Bank of America Raises Estimates on Nio Following Strong Delivery Growth

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Bank of America Raises Estimates on Nio Following Strong Delivery Growth

Investing.com2023-08-17

Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO ...

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Barbarazhao
·2023-08-17
Good news indeed
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FGP
·2023-08-17
Hold hold for price jump $20 $30 $40......
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Merdeka1981
·2023-08-17
The swings for Nio are just WILD!
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Gerardngo
·2023-08-17
They know what's cooking behind the scene 😉
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Notably, the new ES6 model contributed significantly to this achievement by surpassing 10k units in deliveries during the same month. Additionally, the sales for the month of July totaled 75k units for NIO's YT model, demonstrating YoY growth of 23%.Analysts wrote in a note, “We expect NIO’s vehicle delivery to be 20-21k per month in August and September due to auto component constraint, but we believe component supply will improve in 4Q23.”Bank of America raised 2023/24/25 sales volume estimates by 0.4%/1.6%/16% for ET5, ES6 and NIO’s mass-market brand Alps, respectively.Shares of NIO are down 3.63% to $11.40 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":209747959705688,"gmtCreate":1692247943887,"gmtModify":1692247949437,"author":{"id":"3584079457608282","authorId":"3584079457608282","name":"FGP","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":9,"crmLevelSwitch":1,"idStr":"3584079457608282","authorIdStr":"3584079457608282"},"htmlText":"Hold hold for price jump $20 $30 $40......","listText":"Hold hold for price jump $20 $30 $40......","text":"Hold hold for price jump $20 $30 $40......","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209747959705688","repostId":2359383438,"repostType":2,"repost":{"id":"2359383438","pubTimestamp":1692242644,"share":"https://ttm.financial/m/news/2359383438?lang=&edition=fundamental","pubTime":"2023-08-17 11:24","market":"us","language":"en","title":"Bank of America Raises Estimates on Nio Following Strong Delivery Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=2359383438","media":"Investing.com","summary":"Bank of America reiterated a Buy rating on Nio Inc. (NYSE: NIO) and raised their 12-month price target on the ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)","content":"<html><head></head><body><p>Bank of America reiterated a Buy rating on <a href=\"https://laohu8.com/S/NIO\">Nio</a> and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.</p><p style=\"text-align: left;\">NIO recorded a significant increase in deliveries in July, with 20.5k units, marking a remarkable growth of 104% compared to the previous year and an impressive 91% increase compared to the previous month. Notably, the new ES6 model contributed significantly to this achievement by surpassing 10k units in deliveries during the same month. Additionally, the sales for the month of July totaled 75k units for NIO&#39;s YT model, demonstrating YoY growth of 23%.</p><p style=\"text-align: left;\">Analysts wrote in a note, “We expect NIO’s vehicle delivery to be 20-21k per month in August and September due to auto component constraint, but we believe component supply will improve in 4Q23.”</p><p style=\"text-align: left;\">Bank of America raised 2023/24/25 sales volume estimates by 0.4%/1.6%/16% for ET5, ES6 and NIO’s mass-market brand Alps, respectively.</p><p style=\"text-align: left;\">Shares of NIO are down 3.63% to $11.40 on Wednesday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Raises Estimates on Nio Following Strong Delivery Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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\">\nBank of America Raises Estimates on Nio Following Strong Delivery Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-17 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22053239><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22053239\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"source_url":"https://www.streetinsider.com/dr/news.php?id=22053239","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359383438","content_text":"Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO recorded a significant increase in deliveries in July, with 20.5k units, marking a remarkable growth of 104% compared to the previous year and an impressive 91% increase compared to the previous month. Notably, the new ES6 model contributed significantly to this achievement by surpassing 10k units in deliveries during the same month. Additionally, the sales for the month of July totaled 75k units for NIO's YT model, demonstrating YoY growth of 23%.Analysts wrote in a note, “We expect NIO’s vehicle delivery to be 20-21k per month in August and September due to auto component constraint, but we believe component supply will improve in 4Q23.”Bank of America raised 2023/24/25 sales volume estimates by 0.4%/1.6%/16% for ET5, ES6 and NIO’s mass-market brand Alps, respectively.Shares of NIO are down 3.63% to $11.40 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":209743708725272,"gmtCreate":1692246905019,"gmtModify":1692246909711,"author":{"id":"4102568791638160","authorId":"4102568791638160","name":"Merdeka1981","avatar":"https://community-static.tradeup.com/news/370fc16a4d1090b47fe92034808ebbdd","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"idStr":"4102568791638160","authorIdStr":"4102568791638160"},"htmlText":"The swings for Nio are just WILD!","listText":"The swings for Nio are just WILD!","text":"The swings for Nio are just WILD!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209743708725272","repostId":2359383438,"repostType":4,"repost":{"id":"2359383438","pubTimestamp":1692242644,"share":"https://ttm.financial/m/news/2359383438?lang=&edition=fundamental","pubTime":"2023-08-17 11:24","market":"us","language":"en","title":"Bank of America Raises Estimates on Nio Following Strong Delivery Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=2359383438","media":"Investing.com","summary":"Bank of America reiterated a Buy rating on Nio Inc. (NYSE: NIO) and raised their 12-month price target on the ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)","content":"<html><head></head><body><p>Bank of America reiterated a Buy rating on <a href=\"https://laohu8.com/S/NIO\">Nio</a> and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.