Zhi Tong Cai Jing·2025-09-17 10:46Core Viewpoint - NIO Inc. successfully completed a financing round of $1.16 billion, aimed at enhancing its core technology development, expanding charging infrastructure, and optimizing its balance sheet to support long-term strategic growth [1] Group 1: Financing and Investment Ratings - The financing was conducted through a public offering of new shares, with funds primarily allocated for R&D of smart electric vehicle technologies and new model development [1] - UBS upgraded NIO's investment rating from "Neutral" to "Buy," raising the target price to $8.50, citing improved financial conditions and enhanced product competitiveness [1] - Deutsche Bank reaffirmed a target price of HKD 75 for NIO, highlighting the strong competitiveness of the new ES8 model [1] Group 2: Market Performance and Product Launch - Following the successful financing and positive institutional sentiment, NIO's stock surged over 11% in Hong Kong and over 8% in the U.S., reaching new highs for the year [2] - The new ES8 model is set to be officially launched during the NIO Day event in Hangzhou, with the L90 model achieving 14,500 deliveries in just 45 days since its launch [2] - NIO's strong market performance with its flagship large three-row SUVs is leading the transition of large SUVs into the pure electric era, boosting investor confidence in the company's operational outlook [2]