On September 17, Nio U.S. stocks surged more than 8% at the close, hitting a new high this year. UBS remains optimistic about Nio’s growth potential due to improved finances, new product competitiveness, and recovered consumer confidence. It believes its valuation is highly attractive and expects significant upside potential for the stock price over the next 12 months. Therefore, it has upgraded its Nio rating from 「neutral」 to 「buy」 and raised its 12-month target price from $6.20 to $8.50. The all-new Nio ES8 has already been shipped from its Hefei factory to various parts of the country, ensuring immediate delivery upon launch. The new ES8 will be launched this week in Hangzhou...
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