NIO Inc. Provides March and First Quarter 2024 Delivery Update
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Morgan Stanley on NIO (NIO): 'March sales in-line with reduced guidance'
April 1, 2024 9:29 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $10.00 price target on NIO (NYSE: NIO).
The analyst comments "NIO's March sales increased 46% YoY and 14% MoM, to 11,866 units, suggesting a notable sales uptick into month-end, based on weekly sales stat.... More
Chinese EV makers rise on strong March delivery reports
April 1, 2024 9:12 AM EDTChina's leading premium electric vehicle (EV) manufacturers, Li Auto (NASDAQ: LI), Nio (NYSE: NIO), and Xpeng (NYSE: XPEV) each rose higher in premarket trading Monday after reporting a significant uptick in their March deliveries.
