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- S&P 500 ends lower as investors weigh data, Middle East tensions
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BYD reports December sales in line with overall market
January 3, 2023 8:26 AM ESTChinese electric vehicle maker, BYD announced their December sales numbers with passenger NEV sales jumping 2% MoM and 153% YoY to 234.6k units. The companys December wholesale sales rose by ~5k units MoM, decelerating from 12k/17k increments seen in the last two months. Morgan Stanley analyst, Tim Hsiao believes that... More
Morgan Stanley bullish following Nio’s (NIO) December sales
January 3, 2023 7:48 AM ESTMorgan Stanley reiterated an Overweight rating and $16.10 price target on Nio (NASDAQ: NIO) after the electric car makers December sales rose 12% MoM and 51% YoY, reaching a record level of 15,815 units. The companys NT2.0 models contributed around 83% of total deliveries, picking up the slack... More
Deutsche Bank remains bullish on Nio (NIO)
January 3, 2023 7:21 AM ESTDeutsche Bank reiterated a Buy rating and $21.00 price target on Nio (NYSE: NIO) following the companys guidance cut last week. In just the past few quarters, NIO has encountered issues with metal casting parts, EDS assembly, silicon carbide supply, and most recently delivery logistics. However, analyst, Edison Yu believes that operational frustrations surrounding the Chinese... More
