On September 18, NIO-SW rose 3.71% in regular trading, trading at HK$29.04 per share, with turnover of HK$9.67 million. The stock rebounded from recent weakness driven by a significant industry collaboration development.
On the news front, six Anhui-based enterprises led by Chery collectively acquired stakes in a NIO subsidiary, marking a deepening of Anhui's new energy vehicle supply chain integration. The move is expected to bolster NIO's battery swap ecosystem and supply chain system with broader industrial resources. This follows UBS initiating coverage on NIO with a \"Buy\" rating and a HK$43 target price, implying approximately 46% upside, with the bank projecting NIO to turn profitable in fiscal year 2027 with net income of RMB 1.684 billion.
Fundamentally, NIO reported Q2 total revenue of RMB 32.14 billion, up 69.1% year-over-year, achieving a third consecutive quarter of adjusted operating profit. The NIO brand's average selling price reached RMB 406,000, surpassing BBA peers, while flagship model ES8 recently completed its 150,000th delivery within roughly one year of launch.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments