Nio likely to work with Mercedes?
NIO Likely to Sustain Order Momentum Into September
NIO is likely to sustain its strong order momentum into September thanks in part o the upcoming launch of new EC6 model this month, Citi analysts say in a research note. The analysts raise their 2023 sales forecast to 210,000 from 190,000 to factor in NIO's strong order book and higher volume visibility. Given NIO's competitive advantage in battery-swap stations and charging facilities, luxury German brands could seek cooperation with NIO in this area, they say. They revise the EV maker's rating
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet