特斯拉，鉴于蔚来汽车更快的增长率和较低的市盈率，其股价似乎很便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435341-nio-is-winning\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4435341-nio-is-winning","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148576248","content_text":"Summary\n\nNIO is #1 in China's electric SUV market for good reason.\nThe company's success is driven by its brilliant innovations and marketing strategy.\nNIO is growing faster than Tesla, and yet, it is trading at a discount.\n\nPonyWang/E+ via Getty Images\nNIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).\nIn addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.\nBusiness: Why NIO Wins\nNIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.\nDelivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.\nSource: Company\nLeveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.\nToday, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.\nOne of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.\nNIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.\nSource: Company\nAnother differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.\nSource: Company\nChinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.\nChina is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.\nBuying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.\nSource: Company\nThe company is pushing the envelope even further with NIO House, a literal clubhouse for customers, and NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.\nFinancials & Valuation\nNIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.\nThe company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.\nHowever, despite the cash burn expected in 2021, investors should feel at ease since the company exited 2020 with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.\nSince NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).\nRisks\nThere are many risks associated with owning NIO.\nAlthough its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.\nNIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.\nNIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.\nAuto OEMs are currently facing a severe chip shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.\nNIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.\nTakeaway\nNIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161491212,"gmtCreate":1623937385636,"gmtModify":1634025635216,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"🙂🙂🙂","listText":"🙂🙂🙂","text":"🙂🙂🙂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161491212","repostId":"1114861992","repostType":4,"repost":{"id":"1114861992","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623936627,"share":"https://www.laohunote.com/m/news/1114861992?lang=zh_CN&edition=full","pubTime":"2021-06-17 21:30","market":"us","language":"en","title":"Stocks are flat after post-Fed decision sell-off<blockquote>美联储决定抛售后股市持平</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114861992","media":"Tiger Newspress","summary":"Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.\nThe","content":"<p>Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.</p><p><blockquote>周四股市持平，一天前美联储的利率前景引发了抛售。</blockquote></p><p> The Dow Jones Industrial Average dropped 5 points. The S&amp;P 500 was flat and Nasdaq Composite fell 0.15%.</p><p><blockquote>道琼斯工业平均指数下跌5点。标普500持平，纳斯达克综合指数下跌0.15%。</blockquote></p><p> The closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.</p><p><blockquote>周三备受关注的美联储会议引发股市抛售，此前美联储提前了加息时间表，预计 2023 年将加息两次。美联储今年还将通胀率上调至3.4%，比联邦公开市场委员会3月份的预测高出一个百分点。</blockquote></p><p> Materials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.</p><p><blockquote>材料股周四将下跌，因为较高的利率可能会进一步削弱 2021 年大宗商品的大幅上涨。中国还在打击大宗商品飙升，以缓解通胀担忧。自由港麦克莫兰导致材料股在盘前交易中走低，下跌 2%。铜期货下跌2%。</blockquote></p><p> Wells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.</p><p><blockquote>富国银行和花旗集团在盘前交易中走高，因为希望加息将提高银行利润。与此同时，一些曾经热门的科技股在盘前交易中走低，Zoom Video 和特斯拉下跌约 1%。</blockquote></p><p> Hedge fund legend&nbsp;David Tepper&nbsp;told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&amp;P 500 is less than 1% from an all-time high.</p><p><blockquote>对冲基金传奇人物大卫·泰珀 (David Tepper) 告诉 CNBC 的斯科特·瓦普纳 (Scott Wapner)，美联储周三做得很好，“股市目前仍然良好”，泰珀表示。标普500距离历史高点不到1%。</blockquote></p><p> On Wednesday, the Dow lost about 265 points and the S&amp;P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.</p><p><blockquote>周三，道琼斯指数下跌约265点，标普500指数小幅下跌0.5%。纳斯达克综合指数下跌 0.2%。</blockquote></p><p> Markets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.</p><p><blockquote>周三，美联储主席杰罗姆·鲍威尔表示，对未来加息的预测应该“持保留态度”，并重申他认为通胀是暂时的，市场从盘中低点反弹。鲍威尔也没有就央行何时开始缩减债券购买计划发布指导。</blockquote></p><p> \"You can think of this meeting that we had as the 'talking about talking about' meeting, if you'd like,\" Powell said when asked about tapering. \"I now suggest that we retire that term, which has served its purpose.\"</p><p><blockquote>当被问及缩减规模时，鲍威尔表示：“如果你愿意，你可以将我们举行的这次会议视为‘谈论谈论’会议。”“我现在建议我们废除该术语，该术语已经达到了其目的。”</blockquote></p><p> The Fed chair said the central bank will continue to monitor the economic recovery and will provide \"advanced notice\" before announcing any updates regarding tapering.</p><p><blockquote>美联储主席表示，央行将继续监测经济复苏，并将在宣布任何有关缩减规模的更新之前提供“提前通知”。</blockquote></p><p> The Labor Department reported that initial jobless claimsrose last week to 412,000, an improvement from the previous week's 375,000, but above Dow Jones expectations of 360,000.</p><p><blockquote>美国劳工部报告称，上周首次申请失业救济人数升至 41.2 万人，比前一周的 37.5 万人有所改善，但高于道琼斯预期的 36 万人。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks are flat after post-Fed decision sell-off<blockquote>美联储决定抛售后股市持平</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks are flat after post-Fed decision sell-off<blockquote>美联储决定抛售后股市持平</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-17 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.</p><p><blockquote>周四股市持平，一天前美联储的利率前景引发了抛售。</blockquote></p><p> The Dow Jones Industrial Average dropped 5 points. The S&amp;P 500 was flat and Nasdaq Composite fell 0.15%.</p><p><blockquote>道琼斯工业平均指数下跌5点。标普500持平，纳斯达克综合指数下跌0.15%。</blockquote></p><p> The closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.</p><p><blockquote>周三备受关注的美联储会议引发股市抛售，此前美联储提前了加息时间表，预计 2023 年将加息两次。美联储今年还将通胀率上调至3.4%，比联邦公开市场委员会3月份的预测高出一个百分点。</blockquote></p><p> Materials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.</p><p><blockquote>材料股周四将下跌，因为较高的利率可能会进一步削弱 2021 年大宗商品的大幅上涨。中国还在打击大宗商品飙升，以缓解通胀担忧。自由港麦克莫兰导致材料股在盘前交易中走低，下跌 2%。铜期货下跌2%。</blockquote></p><p> Wells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.</p><p><blockquote>富国银行和花旗集团在盘前交易中走高，因为希望加息将提高银行利润。与此同时，一些曾经热门的科技股在盘前交易中走低，Zoom Video 和特斯拉下跌约 1%。</blockquote></p><p> Hedge fund legend&nbsp;David Tepper&nbsp;told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&amp;P 500 is less than 1% from an all-time high.</p><p><blockquote>对冲基金传奇人物大卫·泰珀 (David Tepper) 告诉 CNBC 的斯科特·瓦普纳 (Scott Wapner)，美联储周三做得很好，“股市目前仍然良好”，泰珀表示。标普500距离历史高点不到1%。</blockquote></p><p> On Wednesday, the Dow lost about 265 points and the S&amp;P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.</p><p><blockquote>周三，道琼斯指数下跌约265点，标普500指数小幅下跌0.5%。纳斯达克综合指数下跌 0.2%。</blockquote></p><p> Markets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.</p><p><blockquote>周三，美联储主席杰罗姆·鲍威尔表示，对未来加息的预测应该“持保留态度”，并重申他认为通胀是暂时的，市场从盘中低点反弹。鲍威尔也没有就央行何时开始缩减债券购买计划发布指导。</blockquote></p><p> \"You can think of this meeting that we had as the 'talking about talking about' meeting, if you'd like,\" Powell said when asked about tapering. \"I now suggest that we retire that term, which has served its purpose.\"</p><p><blockquote>当被问及缩减规模时，鲍威尔表示：“如果你愿意，你可以将我们举行的这次会议视为‘谈论谈论’会议。”“我现在建议我们废除该术语，该术语已经达到了其目的。”</blockquote></p><p> The Fed chair said the central bank will continue to monitor the economic recovery and will provide \"advanced notice\" before announcing any updates regarding tapering.</p><p><blockquote>美联储主席表示，央行将继续监测经济复苏，并将在宣布任何有关缩减规模的更新之前提供“提前通知”。</blockquote></p><p> The Labor Department reported that initial jobless claimsrose last week to 412,000, an improvement from the previous week's 375,000, but above Dow Jones expectations of 360,000.</p><p><blockquote>美国劳工部报告称，上周首次申请失业救济人数升至 41.2 万人，比前一周的 37.5 万人有所改善，但高于道琼斯预期的 36 万人。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114861992","content_text":"Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.\nThe Dow Jones Industrial Average dropped 5 points. The S&P 500 was flat and Nasdaq Composite fell 0.15%.\nThe closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.\nMaterials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.\nWells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.\nHedge fund legend David Tepper told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&P 500 is less than 1% from an all-time high.\nOn Wednesday, the Dow lost about 265 points and the S&P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.\nMarkets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.\n\"You can think of this meeting that we had as the 'talking about talking about' meeting, if you'd like,\" Powell said when asked about tapering. \"I now suggest that we retire that term, which has served its purpose.\"\nThe Fed chair said the central bank will continue to monitor the economic recovery and will provide \"advanced notice\" before announcing any updates regarding tapering.