Weekly Recap | NIO-SW -5.2%, most brokers rate it buy
Weekly Review·
- NIO-SW shares fell 5.2% to close at 26.96 HKD this week, underperforming the Hang Seng Index by 2.48 percentage points.
- The company signed a 16 billion RMB charging and battery-swapping alliance with Geely Holding and reported 37,408 vehicle deliveries for September.
- Despite the partnership and steady deliveries, 21 tracked institutions maintain an average consensus buy rating with a target price of 49.55 HKD.
