Deutsche Bank: NIO-SW (09866.HK) Achieves record high sales in October, target price of 82 Hong Kong dollars.

According to the Securities Times APP, Deutsche Bank released a research report stating that NIO-SW (09866.HK) October sales increased by 93% year-on-year and 16% month-on-month to 40,397 vehicles, reaching a historical high. The company's management expects the third-quarter automotive gross profit margin to increase from 10.3% to 13% to 14%, mainly benefiting from the operating leverage effect brought by rapid sales growth. The bank gave NIO a "buy" rating with a target price of HK$82.