\nThe Labor Department reported that initial jobless claimsrose last week to 412,000, an improvement from the previous week's 375,000, but above Dow Jones expectations of 360,000.","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2079,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160425260,"gmtCreate":1623804894050,"gmtModify":1634027940656,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160425260","repostId":"2143765560","repostType":4,"isVote":1,"tweetType":1,"viewCount":2565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131161518,"gmtCreate":1621836653934,"gmtModify":1634186197345,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131161518","repostId":"2137797184","repostType":4,"isVote":1,"tweetType":1,"viewCount":4137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131308220,"gmtCreate":1621824822960,"gmtModify":1634186308672,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"yes[想吃]&nbsp;","listText":"yes[想吃]&nbsp;","text":"yes[想吃]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131308220","repostId":"1159725394","repostType":4,"isVote":1,"tweetType":1,"viewCount":4253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":165703426,"gmtCreate":1624156514765,"gmtModify":1634010137814,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165703426","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":2432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168465673,"gmtCreate":1623981242692,"gmtModify":1634024788090,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"nice 👍","listText":"nice 👍","text":"nice 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168465673","repostId":"1148576248","repostType":4,"repost":{"id":"1148576248","kind":"news","pubTimestamp":1623979883,"share":"https://www.laohunote.com/m/news/1148576248?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:31","market":"us","language":"en","title":"NIO Is Winning<blockquote>蔚来赢了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148576248","media":"seekingalpha","summary":"NIO is #1 in China's electric SUV market for good reason.The company's success is driven by its brilliant innovations and marketing strategy.NIO is growing faster than Tesla, and yet, it is trading at a discount.NIO Inc.  stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla .In ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度比特斯拉快，然而，它的交易价格却打折了。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+ 来自 Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所股票代码：NIO）以其强大的市场地位——中国电动SUV市场份额第一——以及在快速增长且竞争激烈的电动汽车行业中的创新而脱颖而出。本文将讨论为什么蔚来能够战胜一些激烈的竞争，包括特斯拉（TSLA）。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们还将讨论蔚来汽车的业务、财务、交易、估值和风险，以便读者能够做出自己的明智决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位在高端SUV细分市场，专注于具有差异化电池战略的智能电动汽车。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统【NOMI】，与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等不相上下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借 ES8 的巨大成功所带来的安装基础和客户好感，蔚来成功推出了 ES6 和 EC6。最近，该公司推出了其首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>如今，蔚来是4月份中国全电动SUV市场最畅销的品牌，市场份额为23%，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所股票代码：XPEV）的7%。中国汽车技术研究中心数据。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，它几乎消除了里程焦虑，这是大规模电动汽车采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，该公司还在国内主要城市建设了数百个换电站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池更换策略还使该公司能够提供电池即服务 [BaaS] 解决方案，从而将购买蔚来汽车的前期成本降低约 11,000 美元。由于成本是大规模电动汽车采用的另一个主要障碍，蔚来汽车的电池战略似乎非常出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层通过在2016年推出EP9出色地打造了这一品牌。六辆 EP9 已以 250 万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特性和品质的氛围。接下来，蔚来通过ES8瞄准大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为它们生产低质量产品的看法作斗争。这与二战后日本企业战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是打破“中国制造”等同于低质量观念的新兴品牌之一。我坚信，顽固地坚持这种旧观念的投资者将会错过投资世界上有史以来最伟大的品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着得到一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括收费货车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国大陆的客户服务方面声誉不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在通过蔚来之家（一个真正的顾客俱乐部会所）和蔚来人寿（包括蔚来品牌的生活方式产品）进一步突破界限。蔚来围绕汽车构建生活方式的努力似乎正在奏效。这对投资者来说是个好消息，因为要想逃离汽车代工厂的竞争战场，唯一的办法就是向客户推销服务和生活方式。这就是为什么法拉利（赛车）营业利润率远高于 20%，而福特 (F) 和通用汽车 (GM) 则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计 2021 年 EBITDA 为负 2.58 亿美元，2022 年为正 2.06 亿美元。自由现金流预计在2021年为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计 2021 年将出现现金消耗，但投资者应该感到安心，因为该公司在 2020 年退出时拥有 59 亿美元的现金和现金等价物。包括 6 亿美元的短期投资，减去约 21 亿美元的债务和经营租赁以及 2021 年预期的负自由现金流，蔚来在 2021 年退出时应该拥有超过 40 亿美元的净现金和投资。这是充足的缓冲，因为蔚来预计将在 2022 年产生正自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注未来的电动汽车/销售倍数，这是尚未盈利的高速增长公司的典型情况。该公司于2018年9月上市，交易价格约为电动汽车/销售额的7至8倍，然后在2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，蔚来汽车的估值在2021年1月飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的远期销售额要合理得多。尽管增长速度是 TSLA 10.2 倍，但这比 TSLA 10.2 倍的电动汽车/销量大幅折扣（TSLA 预计 2021 年收入将增长 57%，而蔚来汽车为 117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来存在许多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其电池更换战略高度差异化，并且似乎正在快速增长，但电池更换或快速充电基础设施的最终市场份额仍然没有定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池更换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式具有创新性和新颖性。不幸的是，另一方面是它未经测试，蔚来仍然无利可图。