Launching new products and making massive upgrades to existing ones is a dangerous thing for an automaker to do. Yet NIO navigates well from that position.
“Looking ahead, we can envision the stock outperforming in the 2H of the year at the very least on a relative basis,” Deutsche Bank analyst Edison Yu’s team said.
NIO’s ET7 seems to be continuing to draw Shanghai customers to its stores, while WM Motor, Volkswagen, Toyota, GM, and GAC Aion are seeing fewer visitors in their stores.