NIO(NIO) ZACKS·2024-12-24 16:41NIO's New Product Launches - NIO introduced its second sub-brand and third overall BEV brand, Firefly, at NIO Day 2024, with the flagship model priced at RMB 148,800 in China [1] - Firefly competes with BMW's MINI and Mercedes-Benz's Smart, offering a compact size and smart features, with potential battery-as-a-service (BaaS) rental options [3] - Firefly is envisioned as an affordable global EV line, with sales in China starting in April 2025 and a European launch in the first half of 2025 [9] NIO's ET9 Sedan - NIO introduced the new ET9 sedan, priced at RMB 788,000 for the standard trim with a battery, undercutting its previously announced presale price of RMB 800,000 [6] - The ET9 features NIO's proprietary Shenji NX9031 autonomous driving chip, dual electric motors producing 520 kW of power and 700 Nm of torque, and a 105-liter frunk capacity [4] - The limited launch edition trim of ET9, priced at RMB 818,000 and capped at 999 units, sold out in China within 24 hours [6] Financial Estimates for Other Companies - The Zacks Consensus Estimate for BLBD's fiscal 2025 sales and earnings suggests year-over-year growth of 10.97% and 12.14%, respectively, with EPS estimates improving by 18 cents in the past 30 days [2] - The Zacks Consensus Estimate for DORM's 2024 sales and earnings suggests year-over-year growth of 3.66% and 51.98%, respectively, with EPS estimates improving by 75 cents and 88 cents in the past 60 days [5] - The Zacks Consensus Estimate for GELYY's 2024 sales and earnings suggests year-over-year growth of 51.88% and 216.67%, respectively, with EPS estimates improving by a penny and 12 cents in the past 30 days [8] Industry Rankings - NIO currently carries a Zacks Rank 3 (Hold) [7] - Better-ranked stocks in the auto space include Dorman Products, Inc. (DORM), Geely Automobile Holdings Limited (GELYY), and Blue Bird Corporation (BLBD), each sporting a Zacks Rank 1 (Strong Buy) [10]