对于许多投资者来说，在其商业模式的盈利能力提高之前，蔚来仍将是一个“给我看”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来汽车的全球扩张能力可能会受到中美地缘政治紧张局势的限制，以及在较小程度上与日本和欧洲的地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临着严重的芯片短缺。此外，汽车中的芯片密度不断增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服ICE原始设备制造商以及特斯拉和中国比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其汽车和服务生态系统的发展，其竞争护城河也在变得越来越大。相对于行业领导者特斯拉，鉴于蔚来汽车更快的增长率和较低的市盈率，其股价似乎很便宜。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Is Winning<blockquote>蔚来赢了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Is Winning<blockquote>蔚来赢了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度比特斯拉快，然而，它的交易价格却打折了。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+ 来自 Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所股票代码：NIO）以其强大的市场地位——中国电动SUV市场份额第一——以及在快速增长且竞争激烈的电动汽车行业中的创新而脱颖而出。本文将讨论为什么蔚来能够战胜一些激烈的竞争，包括特斯拉（TSLA）。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们还将讨论蔚来汽车的业务、财务、交易、估值和风险，以便读者能够做出自己的明智决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位在高端SUV细分市场，专注于具有差异化电池战略的智能电动汽车。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统【NOMI】，与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等不相上下。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借 ES8 的巨大成功所带来的安装基础和客户好感，蔚来成功推出了 ES6 和 EC6。最近，该公司推出了其首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>如今，蔚来是4月份中国全电动SUV市场最畅销的品牌，市场份额为23%，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所股票代码：XPEV）的7%。中国汽车技术研究中心数据。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，它几乎消除了里程焦虑，这是大规模电动汽车采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，该公司还在国内主要城市建设了数百个换电站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池更换策略还使该公司能够提供电池即服务 [BaaS] 解决方案，从而将购买蔚来汽车的前期成本降低约 11,000 美元。由于成本是大规模电动汽车采用的另一个主要障碍，蔚来汽车的电池战略似乎非常出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层通过在2016年推出EP9出色地打造了这一品牌。六辆 EP9 已以 250 万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特性和品质的氛围。接下来，蔚来通过ES8瞄准大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为它们生产低质量产品的看法作斗争。这与二战后日本企业战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是打破“中国制造”等同于低质量观念的新兴品牌之一。我坚信，顽固地坚持这种旧观念的投资者将会错过投资世界上有史以来最伟大的品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着得到一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括收费货车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国大陆的客户服务方面声誉不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在通过蔚来之家（一个真正的顾客俱乐部会所）和蔚来人寿（包括蔚来品牌的生活方式产品）进一步突破界限。蔚来围绕汽车构建生活方式的努力似乎正在奏效。这对投资者来说是个好消息，因为要想逃离汽车代工厂的竞争战场，唯一的办法就是向客户推销服务和生活方式。这就是为什么法拉利（赛车）营业利润率远高于 20%，而福特 (F) 和通用汽车 (GM) 则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计 2021 年 EBITDA 为负 2.58 亿美元，2022 年为正 2.06 亿美元。自由现金流预计在2021年为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计 2021 年将出现现金消耗，但投资者应该感到安心，因为该公司在 2020 年退出时拥有 59 亿美元的现金和现金等价物。包括 6 亿美元的短期投资，减去约 21 亿美元的债务和经营租赁以及 2021 年预期的负自由现金流，蔚来在 2021 年退出时应该拥有超过 40 亿美元的净现金和投资。这是充足的缓冲，因为蔚来预计将在 2022 年产生正自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注未来的电动汽车/销售倍数，这是尚未盈利的高速增长公司的典型情况。该公司于2018年9月上市，交易价格约为电动汽车/销售额的7至8倍，然后在2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，蔚来汽车的估值在2021年1月飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的远期销售额要合理得多。尽管增长速度是 TSLA 10.2 倍，但这比 TSLA 10.2 倍的电动汽车/销量大幅折扣（TSLA 预计 2021 年收入将增长 57%，而蔚来汽车为 117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来存在许多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其电池更换战略高度差异化，并且似乎正在快速增长，但电池更换或快速充电基础设施的最终市场份额仍然没有定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池更换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式具有创新性和新颖性。不幸的是，另一方面是它未经测试，蔚来仍然无利可图。对于许多投资者来说，在其商业模式的盈利能力提高之前，蔚来仍将是一个“给我看”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来汽车的全球扩张能力可能会受到中美地缘政治紧张局势的限制，以及在较小程度上与日本和欧洲的地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临着严重的芯片短缺。此外，汽车中的芯片密度不断增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服ICE原始设备制造商以及特斯拉和中国比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其汽车和服务生态系统的发展，其竞争护城河也在变得越来越大。相对于行业领导者特斯拉，鉴于蔚来汽车更快的增长率和较低的市盈率，其股价似乎很便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435341-nio-is-winning\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4435341-nio-is-winning","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148576248","content_text":"Summary\n\nNIO is #1 in China's electric SUV market for good reason.\nThe company's success is driven by its brilliant innovations and marketing strategy.\nNIO is growing faster than Tesla, and yet, it is trading at a discount.\n\nPonyWang/E+ via Getty Images\nNIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).\nIn addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.\nBusiness: Why NIO Wins\nNIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.\nDelivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.\nSource: Company\nLeveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.\nToday, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.\nOne of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.\nNIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.