The EV company reached today a New 52 Week Low despite the good news this morning regarding the new SUV Model ES7 and the $83 Price Target from Credit Suisse.
This morning Credit Suisse released a note where it maintained the Outperfom Rating and the $83 Price Target for NIO plus the first leaked photos of the new SUV Model ES7.
NIO hit the last 52 Week Low on Dec.20th at $27.73 and jumped from there up to $31.32 gotting rejected and creating a lower high from $31.66 – two weeks ago.
As the time we’re writing, the main 7 EV Makers are Red on the day with the Americans TESLA (-1.25%), LUCID (-2.31%), RIVIAN (-5.01%), and FSR (-3.32%) down beyond the biggest Chinese EVs NIO (-6.07%), XPENG (-4.49%), LI (-3.75%).
Technical Analysis indicates that NIO needs to hold the Diagonal Support (check the image below) around $25-26 and later break the Weekly downtrend around $38 towards new highs.
Latest News
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Three customers have filed a class-action lawsuit against Rivian, claiming the company misled buyers by advertising its first-generation R1T and R1S vehicles as being capable of hands-free, Level 3 self-driving.
Rivian Assigns More Than 1,300 R2 VINs as Production Ramps
Rivian’s R2 vehicle identification number (VIN) assignments have surpassed 1,300 units ten days after opening delivery orders for customers, data shared by users across social media showed.
Nio Opens New UK Engineering Centre as R&D Base Turns 10
Nio Inc. opened a new engineering facility in Oxfordshire on Thursday, marking the tenth anniversary of its UK R&D centre — one of the Chinese EV maker’s earliest overseas engineering bases.
Rivian on Track to Deliver More Than 1,100 R2 Units in Q2
Rivian is on track to deliver more than 1,100 R2 units before the second quarter closes on June 30, based on vehicle identification number (VIN) data and delivery estimates shared by early buyers in the company’s owner community.
BYD European Registrations Jump 135% in May to Over 27,600 Vehicles
BYD registered 27,641 vehicles across 17 European markets in May, a 135.4% year-over-year increase from an estimated 11,743 units in May 2025, according to data compiled by EV.
Lucid Preparing to Build First Validation Robotaxis for Uber-Nuro, CEO Says
Lucid Motors’ recently appointed CEO Silvio Napoli said the Saudi-backed EV maker “is preparing” to manufacture the first production validation robotaxis at its Arizona factory.
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