Nio stock fell slightly early Wednesday but is headed for its best week since January as management reaffirmed a key financial goal.
"We are very confident to achieve our sales target in 2023," Nio CFO Steven Feng told Bloomberg TV Wednesday.
The Chinese EV startup aims to double sales this year. It doubled its product lineup to six electric vehicle models in 2022, and is set to have eight by the latter half of 2023.
Feng sees those new EV models fueling sales. In addition, Feng expects to hit the sales goal by expanding Nio's charging and battery swap network, as well as its self-driving technology.
Nio CEO William Li had also said, on a March 1 earnings call, that the company is "very confident" about doubling sales.
Analysts polled by FactSet expect Nio sales to vault nearly 68% to $12 billion in 2023.
On Wednesday, CFO Feng also addressed the China EV price war, saying he expects industry consolidation with "too many automakers" in the country. "But we have no plans to buy anyone," he added, according to a report of the Bloomberg interview on CnEVPost.com.
Nio Stock, China EV Stocks
U.S.-listed shares of Nio declined 1.1% to 9.16 on the stock market today. Nio stock is still on track for its best week since late January, as it attempts to retake a falling 50-day moving average.
China EV stocks at large are running an assault on resistance at the 50-day line. Startup peers XPeng and Li Auto were little changed.
BYD, which trades over the counter, climbed 1.1%. Tesla stock dipped 0.3%, but rebounding this week from a rising 50-day line. Tesla is on track for a 9% weekly gain on the back of rising insurance registrations in China.
China EV Price War
On Wednesday, the China Association of Automobile Manufacturers (CAAM) urged, in a post on its WeChat account, "rational" auto promotions to help the market "return to normal" after the EV price war.
A Reuters report Tuesday said that Chinese EV giant BYD is reducing shifts as demand weakens in the world's biggest and fastest-growing market for electric vehicles.
BYD has also discounted several electric models, in response to Tesla Model 3 and Model Y price cuts. Several other EV makers, as well as traditional automakers, have slashed prices in 2023.
Tesla triggered the EV wars in China with price cuts late last year and in January.
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蔚来股价周三早些时候小幅下跌，但由于管理层重申了关键财务目标，蔚来股价将迎来自1月份以来最好的一周。
“我们非常有信心在2023年实现我们的销售目标，” Nio 首席财务官史蒂芬·冯周三告诉彭博电视台。
这家中国电动汽车初创公司的目标是今年的销量翻一番。2022 年，它的产品阵容翻了一番，达到六款电动汽车车型，并计划在 2023 年下半年推出八款。
冯认为，这些新的电动汽车车型推动了销售。此外，冯希望通过扩大蔚来的充电和电池交换网络以及其自动驾驶技术来实现销售目标。
蔚来首席执行官威廉·李在3月1日的财报电话会议上也表示，该公司对将销售额翻一番 “非常有信心”。
FactSet调查的分析师预计，到2023年，蔚来的销售额将增长近68％，达到120亿美元。
周三，首席财务官冯还谈到了中国的电动汽车价格战，称他预计该国 “汽车制造商过多” 将导致行业整合。根据彭博社在CNevPost.com上接受采访的报道，他补充说：“但是我们没有收购任何人的计划。”
蔚来股票，中国电动汽车股票
今天，蔚来在美国上市的股票在股市上下跌了1.1％，至9.16。蔚来股票仍有望创下自1月下旬以来最好的一周，因为它试图收回下跌的50天移动平均线。
中国电动汽车股票总体上正在冲击50日线的阻力。创业同行 xPeng 和 李汽车 变化不大。
场外交易的比亚迪上涨了1.1％。特斯拉股价下跌0.3％，但本周从上涨的50日线反弹。在中国保险注册量增加的背景下，特斯拉有望每周增长9％。
中国电动汽车价格战
周三，中国汽车制造商协会（CAAM）在其微信账户上的一篇文章中敦促 “理性” 的汽车促销活动，以帮助电动汽车价格战后市场 “恢复正常”。
路透社周二的报道称，中国电动汽车巨头 比亚迪 随着世界上最大、增长最快的电动汽车市场需求疲软，正在减少轮班次数。
比亚迪还对几款电动车型进行了折扣，以回应特斯拉Model 3和Model Y的降价。其他几家电动汽车制造商以及传统汽车制造商已在2023年下调了价格。
特斯拉 去年年底和1月降价，引发了中国的电动汽车大战。
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