Goldman Sachs upgraded Chinese EV maker Nio despite the fact the country's electric vehicle market continues to struggle.
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Goldman Upgrades Chinese Tesla Rival. New Releases Spur 'Successful Turnaround.'
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09:59 AM ET 07/30/2026
Chinese electric vehicle maker Nio is turning heads on Wall Street. Goldman Sachs became the latest bank to upgrade the Tesla rival to a buy earlier this month. Nio (NIO) is a midsize EV manufacturer based in Shanghai, best-known for making premium models designed to allow for battery swaps in addition to standard EV charging. In China, Nio competes with…
Shares of Nio rallied after the carmaker unveiled its latest ES8 SUV on Aug. 21, a much more affordable option than its premium…
Nio CEO William Li says China's auto sector has passed its peak, but Nio remains focused on domestic market.
Nomura sees shares of Nio rising 16% from here.
HSBC sees shares of Nio adding 23% from here.
Chinese electric car company Nio has launched two lower-priced brands in the last two years to broaden its customer base in a…
The rally comes in large part after the company unveiled its latest ES8 SUV on Aug. 21.
