NIO Announces RMB3.3 Billion Investment in NIO China from Strategic Investors

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Morgan Stanley Reiterates Overweight Rating on NIO (NIO)

September 30, 2024 6:00 AM EDT

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $6.10 price target on NIO (NYSE: NIO)

The analyst comments "Positive for cash flow and stock price: NIO China has received a Rmb3.3bn investment from Hefei Jianheng New Energy Automobile Investment Fund Partnership (Limited... More