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Goldman Sachs upgraded Chinese EV maker Nio despite the fact the country's electric vehicle market continues to struggle. Shares are up about 7% this week.
Goldman Sachs upgraded Chinese EV maker Nio despite the fact the country's electric vehicle market continues to struggle. Shares are up about 7% this week.
NIO Inc. reported past delivery results for June and the second quarter of 2026, with 40,597 vehicles delivered in June and 107,658 in the quarter, bringing cumulative deliveries to about 1.19 billion vehicles as of June 30, 2026, and showing very large year-over-year growth rates. Analysts at Goldman Sachs responded to this acceleration in deliveries by upgrading their view on NIO, highlighting stronger volumes from new premium SUV models and a clearer path toward operating...
The move could make Nio eligible for the Stock Connect program, allowing mainland Chinese investors to buy its Hong Kong-listed shares.
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