---
title: "Nio's Outlook For 2024 'Remains Challenging': Analyst Flags Shrinking Market Share"
description: "Shares of Nio Inc (NYSE: NIO) declined as electric vehicle deliveries continue to decline in China. The company's market share has contracted, and the outlook for 2024 remains challenging. Nio's fourt"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/109472673.md"
published_at: "2024-03-07T16:19:20.000Z"
---

# Nio's Outlook For 2024 'Remains Challenging': Analyst Flags Shrinking Market Share

> Shares of Nio Inc (NYSE: NIO) declined as electric vehicle deliveries continue to decline in China. The company's market share has contracted, and the outlook for 2024 remains challenging. Nio's fourth-quarter results showed margin contraction and widening losses. Bernstein analyst Eunice Lee maintained a Market-Perform rating on Nio with a reduced price target. The 2024 model cycle is expected to be challenging, with minimal new releases. Nio will introduce facelifts for its lineup, but past facelifts have had limited impact on sales volume. Nio's stock price was down 3.5% at $5.56.

Shares of **Nio Inc** (NYSE:NIO) were trading lower on Thursday amid reports of electric vehicle deliveries continuing to decline in China.

The company’s fourth-quarter results reflected margin contraction and widening losses, and the setup for 2024 “remains challenging,” according to Bernstein.

**The Nio Analyst:** Eunice Lee maintained a Market-Perform rating on Nio, while reducing the price target from $7.50 to $5.50.

**The Nio Thesis:** The company’s market share has contracted from around 5% in 2021 to about 2% currently, despite the portfolio growing from three to eight models, Lee said in a note.

*Check out other analyst stock ratings.*

The 2024 model cycle appears “challenging,” the analyst wrote, while adding, "We struggle to see a turnaround." He elaborated that there will be only one new SUV from the Alps brand this year, and no new models from the NIO brand.

“NIO will also introduce facelifts for its entire line up between March and May, but NIO’s past major facelifts have done little to boost sales volume beyond the first couple months,” Lee further stated.

**NIO Price Action:** Shares of Nio were down 3.5% to $5.56 at the time of publication Thursday.

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*Photo: Nio*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