</p><p style=\"text-align: left;\">NIO recorded a significant increase in deliveries in July, with 20.5k units, marking a remarkable growth of 104% compared to the previous year and an impressive 91% increase compared to the previous month. Notably, the new ES6 model contributed significantly to this achievement by surpassing 10k units in deliveries during the same month. Additionally, the sales for the month of July totaled 75k units for NIO&#39;s YT model, demonstrating YoY growth of 23%.</p><p style=\"text-align: left;\">Analysts wrote in a note, “We expect NIO’s vehicle delivery to be 20-21k per month in August and September due to auto component constraint, but we believe component supply will improve in 4Q23.”</p><p style=\"text-align: left;\">Bank of America raised 2023/24/25 sales volume estimates by 0.4%/1.6%/16% for ET5, ES6 and NIO’s mass-market brand Alps, respectively.</p><p style=\"text-align: left;\">Shares of NIO are down 3.63% to $11.40 on Wednesday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Raises Estimates on Nio Following Strong Delivery Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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\">\nBank of America Raises Estimates on Nio Following Strong Delivery Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-17 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22053239><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22053239\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"source_url":"https://www.streetinsider.com/dr/news.php?id=22053239","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359383438","content_text":"Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO recorded a significant increase in deliveries in July, with 20.5k units, marking a remarkable growth of 104% compared to the previous year and an impressive 91% increase compared to the previous month. Notably, the new ES6 model contributed significantly to this achievement by surpassing 10k units in deliveries during the same month. Additionally, the sales for the month of July totaled 75k units for NIO's YT model, demonstrating YoY growth of 23%.Analysts wrote in a note, “We expect NIO’s vehicle delivery to be 20-21k per month in August and September due to auto component constraint, but we believe component supply will improve in 4Q23.”Bank of America raised 2023/24/25 sales volume estimates by 0.4%/1.6%/16% for ET5, ES6 and NIO’s mass-market brand Alps, respectively.Shares of NIO are down 3.63% to $11.40 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":209728250859696,"gmtCreate":1692243158820,"gmtModify":1692243163280,"author":{"id":"3574891504712210","authorId":"3574891504712210","name":"Gerardngo","avatar":"https://static.tigerbbs.com/6c41063ae779ed653ae67917a0bf7568","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":0,"idStr":"3574891504712210","authorIdStr":"3574891504712210"},"htmlText":"They know what's cooking behind the scene 😉","listText":"They know what's cooking behind the scene 😉","text":"They know what's cooking behind the scene 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209728250859696","repostId":2359383438,"repostType":2,"repost":{"id":"2359383438","pubTimestamp":1692242644,"share":"https://ttm.financial/m/news/2359383438?lang=&edition=fundamental","pubTime":"2023-08-17 11:24","market":"us","language":"en","title":"Bank of America Raises Estimates on Nio Following Strong Delivery Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=2359383438","media":"Investing.com","summary":"Bank of America reiterated a Buy rating on Nio Inc. (NYSE: NIO) and raised their 12-month price target on the ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)","content":"<html><head></head><body><p>Bank of America reiterated a Buy rating on <a href=\"https://laohu8.com/S/NIO\">Nio</a> and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.</p><p style=\"text-align: left;\">NIO recorded a significant increase in deliveries in July, with 20.5k units, marking a remarkable growth of 104% compared to the previous year and an impressive 91% increase compared to the previous month. Notably, the new ES6 model contributed significantly to this achievement by surpassing 10k units in deliveries during the same month. Additionally, the sales for the month of July totaled 75k units for NIO&#39;s YT model, demonstrating YoY growth of 23%.</p><p style=\"text-align: left;\">Analysts wrote in a note, “We expect NIO’s vehicle delivery to be 20-21k per month in August and September due to auto component constraint, but we believe component supply will improve in 4Q23.”</p><p style=\"text-align: left;\">Bank of America raised 2023/24/25 sales volume estimates by 0.4%/1.6%/16% for ET5, ES6 and NIO’s mass-market brand Alps, respectively.</p><p style=\"text-align: left;\">Shares of NIO are down 3.63% to $11.40 on Wednesday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Raises Estimates on Nio Following Strong Delivery Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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\">\nBank of America Raises Estimates on Nio Following Strong Delivery Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-17 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22053239><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22053239\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"source_url":"https://www.streetinsider.com/dr/news.php?id=22053239","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359383438","content_text":"Bank of America reiterated a Buy rating on Nio and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.NIO recorded a significant increase in deliveries in July, with 20.5k units, marking a remarkable growth of 104% compared to the previous year and an impressive 91% increase compared to the previous month. Notably, the new ES6 model contributed significantly to this achievement by surpassing 10k units in deliveries during the same month. Additionally, the sales for the month of July totaled 75k units for NIO's YT model, demonstrating YoY growth of 23%.Analysts wrote in a note, “We expect NIO’s vehicle delivery to be 20-21k per month in August and September due to auto component constraint, but we believe component supply will improve in 4Q23.”Bank of America raised 2023/24/25 sales volume estimates by 0.4%/1.6%/16% for ET5, ES6 and NIO’s mass-market brand Alps, respectively.Shares of NIO are down 3.63% to $11.40 on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":16,"commentSize":4,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}