---
title: "In the report \"Major Banks,\" China International Capital Corporation raised the target price for Nio to USD 10.5 with a rating of \"Buy.\""
description: "Bank of China International raised NIO's target price to USD 10.5, with a rating of \"Buy.\" The report pointed out that NIO's total revenue in the second quarter increased by 58% quarter-on-quarter, an"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/255712634.md"
published_at: "2025-09-03T04:07:47.000Z"
---

# In the report "Major Banks," China International Capital Corporation raised the target price for Nio to USD 10.5 with a rating of "Buy."

> Bank of China International raised NIO's target price to USD 10.5, with a rating of "Buy." The report pointed out that NIO's total revenue in the second quarter increased by 58% quarter-on-quarter, and the gross profit margin improved to 10%. Although the operating loss narrowed by 25% to RMB 4.5 billion, management expects record deliveries in the third quarter, with a target of an average monthly sales of 50,000 vehicles in the fourth quarter. Sales forecasts were raised to 335,000 and 450,000 vehicles, and revenue forecasts were also adjusted upward

Bank of China International published a research report indicating that NIO (09866.HK) saw a 58% quarter-on-quarter increase in total revenue for the second quarter, in line with expectations, but the structural performance was mixed. Although the vehicle profit margin remained stable, the overall gross margin increased by 2.4 percentage points quarter-on-quarter to 10%, benefiting from new high-profit technology research and development services.

After excluding one-time expenses related to institutional optimization, the operating loss for the second quarter narrowed by 25% quarter-on-quarter to RMB 4.5 billion, with the narrowing speed slightly faster than expected. The bank noted that the company's third-quarter performance guidance hinted that September deliveries would reach a record 35,000 to 39,000 vehicles. Management reiterated its fourth-quarter targets, including achieving an average monthly sales volume of 50,000 vehicles and a vehicle profit margin of 16% to 17%, consistent with the non-GAAP breakeven target.

Bank of China International stated that it has raised its sales forecasts for this year and next year to 335,000 vehicles and 450,000 vehicles, respectively. The revenue forecast for this year has been raised by 6.4% to RMB 83.5 billion, and the revenue forecast for next year has been raised by 10% to RMB 117.3 billion. Considering the faster-than-expected reduction in losses, the bank adjusted its non-GAAP net loss forecasts for this year and next year to RMB 12.6 billion and RMB 6.4 billion, respectively.

The bank raised its target price for NIO's U.S. stock from $9.5 to $10.5, maintaining a "Buy" rating

### Related Stocks

- [NIO.SG - NIO Inc. USD OV](https://longbridge.com/en/quote/NIO.SG.md)
- [NIO.US - NIO](https://longbridge.com/en/quote/NIO.US.md)
- [09866.HK - NIO-SW](https://longbridge.com/en/quote/09866.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Nio makes official entry into Uzbekistan with opening of 1st local store | Nio has officially entered the Uzbekistan market by opening its first store, Nio Space Tashkent, in partnership with loc | [Link](https://longbridge.com/en/news/274409982.md) |
| Nio to enhance power business operations for profitability, says William Li | Nio Inc. aims to enhance profitability in its power business after achieving a milestone of 100 million battery swap ser | [Link](https://longbridge.com/en/news/275255251.md) |
| South Korea's Exports Jump 44.4% in First 10 Days of February | South Korea's Exports Jump 44.4% in First 10 Days of February | [Link](https://longbridge.com/en/news/275546525.md) |
| CICC Reaffirms Their Buy Rating on NIO Inc. Class A (9866) | CICC analyst maintained a Buy rating on NIO Inc. Class A yesterday and set a price target of HK$50.00.Valentine's Day Sa | [Link](https://longbridge.com/en/news/275967598.md) |
| Chinese EV maker Nio recalls 246,229 cars over software problem | BEIJING, Feb 9 (Reuters) - Chinese electric vehicle maker Niois recalling 246,229 vehicles due to software issues that c | [Link](https://longbridge.com/en/news/275304834.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.