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Nio shares surged after Deutsche Bank raised its price target, citing strong potential for the newly launched third-gen ES8 SUV. Priced 25% lower than its predecessor, the EV is seen as more competitive against rivals like Li Auto's L9 and Aito M9. Analysts forecast monthly sales of 3,000 units, with deliveries reaching 3,20,000 in 2025. Retail sentiment on Stocktwits was 'extremely bullish.'
short by / 01:01 pm on 22 Aug
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