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HSBC Raises NIO Price Target to $54 and maintained the Rating

Posted by Cláudio Afonso 10th January 2022

HSBC analyst Yuqian Ding maintained a Buy rating on NIO, and raised the price target to 54 from $53.

The price target on the shares was updated after the company reported deliveries of 10,489 units in December – were up 50% year-over-year – and announced new models for 2022 at its recent NIO Day event. Ding expects more new models in 2022, which should help to boost hyper-EV market volume growth, according to the analyst.

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Cláudio Afonso
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Cláudio Afonso is the Founder and Editor of EV, an independent electric vehicle news publication owned by CARBA, the company he founded in early 2021. Between 2022 and 2024 he worked in European corporate communications at Nio, and he returned to lead EV in April 2024. He is based in Porto, Portugal.
Founder at CARBA