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Morgan Stanley - NIO's 'pricing of ET5 Touring is more competitive', reiterates Overweight

June 15, 2023 12:09 PM EDT

Morgan Stanley reiterated an Overweight rating on Nio Inc. (NYSE: NIO) with a 12-month price target on $12.00 after the Chinese electric automaker announced the pricing for its ET5 Touring at Rmb298k and Rmb356k for the 75kwh and 100kwh versions, respectively, while the BaaS version will sell for... More