\nSource: Company\nAnother differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.\nSource: Company\nChinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.\nChina is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.\nBuying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.\nSource: Company\nThe company is pushing the envelope even further with NIO House, a literal clubhouse for customers, and NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.\nFinancials & Valuation\nNIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.\nThe company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.\nHowever, despite the cash burn expected in 2021, investors should feel at ease since the company exited 2020 with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.\nSince NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).\nRisks\nThere are many risks associated with owning NIO.\nAlthough its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.\nNIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.\nNIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.\nAuto OEMs are currently facing a severe chip shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.\nNIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.\nTakeaway\nNIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131161518,"gmtCreate":1621836653934,"gmtModify":1634186197345,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131161518","repostId":"2137797184","repostType":4,"isVote":1,"tweetType":1,"viewCount":4137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151150076,"gmtCreate":1625068634595,"gmtModify":1633945175347,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"hm :/","listText":"hm :/","text":"hm :/","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151150076","repostId":"1121473384","repostType":4,"repost":{"id":"1121473384","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625067394,"share":"https://www.laohunote.com/m/news/1121473384?lang=zh_CN&edition=full","pubTime":"2021-06-30 23:36","market":"us","language":"en","title":"Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121473384","media":"Tiger Newspress","summary":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5","content":"<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p><p><blockquote>华尔街的乐观言论提高了蔚来汽车 6 月份销售报告之前的预期。</blockquote></p><p> Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p><p><blockquote>中国电动汽车制造商的股票<b>蔚来</b>（纽约证券交易所股票代码：NIO）在周三早盘交易中走高，此前一位华尔街分析师上调了该银行对该股的目标价。</blockquote></p><p> As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p><p><blockquote>截至美国东部时间上午 11:35，蔚来汽车美国存托股票较周二收盘价上涨约 5.9%。</blockquote></p><p> In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p><p><blockquote>在周二下午发布的一份说明中。花旗银行分析师 Jeff Chung 将蔚来的目标股价从 58.30 美元上调至 72 美元，同时重申了他之前对该股的买入评级。</blockquote></p><p> Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p><p><blockquote>Chung 写道，他预计蔚来 6 月份将报告“强劲的出货量”，他认为随后 2021 年第三和第四季度将实现环比增长。他现在预计蔚来将在 2021 年交付 93,000 辆汽车，高于他之前预计的 90,000 辆，并上调了 2022 年和 2024 年的预测，同时还提高了蔚来汽车股票的目标市盈率。</blockquote></p><p> NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p><p><blockquote>蔚来通常会在月底后不久公布月度交付量，这意味着我们最早可以在周四上午看到蔚来汽车 6 月份的业绩。该公司本月早些时候重申了其指引，评级第二季度的总交付量在 21,000 至 22,000 辆之间。截至 5 月底，尽管电脑芯片短缺导致生产中断，但该公司仍交付了 13,183 辆汽车。</blockquote></p><p> Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p><p><blockquote>蔚来会跑赢自己的指引吗？我认为这是可能的，但考虑到持续的芯片短缺问题，不太可能。然而，如果其 6 月份的业绩使其第二季度总额处于指导范围的高端，我不会感到惊讶。我们一两天后就会知道。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-30 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p><p><blockquote>华尔街的乐观言论提高了蔚来汽车 6 月份销售报告之前的预期。</blockquote></p><p> Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p><p><blockquote>中国电动汽车制造商的股票<b>蔚来</b>（纽约证券交易所股票代码：NIO）在周三早盘交易中走高，此前一位华尔街分析师上调了该银行对该股的目标价。</blockquote></p><p> As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p><p><blockquote>截至美国东部时间上午 11:35，蔚来汽车美国存托股票较周二收盘价上涨约 5.9%。</blockquote></p><p> In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p><p><blockquote>在周二下午发布的一份说明中。花旗银行分析师 Jeff Chung 将蔚来的目标股价从 58.30 美元上调至 72 美元，同时重申了他之前对该股的买入评级。</blockquote></p><p> Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p><p><blockquote>Chung 写道，他预计蔚来 6 月份将报告“强劲的出货量”，他认为随后 2021 年第三和第四季度将实现环比增长。他现在预计蔚来将在 2021 年交付 93,000 辆汽车，高于他之前预计的 90,000 辆，并上调了 2022 年和 2024 年的预测，同时还提高了蔚来汽车股票的目标市盈率。</blockquote></p><p> NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p><p><blockquote>蔚来通常会在月底后不久公布月度交付量，这意味着我们最早可以在周四上午看到蔚来汽车 6 月份的业绩。该公司本月早些时候重申了其指引，评级第二季度的总交付量在 21,000 至 22,000 辆之间。截至 5 月底，尽管电脑芯片短缺导致生产中断，但该公司仍交付了 13,183 辆汽车。</blockquote></p><p> Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p><p><blockquote>蔚来会跑赢自己的指引吗？我认为这是可能的，但考虑到持续的芯片短缺问题，不太可能。然而，如果其 6 月份的业绩使其第二季度总额处于指导范围的高端，我不会感到惊讶。我们一两天后就会知道。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121473384","content_text":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.