CnEVPost Newsletter: BofA further raises Nio price target; Xpeng denies Maserati acquisition rumor

BofA further raises Nio price target, expects deliveries of 20,000-21,000 per month in Aug and Sep

Nio's vehicle deliveries in August and September are expected to be 20,000-21,000 units per month due to auto parts constraints, but parts supply will improve in the fourth quarter, BofA said.