Nio introduces lower-priced electric SUV Onvo L60, analysts predict stock increase; positive.

From Investing.com: 2024-09-20 06:41:02

Nio introduces lower-priced electric SUV, Onvo L60, exceeding market expectations. Shares surge by over 7%. Morgan Stanley analysts predict positive impact on share price due to strong price-performance, but emphasize need for efficient demand fulfillment.

Nio stock surges over 20% month-to-date, prompting higher order expectations. Analysts stress importance of successful production scaling and positive customer experience to drive significant stock re-rating. Aggressive pricing aims to boost delivery target of 20,000 units in Q4, but production ramp-up may face challenges due to high demand.

Morgan Stanley sees Nio’s share price rising in the next 15 days. ONVO L60 priced below market expectations at RMB 206,900, with BaaS model even cheaper at RMB 149,000. Analysts anticipate pricing and incentives to drive increased orders and sales, estimating a 70%-80% likelihood of success.



Read more at Investing.com: Nio launches Onvo L60, stock to ‘rise in absolute terms over the next 15 days,’ analysts say By Investing.com