NIO Inc. (NIO) Delivered 15,493 EVs in November 2024
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Citi Reiterates Buy Rating on NIO (NIO)
December 3, 2024 10:58 AM ESTCiti analyst Jeff Chung reiterated a Buy rating and $8.90 price target on NIO (NYSE: NIO).
The analyst comments "Group-Level Breakeven Target for 2026 - Mgmt. targets group-level breakeven in 2026, supported by (1) Nio brand reaching monthly sales of 25k units with an ASP of Rmb350k and a GPM of 20%, (2) Onvo brand achieving monthly sales of 35-45k units with an ASP of Rmb220-250k and a GPM of 15%, and (3) limiting R&D growth to less than +10% YoY and... More
