Yamato Securities: Raises NIO's profit forecast for the next two years, maintains a buy rating.

Analysts from Yamato Securities 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 27th and introduce a new five-seater version of the ES8 in the second half of the year. They mentioned that the company plans to release three to five new vehicle models in the coming years, and also plans to build 1,000 battery swapping stations this year. After NIO announced strong first-quarter performance, Yamato raised their profit forecast for 2026 and 2027. The institution maintains a buy rating on NIO.