NIO-SW (09866.HK)  +1.700 (+3.163%)    Short selling $198.25M; Ratio 36.450%   (NIO.US)      recently updated its latest company status, indicating that it has now built 3,500 battery swapping stations, BofA Securities released a research report saying. Meanwhile, NIO-SW has established a battery swapping network connecting 20 major highways and 16 city clusters.

Regarding new vehicles, NIO-SW officially launched the third-generation ES8, and noted that the NIO ET9 Horizon features interior upgrades and exterior configurations, priced at over RMB818,000, or over RMB710,000 under the BaaS plan.

Related NewsCiti Lifts NIO-SW (09866.HK) TP to $65.9, Opens 30-day Upside Catalyst Watch
Moreover, considering the Company's recent share placement, the broker lifted its target price for NIO-SW's H-shares/ US stock from $55/ US$7.1 to $59/ US$7.6, with ratings reiterated at Neutral. BofA Securities believed that the current valuation of the Company already reflects the positive factors of sales growth and narrowing losses.
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