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<Research>M Stanley: NIO Inc. (NIO.US) Apr Sales Regain Growth Momentum
Recommend 21 Positive 31 Negative 8 |
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NIO-SW (09866.HK)'s April sales spiked 135%/ 32% YoY/ MoM to a new high of 15,620 units this year, close to the previous peak of 18,000-20,000 units per month, Morgan Stanley said. Of which, SUV sales rose 31% MoM to 8,800 units, while sedan sales grew 33% MoM to 6,800 units. Morgan Stanley saw weekly orders rising more sharply last month, likely driven by recent discounts, price adjustments for battery rental services and a knock-on effect from the launch of XIAOMI-W (01810.HK)'s SU7. Morgan Stanley currently rated NIO-SW's ADR, NIO Inc. (NIO.US), at Overweight, with a target price of US$10. AAStocks Financial News |
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