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Daiwa Securities analysts stated in a report that with a diversified product line, Nio is preparing to enter a new vehicle cycle. Nio will launch the ES9 on May 27 and introduce a new five-seat version of the ES8 in the second half of the year. They mentioned that the company plans to launch three to five new models in the coming years while also planning to build 1000 battery swapping stations this year. After Nio announced strong first quarter results, Daiwa raised its profit forecast for 2026 and 2027. The institution maintains a buy rating on Nio.
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