\nAs of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.\nIn a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.\nChung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target price-to-earnings multiple for NIO's shares.\nNIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of between 21,000 and 22,000 vehicles for the second quarter. Through the end of May, it had delivered 13,183 vehicles despite production disruptions caused by shortages of computer chips.\nWill NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121959327,"gmtCreate":1624450987569,"gmtModify":1634005997616,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"gogo 😀","listText":"gogo 😀","text":"gogo 😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121959327","repostId":"1145825451","repostType":4,"isVote":1,"tweetType":1,"viewCount":3211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161491212,"gmtCreate":1623937385636,"gmtModify":1634025635216,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"🙂🙂🙂","listText":"🙂🙂🙂","text":"🙂🙂🙂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161491212","repostId":"1114861992","repostType":4,"repost":{"id":"1114861992","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623936627,"share":"https://www.laohunote.com/m/news/1114861992?lang=zh_CN&edition=full","pubTime":"2021-06-17 21:30","market":"us","language":"en","title":"Stocks are flat after post-Fed decision sell-off<blockquote>美联储决定抛售后股市持平</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114861992","media":"Tiger Newspress","summary":"Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.\nThe","content":"<p>Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.</p><p><blockquote>周四股市持平，一天前美联储的利率前景引发了抛售。</blockquote></p><p> The Dow Jones Industrial Average dropped 5 points. The S&amp;P 500 was flat and Nasdaq Composite fell 0.15%.</p><p><blockquote>道琼斯工业平均指数下跌5点。标普500持平，纳斯达克综合指数下跌0.15%。</blockquote></p><p> The closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.</p><p><blockquote>周三备受关注的美联储会议引发股市抛售，此前美联储提前了加息时间表，预计 2023 年将加息两次。美联储今年还将通胀率上调至3.4%，比联邦公开市场委员会3月份的预测高出一个百分点。</blockquote></p><p> Materials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.</p><p><blockquote>材料股周四将下跌，因为较高的利率可能会进一步削弱 2021 年大宗商品的大幅上涨。中国还在打击大宗商品飙升，以缓解通胀担忧。自由港麦克莫兰导致材料股在盘前交易中走低，下跌 2%。铜期货下跌2%。</blockquote></p><p> Wells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.</p><p><blockquote>富国银行和花旗集团在盘前交易中走高，因为希望加息将提高银行利润。与此同时，一些曾经热门的科技股在盘前交易中走低，Zoom Video 和特斯拉下跌约 1%。</blockquote></p><p> Hedge fund legend&nbsp;David Tepper&nbsp;told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&amp;P 500 is less than 1% from an all-time high.</p><p><blockquote>对冲基金传奇人物大卫·泰珀 (David Tepper) 告诉 CNBC 的斯科特·瓦普纳 (Scott Wapner)，美联储周三做得很好，“股市目前仍然良好”，泰珀表示。标普500距离历史高点不到1%。</blockquote></p><p> On Wednesday, the Dow lost about 265 points and the S&amp;P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.</p><p><blockquote>周三，道琼斯指数下跌约265点，标普500指数小幅下跌0.5%。纳斯达克综合指数下跌 0.2%。</blockquote></p><p> Markets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.</p><p><blockquote>周三，美联储主席杰罗姆·鲍威尔表示，对未来加息的预测应该“持保留态度”，并重申他认为通胀是暂时的，市场从盘中低点反弹。鲍威尔也没有就央行何时开始缩减债券购买计划发布指导。</blockquote></p><p> \"You can think of this meeting that we had as the 'talking about talking about' meeting, if you'd like,\" Powell said when asked about tapering. \"I now suggest that we retire that term, which has served its purpose.\"</p><p><blockquote>当被问及缩减规模时，鲍威尔表示：“如果你愿意，你可以将我们举行的这次会议视为‘谈论谈论’会议。”“我现在建议我们废除该术语，该术语已经达到了其目的。”</blockquote></p><p> The Fed chair said the central bank will continue to monitor the economic recovery and will provide \"advanced notice\" before announcing any updates regarding tapering.</p><p><blockquote>美联储主席表示，央行将继续监测经济复苏，并将在宣布任何有关缩减规模的更新之前提供“提前通知”。</blockquote></p><p> The Labor Department reported that initial jobless claimsrose last week to 412,000, an improvement from the previous week's 375,000, but above Dow Jones expectations of 360,000.</p><p><blockquote>美国劳工部报告称，上周首次申请失业救济人数升至 41.2 万人，比前一周的 37.5 万人有所改善，但高于道琼斯预期的 36 万人。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks are flat after post-Fed decision sell-off<blockquote>美联储决定抛售后股市持平</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks are flat after post-Fed decision sell-off<blockquote>美联储决定抛售后股市持平</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-17 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.</p><p><blockquote>周四股市持平，一天前美联储的利率前景引发了抛售。</blockquote></p><p> The Dow Jones Industrial Average dropped 5 points. The S&amp;P 500 was flat and Nasdaq Composite fell 0.15%.</p><p><blockquote>道琼斯工业平均指数下跌5点。标普500持平，纳斯达克综合指数下跌0.15%。</blockquote></p><p> The closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.</p><p><blockquote>周三备受关注的美联储会议引发股市抛售，此前美联储提前了加息时间表，预计 2023 年将加息两次。美联储今年还将通胀率上调至3.4%，比联邦公开市场委员会3月份的预测高出一个百分点。