Deutsche Bank has raised its target price for NIO-SW from HKD76 to HKD80 and maintained a Buy rating due to the anticipated strong sales of the new ES9 model, which is expected to reach average monthly sales of about 5,000 units after production capacity increases in the second half of 2026. As a result, they have significantly reduced their 2026 net loss forecast for NIO-SW by 49.6%.
