Deutsche Bank: Strong sales of ES8 Neovision vehicle, Nio Group's losses may narrow by 2025. Maintaining a buy rating and raising the target price.

Deutsche Bank analyst Wang Bin's research report stated that due to competitive pricing and strong backlog orders, the orders for NIO's ES8 sport utility vehicle may be strong. The Chinese automaker officially launched the ES8 model last weekend. Deutsche Bank predicts that the monthly sales of ES8 in the short term will be around 15,000 units, but expects sales to normalize to around 6,000 units per month under competition. Wang Bin now predicts that NIO's sales in 2025 will reach 350,000 units. Due to higher than expected sales of ES8, the analyst also narrowed NIO's net loss forecast for 2025 from RMB 17.84 billion to RMB 16.13 billion. Deutsche Bank maintains a Buy rating on NIO and raises its H-share target price from HK$75.00 to HK$82.00.