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<Research>UBS Narrowly Lifts NIO (NIO.US) TP to USD5.4 w/ Higher Sales Forecasts
Recommend 8 Positive 7 Negative 3 |
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NIO-SW (09866.HK) (NIO.US) has officially launched its second Onvo model, the L90, which is priced RMB265,800-299,800, according to a UBS report. This model features a 240L spacious cabin and a 430L trunk space, coming standard with an onboard refrigerator and an 8-inch rear entertainment screen. The management emphasized that the Onvo intelligent driving system will fully transition to an end-to-end autonomous driving solution in 2025. Considering the competitive pricing of the L90, UBS raised its sales forecasts for 2025-27 by 7%/ 5%/ 4%. Anticipating enhanced cost control and expense optimization, the broker also predicted the carmaker's net loss for 2025-27 to narrow to RMB15 billion/ RMB11 billion/ RMB10 billion. The target price for NIO's US shares was slightly raised from USD5.2 to USD5.4, with a Neutral rating unchanged. AAStocks Financial News |
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