From Yahoo Finance: 2025-05-26 14:32:00

Morgan Stanley reaffirmed a Buy rating on NIO Inc. (NIO) with a price target of $5.90 after the release of new ET5 and ET5T models, featuring over 500 upgrades. The new models start at RMB 298,000 and include advancements like the NX9031 smart driving chip and improved battery range, enhancing NIO’s market competitiveness.

NIO Inc. (NIO) reported delivering 23,900 vehicles in April, a 53% year-over-year increase, with year-to-date deliveries reaching 65,994 vehicles, up 44.5% YOY. The company is set to announce its fiscal first quarter results on June 3, expecting 36% to 43% year-over-year sales growth for Q1 2025. NIO specializes in premium smart electric vehicles and innovative technologies.

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Read more at Yahoo Finance: Morgan Stanley Maintains Buy rating on NIO Inc (NIO)