0445 GMT - Morningstar is less optimistic about NIO's breakeven target for 4Q this year as it remains less confident about its execution capability to increase sales and narrow losses, and prefers Geely, says analyst Vincent Sun. The company's retail promotions led to a 45% gain in vehicle delivery during 4Q last year but a 22% decline in vehicle price, he says in a note. NIO's net loss widened 28% from a year ago, missing market consensus, due to one-off valuation losses, he says. The company has also indicated that vehicle margins will be under pressure in 1Q due to lackluster sales, but is targeting further sales expansion this year, Morningstar adds.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 25, 2025 00:45 ET (04:45 GMT)
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