$NIO Inc.(NIO)$ NIO INKS NEW D

NIO INKS NEW DEAL TO ACCELERATE BATTERY CHARGING AND SWAPPING INFRASTRUCTURE IN CHINA. Additionally, in the energy sector, a virtual power plant (VPP) concept is utilized, linking numerous decentralized energy resources like solar panels, wind turbines, battery storage systems, and electric vehicles. These resources are managed via a centralized software platform, enabling them to function collectively akin to a single power plant. What’s more, Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and a $10.00 price target emphasizing the increase in weekly orders on the second half of the month that followed enhancements made to Nio’s Battery as a Service (BaaS) program. The price target implies an upside potential of over 115% based on Monday’s closing price of $4.64 per share.

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