Connect with us

Hi, what are you looking for?


Nio Outlook Raised With Upgrades After Nio Day


  • Pre-orders of ET7 Nio’s newest product line have overwhelmed and crashed the Nio App.
  • Waitlist to order the Nio ET7 have 3+ month.
  • JP Morgan Chase analyst Nick Lai raises Price Target to $75 from $50.
  • Deutsche Bank analyst Edison Yu took his price target to $70 from $50.
  • Credit Suisse analyst Bin Wang raised his target to $71 from $65.

Wall Street Raises Overall Sentiment Toward Nio Inc.

This past weekend, Nio Inc.,  hosted their annual consumer event Nio Day 2021. The overall sentiment? It was a success. Both Asia’s and U.S. Wall Street viewed the contents unveiled on Nio Day with a very positive sentiment. In short, Nio launched a new electric sedan line and talked about their battery and software improvements, including a partnership with Nvidia.

Nick Lai, JP Morgan Chase, analyst raised Nio’s (Ticker: NIO) price target to $75. He has kept the price target to Overweight rating on the shares. Lai explains on his research note the following four points regarding the company’s new model and technology advancement:

  • In-house autonomous driving solution with Nvidia (NVDA).
  • Solid-State Batteries for their new model (ET7 Sedan).
  • Monetization LiDar.
  • Commercialization of LiDar.

Analysts across Wall Street are raising their price targets as well. Premarket gains have raised Nio’s market capitalization to more than $100 billion. It is currently up more than 10% in the premarket, trading around $65.

Solid-State Battery Technology Will Be the Ultimate Test.

Can Nio really produce solid-state battery technologies in less than 2 years?

Nio’s plan to include solid-state batteries is a direct challenge to EV competitors including QuantumScape (TICKER:QS) – who is pioneering solid-state battery. QuantumScape, whose company is devoted to solid-state battery technology, has a timeline of 2025 whereas Nio has already announced an ambitious release plan of 2022. Nio has yet to provide further details on their solid-state batteries, we look forward to seeing what they have in store.


You May Also Like


How much do you get for donating a testicle? The male testicle is a body part that is responsible for producing sperm. It also...


There are many reasons as to why you would want to increase the weight of your girlfriend. Fattening your girlfriend could actually be helpful...

Social Media

We recently shared some innovative Snapchat private story ideas that can easily help you come up with a unique and catchy name for your...


Google Lens can help you to make your smartphone even smarter. That’s because it will use the camera of your smartphone to help you...