Pacific Securities has a buy rating on Nio's Hong Kong-traded shares, with a target price of HK$103.62, implying an upside of 26.14 percent.
The post Pacific Securities initiates coverage on Nio, expects 160,000 EV deliveries in 2023 appeared first on CnEVPost.
For more articles, please visit CnEVPost.




General Motors has paused production at a plant in Ontario, Canada, due to a shortage of batteries, according to the local London Free Press. The Cami Assembly plant in Ingersoll, Ontario, builds BrightDrop electric vans, but has been closed for a month due to a reported battery shortage. A union representative told the London Free Press that the...