$NIO Inc.(NIO)$ A key factor b

A key factor behind the renewed optimism surrounding Nio is the upcoming launch of the L60 model on September 20, 2024, which has already generated positive feedback. Analysts at Jefferies view this launch as a significant near-term catalyst, “We estimate that there is about a 70% to 80% (or "very likely") probability for the scenario,” the analysts said.

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