Lates News

Nomura Securities analysts wrote in a report that Nio Motors (NIO.N) needs to launch more popular models to further support its sales volume, market share, and profit margins. They stated that investors will be focusing on the performance of Nio's ES9, which is set to be released next Wednesday. Despite the positive customer feedback in ES9's pre-sale data, Nomura remains optimistic about the company and expects Nio to achieve quarter-on-quarter improvements in delivery volume and financial data in the second half of this year. Nio plans to launch a five-seat version of ES8 in the second half of the year and introduce three to five new models each year in the coming years. Nomura maintains a buy rating on Nio Motors with a target price of $8.60. The stock's American Depositary Receipt closed at $5.60 yesterday.