Why This Nio Analyst Is Raising His Price Target For The EV Maker
August 02, 2021 at 14:40 PM EDT
Nio, Inc reported July quarter deliveries that came in at 7,900 units, representing a 124% year-over-year increase but a 2% sequential drop. Nio's volume fell below XPeng Inc and Li Auto Inc. An analyst remained upbeat about Nio's prospects.