Barclays: Positively viewed NIO's potential on the world stage and gave it an "overweight" rating

2022-02-09 14:53:55

According to the U.S. Stock Research Agency, the Zhitong Financial APP learned that Barclays analyst Jiong Shao Yu Weilai (NIO. US) "Overhang" rating with a price target of $34.

Analysts have a positive view of NIO's potential on the world stage. "We believe that the rapid adoption and boom in sales of electric vehicles worldwide provides a rare opportunity for this Chinese electric vehicle manufacturer to gain significant market share not only in China, the world's largest automotive market, but also in the world." ”

Barclays: Positively viewed NIO's potential on the world stage and gave it an "overweight" rating

Analysts and their team pointed out that NIO has established a strategic partnership with China's electric vehicle battery manufacturer CATL, which will use the latest technology jointly developed by the two sides to produce special batteries for NIO. In addition, NIO's battery rental service is also known as "highly innovative".

Barclays: Positively viewed NIO's potential on the world stage and gave it an "overweight" rating

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