Is good news to NIO stock. Cho

2021-07-10

Is good news to NIO stock. Choing....

Electric vehicle company Nio can rally 50%, says HSBC as it upgrades the stock

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tanpp2307
2021-07-10
tanpp2307
Its hard to predict, but in the long run, i believe that the world needs to move towards electric or at least hybrid vehicles.
- dho:
  Cny Ang Bao for all
AnthonyC
2021-07-10
AnthonyC
Chiong ah!

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Choing....","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/141210680","repostId":1104740942,"repostType":4,"repost":{"id":"1104740942","pubTimestamp":1625872705,"share":"https://www.laohu8.com/m/news/1104740942?lang=&edition=full","pubTime":"2021-07-10 07:18","market":"us","language":"en","title":"Electric vehicle company Nio can rally 50%, says HSBC as it upgrades the stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1104740942","media":"CNBC","summary":"Chinese automaker Nio stands to benefit from strong electric vehicle demand growth, which should pus","content":"<div>\n<p>Chinese automaker Nio stands to benefit from strong electric vehicle demand growth, which should push the stock higher, HSBC said Friday as it upgraded the company to a buy rating.\n“We expect Nio’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/electric-vehicle-company-nio-can-rally-50percent-says-hsbc-as-it-upgrades-the-stock.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElectric vehicle company Nio can rally 50%, says HSBC as it upgrades the stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-10 07:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/09/electric-vehicle-company-nio-can-rally-50percent-says-hsbc-as-it-upgrades-the-stock.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese automaker Nio stands to benefit from strong electric vehicle demand growth, which should push the stock higher, HSBC said Friday as it upgraded the company to a buy rating.\n“We expect Nio’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/electric-vehicle-company-nio-can-rally-50percent-says-hsbc-as-it-upgrades-the-stock.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.cnbc.com/2021/07/09/electric-vehicle-company-nio-can-rally-50percent-says-hsbc-as-it-upgrades-the-stock.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1104740942","content_text":"Chinese automaker Nio stands to benefit from strong electric vehicle demand growth, which should push the stock higher, HSBC said Friday as it upgraded the company to a buy rating.\n“We expect Nio’s volume growth momentum to pick up on strong EV demand and the competitive premium EV proposition and established brand traction,” the firm said.\nBased on expectations of higher revenue growth, the firm also raised its price target on U.S.-listed shares to $69, which is about 51% above where the stock closed on Thursday. HSBC’s prior target was $54.\nNio said earlier in July that it delivered a record 8,083 vehicles in June, bringing its total for the second quarter to 21,896. The company had forecast deliveries between 21,000 and 22,000 for the period. June’s number follows a decline in May as the global chip shortage hurt Nio’s business.\nFor 2021, Nio has delivered more than 41,900 cars, which is almost as high as 2020′s total of 43,728.\nHSBC said that Nio’s established place in the electric vehicle market gives it a first-mover advantage as vehicle sales expand.\n“We see Nio’s strong brand traction, solid product offering and solid reputation among existing car owners to likely drive its continuing volume growth,” analysts led by Yuqian Ding wrote in a note to clients. “With existing SUV models and the to-be-introduced sedan series and its in-house autonomous driving software, we see Nio likely establishing itself in the premium EV segment.”\nUnderlying HSBC’s bullish call on Nio is the firm’s belief that electric vehicle sales across China will continue to rise. Ding noted that through May NEV sales, or new energy vehicles as they’re called in China, rose 236% year over year compared to 38% year-over-year growth in the overall auto market.\n“Generation Z, in our view, is likely the most tangible car buyer group for the coming decade and they are more electric vehicle friendly,” he said.\nHSBC lifted its 2025 and 2030 electric vehicle penetration estimates to 22% and 45%, up from 19% and 39%, respectively. Under its bull case scenario, the firm envisions EVs encompassing 71% of the market by 2030.\nHSBC also holds buy ratings on Contemporary Amperex Technology Co Ltd and BYD.\nShares of Nio were down slightly on Friday. For the year they’re down 6%, but up nearly 213% over the last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":31,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5177012,"gmtCreate":1625875284437,"gmtModify":1663230781729,"authorId":3585983433962847,"author":{"id":3585983433962847,"authorId":3585983433962847,"name":"tanpp2307","avatar":"https://static.tigerbbs.com/b4cb1adebe779f631f65a6b4332f7bc5","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141210680,"type":1,"supId":0,"prevId":0,"content":"Its hard to predict, but in the long run, i believe that the world needs to move towards electric or at least hybrid vehicles. ","text":"Its hard to predict, but in the long run, i believe that the world needs to move towards electric or at least hybrid vehicles. ","html":"Its hard to predict, but in the long run, i believe that the world needs to move towards electric or at least hybrid vehicles. ","likeSize":0,"commentSize":1,"subComments":[{"id":5177039,"gmtCreate":1625875393714,"gmtModify":1663230779038,"authorId":3571475992036725,"author":{"id":3571475992036725,"authorId":3571475992036725,"name":"dho","avatar":"https://static.tigerbbs.com/91164006b0a9bd189f1043a2804ae141","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141210680,"type":1,"supId":5177012,"prevId":0,"content":"Cny Ang Bao for&nbsp; <u>all</u>","text":"Cny Ang Bao for&nbsp; <u>all</u>","html":"Cny Ang Bao for&nbsp; <u>all</u>"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":5176914,"gmtCreate":1625874851233,"gmtModify":1663230779332,"authorId":3571137160288122,"author":{"id":3571137160288122,"authorId":3571137160288122,"name":"AnthonyC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141210680,"type":1,"supId":0,"prevId":0,"content":"Chiong ah!","text":"Chiong ah!","html":"Chiong ah!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/141210680"}