Ge Long Hui·2025-09-25 14:21Core Viewpoint - NIO's stock rose over 7.7% to $7.67, driven by strong sales performance of its electric vehicles and robust orders for the L90 and ES8 models, leading to upward revisions in sales and gross margin forecasts for 2026 and 2027 [1] Group 1: Sales Performance - Citigroup's research report indicates that NIO's electric vehicle sales are performing excellently, prompting an increase in sales forecasts to 500,000 units for 2026 and 571,000 units for 2027 [1] - The strong order intake for the L90 and ES8 models is a significant factor contributing to the positive sales outlook [1] Group 2: Financial Projections - Gross margin forecasts have been adjusted upward to 16.8% for 2026 and 18.1% for 2027, reflecting improved profitability expectations [1] - The adjustments in both sales and gross margin forecasts are based on enhanced visibility for electric vehicles in the industry [1] Group 3: Target Price and Ratings - Citigroup raised the target price for NIO's ADR from $8.10 to $8.60, maintaining a "Buy" rating [1] - NIO has been included in the observation list for potential upward catalysts over the next 30 days [1]