</blockquote></p><p> Materials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.</p><p><blockquote>材料股周四将下跌，因为较高的利率可能会进一步削弱 2021 年大宗商品的大幅上涨。中国还在打击大宗商品飙升，以缓解通胀担忧。自由港麦克莫兰导致材料股在盘前交易中走低，下跌 2%。铜期货下跌2%。</blockquote></p><p> Wells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.</p><p><blockquote>富国银行和花旗集团在盘前交易中走高，因为希望加息将提高银行利润。与此同时，一些曾经热门的科技股在盘前交易中走低，Zoom Video 和特斯拉下跌约 1%。</blockquote></p><p> Hedge fund legend&nbsp;David Tepper&nbsp;told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&amp;P 500 is less than 1% from an all-time high.</p><p><blockquote>对冲基金传奇人物大卫·泰珀 (David Tepper) 告诉 CNBC 的斯科特·瓦普纳 (Scott Wapner)，美联储周三做得很好，“股市目前仍然良好”，泰珀表示。标普500距离历史高点不到1%。</blockquote></p><p> On Wednesday, the Dow lost about 265 points and the S&amp;P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.</p><p><blockquote>周三，道琼斯指数下跌约265点，标普500指数小幅下跌0.5%。纳斯达克综合指数下跌 0.2%。</blockquote></p><p> Markets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.</p><p><blockquote>周三，美联储主席杰罗姆·鲍威尔表示，对未来加息的预测应该“持保留态度”，并重申他认为通胀是暂时的，市场从盘中低点反弹。鲍威尔也没有就央行何时开始缩减债券购买计划发布指导。</blockquote></p><p> \"You can think of this meeting that we had as the 'talking about talking about' meeting, if you'd like,\" Powell said when asked about tapering. \"I now suggest that we retire that term, which has served its purpose.\"</p><p><blockquote>当被问及缩减规模时，鲍威尔表示：“如果你愿意，你可以将我们举行的这次会议视为‘谈论谈论’会议。”“我现在建议我们废除该术语，该术语已经达到了其目的。”</blockquote></p><p> The Fed chair said the central bank will continue to monitor the economic recovery and will provide \"advanced notice\" before announcing any updates regarding tapering.</p><p><blockquote>美联储主席表示，央行将继续监测经济复苏，并将在宣布任何有关缩减规模的更新之前提供“提前通知”。</blockquote></p><p> The Labor Department reported that initial jobless claimsrose last week to 412,000, an improvement from the previous week's 375,000, but above Dow Jones expectations of 360,000.</p><p><blockquote>美国劳工部报告称，上周首次申请失业救济人数升至 41.2 万人，比前一周的 37.5 万人有所改善，但高于道琼斯预期的 36 万人。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114861992","content_text":"Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.\nThe Dow Jones Industrial Average dropped 5 points. The S&P 500 was flat and Nasdaq Composite fell 0.15%.\nThe closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.\nMaterials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.\nWells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.\nHedge fund legend David Tepper told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&P 500 is less than 1% from an all-time high.\nOn Wednesday, the Dow lost about 265 points and the S&P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.\nMarkets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.\n\"You can think of this meeting that we had as the 'talking about talking about' meeting, if you'd like,\" Powell said when asked about tapering. \"I now suggest that we retire that term, which has served its purpose.\"\nThe Fed chair said the central bank will continue to monitor the economic recovery and will provide \"advanced notice\" before announcing any updates regarding tapering.\nThe Labor Department reported that initial jobless claimsrose last week to 412,000, an improvement from the previous week's 375,000, but above Dow Jones expectations of 360,000.","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2079,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160425260,"gmtCreate":1623804894050,"gmtModify":1634027940656,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160425260","repostId":"2143765560","repostType":4,"isVote":1,"tweetType":1,"viewCount":2565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131308220,"gmtCreate":1621824822960,"gmtModify":1634186308672,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"yes[想吃]&nbsp;","listText":"yes[想吃]&nbsp;","text":"yes[想吃]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131308220","repostId":"1159725394","repostType":4,"isVote":1,"tweetType":1,"viewCount":4253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":145035045,"gmtCreate":1626182492987,"gmtModify":1633929336361,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"hiii","listText":"hiii","text":"hiii","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145035045","repostId":"1107596232","repostType":4,"isVote":1,"tweetType":1,"viewCount":3233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145033392,"gmtCreate":1626182219016,"gmtModify":1633929340385,"author":{"id":"3582692526459661","authorId":"3582692526459661","name":"YH13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582692526459661","authorIdStr":"3582692526459661"},"themes":[],"title":"","htmlText":"Go goldman 😀","listText":"Go goldman 😀","text":"Go goldman 😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145033392","repostId":"2151563412","repostType":4,"repost":{"id":"2151563412","kind":"highlight","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626175491,"share":"https://www.laohunote.com/m/news/2151563412?lang=zh_CN&edition=full","pubTime":"2021-07-13 19:24","market":"hk","language":"en","title":"Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2151563412","media":"Tiger Newspress","summary":"Goldman Sachs reported its second-quarter earnings before the bell on Tuesday.