---
title: "\"Big Banks\" JP Morgan: NIO's second-quarter performance was below expectations, maintaining an \"Overweight\" rating"
description: "JP Morgan released a report stating that NIO's performance in the second quarter was slightly below expectations, affected by product upgrades. Management revealed plans for new models and cost contro"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/255713302.md"
published_at: "2025-09-03T04:06:45.000Z"
---

# "Big Banks" JP Morgan: NIO's second-quarter performance was below expectations, maintaining an "Overweight" rating

> JP Morgan released a report stating that NIO's performance in the second quarter was slightly below expectations, affected by product upgrades. Management revealed plans for new models and cost control measures for the fiscal year 2026, aiming to achieve sales of 150,000 vehicles and operational breakeven in the fourth quarter. Morgan Stanley maintains a positive outlook on NIO, believing that through cost control and the launch of new models, NIO's competitiveness will improve and financial performance will enhance, maintaining an "Overweight" rating with a target price of $8

JP Morgan published a research report indicating that NIO (09866.HK)(NIO US) had slightly weaker performance in the second quarter than the bank's expectations, mainly affected by product upgrades in mid to late May. The management revealed plans for new model launches and cost control measures for the fiscal year 2026, reiterating the goal of achieving quarterly sales of 150,000 vehicles and non-GAAP operating breakeven in the fourth quarter.

Morgan Stanley maintains a positive outlook on NIO, believing that through a series of measures such as cost control and new model launches, NIO's competitiveness will be enhanced and financial performance will improve. It is expected that the market will raise profit forecasts, maintaining an "overweight" rating, with a target price of $8 for US stocks

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