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<Research>CICC Keeps NIO-SW's TP at HKD41 as 2Q25 Deliveries Meet Guidance
Recommend 7 Positive 6 Negative 1 |
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In its research report, CICC predicted NIO-SW's (09866.HK) (NIO.US) Onvo L90 to maintain its lead in the high-end large three-row SUV market as the vehicle's pre-sale price beat market expectations. NIO-SW delivered a total of 72,056 vehicles in 2Q25, meeting the previous guidance of 72,000-75,000 deliveries. Additionally, the company has initiated internal CBU (Cell Business Unit) reforms. During its 1Q earnings call, it stated that these reforms are likely to gradually reflect in the financial statements starting from 2Q. With cost efficiency being optimized phrase by phrase, CICC looks forward to the company achieving positive earnings guidance in 4Q. The broker kept NIO-SW's rating as Outperform and the target prices for its H-shares at HKD41 and for its US shares at USD5.3. AAStocks Financial News |
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