\nHere are the numbers:","content":"<p>Goldman Sachs&nbsp;reported its second-quarter earnings before the bell on Tuesday.</p><p><blockquote>高盛周二盘前公布了第二季度财报。</blockquote></p><p> Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p> <b>Earnings:</b>&nbsp;$15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)</p><p><blockquote><b>收益：</b>路孚特调查的分析师预期为每股 15.02 美元，而路孚特调查的分析师预期为 10.24 美元。一年前，高盛的每股收益为 6.26 美元（如果考虑到与 1MDB 和解相关的成本，每股收益为 53 美分。）</blockquote></p><p> <b>Revenue:</b>&nbsp;$15.39 billion vs. $12.17 billion expected</p><p><blockquote><b>收入：</b>153.9亿美元，而预期为121.7亿美元</blockquote></p><p> Investment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.</p><p><blockquote>随着蓬勃发展的 IPO 市场促进了高盛的股票承销，投资银行业公布了有史以来第二高的季度收入，达到 36.1 亿美元，仅次于 2021 年第一季度。</blockquote></p><p> Last month, following the strong results of the Federal Reserve'sannual stress test,&nbsp;Goldman&nbsp;said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.</p><p><blockquote>上个月，在美联储年度压力测试取得强劲结果后，高盛表示，计划将股息提高60%，至每股2美元，但须获得该行董事会的批准。</blockquote></p><p> For its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.</p><p><blockquote>2021 年第一季度，这家总部位于纽约的银行凭借创纪录的净利润和收入超出了分析师的预期，这得益于廉价消费者存款推动零售银行业务的增长，该公司投资银行和交易业务的强劲表现。</blockquote></p><p> Of the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.</p><p><blockquote>在美国六大银行中，高盛从包括交易和投资银行在内的华尔街活动中获得的收入份额最大。</blockquote></p><p> Shares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.</p><p><blockquote>在 Covid-19 大流行经济复苏的推动下，高盛股价在 2021 年上涨了 45%。</blockquote></p><p> Goldman Sachs&nbsp;shares&nbsp;rises&nbsp;0.7%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>高盛股价在盘前交易中上涨 0.7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a40ec6831977fb2be9119f32e2df1b54\" tg-width=\"1260\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-13 19:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Goldman Sachs&nbsp;reported its second-quarter earnings before the bell on Tuesday.</p><p><blockquote>高盛周二盘前公布了第二季度财报。</blockquote></p><p> Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p> <b>Earnings:</b>&nbsp;$15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)</p><p><blockquote><b>收益：</b>路孚特调查的分析师预期为每股 15.02 美元，而路孚特调查的分析师预期为 10.24 美元。一年前，高盛的每股收益为 6.26 美元（如果考虑到与 1MDB 和解相关的成本，每股收益为 53 美分。）</blockquote></p><p> <b>Revenue:</b>&nbsp;$15.39 billion vs. $12.17 billion expected</p><p><blockquote><b>收入：</b>153.9亿美元，而预期为121.7亿美元</blockquote></p><p> Investment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.</p><p><blockquote>随着蓬勃发展的 IPO 市场促进了高盛的股票承销，投资银行业公布了有史以来第二高的季度收入，达到 36.1 亿美元，仅次于 2021 年第一季度。</blockquote></p><p> Last month, following the strong results of the Federal Reserve'sannual stress test,&nbsp;Goldman&nbsp;said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.</p><p><blockquote>上个月，在美联储年度压力测试取得强劲结果后，高盛表示，计划将股息提高60%，至每股2美元，但须获得该行董事会的批准。</blockquote></p><p> For its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.</p><p><blockquote>2021 年第一季度，这家总部位于纽约的银行凭借创纪录的净利润和收入超出了分析师的预期，这得益于廉价消费者存款推动零售银行业务的增长，该公司投资银行和交易业务的强劲表现。</blockquote></p><p> Of the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.</p><p><blockquote>在美国六大银行中，高盛从包括交易和投资银行在内的华尔街活动中获得的收入份额最大。</blockquote></p><p> Shares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.</p><p><blockquote>在 Covid-19 大流行经济复苏的推动下，高盛股价在 2021 年上涨了 45%。</blockquote></p><p> Goldman Sachs&nbsp;shares&nbsp;rises&nbsp;0.7%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>高盛股价在盘前交易中上涨 0.7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a40ec6831977fb2be9119f32e2df1b54\" tg-width=\"1260\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛","QTWO":"Q2 Holdings Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151563412","content_text":"Goldman Sachs reported its second-quarter earnings before the bell on Tuesday.\nHere are the numbers:\nEarnings: $15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)\nRevenue: $15.39 billion vs. $12.17 billion expected\nInvestment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.\nLast month, following the strong results of the Federal Reserve'sannual stress test, Goldman said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.\nFor its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.\nOf the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.\nShares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.\nGoldman Sachs shares rises 0.7% in premarket trading.","news_type":1,"symbols_score_info":{"GS":0.9,"QTWO":0.9}},"isVote":1,"tweetType":1,"viewCount":2266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}