Barclays: Gave NIO an "overweight" rating with a price target of $34

author：Tech Planet 2022-02-09 15:34:00

On February 9, Barclays analyst Jiong Shao gave WEILAI an "overweight" rating with a price target of $34. 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".

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