Analysts revise Nio stock price targets ahead of earnings

As the EV industry shows signs of recovery, Nio (NYSE: NIO) has reported record-breaking delivery numbers, signaling a potential turnaround. Nio announced over the weekend that it delivered 20,544 vehicles in May, a 233.8% increase from May 2023. These deliveries included 12,164 electric SUVs and 8,380 electric sedans.Year-to-date, in 2024, Nio has delivered 66,217 EVs, marking a significant 51% increase compared to the same period last year. Positive developments for NioThe Shanghai-based automaker receive ...